Mining intelligence · Project
La Parrilla Silver Mine Complex
- Total silver eq. resources
- 27.03 Moz
- Property area
- 38,128 ha
- Linked companies
- 1
The asset
Project overview
La Parrilla is in Durango State, Mexico, southeast of Durango City. The company reports a travel time of 45 min from the city. Mineralization occurs in structurally controlled vein and replacement deposits, with silver as the principal economic component alongside lead, zinc and minor gold.
Source Managements-Discussion-Analysis-Quarterly-Q1-FY2027-MDA-Statements · page 13 · Aug 27, 2026 · SVRS-Corporate-Presentation-Oct.-26 · page 9 · Oct 1, 2026 · Managements-Discussion-Analysis-Quarterly-Q1-FY2027-MDA-Statements · page 14 · Aug 27, 2026
Silver Storm's initial drilling supported an updated mineral resource estimate across the Rosarios, San Marcos and Quebradillas underground mines. The estimate reports an indicated resource of 1,197 kt totaling 10.8 Moz Ag.Eq and an inferred resource of 1,988 kt totaling 16.3 Moz Ag.Eq. The company has since expanded its underground drilling program following strong initial results.
Source SVRS-Corporate-Presentation-Oct.-26 · page 16 · Oct 1, 2026 · Managements-Discussion-Analysis-Quarterly-Q1-FY2027-MDA-Statements · page 14 · Aug 27, 2026 · Corporate-Presentation-Nov.-2026 · page 34 · Nov 1, 2026 · Corporate-Presentation-Nov.-2026 · page 15 · Nov 1, 2026
The company completed mine and plant rehabilitation, poured its first silver-gold doré in June 2026 and shipped its first lead-silver and zinc concentrates in July 2026. Operations are in pre-commercial ramp-up, and Silver Storm targets steady state by 1Q 2027. No mineral reserves have been established, and the restart decision was not supported by a reserve estimate or economic study demonstrating viability.
Source Corporate-Presentation-Nov.-2026 · page 11 · Nov 1, 2026 · SVRS-Corporate-Presentation-Oct.-26 · page 12 · Oct 1, 2026 · SVRS-Corporate-Presentation-Oct.-26 · page 13 · Oct 1, 2026 · Corporate-Presentation-Nov.-2026 · page 2 · Nov 1, 2026 · SVRS-Corporate-Presentation-Oct.-26 · page 22 · Oct 1, 2026 · Silver Storm to Present at the 2026 Precious Metals Summit Zurich Conference · Nov 5, 2026
- Mine type
- Underground
- Region
- North America
- Property area
- 38,128 ha
- Location
- San Jose de la Parrilla, Durango, Mexico
- Access
- 45 min from Durango City
- Infrastructure
- Underground workings, processing circuits and tailings storage facility
- Water
- Water rights and permits for current mining and processing
- Land position
- 40 contiguous mining concessions covering 38,128 hectares
- Permits
- Fully permitted for operation; permits secured for 75 surface drill pads
- Geology
- Fault-, fracture- and bedding-controlled mineralization
- Deposit type
- Vein and replacement deposits
- Mining method
- Underground mining
- Processing
- Cyanide leaching of oxides; differential flotation of sulphides
- Ownership history
- Silver Storm acquired 100% in 2023
Exploration
Drill results
Every intercept the company has reported with numbers, as printed in its releases. Intervals are drilled widths unless the company states true widths.
