Sonoro Gold Corp.

Description

Sonoro Gold Corp. is a Mexico-focused gold developer with two properties in Sonora. Its flagship Cerro Caliche project is in final environmental permitting for a proposed open-pit, heap-leach mine. In 2026, the Cerro Caliche project footprint expanded to 8,215 hectares, together with a potential 51% interest in an additional 454 hectares. The company's secondary San Marcial property is an early-stage gold-silver exploration project held through Oronos Gold. At June 30, 2026, Sonoro reported C$12.28M in cash and C$10.69M in working capital.The investment case centers on a low-strip, contract-mined development project with substantial untested exploration ground. The 2026 PEA models a 10-year operation at 12,000 tpd in year one and 16,000 tpd thereafter, with average annual production of approximately 46,000 AuEq ounces. At US$3,500/oz gold and US$48/oz silver, the study reports an after-tax NPV8 of US$224M, a 50% IRR, a 1.7-year payback period, US$83M initial capex and US$1,902/oz AISC. Only approximately 30% of the known mineralized zones on the original property were included in the study.

List of Projects:

Project 1: Cerro Caliche – Core Development Area
Sonora, Mexico — Gold with silver by-product. 100%-owned flagship project in final MIA permitting, with a PEA-stage 12,000–16,000 tpd heap-leach plan and an M&I resource of 644 koz AuEq plus 97 koz Inferred.

Project 2: Cerro Caliche – Expansion Concessions
Sonora, Mexico — Gold-focused exploration and development optionality. The 2026 consolidation expanded Cerro Caliche to 8,215 hectares plus a potential 51% interest in another 454 hectares. A 50,000 m drilling program is testing infill, extensions and newly acquired ground.

Project 3: San Marcial
Sonora, Mexico — Gold and silver. Early-stage exploration project held through Oronos Gold. The proposed spin-out remains incomplete, with a June 2026 carrying value of C$0.354M.

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