Mining Restart in Mexico | RCTV In Conversation with Silver Storm Mining Ltd.

Why It Matters

The near-term restart materially de-risks Silver Storm by transitioning it to production, potentially unlocking significant primary silver output and value for investors; strong financing, offtake support and encouraging drill results also position the company for resource growth.

Summary

Silver Storm Mining says it will restart its La Preciosa silver mine in Mexico this quarter after completing major plant and mine rehabilitation, including ordering long-lead flotation cells to expand the sulfide circuit and rebuilding the lab and crushing circuits. The company has ramped personnel from about 40 to over 400 and mobilized contractors for mining while advancing a 6,000m (with follow-up) drill program that has returned high-grade intercepts, including 473 g Ag-equivalent over 3.6m. Financing is in place: roughly $21 million cash on hand, $43 million of in‑the‑money warrants, plus prior draws from a Samsung off-take facility and a Red Cloud financing, which management says fully fund the restart. Senior hires with extensive mining and technical experience have been added to support operations and exploration across a large vein-rich land package.

Original Description

Greg McKenzie, President & CEO of Silver Storm Mining, joined Mark Bunting on a recent RCTV to discuss the company's plans for a planned Q2 restart of operations at the La Parilla mine in Mexico.

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