Companies to Watch in 2026 – Silver Storm Mining
Silver Storm Mining are planning to commence production in H1 2026.
La Parilla silver mine is located in Durango, Mexico, and a well executed start-up should result in a rerate for the stock.
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| Silver Storm Mining | TSX.V: SVRS | |
| