Latest Silver News

Iltani Resources has paired a substantial Orient silver-indium resource with $8 million in QIC backing, giving the explorer a stronger platform for its next phase of drilling and technical studies. The company remains loss-making and pre-revenue, but ended FY26 with $7.5 million in cash.

Omnia Metals has shifted its exploration focus to US antimony, silver, rare earths and gallium projects, backed by $3.1 million in equity raisings. Early Montana sampling produced follow-up targets, but the company remains loss-making and says the results are reconnaissance-scale rather than evidence of a resource.

Unico Silver has more than tripled its reported silver-equivalent resource base across Joaquin and Cerro Leon, ending FY26 with A$55.1 million in cash and a maiden Joaquin Pre-Feasibility Study ahead. The next stage will test whether geological scale can become an economically viable project.

ACDC Metals enters FY27 with a larger Nevada exploration footprint and a 10-year licence over its Goschen Central rare earths project, but a sharply higher annual loss and ongoing funding needs remain part of the picture. The company plans up to 2,500 metres of reverse-circulation drilling at Mount Jackson in Q4 CY2026.

Australian Gold and Copper expanded its exploration footprint and advanced major targets during FY2026, but the campaign came with a larger loss and a sharp reduction in cash. The company now has a 38.5Moz silver-equivalent Achilles resource, a newly acquired Junee gold portfolio and further funding demands ahead.

Riedel Resources has completed the equity-funded acquisition of the Cosmo and Mt Venn gold projects, expanding its exploration portfolio beyond Arizona. But the annual report carries a material going-concern uncertainty, leaving future drilling dependent on further capital and execution.

Ballymore Resources enters FY2027 with Dittmer moving towards underground resource drilling, bulk sampling and trial mining, while Torpy’s has emerged as a second high-grade polymetallic opportunity. The progress came alongside a $3.10 million loss, a $10.92 million royalty liability and a disclosed material uncertainty over ongoing funding.

ASF Group strengthened its balance sheet in FY2026 by selling non-core investments and subsidiaries, lifting cash to A$5.19 million and eliminating borrowings. Profit attributable to shareholders fell sharply as the prior year benefited from a one-off gain, leaving the investment group reliant on future portfolio realisations and development projects.

Empire Resources has expanded its Yuinmery exploration story with new copper, gold and PGE zones, but its FY2026 annual report carries a material uncertainty over whether the company can continue as a going concern. A $4.825 million capital raising lifted cash, yet losses and director-related debt also increased.

Mammoth Minerals expanded its Nevada exploration portfolio and drilled more than 21,000 metres at the Buster Trend, but its FY2026 report also highlights a material uncertainty over its ability to continue as a going concern. The company posted a larger loss and remains dependent on future equity funding to sustain exploration.

West Cobar Metals ended FY2026 with more cash but a larger loss and an auditor-highlighted material uncertainty over its ability to continue without further funding. Exploration advanced across Salazar and Cobar West, but the company remains dependent on equity markets to keep its programmes moving.

Silver Mines has completed the $26 million buyback and extinguishment of two private royalties over its Bowdens Silver Project, paying $18 million in cash and issuing $8 million in shares. The move removes the royalty interests over EL5920 as the project enters its next approvals phase.