Zacatecas Silver Corp.
Despite its name, Zacatecas Silver Corp. is led by gold. Its only measured and indicated resource is the Esperanza oxide gold project (7 concessions, about 4,649 hectares, Morelos State, Mexico): an estimate by P&E Mining Consultants effective 6 April 2026 reports 45.4 Mt at 0.76 g/t gold and 8.5 g/t silver measured and indicated, for 1,105,000 oz of gold (367,000 oz measured and 737,000 oz indicated) and 12.37 Moz of silver, plus 190,000 oz of gold and 4.02 Moz of silver inferred. At the estimate's prices gold is about 88% of that resource's value, and a heap-leach PEA has been commissioned. The company also holds the Zacatecas Property (149 concessions, about 7,826 hectares, Zacatecas Mining District, 25 km southeast of MAG Silver's Juanicipio and Fresnillo's namesake mine), where the Panuco silver deposit carries an inferred estimate of 3.41 Mt at 187 g/t silver equivalent (19 Moz of silver), and drilling at the El Cristo vein system (8 Sep 2026) returned narrow high-grade intercepts up to 2,337 g/t silver equivalent. In June 2026 it signed an option (US$450,000 cash plus US$750,000 in shares over 3 years, and a 2% NSR on exercise) to acquire four exploration properties from Heliostar Metals, including Oso Negro in Sonora, where rock-chip sampling has extended a gold-silver vein system to over 3 km.
Notable vs. Peers
- Financials score of 1.9/10 is weaker than the peer average of 5.3/10.
- Trading within 0% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)7/10
Zacatecas / Morelos, Mexico -- an established, major silver-mining region with developed infrastructure, but moderate country-level permitting/regulatory risk relative to Tier-1 jurisdictions.
Infrastructure (40%)6.4/10
Confirmed road access at Zacatecas Property, Zacatecas Mining District, Mexico; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)10/10
Cozamin (Capstone Copper Corp) is 3 km away -- within shared-mill trucking 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: 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:9.7/10
Nearest producing mine: Cozamin (Capstone Copper Corp), 3 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:7/10
Mexico: jurisdiction score 7/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
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
Chief Executive Officer and Director of Zacatecas Silver Corp., appointed January 19, 2025. Extensive expertise in capital markets, having facilitated the successful raising of over $100 million for venture initiatives.
Chief Financial Officer of Aftermath Silver Ltd.; also Chief Financial Officer of Midnight Sun Mining Corp. and Zacatecas Silver Corp. (CPA, BA) A Chartered Professional Accountant specializing in resource-focused accounting and finance. Holds a Bachelor of Business Administration degree with first class honours from Simon Fraser University.
Chief Geologist and Director of Zacatecas Silver Corp. (Ph.D., FAusIMM (CP), FSEG, FGS). Over 30 years of global exploration experience across 75+ countries.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Eric Sprott, through his personal holding vehicle 2176423 Ontario Ltd, holds 2,000,000 shares and is one of the company's largest shareholders -- a real but small position given the company's overall share count. No producer or additional specialist fund was found, and no confirmed insider open-market buying.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
A plain-language summary of this company's technical-report findings isn't written yet. See the cited figures on this page and the documents below.
No reports or presentations linked yet.