From producer to long-term silver powerhouse.

Key Concepts

• Pitarrilla: A major undeveloped silver deposit.
• Resource Estimation: 600 million ounces of silver equivalent (including zinc and lead).
• Jurisdictional Strategy: Focus on Mexico and Peru (top global silver producers).
• Operational Longevity: Targeting mine lives of 20–50 years.
• Exploration Success: Track record of discovery (Terronera, Guanaceví, Colpa).

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Overview of Asset Portfolio: Pitarrilla

The company highlights Pitarrilla as a cornerstone asset, currently classified as one of the world’s largest undeveloped silver deposits.

• Resource Scale: The deposit contains over 600 million ounces of silver, supplemented by significant zinc and lead mineralization.
• Production Timeline: The company has set a strategic goal to bring Pitarrilla into production by 2030.

Strategic Jurisdictions

The company focuses its operations in Mexico and Peru, citing their status as the world’s number one and number three silver-producing nations, respectively. The choice of these regions is driven by:

• Mining Heritage: Both countries possess a long, established history of mining, providing a stable regulatory and operational environment.
• Operational Expertise: The company leverages local teams with deep regional knowledge to manage these assets.

Leadership and Exploration Methodology

The company emphasizes the technical expertise of its leadership, specifically the Chief Operating Officer (COO), an exploration geologist with a proven track record of discovery.

• Key Discoveries: The COO was instrumental in the discovery of Terronera and Guanaceví, and was the "first boots on the ground" at the Colpa project.
• Exploration Philosophy: The company prioritizes long-term asset viability, aiming for mine lives ranging from 20 to 30 years, with the potential for some assets to reach 30 to 50 years.

Operational Objectives

The core objective of the company is to transform its portfolio into a low-cost, long-life production engine. By focusing on high-potential assets like Colpa and Pitarrilla, the company aims to ensure sustained profitability and operational stability over several decades.

Synthesis

The company is positioning itself as a long-term player in the silver market by focusing on massive, undeveloped deposits and leveraging a high-caliber exploration team. By targeting jurisdictions with strong mining histories and prioritizing assets with multi-decade production potential, the company aims to achieve a low-cost, high-longevity operational profile, with the 2030 production target for Pitarrilla serving as a critical milestone in this transformation.