Northwire Canada EditionTuesday, November 3, 2026
Northwire
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Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0%
Production / Operations Material +

Silver Elephant Expects June Sale of New Silver Concentrate Batch Ahead of Schedule

ELEF · Price

Executive Summary

  • Silver Elephant Mining Corp. delivered 1,220 tonnes of silver-bearing material (averaging 410 g/t Ag) to its toll-milling facility for processing into a third batch of silver concentrate, expected for sale in June 2026.
  • Underground mining operations at the Apuradita Silver Project in Bolivia are advancing at a steady rate, with production improvements driven by new mining faces, equipment upgrades, and increased manpower.
  • The company forecasts monthly production of 400–600 tonnes of mineralized material for 2026 (subject to permitting thresholds), with quarterly concentrate sales, while simultaneously conducting surface sampling for potential open-pit mining zones above the existing tunnel system.

Key Details

  • Material Delivery & Processing: 1,220 tonnes of silver-bearing material trucked to toll-milling facility; average grade of 410 g/t Ag; ready for processing into a third batch of silver concentrate for expected sale in June 2026.
  • Production Forecast & Sales: Expected production of 400 to 600 tonnes of mineralized material per month in 2026 (subject to permitting threshold); concentrate sales planned on a quarterly basis.
  • Mining Operations & Methodology: Underground mining continues at a steady rate; production improved via additional mining faces, equipment upgrades, and increased manpower; advancing additional faces through crosscuts and drifts.
  • Stope Design & Extraction: Shrinkage stoping method utilized; two stopes designed with approximate dimensions of 30m length, 20m height, and 4m width; extraction rate of 20 to 40 tonnes per day.
  • Historical Grade Data: Sulphide mineralization averages approximately 412 g/t Ag, 1.09% Pb, and 0.38% Zn based on historical drilling and internal geological interpretations.
  • Exploration & Surface Sampling: Active surface sampling ongoing ~20 meters vertically above the Apuradita tunnel system; additional sampling for potentially amenable open-pit mining zones also underway.
  • QA/QC Protocols: Samples prepared at ALS Global Laboratories (Oruro, Bolivia) and analyzed in Lima, Peru; analysis via Intermediate Level Four acid digestion; silver over-limits determined by fire assay with gravimetric finish; labs accredited to ISO/IEC 17025:2017 and ISO 9000:2015; core sampled from HQ/NQ diamond drill core, longitudinally halved, photographed, and logged prior to submission.
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