Silver Mountain Resources is pleased to announce that it has received confirmation from Peru's Ministry of Energy and Mines that the Company's Reliquias Mine and Caudalosa Plant have been officially classified as ongoing mining operations. This significant designation represents the final governmental approval required for the Company to restart production and processing operations. CEO Alvaro Espinoza shared, "Our [...]
Silver Mountain Resources announces that as a result of a continuous disclosure review by staff of the Ontario Securities Commission, the Company has filed an amended and restated preliminary economic assessment for its Reliquias Mine in central Peru dated October 28, 2024 and with an effective date of May 15, 2024, and a material change report disclosing certain information in respect of the Company's Chief Operating [...]
Silver Mountain Resources announces that is has entered into shares for services agreements with each of its directors, pursuant to which, such directors will receive all or a portion of their director fees for the period from July 1, 2024, to June 30, 2025 in class A common shares of the Company, with the remaining amount, if any, to be satisfied in cash. The Common Shares are expected to be issued [...]
Silver Mountain Resources is pleased to announce that Gerardo Fernandez has been elected as a director of the Company at the Company's annual general meeting of shareholders, which was held on June 27, 2024. All of the Company's other directors were also re-elected at the Meeting. Mr. Fernandez is an experienced mining executive with substantial business and operational experience in the mining industry. Mr. Fernandez is [...]
Silver Mountain Resources is pleased to announce that Peru´s Ministry of Energy and Mines has approved the Reliquias and Caudalosa Mine Closure Plans, a key milestone permit needed to commence production in this historic mining district located in central Peru. Alvaro Espinoza, CEO of Silver Mountain, remarked, "We welcome the approval of the Reliquias and Caudalosa Mine Closure Plans. Our legal, technical, and permitting [...]
Silver Mountain Resources announces that it has filed an independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects supporting the previously announced preliminary economic assessment for the Company's 100% owned Reliquias Mine in central Peru. The technical report entitled "NI 43-101 Technical Report: Preliminary Economic Assessment, Reliquias Mine [...]
Silver Mountain Resources Inc. is pleased to announce that Peru's National Authority for Environmental Certification has approved the extension of the main environmental permit for its 100% owned Reliquias Mine, Caudalosa Mine and all their components in central Peru. This authorization extends the environmental certification for the Company's future mining operations until 2034. Alvaro Espinoza, CEO of Silver Mountain [...]
Preliminary Economic Assessment Pre-Tax Net Present Value, C$107 million1 at 5% discount rate, and Pre-Tax Internal Rate of Return of 57% After-Tax Net Present Value, C$85 million1 at 5% discount rate, and After-Tax Internal Rate of Return of 51%. Construction time of 10 months Payback Period of 1.8 years Profitability ratio of 2.5 times Average annual metal production of 2.2 million ounces AgEq per year Initial CAPEX of [...]
TORONTO, May 8, 2024 /CNW/ - Silver Mountain Resources Inc. , is pleased to announce that the TSX Venture Exchange has accepted for listing 87,638,928 common share purchase warrants of the Company for trading on the TSXV. Such Warrants are being issued pursuant to a prospectus supplement to the short form base shelf prospectus of the Company dated November 9, 2022, which Supplement was dated April 18, 2024 . For more [...]
Silver Mountain Resources Inc. , is pleased to announce that it has completed its previously announced prospectus offering of units of the Company . The Offering was completed on a "best efforts" agency basis pursuant to an agency agreement dated April 18, 2024 among the Company and Eight Capital and SCP Resource Finance LP . Pursuant to the Offering, the Company has issued an aggregate of 87,638,928 Units at a price of [...]
Silver Mountain Resources Inc. , is pleased to announce that it has upsized its previously announced public offering of units to up to $9,000,035 from $7,502,000, at a price of $0.11 per Unit. If the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Offering will be approximately $10,350,040. Each Unit is comprised of one class A common share in the capital of the Company and one Common Share [...]
Silver Mountain Resources Inc. , is pleased to announce that it has entered into an agreement pursuant to which Eight Capital and SCP Resource Finance LP, as joint bookrunners and co-lead agents , will offer for sale up to 68,200,000 units of the Company on a best efforts basis , at an offering price of $0.11 per Unit, for aggregate gross proceeds of up to $7,502,000. The Offering will be conducted pursuant to an agency [...]
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