Sinda Ltd. reported third quarter 2026 results demonstrating significant operational momentum at its Guanajuato silver-gold project, ending the period with a robust $305.6 million cash balance. The company successfully transitioned into site preparation for underground development while maintaining an aggressive exploration program that delivered its highest-grade drill intercept to date.
Key Highlights
- Completed 31,150 meters of Phase 2 drilling using 18 rigs, focusing on resource conversion at Caracol and exploration along the Don Diego corridor.
- Achieved the highest-grade drill intercept to date at Caracol, returning 3.05 meters grading 12,494 g/t silver-equivalent.
- Launched earthworks for the exploration decline portal in September, moving approximately 6,500 cubic meters of material during the quarter.