Minaurum Silver Inc.
Minaurum Silver Inc. (renamed from Minaurum Gold Inc., December 2025) holds 100% of the ~37,928-hectare Alamos silver project in southern Sonora, Mexico, the only recently permitted silver discovery in the country, carrying an initial Inferred resource of 55 million oz silver-equivalent at 320 g/t AgEq. A 50,000-metre, six-rig core drilling campaign launched in December 2025 targets the Europa, Promontorio and Travesia vein zones, and the company has engaged SGS to update the resource estimate incorporating the new drilling, expected later in 2026.
Notable vs. Peers
- Trading within 3% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)6/10
Sonora is an established, high-volume Mexican mining state, but 2023 federal mining-law reform and regional security considerations add real policy risk versus top-tier jurisdictions.
Infrastructure (40%)6.4/10
Confirmed road access at Alamos Silver Project, Sonora, Mexico; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Palmarejo (Coeur Mining, Inc.), 64 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
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:4.5/10
Nearest producing mine: Palmarejo (Coeur Mining, Inc.), 64 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:6/10
Mexico: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% 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% · 9% 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
Co-founder, Senior Geologist and Advisor of Minaurum Silver Inc. and a member of its Technical Committee, and Senior Technical Advisor of Barksdale Resources Corp. (Ph.D., C.P.G.). Co-Founder and Chief Exploration Officer of MAG Silver Corp. (1999-2024). Received his doctorate from the University of Arizona and has more than 40 years of experience exploring for silver and gold in Mexico. A Certified Professional Geologist by the American Institute of Professional Geologists and an Arizona Registered Professional Geologist. Discovered MAG Silver's Juanicipio silver deposit (a joint venture with Mexican producer Fresnillo Plc), MAG Silver's Cinco de Mayo project, and new ore bodies at Excellon Resources' Platosa Mine. President of IMDEX/Cascabel and co-founder of Minera Cascabel. The author of numerous scientific publications on ore deposits and a frequent speaker at academic and international exploration conferences, he was awarded the 2017 Thayer Lindsley Award for the 2003 discovery of the Juanicipio silver deposit in the Fresnillo District.
President, Chief Executive Officer and Director of Minaurum Silver Inc. (BBA) Responsible for the company's corporate development, marketing and financing. Having directly raised over $150 million for mineral exploration and development, he has significant contacts with institutional investors and bankers. The founder of Defiance Silver Corp., an advanced Mexican silver explorer, he previously served as Manager of Corporate Development for an international drilling company, overseeing its growth from three drill rigs to over eighty, and at IMPACT Silver Corp., which was transformed from a grassroots silver explorer into a profitable silver miner. Holds a Bachelor of Business Administration (Finance) from Simon Fraser University and a Diploma in Prospecting from BCIT.
Vice President Exploration of Minaurum Silver Inc. (M.S., C.P.G.) Received an A.B. from Dartmouth College with a major in Earth Sciences in 1978 and an M.S. in Geology from the University of New Mexico in 1986. His professional experience spans more than 45 years of precious-metal exploration primarily in Latin America and includes geological mapping and sampling, target identification, district-wide studies, supervision of drill programs and project management. Was instrumental in the discovery of the Cerro de San Pedro gold deposit with Metallica Resources and the Efemcukuru gold deposit in Turkey with Tuprag Metal Madencilik. A certified Professional Geologist by the American Institute of Professional Geologists.
Senior Project Manager for the Alamos Silver Project of Minaurum Silver Inc. (B.Sc. Geology) Brings a track record in Mexican silver exploration, most recently serving as a Senior Resource Modeler for SilverCrest Metals' Las Chispas silver-gold deposit, later acquired by Coeur Mining for $1.7 billion. He and his team have been involved in exploration programs from grassroots discovery to mining totaling more than 500,000 metres of drilling, contributing directly to the development of major silver-gold deposits including Las Chispas and Santa Elena. At SilverCrest Metals he played a critical role in drill-target generation, resource modeling and geological interpretation before being elevated to Prospects Manager overseeing all Mexican operations. Holds a Bachelor of Science in Geology from the University of Sonora, Hermosillo.
Chief Financial Officer of Minaurum Silver Inc.; also Chief Financial Officer of Cascadia Minerals Ltd. and Group Eleven Resources Corp. (CPA, BCom) A member of the Chartered Professional Accountants of British Columbia who has focused her career in the resource and pharmaceutical industries. Has served as CFO and was the controller of several public exploration companies with projects throughout the world, including over 10 years as controller of Minaurum. In addition to her experience with junior resource companies she worked at Teck Resources Ltd. as a SOX Auditor, and prior to Teck worked for Deloitte & Touche LLP's Vancouver Assurance & Advisory group, focusing on audits of public mining and resource companies. Earned a Bachelor of Commerce from the University of British Columbia.
Investor Relations and Corporate Development Manager of Minaurum Silver Inc. (BBA) 19 years of experience, responsible for the company's investor relations and corporate development including financing and the execution of marketing programs to expand the retail and institutional shareholder audience.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Minaurum's shareholder base includes an unusually long list of named precious-metals-focused funds (Sprott, US Global Investors, Pala Investments, and others), but each individually appears to hold only a small stake -- the one we could confirm precisely, Sprott Asset Management, holds just 2.4%. No operating producer or insider buying was found.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Minaurum Silver, renamed from Minaurum Gold in December 2025, holds 100% of the Alamos silver project, about 37,928 hectares in southern Sonora, Mexico, which it describes as the only recently permitted silver discovery in the country. Its initial resource, effective 8 January 2026, is entirely inferred: 5.37 Mt at 320 g/t silver-equivalent for 55.2 Moz AgEq, including 34.8 Moz of silver along with gold, copper, lead and zinc. A six-rig, 50,000 m drill program launched in December 2025 is testing the Europa, Promontorio and Travesia vein zones, with results including 5.95 m at 1,117 g/t AgEq in hole AL26-215 at the Quintera vein, and SGS was engaged in July 2026 to update the resource estimate in the second half of 2026.