Northwire Canada EditionSunday, September 13, 2026
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GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2% GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2%
Production / Operations Routine +

Silver Mountain Reports 75% Completion of Processing Plant Rehabilitation Activities at Reliquias

Reliquias Plant Rehabilitation Nears Completion as Reserve Definition Risks Loom

By The Northwire Desk — AI Analysis May 13, 2026 · 06:00 AGMR · 4.47 Silver Mountain Resources Inc.
Executive Summary
  • Operational Progress: Silver Mountain Resources reports 75% completion of rehabilitation activities at its 100%-owned Reliquias processing plant in Peru.
  • Testing Milestones: Successful empty-load testing completed on key crushing, grinding, and flotation circuits with no operational issues identified.
  • Production Timeline: The company targets a production restart at the Reliquias plant in Q3 2026.
  • Next Steps: Upcoming phases include mechanical completion, electrical integration, instrumentation installation, and dry commissioning activities.
  • Financial Position: Management states the Company remains well funded to support the planned restart of operations.
Material Impact
  • Confirmation of Guidance: The news confirms the Q3 2026 production restart timeline previously communicated in April 2026 (NewsId 1845268 vs NewsId 94239). It does not introduce new unexpected catalysts or delays.
  • Execution Validation: Successful empty-load testing is a positive operational milestone that de-risks the mechanical restart, but it does not address resource certainty.
  • Contextual Risk (Reserve Correction): The most recent news must be weighed against the May 1, 2026 Annual Filing correction (NewsId 1379117), which clarified that no mineral reserves as defined under NI 43-101 have been established at Reliquias. This creates a fundamental disconnect between operational readiness and resource definition risk.
  • Market Expectation: The market has already priced in the restart timeline, evidenced by the price surge to $5.91 in February 2026 followed by consolidation. This update is incremental confirmation rather than a game-changer.
AGMR · Price
Company Overview
  • Company: Silver Mountain Resources Inc. (TSX: AGMR).
  • Flagship Project: Reliquias Mine, Peru. A past-producing underground silver mine.
  • Development Status: Transitioning from development to production. Processing plant rehabilitation is 75% complete. Underground development exceeded 3,000 metres (April 2026 update).
  • Infrastructure: Tailings storage facility completed and operational. Camp infrastructure rehabilitated. Power lines and water treatment facilities operational.
  • Ore Stockpile: Approximately 12,000 tonnes of ore stockpiled as of April 2026 to support initial plant feed.
Read the original news release →

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