| Hole | Target | From | To | Interval | Grade | Reported |
|---|---|---|---|---|---|---|
| IDP-RO-26-001 | RO | 48.65 | 50.80 | 2.15 m | 154 g/t Ag.Eq eq. · 144 g/t Ag · 0.10 g/t Au | Aug 6, 2026 |
| IDP-RO-26-002 | 340FW | 87.60 | 93.50 | 5.90 m | 239 g/t Ag.Eq eq. · 222 g/t Ag · 0.18 g/t Au | Aug 6, 2026 |
| IDP-RO-26-003 | RO | 60.20 | 61.20 | 1.00 m | 442 g/t Ag.Eq eq. · 397 g/t Ag · 0.48 g/t Au | Aug 6, 2026 |
| IDP-RO-26-003 | RO | 67.85 | 70.00 | 2.15 m | 143 g/t Ag.Eq eq. · 140 g/t Ag · 0.03 g/t Au | Aug 6, 2026 |
| IDP-RO-26-004 | NEW | 6.35 | 6.65 | 0.30 m | 216 g/t Ag.Eq eq. · 209 g/t Ag · 0.07 g/t Au | Aug 6, 2026 |
| IDP-RO-26-004 | RO | 36.10 | 48.00 | 11.90 m | 215 g/t Ag.Eq eq. · 203 g/t Ag · 0.12 g/t Au | Aug 6, 2026 |
| IDP-RO-26-005 | NEW | 29.95 | 30.55 | 0.60 m | 252 g/t Ag.Eq eq. · 179 g/t Ag · 0.04 g/t Au | Aug 6, 2026 |
| IDP-RO-26-005 | RO | 53.70 | 61.00 | 7.30 m | 297 g/t Ag.Eq eq. · 223 g/t Ag · 0.04 g/t Au · 2.82 % Pb · 0.72 % Zn | Aug 6, 2026 |
| IDP-RO-26-005 | RO | 61.00 | 65.85 | 4.85 m | 160 g/t Ag.Eq eq. · 148 g/t Ag · 0.13 g/t Au | Aug 6, 2026 |
| IDP-RO-26-005 | RO | 74.75 | 78.60 | 3.85 m | 196 g/t Ag.Eq eq. · 187 g/t Ag · 0.10 g/t Au | Aug 6, 2026 |
| IDP-RO-26-006 | RO | 64.90 | 65.40 | 0.50 m | 217 g/t Ag.Eq eq. · 164 g/t Ag · 0.57 g/t Au | Aug 6, 2026 |
| IDP-RO-26-007 | NEW | 27.15 | 27.55 | 0.40 m | 319 g/t Ag.Eq eq. · 222 g/t Ag · 0.04 g/t Au · 2.44 % Pb · 2.34 % Zn | Aug 6, 2026 |
| IDP-RO-26-007 | NEW | 30.50 | 31.15 | 0.65 m | 364 g/t Ag.Eq eq. · 250 g/t Ag · 0.10 g/t Au · 2.94 % Pb · 2.45 % Zn | Aug 6, 2026 |
| IDP-RO-26-007 | RO | 40.15 | 55.50 | 15.35 m | 200 g/t Ag.Eq eq. · 183 g/t Ag · 0.19 g/t Au | Aug 6, 2026 |
| IDP-RO-26-008 | NEW | 24.70 | 26.35 | 1.65 m | 481 g/t Ag.Eq eq. · 358 g/t Ag · 0.13 g/t Au · 3.16 % Pb · 2.51 % Zn | Aug 6, 2026 |
| IDP-RO-26-008 | RO | 55.45 | 56.45 | 1.00 m | 151 g/t Ag.Eq eq. · 148 g/t Ag · 0.04 g/t Au | Aug 6, 2026 |
| IDP-RO-26-008 | RO | 79.45 | 80.00 | 0.55 m | 161 g/t Ag.Eq eq. · 151 g/t Ag · 0.11 g/t Au | Aug 6, 2026 |
| IDP-RO-26-008 | RO | 83.00 | 87.10 | 4.10 m | 149 g/t Ag.Eq eq. · 140 g/t Ag · 0.09 g/t Au | Aug 6, 2026 |
| LB-12 | RO | 80.70 | 82.35 | 1.65 m | 170 g/t Ag.Eq eq. · 86 g/t Ag · 0.89 g/t Au | Aug 6, 2026 |
| LB-13 | RO | 104.80 | 111.15 | 6.35 m | 231 g/t Ag.Eq eq. · 217 g/t Ag · 0.15 g/t Au | Aug 6, 2026 |
Company plans
Milestones
The company's own stated plans and recent steps, each from the newest document that states it.
