Silver Storm Mining - La Parrilla Project: A Near-Term Silver Restart With Exploration Growth Potential
In this episode, Greg McKenzie, President & CEO of Silver Storm Mining (TSX.V:SVSR | OTCQB:SVRSF | FSE:SVR), outlines the company’s near-term production restart at the La Parrilla Mine in Mexico and the scale of the San Diego silver project.
Key Discussion Points
- La Parrilla Restart
Background on the mine acquired from First Majestic, its 34 Moz historic output, and the path to a Q2-2026 restart with plant rehab already underway. - Costs & Production
Historical sub-$10/oz cash costs; modern AISC expected in the industry-standard range. Target output: ~3 Moz/year with a fast ramp to cash-flow positivity. - Current Resources & Mine Life
~31 Moz AgEq across categories → supports 10+ years at planned run rate; exploration drilling planned to extend life and potentially increase production. - Samsung Offtake
Two-year offtake/prepay structure providing additional support for restart capital. - San Diego Project
Historic 210 Moz AgEq resource with large-scale upside and long-term development potential comparable to major Mexican skarn systems. - Team & Shareholders
Strong technical leadership, full permitting in place, and key shareholders including First Majestic (19%) and Eric Sprott (11%).
Click here to visit the Silver Storm Mining website to learn more about the Company
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