Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
M&A / Property

Mackay Gold & Silver Corp. to Commence Trading April 24th Following TSX Venture Exchange Final Approval

Mackay Gold Resumes Trading After $60M Raise, But Dilution Looms

By The Northwire Desk — AI Analysis Apr 23, 2026 · 08:01 MACK Mackay Gold & Silver Corp.
Executive Summary
  • Mackay Gold & Silver Corp., formerly Drummond Ventures Corp., received final TSX Venture Exchange approval for its business combination with Toro Silver Corp.
  • The company will resume trading on April 24, 2026, under the new symbol "MACK".
  • A three-cornered amalgamation was completed on April 17, 2026.
  • A share consolidation of 3-for-1 was implemented prior to resumption.
  • Concurrent financing closed on April 1, 2026, raising US$60.3 million via a non-brokered private placement at $1.40 per subscription receipt.
  • Proceeds are allocated for exploration in Nevada's Comstock District, salaries, and working capital.
Material Impact
  • The news confirms the administrative completion of previously announced milestones (financing closed April 1, amalgamation completed April 17).
  • There is no new information regarding asset valuation, resource estimates, or strategic partnerships beyond what was implied by the financing close earlier in the month.
  • The $60 million capital raise provides significant runway for exploration, reducing immediate liquidity risk compared to typical junior miners.
  • However, the share consolidation (3:1) and issuance of 43 million new shares at $1.40 indicate substantial dilution for existing shareholders prior to the amalgamation.
  • The trading resumption is a procedural step following the substantive events that occurred weeks prior.
MACK · Price
Company Overview
  • Mackay Gold & Silver Corp. is a junior mining company focused on gold and silver exploration.
  • The flagship asset is the consolidated land package in the Comstock District, Nevada.
  • The Comstock District is historically significant but requires substantial capital to prove modern economic viability.
  • The company transitioned from Drummond Ventures Corp. via amalgamation with Toro Silver Corp.
Read the original news release →

More from Mackay Gold & Silver Corp.

Oct 27, 2026 · 08:02

Mackay acquires the historic Big Bonanza assets, fully consolidating its Comstock Lode project.

M&A / Property Oct 19, 2026 · 08:01

Mackay reports higher grades in batch two, though the C$272 million capital already prices in the discovery.

Drill Results Sep 15, 2026 · 08:01

Mackay’s first assays extend Occidental South to 550m with thick but low-grade oxide gold mineralisation.

Drill Results Sep 10, 2026 · 08:01

Mackay consolidates the final missing piece of the Comstock Lode to achieve district-wide control.

M&A / Property Aug 24, 2026 · 06:15

Mackay closes a $45 million deal to secure Nevada’s largest land package at the Comstock project.

M&A / Property Aug 20, 2026 · 08:01

Mackay mobilizes a second rig to the historic Comstock target, advancing its fully-funded Phase 1 exploration program.

Drill Results