Northwire Canada EditionMonday, November 9, 2026
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Gold 4,129.60 +1.3% Silver 52.77 +1.6% Copper 6.34 +1.7% Oil 87.56 −3.6% Palladium 1,027.00 −9.0% UCU 2.24 +4.7% KAPA 0.105 +0.0% AFM 1.30 +6.6% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.10 +2.5% SGO 0.155 +3.3% BNKR 2.68 +2.3% TECT 1.60 +5.3% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3% KCC 0.840 +0.0% NEV 0.030 +20.0% FMAN 0.260 +2.0% Gold 4,129.60 +1.3% Silver 52.77 +1.6% Copper 6.34 +1.7% Oil 87.56 −3.6% Palladium 1,027.00 −9.0% UCU 2.24 +4.7% KAPA 0.105 +0.0% AFM 1.30 +6.6% BONE 0.035 −12.5% EM 4.30 +0.0% BKM 4.10 +2.5% SGO 0.155 +3.3% BNKR 2.68 +2.3% TECT 1.60 +5.3% MKA 0.650 +0.0% BEX 0.070 +0.0% RTH 0.035 +0.0% GBU 0.085 +13.3% KCC 0.840 +0.0% NEV 0.030 +20.0% FMAN 0.260 +2.0%
Drill Results

Selkirk Copper Expands Mineralization at Four Resource Zones at the Minto Copper-Gold-Silver Mine

Selkirk Copper Rigs Up for Mid-Year PEA as CEO Bets $1.5M on Minto Restart

By The Northwire Desk — AI Analysis Mar 25, 2026 · 07:01 SCMI · 1.13 Selkirk Copper Mines Inc.
Executive Summary
  • Selkirk Copper announced on March 30, 2026, that four diamond drill rigs are actively completing its 50,000-meter Phase 1 drill program at the Minto Mine.
  • New assay results confirm high-grade copper-gold-silver mineralization across underground (Minto North) and open-pit (Minto East, Ridgetop, Area 118) zones, with step-out drilling expanding known lenses.
  • The company is incorporating this data into a Preliminary Economic Assessment (PEA) targeted for mid-2026, which will support a blended open-pit/underground mine plan and a 12-15 year operational life.
  • President & CEO Colin Joudrie disclosed a personal $1.5M cash investment and purchased 1.7 million shares at $0.95-$0.98 per share in March 2026.
  • Operational upgrades are underway, including mill motor replacements, power circuit increases, and a new crushing circuit, aimed at boosting throughput to 4,100 t/d.
  • The 2025 bankruptcy of the prior operator extinguished a historic gold-silver stream, freeing approximately 35% of ore value for Selkirk Copper.
  • Permit amendments are progressing with the Yukon government and the Selkirk First Nation (SFN), which holds a 22% equity stake.
Material Impact
  • The March 30 release is an incremental update that aligns with prior guidance. The drill program completion, PEA timeline, and operational upgrades were already outlined in February and January releases.
  • CEO share purchases at $0.95-$0.98 provide insider validation but do not alter the fundamental risk profile or near-term cash flow trajectory.
  • The stream extinction benefit was previously disclosed in the February 23 release and is already factored into the current valuation and PEA assumptions.
  • The departure of SVP Operations Chuck Hennessey (noted March 25) introduces minor execution risk, though the company states a replacement search is underway.
  • No new resource estimates, metallurgical breakthroughs, or permitting approvals were announced. The news confirms steady progress but lacks unexpected catalysts to drive immediate multiple expansion.
  • Given the company's high quarterly burn rate and lack of near-term revenue, the market will likely view this as expected execution rather than a material re-rating event.
SCMI · Price
Company Overview
  • Selkirk Copper Mines Inc. is a Canadian mining company focused on the restart and expansion of the Minto Copper-Gold-Silver Mine in the Yukon Territory.
  • The flagship project encompasses 26,850 hectares of mineral claims within the Minto-Carmacks Copper Belt, including an existing 4,100 t/d processing plant, 400-person camp, and extensive surface/underground infrastructure.
  • The mine was previously in production but placed on care and maintenance in May 2023. Selkirk acquired 100% ownership in October 2025 via a reverse takeover and amalgamation with Selkirk First Nation affiliates.
  • The current strategy involves a 50,000-meter Phase 1 drill program, engineering trade-off studies, and a PEA targeting mid-2026, with a potential restart decision in early 2027.
Read the original news release →

More from Selkirk Copper Mines Inc.

Nov 05, 2026 · 17:10

Selkirk confirms prior PEA economics and restart plan remain unchanged following the filing of its technical report.

Technical Study Oct 21, 2026 · 08:32

Selkirk released a paid recap of previously published assay results, providing no new geological data or updated resource estimates for its projects.

Technical Study Oct 15, 2026 · 07:01

Selkirk’s infill drilling at the Selkirk deposit returned a best grade-width hole of 12.4 g/t over 1.5 metres within the known resource.

Drill Results Sep 29, 2026 · 07:01

Selkirk’s infill drilling at the Selkirk deposit revealed a high-grade 99th-percentile hole, confirming robust mineralisation without changing total tonnes.

Drill Results Sep 22, 2026 · 07:01

Selkirk’s preliminary economic assessment delivers a C$494 million net present value at planning prices for its project.

Resource Estimate Sep 14, 2026 · 23:36

Selkirk’s NI 43-101 filing confirms the July MRE with no material changes to the Minto resource.

Resource Estimate