Northwire Canada EditionFriday, July 10, 2026
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AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.67 +3.7% SGZ 0.040 −11.1% GRSL 0.310 −3.1%
M&A / Property Material +

Radius Signs Option to Acquire 100% of the Jonco Silver Project, Peru

Radius pivots to bulk-tonnage silver in Peru as Tierra Roja drilling remains mired in bureaucracy.

By The Northwire Desk — AI Analysis Feb 27, 2026 · 07:00 RDU · 0.15 Radius Gold Inc.
Executive Summary

The most recent news (February 27, 2026) announces that Radius Gold has signed an option agreement to acquire a 100% interest in the Jonco Silver Project in Peru. This is a 3,830-hectare project described as a bulk-tonnage, disseminated epithermal silver-gold-lead-zinc system. Historical drilling (11 holes) returned significant intervals, including 254.5m at 27.0 g/t Ag and 90.0m at 31.3 g/t Ag. To earn 100%, Radius must pay US$4.15M in cash, spend US$7.0M on exploration over five years, and issue 250,000 shares.

Material Impact
  • Strategic Pivot: This acquisition is materially positive because it provides the company with a "drill-ready" target (subject to surface access) while its primary copper project, Tierra Roja, has been stuck in a "bureaucratic process" for over a year.
  • Project Quality: The historical drill intercepts (254m of mineralization) suggest a large-scale system. While the grades are relatively low for silver, the "bulk-tonnage" potential aligns with modern open-pit mining models.
  • Cost Burden: The US$4.15M cash commitment and US$7M exploration spend are significant for a company with only ~CAD$1.2M in cash (as of Sept 2025). This will necessitate a major financing or the sale of equity investments in the near term.
  • Permitting Fatigue: The news confirms that Tierra Roja is still waiting for "final authorization," a status that has remained unchanged since July 2025. Jonco provides a necessary distraction for the market.
RDU · Price
Company Overview

Radius Gold is a project generator and explorer with a portfolio in Peru, Mexico, and Guatemala. - Flagship (Current): Tierra Roja (Peru), a copper-gold target with IP anomalies suggesting a large porphyry or IOCG system. Despite being "drill-ready" since mid-2025, it lacks final land access permits. - New Flagship (Potential): Jonco Silver Project (Peru), a bulk-tonnage silver-polymetallic system with historical drill confirmation. - Secondary Assets: Amalia (Mexico) JV with Pan American Silver and Holly (Guatemala) JV with Volcanic Gold.

Read the original news release →

More from Radius Gold Inc.

Jun 16, 2026 · 07:00

Radius Gold swaps leadership to boost exploration momentum as drilling nears at its gold projects.

Management Mar 30, 2026 · 07:00

Radius Gold hunts for silver and gallium at Jonco while navigating the bureaucratic labyrinth of Peruvian permitting.

Drill Results Mar 18, 2026 · 07:01

Radius edges closer to Tierra Roja drilling while expanding Peruvian footprint through Jonco acquisition

Drill Results Jan 21, 2026 · 07:00

Management Recycles Historical Amalia Data to Mask Continued Permitting Delays at Tierra Roja

Drill Results Nov 25, 2025 · 17:55

SEDAR Interim Financial Statements

None Oct 02, 2025 · 12:58

Radius signs option deal to acquire Hidekel concessions

Drill Results