Coming up
2027
Silver Storm targets annual production of ~3.0 Moz Ag.Eq at La Parrilla.
Source Corporate-Presentation-Nov.-2026 · page 4 · Nov 1, 2026
Q1 2027
Silver Storm targets a ramp-up of La Parrilla to steady-state operations.
As the company put it: “first quarter of calendar 2027”
Source Corporate-Presentation-Nov.-2026 · page 2 · Nov 1, 2026
Done
Jul 27, 2026
Silver Storm announced its first concentrate shipment from La Parrilla.
As the company put it: “July 27, 2026”
Source Managements-Discussion-Analysis-Quarterly-Q1-FY2027-MDA-Statements · page 4 · Aug 27, 2026
Jul 14, 2026
Silver Storm announced that hot commissioning of La Parrilla's sulphide circuit had commenced.
As the company put it: “July 14, 2026”
Source Managements-Discussion-Analysis-Quarterly-Q1-FY2027-MDA-Statements · page 4 · Aug 27, 2026
Jun 2026
Plant and mine rehabilitation at La Parrilla was completed.
As the company put it: “June 2026”
Source Corporate-Presentation-Nov.-2026 · page 11 · Nov 1, 2026
Jun 18, 2026
Silver Storm announced surface drilling permits for La Parrilla.
As the company put it: “June 18, 2026”
Source Managements-Discussion-Analysis-Quarterly-Q1-FY2027-MDA-Statements · page 4 · Aug 27, 2026
Jun 11, 2026
Silver Storm announced its first silver-gold doré pour at La Parrilla.
As the company put it: “June 11, 2026”
Source Managements-Discussion-Analysis-Quarterly-Q1-FY2027-MDA-Statements · page 4 · Aug 27, 2026
May 21, 2026
Silver Storm announced an expansion of its La Parrilla underground drilling program.
Source Managements-Discussion-Analysis-Quarterly-Q1-FY2027-MDA-Statements · page 6 · Aug 27, 2026
Mar 24, 2025
Silver Storm filed an updated technical report for La Parrilla.
As the company put it: “March 24, 2025”
Source Silver Storm Files NI 43-101: 107% Resource Gain at La Parrilla Mine · Mar 24, 2025
Aug 14, 2023
Silver Storm completed its acquisition of La Parrilla.
As the company put it: “August 14, 2023”
Source Managements-Discussion-Analysis-Quarterly-Q1-FY2027-MDA-Statements · page 3 · Aug 27, 2026
Companies behind the asset
Ownership & project roles
Owner
Source 7:10 am · Nov 5, 2026
Mineral inventory
Resources and reserves
Explore the reported mineral inventory, from headline totals to individual deposits. Resources and reserves remain separate; equivalent metal uses the company’s own assumptions.
Mineral resources as at Dec 31, 2024NI 43-101
- Total silver eq.
- 27.03Moz AgEq
- Indicated
- 10.77Moz AgEq
- Inferred
- 16.27Moz AgEq
Indicated + Inferred
Reported estimate. Total combines resource categories with different confidence levels; inferred resources are not reserves.
Source 01FY2026 MD&A StatementsAnnual - English (PDF) · Mar 31, 2026
Market cap per resource ounce
Silver Storm Mining Ltd · US$230.8M market cap
- All categories
- US$8.54/ oz AgEq
- Indicated
- US$21.44/ oz AgEq
- Inferred
- US$14.19/ oz AgEq
Each figure divides the whole company market cap by that category’s reported ounces in this estimate. No ownership adjustment; other company assets are not deducted. Resource ounces are not recoverable production or cash value. Share price 2026-11-06 · FX 2026-11-06.
