May 19, 2026 — Today’s Daily Mining Update highlights active gold development and exploration news alongside a firmer copper-market outlook, with companies advancing production, drilling, and project studies across several key mining jurisdictions.

Thor Explorations reports Q1 results and growth work

Thor Explorations Ltd. reported first-quarter 2026 results for the Segilola Gold Mine in Nigeria and its exploration portfolio in Nigeria, Senegal, and Côte d’Ivoire. The company reported 20,256 ounces of gold poured at Segilola during Q1, revenue of $74.3 million, EBITDA of $55.8 million, and net income of $46.7 million, while also noting ongoing drilling to test depth extensions at Segilola. Read the Thor Explorations release.

North Peak prepares for drilling in Nevada

North Peak Resources Ltd. said it secured all required permits to begin exploration drilling across five target areas at the Prospect Mountain Mine Complex in Eureka County, Nevada. The company said earthworks are expected to begin shortly and described the 2026 campaign as its broadest exploration program to date. Read the North Peak Resources release.

Copper outlook strengthens as Cochilco lifts forecast

Chile’s copper commission, Cochilco, raised its 2026 average copper price forecast to $5.55 per pound and projected an average of $5.10 per pound for 2027. The updated outlook cited solid global demand and tight supply, with demand linked to the energy transition, electric vehicles, new technologies, and artificial intelligence. Read the MINING.COM report.

Sector takeaway

Today’s updates point to continued momentum across the mining pipeline, from operating gold mines and project studies to new exploration drilling and stronger copper price assumptions. For resource-market watchers, the common thread is that project execution and disciplined exploration remain central as commodity markets continue to evolve.

This article is for informational purposes only and is not financial advice.