Daily Mining News Roundup: February 28, 2026
The mining industry continues to witness dynamic shifts, with significant developments across various segments this week. From notable exploration successes to strategic corporate maneuvers, today’s roundup presents the latest updates shaping the sector.
Hycroft Mining Uncovers High-Grade Silver
Hycroft Mining has announced two noteworthy high-grade silver discoveries at its Nevada properties, Vortex and Brimstone. The Brimstone site yielded an impressive 18.2 meters at 1,987 g/t Ag, contributing to a combined resource of 90.22 million ounces of silver in the Measured and Indicated categories. Hycroft maintains a strong financial position with $199 million in unrestricted cash and no debt. The company plans to increase its drilling operations with a target of completing the preliminary economic assessment (PEA) by Q1 2026. [Source]
US Tariff on Russian Palladium
The U.S. Department of Commerce has imposed a significant 133% tariff on Russian palladium imports. This move aims to stabilize domestic prices and support mining jobs in Montana. The tariff is expected to reshape the palladium market by redirecting demand to local producers, potentially boosting the region’s mining economy. [Source]
Energy Fuels’ Uranium Production Milestone
Energy Fuels has reported over 1 million pounds of low-cost U.S. uranium production for 2025, as well as increased uranium sales. The company is also advancing its heavy rare earth pilot production. This robust performance underscores Energy Fuels’ strategic positioning in the nuclear energy sector, with expectations for continued growth in 2026. [Source]
Cambria Launches Drilling Program in British Columbia
Cambria has embarked on a 27,000-meter resource upgrade drill program at its Premier gold mine project in British Columbia’s Golden Triangle. This initiative aims to enhance resource classification and potentially expand the mine’s production capacity. The region’s rich mineral deposits make it a focal point for gold exploration and development. [Source]
Newmont’s Strategic Investments in Argentina
In a bid to boost production, Newmont has announced plans to produce 5.3 million ounces of gold by 2026, with $800 million earmarked for strategic investments in Argentina. This move aligns with Newmont’s growth strategy, enhancing its footprint in Latin America and positioning the company for sustained output increases. [Source]
The mining sector continues to evolve with these significant developments, indicating a robust outlook for 2026. Investors and industry stakeholders should monitor these trends closely, as they may influence market dynamics and investment opportunities.
Editorial Note: This article is an independent analysis based on publicly available information and press releases. MineListings.com is not affiliated with the companies mentioned. The views expressed are those of our editorial team and do not represent the official position of any company discussed. For the most accurate and complete information, readers should refer to the original source materials and company filings.
