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 (amended 14 Jul 2026 -- grace period on initial principal/arrangement-fee payments extended from May to Sept 2026, each subsequent monthly repayment deferred ~4 months, and the concentrate supply period extended 6 months to 30 months) and a US$5.0M loan from First Majestic; the sulphide processing circuit began hot commissioning the same release Silver.
Notable vs. Peers
- Financials score of 5.4/10 is weaker than the peer average of 7.1/10.
Lifecycle Milestones
Construction Milestones
4 of 5 reached- Reached — date not disclosed · Source
- Oct 2025 · Source
- Oct 2025 · Source
- Jun 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.
Jurisdiction (40%)6/10
Mexico is an established mining jurisdiction, but carries security/cartel risk in certain regions and uncertainty from 2023 federal mining-law reform.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at La Parrilla Silver Mine Complex, Durango, Mexico.
Nearby producing mine (20%)8.8/10
Sabinas (Industrias Penoles, S.A.B. de C.V.) is 38 km away -- within regional-platform range.
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:9.9/10
First Majestic Silver Corp. holds 19% (report date not on file) See holders
An operating producer's stake scores 8 at 5%, rising to 10 at 20% (the take-over-bid threshold) and holding there up to 50%.
Weight 25% · 34% here - Distance to a producing mineSub-score:6.2/10
Nearest producing mine: Sabinas (Industrias Penoles, S.A.B. de C.V.), 38 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 31% here - 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% · 20% 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% · 9% 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% · 6% 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, 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.)
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.
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, then disposed of shares twice since (October 2025 and early 2026), leaving it at approximately 19% -- still Silver Storm's largest outside shareholder, but materially reduced from its 2025 peak. 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
Silver Storm Mining owns 100% of the La Parrilla silver mine complex in Durango, Mexico, a past-producing operation with a 2,000 tpd processing plant that was idle from 2019 until Silver Storm restarted it in 2026. It poured its first silver-gold doré on 11 June 2026 and shipped its first lead-silver and zinc concentrate on 27 July 2026 under a US$7.0M prepaid offtake agreement with Samsung C&T, and is targeting steady-state operations by the first quarter of 2027. La Parrilla holds 7,199,000 oz of silver in indicated resources (1,197 kt at 187 g/t Ag), with no measured category, plus 11,169,000 oz inferred, in an estimate effective 31 December 2024. The restart is not supported by a mineral reserve or an economic study, which the company itself identifies as a source of elevated technical and economic risk.