Los Reyes
Our 100% owned Los Reyes Property is a development-stage project measuring over 6,270 hectares within the prolific Sierra Madre mining belt in Sinaloa, Mexico. Located in the Guadalupe De Los Reyes mining district, the property contains several historic workings with mining dating back to the 1700s. The property is located approximately 45 km southeast of Cosalá, a mining-friendly city. Los Reyes was acquired through the acquisition of Prime Mining in October 2025.
Los Reyes is a low-sulphidation, epithermal gold-silver deposit that could be mineable from a combination of open pit and underground and currently hosts an Indicated Resources of 1.5 million ounces of gold and 54.0 million ounces of silver, as well as an Inferred Resources of 538 thousand ounces of gold and 21.6 million ounces of silver. More information on Los Reyes resources can be found in Reserves and Resources.
The broader land package remains underexplored with drilling to date primarily focused on the Guadalupe, Zapote-Tahonitas (Z-T), and Central trends. Significant exploration potential exists beyond the known trends including generative targets across the broader land package.
Work is underway to complete a preliminary economic assessment for Los Reyes by mid-2026. The study will evaluate various scenarios for mine development, including assessing economics for both open pit and underground operations, with a view to maximizing margins and mine life.