Aftermath Silver Completes Acquisition of Berenguela Silver-Copper-Manganese Project in Peru
Aftermath Secures 100% Control of Berenguela Asset as Multi-Metal Resource Narrative Gains Momentum
The most recent news (January 5, 2026) confirms that Aftermath Silver has completed the 100% acquisition of the Berenguela Silver-Copper-Manganese project in Peru from SSR Mining. This follows the final payment made in late 2025. Along with the acquisition completion, the company provided a drilling update referencing prior high-grade intercepts (e.g., 1.43% Ag and 156m of 1.12% Cu) and confirmed that Phase 3 drilling is currently underway. This news transitions the company from an option-holder to the outright owner of its flagship asset.
The impact is material and positive for three primary reasons: - De-risking: By finalizing the 100% acquisition, Aftermath removes the counterparty risk associated with the SSR Mining option agreement and the potential for project loss due to missed payments. - Resource Confirmation: The news is supported by the December 2025 Mineral Resource Estimate (MRE) which saw a 21% increase in contained silver (122.5 Moz Ag in Measured and Indicated). - Strategic Pivot: The inclusion of high-purity manganese as a "battery metal" product shifts the company's profile from a pure-play silver explorer to a critical minerals developer, potentially attracting a broader investor base. While the final payment was pre-announced in November 2025, the legal completion solidifies the company’s balance sheet, showing the "Deferred Acquisition Costs" being converted into 100% asset ownership.
Aftermath Silver is a developer focused on silver-dominant polymetallic projects in Latin America. Its flagship project is Berenguela in Puno, Peru. The project is unique for its high manganese content (2.93 Mt M&I) alongside silver (122.5 Moz M&I) and copper (717 Mlb M&I). The company also holds 100% of the Challacollo silver-gold project in Chile.