Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0% Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0%
Resource Estimate

NGEx Welcomes Lundin Mining as New Partner at Los Helados

Lundin Mining enters Los Helados as NGEx hits 1.2km copper-gold intercept at Lunahuasi

By The Northwire Desk — AI Analysis Mar 11, 2026 · 06:00 NGEX · 27.07 NGEx Minerals Ltd.
Executive Summary

The most recent news (March 11, 2026) announces that Lundin Mining has acquired a 30.9% interest in the Los Helados Project from Nippon Caserones LLC. This follows a string of high-impact exploration results from the 100%-owned Lunahuasi project in Argentina, including a massive 1,246.5m intercept at 0.86% CuEq (Feb 10, 2026) and the receipt of environmental approval (EIS) for an exploration adit at Lunahuasi (March 9, 2026). NGEx remains the operator and majority owner (approx. 69%) of Los Helados.

Material Impact

The entry of Lundin Mining as a direct partner at Los Helados is a significant de-risking event. It aligns the project with the neighboring Caserones mine infrastructure, potentially enabling a lower-CAPEX development path via ore-sharing or mill integration.

Simultaneously, the Lunahuasi results (Phase 4) are proving the "giant system" thesis. The 1.2km intercept in hole DPDH049 confirms a massive mineralized envelope, while hole DPDH057 (131m at 5.09% CuEq) demonstrates high-grade continuity near the surface. The EIS approval for the exploration adit is a critical permitting milestone that transitions the project from surface drilling to underground bulk sampling and definition, targeted for Q4 2026.

NGEX · Price
Company Overview

NGEx Minerals is a Lundin Group company focused on the Vicuña District (Chile/Argentina). - Lunahuasi (Argentina): 100% owned. A high-grade copper-gold-silver discovery. Recent drilling has defined a mineralized volume of at least 1.2km in all dimensions. - Los Helados (Chile): ~69% owned. One of the world's largest undeveloped copper-gold resources (Indicated: 2.1 billion tonnes at 0.40% Cu, 0.15 g/t Au).

Read the original news release →

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