Mining news on Aug. 6, 2026, includes new copper-gold-silver-molybdenum drilling results in British Columbia, high-grade underground targets in Nigeria, updated gold-production guidance after a merger, quarterly copper and gold results from Lundin Mining, and new permitting and infrastructure developments for Canadian critical-minerals projects. The roundup below covers company releases and government announcements published Aug. 5–6.
Tudor Gold reports a new porphyry system at Treaty Creek
Tudor Gold (TSXV: TUD; FSE: H56) said results from the first four holes of its 2026 exploration program at the Perfectstorm Zone identified a new copper-gold-silver-molybdenum porphyry system, called the PSP Zone, and confirmed a gold-silver epithermal system, called the PSE Zone. The company owns 80% of the Treaty Creek Project in northwestern British Columbia, according to its Aug. 6 release.
Selected results included 4.59 grams per tonne gold and 0.67 g/t silver over 10.50 metres in hole PS-26-15, plus an interval of 0.24 g/t gold, 2.11 g/t silver, 0.21% copper and 50.76 parts per million molybdenum over 82.90 metres. Hole PS-26-17 in the PSE Zone returned 0.78 g/t gold and 2.90 g/t silver over 74.15 metres. Tudor said the PSP system remains open in all directions and that two drills are focused on the priority target areas.
Thor Explorations extends high-grade targets below Segilola
Thor Explorations (AIM: THX; TSXV: THX) reported further drilling results from below the Segilola open pit in Nigeria. The Aug. 6 release highlighted 19.4 metres at 3.01 g/t gold from 346 metres in hole SNMDD089, 5.3 metres at 5.66 g/t gold from 300 metres in SNMDD166, and 2.0 metres at 9.27 g/t gold from 420 metres in SNMDD171.
Thor said drilling has delineated a high-grade, steeply dipping shoot extending to 400 metres below the pit and remaining open. The company plans to continue drilling through 2026, test extensions along strike and down plunge, and work toward an updated resource by year-end while evaluating underground mining and a possible open-pit mine-life extension.
Equinox Gold raises 2026 guidance after completing Orla merger
Equinox Gold said it completed its business combination with Orla Mining on July 31 and issued 378,115,579 common shares to former Orla shareholders. In its Aug. 5 results release, the company reported second-quarter production of 176,836 ounces of gold, revenue of $769.8 million and all-in sustaining costs of $2,175 per ounce.
Updated consolidated 2026 guidance is 870,000–920,000 ounces of gold, including five months of production from the acquired Musselwhite and Camino Rojo operations. Equinox also said its quarterly dividend increased 50% to $0.0225 per common share, with payment scheduled for Sept. 2, subject to the stated record-date terms.
Lundin Mining reports strong Q2 copper and gold production
Lundin Mining reported second-quarter production of 76,877 tonnes of copper and 33,427 ounces of gold. The company’s Aug. 5 release said revenue was $1.2127 billion, cash provided by operating activities was $458.8 million, and adjusted free cash flow from operations was $395.9 million.
Lundin kept consolidated 2026 copper guidance at 310,000–335,000 tonnes and gold guidance at 134,000–149,000 ounces. It raised annual expansionary capital guidance from $50 million to $85 million to fund early work on an additional ball mill at the Saúva project in Brazil, with commissioning targeted for late 2027.
Osisko Gold highlights high-grade results at Cariboo’s Proserpine target
Osisko Gold (NYSE: OGG; TSXV: OGG) reported results from 14 diamond drill holes totaling 6,463 metres at the Proserpine regional target within its 100%-owned Cariboo Gold Project in central British Columbia. The Aug. 5 release highlighted 95.93 g/t gold over 4.60 metres at an approximate 71-metre vertical depth and 5.46 g/t gold over 8.60 metres at an approximate 77-metre vertical depth.
Osisko said the Proserpine mineralized footprint now extends about one kilometre along strike and 0.5 kilometres in width, remains open in all directions, and has had less than half of its roughly four-kilometre prospective strike length tested. The company plans to resume drilling after a seasonal hiatus, with an additional 26,500 metres planned across follow-up and untested targets.
Dumont Nickel receives Quebec decree extension through 2031
Dumont Nickel said Quebec approved an extension of decree 526-2015, as amended, for the Dumont nickel project near Amos in Abitibi-Témiscamingue. The Aug. 5 announcement said the decree authorizes open-pit mining of the Dumont nickel deposit and construction and operation of an ore-processing plant.
The company said the extension allows Dumont to continue advancing toward a final investment decision and the start of construction. The announcement is a regulatory milestone, but it does not itself represent a final investment decision or construction start.
Canada commits nearly $5 million to Quebec phosphate infrastructure studies
Natural Resources Canada announced nearly $5 million under the First and Last Mile Fund for infrastructure work connected with First Phosphate’s Bégin–Lamarche phosphate mine in Quebec’s Saguenay–Lac-Saint-Jean region. The Aug. 5 government announcement said the funding includes $3,071,587 for an electricity-transmission project and $1,771,350 for road infrastructure.
The funding supports pre-development work such as feasibility and environmental studies and engagement with Indigenous and local communities. The announcement said the planned infrastructure would help connect the project to regional rail networks and the Port of Saguenay; phosphate is used in lithium-iron-phosphate batteries.
Closing note: Drill results are exploration data and may require additional drilling, assays, engineering and economic studies before their significance can be assessed. Production guidance, project schedules, financings and regulatory plans can also change as companies complete technical work and receive further approvals. Readers should review the original releases and filings before making decisions.
This article is for informational purposes only and is not financial advice.
