Outcrop Silver & Gold Corporation
Outcrop Silver & Gold's 100%-owned Santa Ana project in Tolima, Colombia is one of the world's highest-grade undeveloped primary silver districts, with a resource of roughly 37 million ounces of silver as of early 2026; four drill rigs are expanding the deposit ahead of a planned mineral resource estimate update and the company's first Preliminary Economic Assessment later in 2026.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)6/10
Colombia carries moderate Latin American mining-sector and regional security risk, though Outcrop's Tolima operating area is an established, historically mining-friendly district.
Infrastructure (40%)6.4/10
Confirmed road access at Santa Ana Project, Tolima, Colombia; 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 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: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% · 57% here - JurisdictionSub-score:6/10
Colombia: 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
Director of StrikePoint Gold Inc. (TSXV: SKP); also Executive Chairman of Outcrop Silver & Gold Corporation, President & Chief Executive Officer of Copper Giant Resources Corp. and a director of Bullfrog Gold Corporation. A mining engineer with over 20-25 years of mining experience, primarily in South America, advancing projects from exploration and feasibility through construction and operations. Previously served as senior vice-president and country manager of Corriente Resources in Ecuador, involved in the operations leading to that company's $690-million sale. Other experience includes roles at Washington Group, AMAK Mining and Soma Gold. Formerly CEO of Outcrop Silver & Gold. Brings project management, strategic management and technical expertise to the board.
Board & Executive Advisor, Corporate Strategy to Canstar Resources Inc. (TSXV: ROX), and Chief Executive Officer and a Director of Outcrop Silver & Gold Corporation. P.Eng., CFA. Over 20 years of experience in corporate development, equity research and institutional sales and trading, having worked as a sell-side research analyst, as a desk analyst at TD Securities and as head of the sales and trading desk at a Toronto boutique brokerage. Has served as a Director of AbraSilver Resource Corp. since 2018 and was its Chairman until September 2025, during which time that company advanced its flagship Diablillos asset in Argentina into one of the leading primary silver development projects globally. Sources: canstarresources.com/corporate/management-directors/ and Outcrop Silver's own disclosure.
Chief Financial Officer of iMetal Resources Inc. (TSXV: IMR), appointed as announced 31 August 2026; also Chief Financial Officer of Riverside Resources Inc., Capitan Silver Corp., Outcrop Silver & Gold Corporation, Blue Jay Gold Corp., Bullfrog Gold Corporation, Electric Royalties Ltd and ValOre Metals Corp. CPA, CA and CFA charterholder with more than 25 years of experience in accounting and corporate compliance, corporate finance, and merchant and commercial banking, including the past 18 years as a senior officer and director of a number of TSX Venture Exchange-listed issuers. During that time has helped raise more than $250 million in equity, with extensive experience in initial public offerings, reverse takeovers, corporate restructurings, mergers and acquisitions and cost-effective operations management. Founder and President of Corex Management Inc. Current and past management positions include Capitan Silver Corp. (TSXV: CAPT), Blue Jay Gold Corp. (TSXV: JAY), Riverside Resources Inc. (TSXV: RRI), Outcrop Silver & Gold Corporation, Electric Royalties Ltd, Bullfrog Gold Corporation and Great Bear Resources Ltd. (acquired by Kinross Gold Corporation in 2022 for approximately C$1.8 billion).
Vice President Exploration of Outcrop Silver & Gold Corporation. An accomplished geologist with extensive experience in Colombia and internationally, spanning exploration, mining, and the evaluation and valuation of mineral projects, bringing more than 20 years of experience to the role. Most recently served as Vice President of Exploration at Sun Valley Investments in Colombia, evaluating hundreds of mineral projects across the full development spectrum including management of operating mines. Prior to that he held the position of Technical Team Leader with the Colombian Ministry of Mines and Energy, where he designed Colombia's national framework for resource company engagement with local and ethnic communities, now adopted as a national standard, and was Corporate Development Director at Mineros S.A., playing a key role in the acquisition of Hemco in Nicaragua. Earlier in his career he worked as a geologist with Batero Gold, AngloGold Ashanti and Greystar Resources, and has served as Mine and Exploration Manager for small-scale gold producers. Holds a Master's in Applied Economic Geology from Queen's University and is a licensed Professional Geologist in Ontario.
Corporate Secretary of Outcrop Silver & Gold Corporation. An experienced administrator with over 12 years as a corporate secretary, primarily in junior mining companies. Prior to transitioning to junior mining she worked in private banking at RBC. Graduated with a degree in finance from UNBC in Prince George and is a member of the Governance Professionals of Canada.
Vice President Corporate Relations and Country Manager of Outcrop Silver & Gold Corporation; also VP & Country Manager of Copper Giant Resources Corp. A social leader with over 20 years of experience in Corporate Social Responsibility, stakeholder management and corporate communications, with a strong history of working closely with communities during the exploration and development stages of mining projects, even in challenging environments. Most recently served as Sustainability Manager for Outcrop Silver & Gold, Libero Copper and Minesa, where she played a key role in building strong relationships with local communities and ensuring projects were carried out responsibly and sustainably. Her dedication to social leadership was honoured in 2024 when she was named one of Colombia's most influential women.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Two independent specialist investors dominate the register. Eric Sprott increased his position to over 20% after putting C$5M into the October 2025 financing, and Jupiter Asset Management came in as a cornerstone investor with C$15M for 9.25%. That C$23M raise was oversubscribed and was followed by a graduation from the TSX Venture Exchange to the TSX in November 2025. Nothing corroborates it beyond the fund register: no producer or strategic corporate holds shares, and reported institutional ownership is only 10.2%.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Outcrop Silver & Gold owns 100% of the Santa Ana project in Tolima, Colombia, which it describes as one of the world's highest-grade undeveloped primary silver districts. The updated resource, effective 10 September 2026, has 21,700,000 oz of silver indicated (1,793 kt at 376.4 g/t, with 0.104 Moz of gold), with no measured category, plus 20,100,000 oz inferred; in silver-equivalent terms the indicated resource rose 23.5% and the inferred 106.3% from the 2023 maiden estimate. Four drill rigs are expanding the deposit, and the company plans its first preliminary economic assessment later in 2026.