macro

SNM: Columbia work broadens upside case as Big Springs brings 1.01Moz of Nevada ore

TradingView reports SNM's Columbia drilling found broad, high-grade mineralisation beyond the pit shell, with a November resource update planned.

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what happened

According to TradingView, SNM said drilling at Columbia confirmed wide, high-grade mineralisation that extends past the pit shell. An updated mineral resource estimate for the area is targeted for November.

The company also completed the Big Springs acquisition in Nevada, which added a resource of 1.01 million ounces. Quarter-end cash stood at A$6.078 million.

why it matters

For investors in small miners, the key points are the upcoming resource update and the cash position. The news matters mainly to SNM shareholders and does not shift the broader market picture.

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instruments

SNM

sources

  1. SNM: Columbia drilling expands the growth case as Big Springs adds a 1.01Moz resource — TradingView, 28 October 2026 at 22:27 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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