Silver Storm Mining holds 100% of the La Parrilla Silver Mine Complex (41 concessions, ~69,478 hectares) in Durango, Mexico, a past-producing mine with a 2,000 tpd processing facility and historical output of 34.3 million silver-equivalent ounces (2005-2019). The company restarted operations in 2026, shipping its first lead-silver and zinc concentrate on July 27, 2026, backed by a US$7.0M Samsung C&T offtake agreement and a US$5.0M loan from First Majestic Silver.
Lifecycle Milestones
Construction Milestones
4 of 5 reached- Reached — date not disclosed · Reached, date not disclosed. La Parrilla Silver Mine Complex (Durango, Mexico) is a restarted past-producing mine, previously operated by First Majestic Silver Corp. until idled in 2019, acquired by Silver Storm (then Golden Tag Resources) with closing 14 Aug 2023. Strongest evidence is this row's source, Silver Storm's 18 Jun 2026 release (PDF -- the HTML mirror on silverstorm.ca omits this paragraph entirely): SEMARNAT (Mexico's federal environmental authority) "provided an authorization for the continued operation of the existing tailings storage facility ('TSF') at La Parrilla for an additional period of 10 years," extending a prior SEMARNAT TSF authorization "scheduled to expire in 3Q 2026," and separately "the permits were issued by [SEMARNAT] ... and are valid for a period of 4 years" covering 62 new drill pads and 27 access roads -- two specific, dated, named-agency permitting actions Silver Storm directly received and disclosed, repeated as the only affirmative permit facts in its FY2026 MD&A (year ended 31 Mar 2026, dated 23 Jun 2026, https://www.silverstorm.ca/s/MDA-YE-2026.pdf). Beyond those two, Silver Storm's current NI 43-101 Technical Report (SRK Consulting (Canada) Inc., effective 31 Dec 2024, signed 24 Mar 2025, https://www.silverstorm.ca/s/SRKCA_Silver_Storm_La_Parrilla_NI_43-101_Technical_Report_20250324.pdf), Section 3.4, states: "Silver Storm has acquired all necessary permits for current mining and processing operations, including an operating license, a mine water use permit, and an Environmental Impact Authorization (EIA) for the mines, processing plant, and tailings management facilities" -- but this sentence is carried forward near-verbatim from the prior owner's 2016/2017 NI 43-101 (subject swapped, no fresh audit), and SRK's own disclosed legal reliance (Todd and Associates opinion to Silver Storm dated 17 Oct 2024) is explicitly scoped only to Sections 3.1-3.2 (mineral tenure), NOT Section 3.4 (permits) -- so that broader "operating license/water permit/EIA" bundle is issuer disclosure outside the report's own legal-opinion scope, not an independently opined or government-registry-verified fact. Two further dated company statements independently describe La Parrilla as already fully permitted, consistent with but not adding specifics to that bundle: the 7 Dec 2022 acquisition-announcement release ("a fully permitted former producing mine complex") and the 11 Feb 2025 release quoting CEO Greg McKenzie ("having a fully permitted silver mine complex"). The prior owner's 2016/2017 NI 43-101 (First Majestic Silver Corp./SRK) lists ~17 named SEMARNAT/CONAGUA permit numbers including a tailings-facility EIA granted Sept 2015 with an 11-year term -- landing on a 3Q 2026 expiry, the exact quarter this row's source release describes the pre-extension authorization as expiring, independently corroborating continuity of the underlying permitting history into Silver Storm's ownership, though that specific linkage is an inference from matching dates rather than a source stating it outright, so those older permit numbers are not cited here as SVRS's own. No independent Mexican-government registry record (SEMARNAT gaceta archive, Secretaria de Economia's SIAM concession map, CONAGUA's REPDA water registry, SEDAR+ filing search) could be reached to verify permit numbers directly during this research pass -- every access attempt returned a bot-wall/403 or an unresolvable redirect. The Hueco concession (one non-core concession of 41) is separately flagged in the technical report as applied-for-but-not-yet-granted; this does not bear on the operating permits documented here. No explosives (SEDENA) permit is disclosed anywhere by either owner. No specific original grant date was found or verified for the currently-held operating permits as a bundle. High confidence the permits are genuinely held: two specific 2026 SEMARNAT actions are directly evidenced, and La Parrilla is physically producing and shipping concentrate as of Jul 2026, not legally possible in Mexico without the underlying permits and water rights -- but the broader Section 3.4 "operating license" characterization should be read as issuer disclosure carried across three owners' reports, not an independently verified permit register. Added 2026-08-22, surfaced while working Task #522 (SVRS stage walk-back, commit 4c8a94c). Full reasoning in scripts/backfill-permit-granted-svrs.ts. · Source
- Oct 2025 · Silver Storm entered into a US$7.0M offtake-linked prepaid financing agreement with Samsung C&T, the company's real financing/decision-equivalent commitment enabling the restart of the La Parrilla Silver Mine Complex (acquired Aug 14, 2023), consistent with the ARTG/EU/ELR financing-commitment convention in the Task #305/#430 batch1/batch3 scripts. · Source
- Oct 2025 · Silver Storm commenced rehabilitation activities at La Parrilla: processing-plant rehabilitation (with contractor Dynamic Engineering, mobilized to site Sept 3, 2025) and underground rehabilitation work, plus the sulphide flotation circuit expansion to 1,250 tpd. · Source
- Jun 2026 · Silver Storm's first silver-gold dore pour at La Parrilla, marking the operational restart of the 2,000 t/d mine complex idle since 2019 -- under three years from the Aug 2023 acquisition close. First concentrate shipment followed July 27, 2026. · Source
- Not yet reached
Milestones 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.
