Today's press release:
Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTCQX: SVRSF | FSE: SVR), is pleased to report that all eight new flotation cells have been fabricated and delivered to site at the Company’s 100% owned La Parrilla Silver Mine Complex (the “La Parrilla Complex”) in Durango, Mexico.
The installation of the new 1,000 ft flotation cells, when combined with the existing processing equipment, will allow the processing capacity of the sulphide flotation circuit at the La Parrilla Complex to be expanded from 1,000 tpd to 1,250 tpd. Two of the new cells have already been installed, with the remaining six cells slated for installation during the first quarter of 2026.
Greg McKenzie, President and CEO, commented, “The installation of the new flotation cells and the subsequent expansion of the sulphide flotation circuit at La Parrilla represent an important step toward the potential restart of operations in the second quarter of 2026. The expansion of the sulphide circuit aligns with the sulphide-dominant nature of the La Parrilla mineral resource.”
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Silver Storm has a 2-year agreement with Samsung, which will be buying 100% of the silver produced from the La Parrilla Complex. On our January 12 webinar (replay link on the EPG website), Greg McKenzie told us that Silver Storm expects to be selling silver by mid-Q2.
Silver Storm Mining Ltd. (SVRS.V) Update - Feb 3
Silver Storm Mining Ltd. (SVRS.V) Update - Feb 3
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Silver Storm Mining Ltd. (SVRS.V) Update - Feb 3
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. Silver Storm is committed to advancing toward a potential near-term restart of its 100% owned La Parrilla Silver Mine Complex, a prolific operation comprised of a 2,000 tpd mill and three underground mines. The Company also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver assets in Mexico. For more information regarding the Company and its projects, please visit our website at www.silverstorm.ca.
The front month NYMEX contact for silver has pulled back to about $88/oz.
Silver Storm expects that their all in cash cost will be under $30/oz once the La Parrilla Silver Mine Complex is fully operational. That should happen in Q3 2026.
Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. Silver Storm is committed to advancing toward a potential near-term restart of its 100% owned La Parrilla Silver Mine Complex, a prolific operation comprised of a 2,000 tpd mill and three underground mines. The Company also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver assets in Mexico. For more information regarding the Company and its projects, please visit our website at www.silverstorm.ca.
The front month NYMEX contact for silver has pulled back to about $88/oz.
Silver Storm expects that their all in cash cost will be under $30/oz once the La Parrilla Silver Mine Complex is fully operational. That should happen in Q3 2026.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group