I believe he is referencing the panels at the booth at PDAC. See photo above with no people in it.
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The Auryn Mining Group display - 3 panel display - at PDAC - This picture: Auryn/Medinah 2026 1st half General Discussion - #381 by cornhuskergold
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As a reminder of where production may be headed in the next year or two:
An experimental batch from the DL2 vein processed at Enami’s smelting facilities yielded exceptionally high values:
• Gold: 5 7 grams per tonne (gpt ).
• Silver: 9 7 8 gpt .
• Copper: 3 . 2 3 % .
Shareholders should know: Robert Mayne-Nicholls, General Manager of Auryn Mining Chile is a seasoned mining engineer with over 30 years of experience in both public and private sectors. His career includes several high-profile leadership positions:
*Former Executive Vice President of Empresa Nacional deMinería (ENAMI), the Chilean state-owned mining development corporation.
*Private Sector Leadership:General Manager of Minera Los Pelambres and leader of the Twin Metals project for Antofagasta PLC.
*Director of Operations for South America at Barrick Gold Corporation.
*Executive roles at CODELCO, SQM, and Compañía Minera Doña Inés de Collahuasi.
I find this is beginning to look exceptionally interesting for the future of the company.
EM
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Yeah, and weren’t the Enami figures REDUCED to compensate Enami for processing that WE are now going to do?
If things progress without any hitches, the earnings per share (EPS) figure is gonna look pretty good - and we won’t mind for one minute about any dilution we’ve experienced in the past as it will be more profitable than other mining juniors by a LONG shot. Probably nothing.
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Some AMNP news. Note that Medinah now owns about 0.79% of AMNP after the new share count. One thing that jumps out at me is that there is still 55% of EGM Columbia privately held. Will MC do something with the other 55%?
American Sierra Gold Corp. Acquires 45% Stake in EGM Colombia S.A.S., Enhancing Portfolio with Producing Gold and Silver Asset in the Antioquia Region of Colombia Indianapolis, Indiana –
March 10, 2026 – American Sierra Gold Corp. (OTC: AMNP), a precious metals acquisition, exploration, and development company, announces the acquisition of a 45% interest in EGM Colombia S.A.S., a producing gold and silver mining asset located in the Antioquia region of Colombia. This strategic move bolsters American Sierra’s presence in South America and positions the company to capitalize on rising demand for precious metals.
EGM Colombia S.A.S., headquartered in Medellín, Colombia, operates in the gold ore and silver ore mining sector and has demonstrated strong operational performance since its establishment in 2022. The asset is projected to achieve production of 20,000 ounces of gold and 30,000 ounces of silver for the full calendar year of 2026, underscoring its potential as a high-value contributor to American Sierra’s growth strategy.
In addition to this acquisition, American Sierra continues to advance its 100%-owned Princesa Lara project in Chile. The project is currently under construction and is on track to commence production in late 2026, with an expected annual output of 12,000 ounces of gold. This development further strengthens the company’s pipeline of near-term production growth and geographic diversification across South America.
“This acquisition represents a pivotal step in our expansion into key mining jurisdictions in Latin America,” said Mark Dingley, Chairman of the Board of American Sierra Gold Corp. “EGM Colombia’s established production capabilities and promising output projections align perfectly with our focus on acquiring assets that deliver immediate value and long-term upside. Combined with the progress at our Princesa Lara project in Chile, we are building a robust and diversified production base. We look forward to collaborating with the EGM team to optimize operations and drive sustainable growth across our portfolio.
” American Sierra Gold Corp. has acquired a 45% interest in EGM Colombia S.A.S. through a combination of seller financing and equity consideration of 450 million common shares to the owner. The acquisition is expected to enhance American Sierra’s diversified portfolio, which already includes interests in precious metal properties across South America.
American Sierra remains committed to responsible mining practices, community engagement, and environmental stewardship in all its operations. American Sierra is a precious metal mineral acquisition, exploration, and development company focused on gold and silver assets. The company actively pursues opportunities in mineral-rich regions to build shareholder value. For more information, visit www.americansierragold.com. Submitted on behalf of the Board of Directors.
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How is ownership of ANMP affected with mdmn being in receivership? Is this an asset that could be used to pay debtors instead of AUMC?
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Its a bit of a shell game. Maurizio has had ambitions to reverse merge the Columbian assets for many years. Its a cheaper, faster option vs. a listing but the downside is liquidity. When you look at the volume over the past two days (under 1000 shares) it give you a sense of how many parties are involved/following/interested (basically zero). Post a transaction like this there is typically a surge in volume as various investors reposition themselves. This is not necessarily a reflection of the attractiveness of the asset but you would have hoped there would be more interest given the small, producing, Columbian asset. For now, its basically paper share swapping as a means to bring companies out of the private market. AUMC is no different. No volume, no price discovery. There is a downside to exremely concentrated, inside ownership, with small floats despite volumes of posts here arguing contrary. Its great to be public but if the volume doesn’t support an exit there’s not much diffference from being private. AMNP’s acquisition of the remainder of EGM is an inevitability.
MGold. Do you find the reference to the Pricesa Lara project as a bit odd? I’d have to go through the AMNP filings but the “development” and late 2026 production seem to come out of thin air. “Under construction” of what? Did Maurizio bank roll this effort as well? What “development” has taken place? Did they widen the old workings tunnel? There is no record of this asset developing. The term “development” tends to come up a lot when it comes to projects discussed on this board. There seems to be a VERY liberal use of the words vs. industry standards.
Not a big deal when a stock is trading at a shell market cap ($10-$20M) but AMNP has been supporting a $100M market cap since its recent move. Why go public while continuing to behave like a private co (no volume, no disclosure, baseline financial disclosures). Interesting to watch the games being played in penny stock land.
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Where’s the volume at from the conference?
Mr. Baldy,
I don’t know especially since I had quite forgotten about AMNP.
There isn’t much beyond what is in their new release about the Pricesa Lara claims. If you use the online claim concession viewer tool(scroll to the plateau area NE of the Alto plateau along the same ridge of mtns), it appears that MC acquired those claims in 2015. It is quite possible that he has been quietly developing those claims and only recently decided to go public with them.
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Why did they have to go to the conference if they’re set up to mine?
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The first six months are often the most difficult as they optimize the mill. Patience is required. Volume will pick up as results become “news.”
EM
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If you are talking about PDAC, then the answer is :
Exposure.
Possibly the most attended mining conference in the world (haven’t done any research on this) BUT from the largest mining companies to some of the smallest (with almost no budget to afford air fare , attendance costs, hotels, etc.) ,Every mining company wants to attend.
This is where you meet execs, geologists, major investors, etc.
Rod
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Can’t do All or None any more via my broker
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Some of the local environmentalists are concerned about the Auryn’s mining project; in particular the large area that is the tailings storage facility:
Some comments:
Impact of the Auryn Mining Company
: “The damage caused by the Auryn mining company is now visible in satellite images. Yesterday impacts our community. Our water. The Puangue River. Our future.
We need to mobilize.
Image from March 8th by Copernicus.”
“I have a satellite image, it’s not very good quality and it’s only a couple of days old, and I can estimate the large patch at 10.3 hectares, a perimeter of 1283 meters and a length of approximately 512 meters.”
“The owners should file a lawsuit for environmental and archaeological damage.”
Sounds like BS Les would have come up with. Is this the next new set back.
Like anywhere, Environmentalists generally lose to miners. In this case, they miss took a regulated tailing storage facility for an open pit mine.
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Hi Mike,
As you know, Auryn’s “dry-stack tailings storage facility” with a “HDPE” (High Density Polyethylene) Liner represents the ultimate environmentally safe way to store tailings. Before the tailings are sent to the dry stack TSF, the water is recycled back to the operations using that gigantic “press” you saw pictures of during construction. The other way of doing this via “tailings ponds” risks the breaching of the earthen walls of the pond via earthquakes and the possible leakage of the liquid contents.
“SERNAGEOMIN” which is Chile’s regulatory authority, actually engaged Auryn to give “workshops” on environmental protection issues to mining firms in Chile. Maurizio invented the best-selling software to help mining firms gain compliance with the environmental issues.
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Could this be why they haven’t gotten their full permits?
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Hi DD,
The dry-stack tailings storage facility and the froth flotation plant are already “fully permitted”. The DL2 Vein is permitted up to 1,000 TPM. They already have over 60,000 Tonnes on-site mined, stockpiled, and a lot of that already sorted by grade. They have plenty to do as it stands right now. They are awaiting the permitting of 2 new operational sites at the DL2 Vein at the “1,913 site”. This will add 2,000 more Tonnes per month. The 66-meter vertical “ore pass” or “ore bypass” leading to the “1,913 site” is completed and they have already completed the first blast of ore there. At the Caren Mine (Merlin 1 Vein), they are awaiting permitting for another 2,000 Tonnes per month.
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