Unearthing Hidden Opportunity
Stock Code:
TSXV:SVRS, OTCQB:SVRSF, FSE:SVR
Company Exposure:
Silver
Project Locations:
Mexico
Silver Storm Mining Ltd. is focused on advanced stage silver projects located in Durango, Mexico. Silver Storm recently completed the acquisition of the La Parrilla Silver Mine Complex, a prolific complex which is comprised of five underground mines and a past producing open pit that collectively produced 34.3M silver-equivalent ounces between 2005 and 2019. Infrastructure also includes a 2,000tpd mill.
The company also holds 100% of the San Diego Project which is among the largest undeveloped silver assets in Mexico. To date, over 33,000m of surface diamond drilling have been completed on the property. The San Diego resource includes 55.5Moz Ag Eq of indicated and 155.3Moz Ag Eq of inferred.
Investment Highlights
- Near-Term Restart Opportunity
– Mid-2025 target to restart mining at the past- producing La Parrilla Silver Mine Complex
– Produced over 34 Moz Ag.Eq between 2006 and 2019 - Excellent In-Place Infrastructure
– ~US$150 M of in-place infrastructure including a 2,000 tpd mill and partial mining fleet
– Fully permitted for production
– Modest restart capital requirements - Significant Re-Rate Potential
– Drill program underway at La Parrilla to grow mineral resource base near developed areas
– Q4 2024 technical studies an mine plan to support future restart of mining and processing activities
– Significantly undervalued compared to peers - Further Upside Optionality
– San Diego is one of the largest undeveloped silver projects in Mexico
– Investigating potential milling synergies with La Parrilla
– Regional exploration work at La Parrilla
