We could be getting an UPDATE at any time.
Wow - silver just touched 92.00 per ounce.
Thank you, MC, for sharing those pictures - and thank you for getting the camp/plant built!
Onwards and upwards!
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Long time MDMN holder. 25 plus years. Haven’t looked at this board in a couple years. Will Auryn ever distribute shares to MDMN holders? What is the latest on that?
MDMN, a Nevada entity, has recently been placed into a Receivership proceeding in Nevada.
We’re thinking the AUMC shares, after payment of any valid corporate debts, will then be distributed to shareholders of record. No estimate on time as of now.
Here’s the Receivership website:
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However, it appears that the deadline to file a Proof of Claim into the proceeding is coming up circa January 16, 2026, as it was 30 days from notice of the entry of the original order, which was December 18, 2025 (count 30 days from there).
EXCERPT FROM ORDER:
TOP PART OF THE NOTICE OF ENTRY OF ORDER (shows date of filing - entry was probably the same day):
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I predicted a price target of 5.00 by April. BE said that there is no way (something like I was in la la land) with his smart remarks so his post was deleted. Well I will give an example of why some people think they know everything but in reality they know squat.
VZLA Vizsla Silver is not currently a full-scale production miner; they are a developer focused on bringing their Panuco silver-gold project in Mexico to production, targeting initial output for the second half of 2027, though they are actively test mining and advancing development now. They are positioning themselves to become a major primary silver producer, with strong feasibility study results and ongoing exploration to expand resources.
So this Silver miner has 344 million shares outstanding and a market cap of 2.5 billion and NOT a producer and trading at 5.92 as of today! So where does Auryn stand? La la land here we come!!
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and DOGE has a market cap of $25B!
I think AUMC and DOGE might have more in common vs. AUMC and VZLA
That’s it Guy’s, stay focused… No more personal issues… We’ve said it for the last time.
Enjoy everyone’s input towards our stock and the mountain… we’re all over the back and forth..
Done …no more.
Thanks GC….
Yes, that’s good. I’ve been hoping for the same.
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You are comparing apples with oranges. If I decided to go along with your fundamentals my stocks would not be over 400% today.
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“Every time we bring up the subject that penny stocks sometimes run with no fundamentals BE just finds a way to be negative on MDMN. MDMN has some value although we don’t know exactly how much value. What do you think about DOGE BE? Please show me the fundamentals on this stock where it ran from .00018 to .57 and now trading at .13.”
Here you are three years ago. Hulk, I’m happy that you have some stocks with poor fundamentals that have gone up 400%. I’m sure Buffett could learn a things or two.
However, I do agree, comparing AUMC and VZLA is like apples to oranges.
Well, whatya know, they’re mining graphite in upstate NY now.
And, if I’m not mistaken, it looks like they’re using a froth flotation method, with 95-99% concentrate floating to the top?
Amazing what one can learn hanging around the right people.
Many thanks to Brecciaboy for the education.
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January 2026 – Shareholder Update
Jan 16, 2026
AURYN Mining Corporation Shareholder Update
AURYN Mining Corporation (OTC: AUMC) is committed to keeping shareholdersi nformed about our progress and strategic priorities. As we enter Q1 2026, the following update summarizes key developments across mining, exploration, and construction activities since our October 2025 update.
HIGHLIGHTS
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January 8, 2026 – First official blast completed in the Northwest drift at Fortuna, marking the transition into ore production.
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December 2, 2025 – Successful connection of the 1847 level to the 1913 level, improving ventilation, access, efficiency, and underground safety.
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Permitting – Exploitation permit application submitted to SERNAGEOMIN (Servicio Nacional de Geología y Minería), Chile’s mining authority, to increase Fortuna capacity to 3,000 tonnes per month – currently authorized up to 1,000 tonnes per month.
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Plant construction – Target completion January 30, 2026, in preparation for commissioning, with major work fronts progressing in parallel.
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Stockpiles – Approximately 13,000 tonnes prepared and being transported for start-up, supported by total on-site stockpiles estimated to exceed 60,000 tonnes.
ACCOMPLISHMENTS
Operations and Plan Development
Fortuna Project
Since October, development work at the Fortuna Project has continued to advance. On December 2, 2025, mining activities successfully connected the lower 1847 level with the upper 1913 level, representing a significant milestone for the project. This connection improves ventilation, access, and overall operational efficiency while enhancing safety conditions underground. Despite encountering localized structural complexity, including faulting and vein variability, the primary Fortuna vein has been successfully reached and is now available for exploitation. Mine development has continued with the preparation ofaccumulation chambers and advancement of bypass development, positioning the operation to support sustained ore production.
On January 2, 2026, mine development on the 1847 level reached the vein. On January 8, 2026, the first official blast was completed in the Northwest drift, marking the transition into ore production. To date, approximately 150 tonnes of ore have been stockpiled on surface, with mining activities continuing to expand the mineralized block.
