Silver Mountain Resources Inc.
Silver Mountain Resources is restarting its 100%-owned, past-producing, polymetallic Reliquias mine in Peru's Huancavelica region. Commissioning with low-grade ore began in early July 2026, and the company produced its first bulk and zinc concentrates in mid-September 2026 from about 45,000 tonnes of stockpiled material, with concentrate shipments expected to begin in October 2026. The company reports it is fully funded for the restart with a treasury of over US$30 million.
Notable vs. Peers
- Financials score of 9.4/10 is stronger than the peer average of 7/10.
- All-in sustaining cost of $17.00/oz AgEq is 54% lower than the peer producer average of $37.34/oz AgEq.
Lifecycle Milestones
Construction Milestones
4 of 5 reachedMilestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Jurisdiction (40%)6/10
Peru has an established mining code and deep exploration history, but repeated presidential turnover and periodic community/social conflict around mine sites create real permitting/operational risk.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Reliquias Silver-Polymetallic Mine, Huancavelica, Peru.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:7/10
Stage: Construction
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:6/10
Peru: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chief Executive Officer of Silver Mountain Resources Inc. (TSX: AGMR), a silver mining company whose stated goal is "to become a premier silver mining exploration company and leading producer of silver".
Chief Operating Officer of Silver Mountain Resources Inc. (TSX: AGMR).
Chief Financial Officer of Torq Resources Inc. (TSXV: TORQ), and concurrently CFO of Tectonic Metals Inc. and of Silver Mountain Resources Inc. Managing partner at Invictus Accounting Group LLP in Vancouver, which he founded. CPA, CA, with over a decade of financial advisory and executive experience across the mining, natural resources, technology, real estate and cannabis sectors; previously with Deloitte, where he earned his CPA credentials, and Walsh King Chartered Accountants. Source: torqresources.com/corporate/management/.
Director of Finance of Silver Mountain Resources Inc. (TSX: AGMR).
Operations Director of Silver Mountain Resources Inc. (TSX: AGMR).
Legal Manager and Company Representative of Silver Mountain Resources Inc. (TSX: AGMR).
Vice President of Technical Services of Silver Mountain Resources Inc. (TSX: AGMR).
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No producer, specialist resource fund, or on-market insider buying was found for Silver Mountain Resources. Directors participated in a November 2025 bought-deal financing alongside the underwriters, but that is offering participation, not a secondary-market purchase.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Silver Mountain Resources owns 100% of the past-producing Reliquias underground silver-polymetallic mine and the Caudalosa plant in Peru's Huancavelica region, which Peru's Ministry of Energy and Mines classified as active operations in December 2024, clearing the way for a restart. Commissioning with low-grade ore began in early July 2026, and on 21 September 2026 the company announced first concentrate production at Reliquias. Measured and indicated resources contain 5,570,527 oz of silver (1,163,621 oz measured and 4,406,906 oz indicated), plus 7,015,501 oz inferred, in a statement effective 1 May 2024, alongside gold, zinc, lead and copper. The May 2024 preliminary economic assessment shows an after-tax NPV5% of US$63.0M (CAD 85M) and a 51% IRR at US$24/oz silver, with initial capital of US$24.8M, a 9-year mine life and an all-in sustaining cost of US$17 per silver-equivalent ounce.