Daily Mining Update (July 10, 2026): Below is a selection of notable mining and natural-resource company updates published over the last 24–48 hours, spanning drill results, operating updates, and financings.
1) Ivanhoe Mines: Congo copper output expected to rise in H2 2026
- Ivanhoe Mines said production at its Kamoa-Kakula copper complex in the Democratic Republic of Congo is expected to rise in the second half of 2026 as mining rates increase and inventories are drawn down (MINING.com).
- The company reported Q2 copper production of 64,328 tonnes and first-half output of 135,745 tonnes, and it maintained 2026 guidance of 290,000–330,000 tonnes (MINING.com).
2) Selkirk Copper: initial Phase 2 drill results at the Minto Project (Yukon)
- Selkirk Copper Mines reported initial results from its Phase 2 drill program at the Minto Project in Yukon, Canada; as of June 30 it reported 27,300 metres drilled in 104 holes (of a planned 50,000-metre program) (Newsfile via The Globe and Mail).
- Highlights cited in the release included intervals such as 1.02% Cu, 0.35 g/t Au and 4.2 g/t Ag (1.35% CuEq) over 22.7 m (hole 26SCM175) and 2.22% Cu, 0.41 g/t Au and 5.3 g/t Ag (2.59% CuEq) over 4.5 m within a broader 11.9 m interval (hole 26SCM183) (Newsfile via The Globe and Mail).
3) GMV Minerals: drilling progress update in Arizona (assays pending)
- GMV Minerals reported completing 16 diamond drill holes at its Mexican Hat gold project in southeast Arizona and said it is drilling its 17th hole, with 3,250 metres completed to date (MINING.com (press release)).
- The company said nearly 1,500 drill samples have been logged, prepared and submitted to the assay lab, with additional assays pending (MINING.com (press release)).
4) Arras Minerals: closed an upsized bought-deal financing
- Arras Minerals announced it closed a bought-deal financing of 18,382,175 common shares at $1.36 per share for gross proceeds of about $25 million (TSXV: ARK / OTCQB: ARRKF) (Financial Times Markets announcement).
- The company said it intends to use the net proceeds to fund exploration and development activities in Kazakhstan, plus working capital and general corporate purposes (Financial Times Markets announcement).
5) Note on daily drill-result flow
- Canadian Mining & Energy’s “Drill Results” wire lists the day’s drill-result press releases in one place (the page updates daily) (Canadian Mining & Energy).
This article is for informational purposes only and is not financial advice.
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