Daily Mining Update (July 11, 2026) — A quick roundup of notable mining and natural-resource sector developments from recent company news and credible industry coverage, including new drill results, financings, M&A activity, and a key U.S. permitting milestone.
1) Marimaca Copper: high-grade bornite zone extended at Pampa Medina (Chile)
Marimaca Copper reported additional step-out drilling results from the Pampa Medina deposit in Chile’s Antofagasta Region, including highlights from holes SPRD-07, SPRD-08B, and SPRD-09. Notable intervals included (among others) 20 m at 2.65% Cu and 13.9 g/t Ag from 564 m (including 6 m at 6.11% Cu and 24.0 g/t Ag from 574 m) in SPRD-07, and 660 m at 0.41% Cu and 1.8 g/t Ag from 386 m (including 98 m at 1.21% Cu and 7.6 g/t Ag) in SPRD-08B. (Fidelity / ACCESS Newswire)
2) Andina Copper: discovery-style intercept at Piuquenes North (Argentina)
Andina Copper reported initial discovery drilling at the previously undrilled Piuquenes North target in San Juan, Argentina. In drillhole PIU13, the company reported 468 m at 0.50% Cu, 0.30 g/t Au, and 3.04 g/t Ag from 700 m, including 164 m at 0.70% Cu, 0.44 g/t Au, and 4.19 g/t Ag from 924 m. (TheNewswire via FinancialContent)
3) South32: Hermosa project clears a key U.S. federal environmental decision
South32’s Hermosa zinc-silver project in southern Arizona cleared a key step after the U.S. Forest Service issued a Final Record of Decision, completing the NEPA review for specific infrastructure on public land (including an access road, a dry-stack tailings facility and part of a transmission line). MINING.COM notes the project was accepted into the FAST-41 permitting program and may produce multiple federally designated critical minerals (including zinc, silver and manganese). (MINING.COM)
4) Fortuna: Senegal gold project permit expected “within weeks” (CEO comments)
Reuters reported that Fortuna expects to receive the final permit for its Diamba Sud gold project in Senegal “within weeks,” with nearly $400 million planned investment. Reuters also cited a target for first gold output in 2028 and peak annual production of about 230,000 ounces. (Reuters)
5) First Majestic Silver: definitive agreement to sell the San Martin mine (Mexico) for US$90 million
First Majestic announced a definitive agreement dated July 6, 2026 to sell its 100%-owned past producing San Martin Silver Mine in Jalisco State, Mexico, to Flextronics Supply and Service, S. de R.L. de C.V. for total cash consideration of US$90 million. The company outlined an upfront US$2.5 million payable at closing (including a US$500,000 escrowed deposit) plus additional scheduled payments extending to 2032, and said it anticipates closing in Q4 2026 (subject to customary conditions and Mexican antitrust approval). (TMX Newsfile via Yahoo Finance)
6) Australian gold M&A: Genesis Minerals proposal for Vault Minerals
Media reports indicated Genesis Minerals submitted an offer to acquire Vault Minerals valued at about A$5.6 billion (US$3.9 billion), with Vault’s board describing it as superior to an earlier agreement with Regis Resources and noting a matching right period for Regis. (AKM.RU)
7) Selected recent financings: exploration funding and flow-through placements
- Teako Minerals announced a fully committed non-brokered private placement of up to 8,333,333 common shares at $0.06 per share for up to $500,000 in gross proceeds, with commitments from a strategic investor group (K.A. Rasmussen AS) and closing subject to CSE approval and a statutory hold period. (Newsfile via The Globe and Mail)
- F4 Uranium announced the closing of a brokered private placement for gross proceeds of C$1,009,200, consisting of 6,728,000 flow-through units at C$0.15 per unit, with Red Cloud Securities acting as agent; proceeds are intended for qualifying exploration expenditures related to its Athabasca Basin uranium projects (subject to final TSX-V approval). (Prospector News)
This article is for informational purposes only and is not financial advice.
As always, readers should review original company filings and press releases for full details and context.
