AbraSilver Resource extended gold mineralisation beyond the planned Oculto pit at its Diablillos project in Argentina. Hole DDH-26-063A at Oculto East cut 253 metres grading 0.54 grams per tonne gold and 9.8 grams per tonne silver from 116 metres, much of it below the current pit design, while infill hole DDH-26-064 cut 75 metres at 2.44 grams per tonne gold and 106 grams per tonne silver from 220 metres inside the planned pit. Three rigs remain active, assays feed a resource update expected in the second quarter of 2027, and a construction decision is targeted for the same period. Diablillos, on the Salta and Catamarca border, holds measured and indicated resources of 232 million tonnes at 33 grams per tonne silver and 0.34 grams per tonne gold.
Agnico Eagle chief executive Ammar Al-Joundi said the company aims to complete 60 to 70 percent of detailed engineering before approving a project, against roughly 30 to 40 percent at many peers, accepting preliminary engineering spending that can rise from $15 million to $100 million before a construction commitment. At Hope Bay, detailed engineering was about 73 percent complete at September 30 against construction of about 13 percent, following a positive investment decision in May 2026. The discipline is Agnico’s answer to industry cost blowouts, and it arrives as its third quarter all in sustaining costs rose to $1,648 an ounce from $1,331 a year earlier on production of 814,012 ounces.