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
Director, President and Chief Executive Officer of Silver Storm Mining Ltd. (JD, MBA) Former senior investment banker with over 20 years in financing, M&A, financial advisory, valuation and strategic advice to mid-cap companies. Held roles at Morgan Stanley, CIBC World Markets and Haywood Securities; involved in transactions exceeding $18 billion. Previously practiced corporate law specializing in securities and M&A.
Chief Financial Officer of Silver Storm Mining Ltd. Over 28 years in finance and mining, most recently Senior VP and CFO at Wesdome Gold Mines Ltd. Previously CFO at Baffinland Iron Mines Corporation and at Glencore's North American Zinc division; prior senior roles at First Majestic Silver Corp. and Primero Mining Corp.
Director of Technical Services of Silver Storm Mining Ltd. (P.Eng.) Announced in the company's own press release, "Silver Storm Expands Senior Leadership and Technical Team"; not yet reflected on the current management-and-directors webpage as of this research pass, so this role is sourced to the press release itself rather than the team page.
President and Chief Executive Officer of Lupaka Gold Corp. (since September 2017) and Chief Operating Officer of Silver Storm Mining Ltd. (TSXV: SVRS, formerly Golden Tag Resources). Over 20 years of experience across the development and construction of seven mines in the Americas. Previously Director of Business Development at FNX Mining Company Inc., Vice President of Corporate Planning & Strategy at Lake Shore Gold Corp., and Chief Operating Officer of Mineral Streams Inc., where he helped orchestrate its sale to AuRico Metals Inc. in 2015. (Task #526 merge; sourced from Lupaka Gold's own CEO-appointment press release and Silver Storm Mining's management-team page.)
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
First Majestic Silver, an established Mexican silver producer, built a cash stake to roughly 36% through a series of 2025 private placements, becoming Silver Storm's largest shareholder. Eric Sprott, the well-known resource financier, holds a further approximately 15% and personally bought about CA$3.0 million of stock on-market in the trailing 12 months. Two of the best-known names in silver mining have taken large, cash-funded positions in this small Mexican explorer.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
La Parrilla Silver Mine Complex (Silver Storm's sole asset): current Mineral Resource per the Independent Technical Report (SRK Consulting Canada Inc., effective 31 Dec 2024, filed 24 Mar 2025, SEDAR+): Indicated 10.8 Moz AgEq (up 107% from 5.2 Moz AgEq in the prior 2023 statement), Inferred 16.3 Moz AgEq (up 58% from 10.3 Moz AgEq), plus an additional 3.8 Moz AgEq in mine pillars excluded from the resource. No Measured category exists -- this is a resource-stage estimate, not a reserve. ouncesFound holds the Indicated-only figure (10.8 Moz AgEq) per this DB's Measured+Indicated convention; the 16.3 Moz Inferred is NOT included. Silver Storm restarted La Parrilla in Jul 2026 WITHOUT a supporting NI 43-101 reserve, PEA, PFS, or FS -- the company's own disclosures state this explicitly and flag it as an elevated economic/technical risk relative to a restart backed by a formal reserve/economic study. Consequently dcfNpvUsd, irrPct, and mineLifeYears are all genuinely undisclosed, not a research gap. [PERMIT_GRANTED backfill, 2026-08-22]: This row was stage=CONSTRUCTION (per Task #522's PRODUCTION->CONSTRUCTION walk-back, commit 4c8a94c) with CONSTRUCTION_DECISION/CONSTRUCTION_START/FIRST_PRODUCTION rows on file but no PERMIT_GRANTED MinerConstructionMilestone row, a live lifecycle-gates.ts audit violation of the same shape closed for EXN/Mallay. Added PERMIT_GRANTED (reached, date not disclosed) based primarily on two specific, dated, SEMARNAT-issued 2026 permitting actions Silver Storm directly disclosed (18 Jun 2026: 62 drill-pad/27 access-road permits, 4-year validity; and a 10-year tailings-storage-facility authorization extension), corroborated by Silver Storm's NI 43-101 (SRK, effective 31 Dec 2024/signed 24 Mar 2025) Section 3.4's broader "all necessary permits" characterization -- caveated in the row's note as issuer disclosure carried forward from the prior owner's report and explicitly outside SRK's own legal-opinion scope, not an independently verified permit register -- plus two further dated company "fully permitted" statements (7 Dec 2022, 11 Feb 2025). See scripts/backfill-permit-granted-svrs.ts for full sourcing and caveats (incl. the pending, non-core Hueco concession and the undisclosed permitting status of the Feb 2026 flotation expansion).