Northwire Canada EditionThursday, November 12, 2026
Northwire
⌕
Gold 3,879.10 −3.0% Silver 49.94 −4.0% Copper 6.19 −1.6% Oil 89.00 +2.9% Palladium 991.25 −5.2% BGF 0.025 +0.0% TDG 0.720 +46.9% PRU 6.09 −3.3% NGEX 21.03 −5.1% TWO 0.340 −8.1% BIG 1.04 +9.5% VCG 1.06 −3.6% SCD 0.145 +0.0% GAL 0.370 −0.7% SAG 0.620 −6.1% VIZ 0.195 +0.0% SAGA 0.375 −6.2% ZEN 0.530 −3.6% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.347 −3.5% Gold 3,879.10 −3.0% Silver 49.94 −4.0% Copper 6.19 −1.6% Oil 89.00 +2.9% Palladium 991.25 −5.2% BGF 0.025 +0.0% TDG 0.720 +46.9% PRU 6.09 −3.3% NGEX 21.03 −5.1% TWO 0.340 −8.1% BIG 1.04 +9.5% VCG 1.06 −3.6% SCD 0.145 +0.0% GAL 0.370 −0.7% SAG 0.620 −6.1% VIZ 0.195 +0.0% SAGA 0.375 −6.2% ZEN 0.530 −3.6% GDP 0.230 +0.0% PDN 8.41 +0.0% FL 0.347 −3.5%
Production / Operations

Silver Mountain Resources Provides Operational Update on Reliquias Restart and District Drilling Programs

Silver Mountain Hits Development Milestones as Reliquias Restart De-Risks with US$32M Treasury

Executive Summary

The news release on January 14, 2026, provides a comprehensive operational update on the Reliquias Mine restart in Peru. Key highlights include the completion of 1,500 metres of underground development and the accumulation of a 2,500-tonne mineralized stockpile. The company confirmed that processing plant refurbishment and tailings storage facility rehabilitation are on schedule for a Q3 2026 commercial production restart. Additionally, Silver Mountain announced a significant 17,000-metre drilling campaign, split between infill drilling at Reliquias (7,000m) and exploration at the nearby Caudalosa Mine (10,000m). Financially, the company reported a robust treasury exceeding US$32 million.

Material Impact

This update is materially positive as it demonstrates successful execution against the timeline established in mid-2025. - Execution Milestone: The 1,500m of development and growing stockpile are tangible proof of operational ramp-up. - Financial De-risking: The US$32 million treasury, following two major financings in 2025 totaling approximately C$55 million, provides enough runway to reach the Q3 2026 production target without immediate dilution. - Growth Catalyst: The 10,000m program at Caudalosa indicates management is shifting from pure rehabilitation to expanding the resource base, which provides exploration upside beyond the initial 8-year mine life. - Consistency: The target for commercial production remains Q3 2026, showing no slippage in the timeline despite the complexities of mine restarts in Peru.

AGMR · Price
Company Overview

Silver Mountain Resources is focused on restarting the Reliquias silver-polymetallic mine in Huancavelica, Peru. The project is a past-producer with existing underground infrastructure and a processing plant. The company’s strategy is to modernize the facility to produce approximately 2.5 million silver-equivalent ounces annually over an initial 8-year mine life. The project is 100% owned and located in a prolific mining district.

Read the original news release →

More from Silver Mountain Resources Inc.