Northwire Canada EditionThursday, July 23, 2026
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VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2% VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2%
Resource Estimate

Kootenay Commissions a Preliminary Economic Assessment on La Cigarra Silver Deposit and Continues to Aggressively Drill Columba

Kootenay shifts to development mode with La Cigarra PEA while aggressive drilling targets 100-million-ounce silver milestone.

By The Northwire Desk — AI Analysis Jan 20, 2026 · 07:00 KTN · 2.43 Kootenay Silver Inc.
Executive Summary

The most recent news (January 20, 2026) announces the commissioning of a Preliminary Economic Assessment (PEA) for the La Cigarra silver deposit in Chihuahua, Mexico, with delivery expected in Q2 2026. Simultaneously, the company is executing a massive 50,000-meter drilling program at its Columba project. The strategic goal is to expand the Columba maiden resource from 54 million ounces of silver to over 100 million ounces, followed by a separate PEA for that project. Management cites current silver prices and a supply deficit as catalysts for accelerating these "pipeline" assets into the development stage.

Material Impact
  • Transition to Developer Status: The move to commission a PEA for La Cigarra is a material step in transitioning from a pure exploration company to a developer. This provides a formal quantification of economic viability.
  • Resource Growth Potential: Doubling the target resource at Columba to 100 million ounces would significantly re-rate the company's valuation if achieved at the current high grades (284 gpt Ag).
  • Market Sentiment vs. Scrutiny: While project advancement is positive, the company recently (December 2025) had to respond to OTC Markets regarding "promotional activity." This indicates high marketing expenditures (US$500,000 to Sideways Frequency LLC), which risk-averse investors should monitor as a potential source of artificial price inflation.
  • Financial Health: The company is exceptionally well-funded following a $20 million financing in mid-2025, allowing for "aggressive" drilling without immediate dilution needs.
KTN · Price
Company Overview

Kootenay Silver is a Canadian-listed explorer/developer focused on silver in Mexico. - Flagship Project (Columba): A high-grade epithermal vein system in Chihuahua. Maiden Resource (June 2025) of 54.1 million ounces Ag at 284 gpt (Inferred). - Secondary Asset (La Cigarra): Currently hosts a Measured and Indicated resource of 51.57 million ounces Ag and an Inferred resource of 11 million ounces. This project is the subject of the newly commissioned PEA. - Portfolio: Includes the Promontorio and La Negra deposits, providing a significant multi-project pipeline.

Read the original news release →

More from Kootenay Silver Inc.

Jun 15, 2026 · 10:29

Kootenay Silver Announces Positive PEA with a US$763 Million After-Tax NPV & 41% IRR for La Cigarra Silver Project

Technical Study Jun 12, 2026 · 15:24

Kootenay Reports Incident at Columba Silver Project

Production / Operations Mar 09, 2026 · 07:30

Kootenay expands high-grade silver footprint at Columba as La Cigarra PEA nears completion

Drill Results Mar 02, 2026 · 08:30

Kootenay Silver’s Columba drill expansion accelerates as high-grade silver intercepts mount and funding runway expands toward a La Cigarra PEA

Drill Results Feb 25, 2026 · 07:00

Kootenay Silver presses ahead with Columba expansion as IP/AMT survey adds new discovery potential and a funded drilling path

Production / Operations Feb 20, 2026 · 16:05

Kootenay Silver Enters into Marketing Agreement with Gold Standard Media, LLC

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