Pinnacle Silver and Gold - Advancing the High-Grade El Potrero Project in Mexico
In this KE Report Company Introduction, I speak with Bob Archer, President and CEO of Pinnacle Silver and Gold (TSX.V: PINN | OTC: PSGCF | Frankfurt: P9J), as the company shifts its primary focus to Mexico with the El Potrero Project, following a strategic option agreement signed in February 2025.
Key Highlights from the Interview
Strategic Shift to Mexico and Restarting Production
- Pinnacle Silver and Gold transitioned from its Canadian-focused past to pursue high-grade, near-term production opportunities in Mexico.
- The flagship El Potrero Project, located in the Topia district of Durango, is a past-producing asset, comprising multiple high-grade underground gold-silver mines.
- The company is using a cash-flow-first model - similar to Bob’s prior success at Great Panther - aiming for production before establishing a large resource.
Early Sampling Results
- Surface and underground channel sampling from the central “Pino Cuata” zone delivered grades as high as 85 g/t gold and 520 g/t silver (individual sample)
Production-First Strategy and Flexible Option Deal
- Structured to earn 50% upon entering production, with the path to 90% and potentially 100% ownership.
- Targeting small-scale, high-margin production (~100 TPD), reducing permitting complexity and capital needs.
- Existing mill infrastructure and underground access greatly accelerate timelines and reduce costs.
Well-Rounded Team with Strong Local Ties
- CEO Bob Archer brings 45+ years of experience, including founding Great Panther and multiple mine restarts in Mexico.
- Key technical advisors include metallurgical engineer David Salari, global geologist Colin Jones, and a Mexican technical team with local experience and community engagement.
Strong Start to 2025 and Fully Subscribed Financing
- Recently closed a $1.3M financing, enabling mapping, LIDAR surveys, and potentially underground drilling as early as September.
- Pinnacle is also evaluating additional acquisition opportunities to replicate the Great Panther playbook.
Red Lake Projects Remain in the Portfolio
- Two 100%-owned assets in Ontario (including the historic Argosy Mine) are on the back burner but remain part of the long-term growth pipeline.
Please email me with any follow up questions you have for Bob - Fleck@kereport.com.
