We are resuming coverage on Sonoro Gold, which owns the advanced-stage Cerro Caliche gold project and the pre–resource stage San Marcial gold–silver project in Mexico. The company plans to spin out San Marcial into a new publicly listed entity, with existing shareholders receiving free shares. Mexico’s mining sector is showing signs of recovery under President Sheinbaum, with 100 of 175 pending permits already approved, improving investor sentiment. Cerro Caliche is strategically located near op...
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