Assays Pending in Northern B.C., High-Grade Results in the Yukon: A Look at Silver’s Fall Exploration Season
Key Highlights
- ➤Aya Gold & Silver (AYA) Q3 output reached record 2.03 million silver equivalent ounces
- ➤Zgounder silver production hit record 1.50 million ounces, up 11% year over year
- ➤Silver North (SNAG) drill hole averaged 1,669 g/t silver across 4.41 metres
- ➤Santacruz (SCZM) Q3 consolidated silver production fell 5% to 1,500,958 ounces
- ➤Cassiar Gold announced private placement targeting up to $3,000,000 gross proceeds
Expert Statements
Rob Birmingham, President and CEO of GoldHaven Resources Corp.
“Reaching 3,000 metres in our inaugural drill program is an important milestone, but we’re particularly encouraged by the silver-lead-zinc potential emerging at D Zone”
Steve Letwin, Chairman of Cassiar Gold Corp.
“We believe Cassiar is at an important stage in its evolution”
Jason Weber, P.Geo., President and CEO of Silver North Resources
“The Main Fault continues to deliver strong silver grades over wide intersections, with HLD26-41 rivalling last year’s hole 31 as the best hole drilled to date at Haldane”
Arturo Préstamo, Executive Chairman and CEO of Santacruz Silver Mining Ltd.
“In Q3 2026, our mining operations increased silver production by 2% quarter-over-quarter and by 30% year-over-year”
Benoit La Salle, President & CEO of Aya Gold & Silver
“Q3 was another record quarter at Zgounder, with records in both silver production and mill throughput”
VANCOUVER, British Columbia, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Market Updates News Commentary - The estimated average silver price in 2025 was $38 per troy ounce, 34% higher than the average price in 2024, according to the U.S. Geological Survey, which reported that the price increased for 11 months in 2025 and reached a high of $53.60 per troy ounce on November 13. With prices at those levels, explorers in northern British Columbia and the Yukon are closing out their fall field seasons with drill results and assays to come, while producers report their third-quarter output. Companies mentioned in today’s commentary include: GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF), Silver North Resources Ltd. (TSX-V: SNAG) (OTCQB: TARSF), Santacruz Silver Mining Ltd. (NASDAQ: SCZM) (TSX: SCZ), Aya Gold & Silver Inc. (TSX: AYA) (NASDAQ: AYA).
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