Total
| Category | TonnageMt | Grade | Contained metal | Cut-off | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Silverg/t | Goldg/t | Lead% | Zinc% | Silver eq.g/t | SilverMoz | Goldkoz | Leadkt | Zinckt | Silver eq.Moz | |||
| Indicated | 1.2 | 187 | 0.1 | 1.56 | 1.69 | 280 | 7.2 | 3.9 | 18.6 | 20.3 | 10.77 | — |
| Inferred | 1.99 | 175 | 0.12 | 1.27 | 1.42 | 255 | 11.17 | 7.7 | 25.3 | 28.2 | 16.27 | — |
Breakdown by deposit (5) — restates the totals above, not additional to them
Oxide
| Category | Tonnagekt | Grade | Contained metal | Cut-off | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Silverg/t | Goldg/t | Lead% | Zinc% | Silver eq.g/t | SilverMoz | Goldkoz | Silver eq.Moz | |||
| Indicated | 117 | 308 | 0.15 | 0 | 0 | 322 | 1.16 | 0.6 | 1.22 | — |
| Inferred | 259 | 278 | 0.13 | 0 | 0 | 290 | 2.32 | 1.1 | 2.42 | — |
Quebradillas
| Category | Tonnage · kt | Grade | Contained metal | Cut-off | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Silver | Gold | Lead | Zinc | Silver eq. | Silverg/t | Goldg/t | Lead% | Zinc% | Silver eq.g/t | Silverkoz | Goldoz | Silver eq.koz | ||
| Indicated | 0.4 | 0.4 | 531 | 531 | 0.4 | 188 | 0.1 | 1.99 | 2.47 | 197 | 2 | 0 | 3 | — |
| Inferred | 17 | 17 | 714 | 714 | 17 | 221 | 0.09 | 1.54 | 2.2 | 229 | 123 | 0 | 128 | — |
| Total (Indicated + Inferred) | 125 | 0 | 131 | |||||||||||
The total adds Indicated + Inferred, categories of different confidence. Equivalent columns are totalled only with themselves, never added to a metal.
Rosarios
| Category | Tonnage · kt | Grade | Contained metal | Cut-off | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Silver | Gold | Lead | Zinc | Silver eq. | Silverg/t | Goldg/t | Lead% | Zinc% | Silver eq.g/t | Silverkoz | Goldoz | Silver eq.koz | ||
| Indicated | 17 | 17 | 476 | 476 | 17 | 636 | 0.07 | 1.53 | 1.38 | 643 | 341 | 0 | 345 | — |
| Inferred | 22 | 22 | 864 | 864 | 22 | 297 | 0.08 | 1.46 | 1.33 | 304 | 207 | 100 | 212 | — |
| Total (Indicated + Inferred) | 548 | 100 | 557 | |||||||||||
The total adds Indicated + Inferred, categories of different confidence. Equivalent columns are totalled only with themselves, never added to a metal.
San Marcos
| Category | Tonnage · kt | Grade | Contained metal | Cut-off | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Silver | Gold | Lead | Zinc | Silver eq. | Silverg/t | Goldg/t | Lead% | Zinc% | Silver eq.g/t | SilverMoz | Goldkoz | Silver eq.Moz | ||
| Indicated | 100 | 100 | 73 | 73 | 100 | 253 | 0.16 | 1.13 | 0.83 | 269 | 0.818 | 0.5 | 0.867 | — |
| Inferred | 220 | 220 | 151 | 151 | 220 | 281 | 0.14 | 1.09 | 0.69 | 294 | 1.99 | 1 | 2.08 | — |
| Total (Indicated + Inferred) | 2.81 | 1.5 | 2.95 | |||||||||||
The total adds Indicated + Inferred, categories of different confidence. Equivalent columns are totalled only with themselves, never added to a metal.
Sulphide
| Category | TonnageMt | Grade | Contained metal | Cut-off | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Silverg/t | Goldg/t | Lead% | Zinc% | Silver eq.g/t | SilverMoz | Goldkoz | Silver eq.Moz | |||
| Indicated | 1.08 | 174 | 0.1 | 1.73 | 1.88 | 275 | 6.04 | 3.4 | 9.55 | — |
| Inferred | 1.73 | 159 | 0.12 | 1.46 | 1.63 | 249 | 8.85 | 6.7 | 13.85 | — |
Shaded columns are equivalent figures. An equivalent column combines the metals beside it on the company's own price assumptions. It is not additional metal and must not be added to them.
