Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
M&A / Property Routine +

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 →

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