Permitting – Exploitation Permit (Fortuna)
At the end of 2025, Auryn submitted an application to Chile’s mining authority (SERNAGEOMIN) for a new exploitation permit to increase Fortuna’s authorized production capacity to 3,000 tonnes per month. Based on standard regulatory timelines, approval is anticipated in Q3 2026. Until approval is received, Fortuna will continue to operate under its current authorization of up to 1,000 tonnes per month.
Caren Project
Geological evaluation and technical review of the Caren Project continue. Caren is expected to become an important source of mineralized feed for the flotation plant as production capacity increases toward the 3,000 tonnes per month level and beyond. Further updates will be provided as permitting and development activities advance.
Stockpiles and Commissioning Strategy
Stockpile evaluation and sampling activities have continued. Approximately 13,000 tonnes of ore are prepared and currently being transported to the plant’s ore stockpile area for use during initial start-up. Total on-site stockpiles are estimated to exceed 60,000 tonnes, providing operational flexibility during ramp-up.
The commissioning strategy remains unchanged. Lower-grade material will be processed during the initial commissioning period (approximately 30 to 45 days) to fine-tune plant performance and recovery parameters before transitioning to higher- grade feed from active mining operations.
Mineral Flotation Plant & Supporting Infrastructure
Construction of the Mineral Flotation Plant has progressed steadily since October
2025, with all major work fronts advancing in parallel:
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Civil works: ~97% complete
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Mechanical assembly: ~88% complete• Electrical installation: ~65% complete
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Tailings Storage Facility: ~22% complete
Key milestones:
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Main Warehouse: Completed and operational
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Tailings Facility: Construction commenced on January 4, 2026, aligned with plant start-up requirements
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Target plant completion: January 30, 2026, in preparation for commissioning
Permitting – Plant and Tailings Operating Permits
Final operating permits for the flotation plant and tailings facility remain pending. Permitting timelines were impacted by a cybersecurity incident affecting the regulator’s systems, and Auryn has maintained close coordination with SERNAGEOMIN throughout this period. All technical inquiries and information requests have been fully addressed. The Company expects to receive both operating permits in Q1 2026 and will issue an official announcement upon receipt.
Note: The exploitation permit application for expanded Fortuna mining capacity and the operating permits for the flotation plant and tailings facility are separate regulatory processes and are being advanced in parallel.
OUTLOOK
With mine development, plant construction, and tailings infrastructure advancing in parallel, the Fortuna Project continues to move toward initial operations. The combination of available stockpiles, ongoing mine development, and a phased commissioning strategy provides a solid foundation for a controlled and efficient start-up in early 2026.
Near-term focus areas include:
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Receipt of the final operating permits for the flotation plant and tailings facility, followed by an official announcement
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Completion of remaining plant construction activities toward the January 30, 2026, target, in preparation for commissioning
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Continued development and production advancement at Fortuna withi current authorized tonnage limits
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Ongoing progress through the review process for the Fortuna exploitation permit application
STAY CONNECTED
For further details and to receive updates by email, please visit our website and subscribe to notifications. We appreciate your continued support and confidence in AURYN Mining Corporation.
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements within the meaning of the United States Securities Exchange Act of 1934, as amended. This forward-looking information includes, or may be based upon estimates, forecasts and statements of management’s expectations with respect to, among other things, the completion oftransactions, the issuance of permits, the size and quality of mineral resources, futuretrends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining or milling charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially and substantially from those anticipated in such statements. Mineral resources that arenot mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
CONTACT INFORMATION
Auryn Mining Corporation
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Wow, 6 hours and no commentary!
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No surprises, the company is moving forward, which I think everybody expected.
I think Chile just elected a president that is a bit more friendly toward mining too - so that might help.
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Best update in along time. My 5.00 PT might become a reality by April after all!
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On January 2, 2026, mine development on the 1847 level reached the vein. On January 8, 2026, the first official blast was completed in the Northwest drift, marking the transition into ore production. To date, approximately 150 tonnes of ore have been stockpiled on surface, with mining activities continuing to expand the mineralized block.
It would of been nice if they released it Monday morning.
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There’s that 60k stockpile mentioned again. MC has some big cajones to keep publicizing that figure knowing its 95% barren rock.
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It’s odd you keep saying this. He claimed to be imminent production/shipments to Enami with imminent cash flows for several years, did a u turn based on “refractory rock” (which is comical if you know anything about mining) and received nothing my praise from his loyal fan base.
It’s clear that the “stockpile” has not been assayed but rather “evaluated and sampled” so there’s no gun to his head on accuracy. I’d be shocked if they had already built the lab given mention of the same. Why would they reference a basic Wearhouse and not a lab?
It’s pretty nuts that they are still waiting on permits for the plant. I’ve never seen a plant built before reciebi g permits but a) maybe it’s small enough where it’s worth the risk and b) AUMC like to break that “mold”, why change now .
Otherwise it’s a pretty encouraging update. Based on the pictures I can’t believe they will be ready for commissioning but I guess it’s a moot point until they have permit . Believe it or not, I’m just excited as any shareholder to see this thing finally launch! I don’t think there is any scenario that would be “worth the wait” but who cares at this point. Hulk has issued a price target of $5. Proceed accordingly!