Apollo Silver Corp.
Apollo Silver Corp. combines the Waterloo and Langtry silver properties into the Calico project, one of the largest undeveloped primary silver projects in the US. Waterloo alone carries a Measured & Indicated resource of 125 million oz silver (55Mt at 71 g/t Ag). The company initiated a Preliminary Economic Assessment for Calico in March 2026, alongside a 2026 program of geological mapping, IP/airborne magnetic surveys, and a 4,500-metre HQ core drill program supporting metallurgical and geotechnical work.
Notable vs. Peers
- Financials score of 10/10 is stronger than the peer average of 6.5/10.
- Jurisdiction risk score of 9/10 is meaningfully safer than the peer average of 6.9/10.
Lifecycle Milestones
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 the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
President and Chief Executive Officer of Apollo Silver Corp. A Chartered Professional Accountant with more than two decades of experience in senior executive roles across the global mining industry, delivering financial and operational excellence spanning operations globally. A permanent resident of Mexico.
Chief Financial Officer of Apollo Silver Corp. (CPA, CA) Over 13 years of experience in the finance and mining industry, having begun his career with PwC working with Canadian and U.S.-listed mining and exploration companies with operations across Asia, North America, South America and Europe. Has since held senior finance roles including Controller and Chief Financial Officer positions with publicly traded mining companies, where he has supported financial reporting, planning and capital markets activities and contributed to strong corporate governance practices.
Vice President, Commercial and Compliance, and Corporate Secretary of Apollo Silver Corp. (LLB) A seasoned governance and legal professional with over 14 years of experience in corporate and securities law, leading the company's compliance, governance and legal functions and ensuring adherence to public company obligations across North America. Previously served as Vice President, Compliance and Corporate Secretary at Maple Gold Mines Ltd., and before that as Corporate Secretary for two publicly traded companies listed in both Canada and the United States.
Director of Mineral Resources of Apollo Silver Corp. (M.Sc., P.Geo) With over 20 years' experience leading resource-focused technical programs and teams, brings extensive knowledge in mineral resource management to Apollo. Her experience ranges across the advanced stages of the resource development cycle through to mining; most recently she was Director, Mineral Resources at Stornoway Diamonds.
Senior Project Manager of Apollo Silver Corp. (B.Sc. (Spec), P.Geo) A seasoned geologist with over 35 years of experience in mining and exploration across Canada. Spent over two decades with BHP, playing a crucial role in developing Canada's first surface and underground diamond mine including the Fox, Panda, Misery and Koala kimberlite pipes at EKATI. Since 2011 has been instrumental in uranium exploration with Fission companies, contributing to major discoveries including the J-Zone, Triple-R deposit and F3 Uranium Corp's JR Zone in the Athabasca Basin. Brings expertise in project management, technical leadership and overseeing large exploration teams of 50+ personnel.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Three separate Apollo insiders bought stock on the open market during 2026 and none sold. Ross McElroy bought across six fills on 13 March at $3.74-$3.80, Andrew Bowering bought in both March and July, and Colin Sutherland accumulated steadily from 16 to 21 July at $2.46-$2.64 -- buying into a falling share price rather than a rising one. Separately, Eric Sprott, through a company he controls, is a confirmed 10.3% shareholder (6,188,889 shares and 3,888,889 warrants, approximately 15.8% partially diluted) as of the January 21, 2026 closing of a $25 million strategic financing he co-led alongside a fund managed by Jupiter Asset Management, which took an approximately 12.1% stake of its own in the same round.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Calico Silver Project (Waterloo + Langtry properties combined, San Bernardino County, California). Updated mineral resource estimate announced 4 Sep 2025 (effective 30 Jun 2025; Stantec Consulting Services Ltd., NI 43-101): Waterloo Measured+Indicated = 125 Moz Ag in 55 Mt at 71 g/t Ag (plus 130 Koz oxide Au, and a separate 36 Mt Indicated BaSO4/Zn resource not converted to ouncesFound), Waterloo Inferred = 0.51 Moz Ag. Langtry = 57 Moz Ag in 24 Mt at 73 g/t Ag, entirely in the Inferred category (no M+I at Langtry) -- excluded from ouncesFound per repo's M+I-only convention, though it is part of the combined ~182.5 Moz Ag Calico-wide inventory the company cites. ouncesFound therefore = Waterloo's 125 Moz Ag M+I only. PEA for the combined Calico project (SLR Consulting, Canada Ltd.) was initiated 18 Mar 2026 and is guided for completion in Q3 2026 -- no NPV/IRR/mine-life figures exist yet as of this pass; see the RESEARCHED_UNKNOWN MetricStatus rows on dcfNpvUsd/irrPct/mineLifeYears.