Royal Canadian Mint will begin publishing country-of-origin data by material type, including flags for mixed feed, after a New York Times probe linked about 5% of its 2024 raw gold to a Texas supplier blending US and Colombian metal from Antioquia, a region tied to the Clan del Golfo cartel. Refining of all material from that supply chain has been suspended, despite the supplier holding a valid audit naming Colombia as a source. The Mint, a London Bullion Market Association Good Delivery refiner using Bullion Genesis traceability software, had previously classified the material as “North American”, exposing gaps in current KYC and risk-based supplier reassessment cycles.

Sandvik has appointed Patrick Murphy as President of its Mining business area and member of Sandvik Group Executive Management, effective 1 July 2026, succeeding Mats Eriksson, who will step down ahead of his planned 2027 retirement. Murphy currently leads Sandvik’s Rotary Drilling division, giving him direct oversight of blasthole and production drilling systems that are central to large open-pit operations. The leadership change signals continuity in Sandvik’s mining equipment strategy, particularly around drill fleet technology and service models for high-production sites.

New drilling at Torex Gold Resources’ Morelos complex in Mexico has intersected high-grade zones, including 18 metres at 8.04 g/t gold, 33.9 g/t silver and 1.37% copper in hole MLLI-042 and 16 metres at 15.12 g/t gold in hole MLLI-048, both from depths around 470–565 metres. Additional intercepts such as 49 metres at 2.18 g/t gold and 95 metres at 1.5 g/t gold support continuity of mineralisation to at least 700 metres above sea level, remaining open at depth and along strike. Backed by a record US$77 million 2026 exploration budget and 148,000 metres of planned drilling, Torex aims to sustain 450,000–500,000 gold-equivalent oz. per year beyond 2030 by rapidly tying Media Luna, ELG underground and satellite deposits into existing plant infrastructure.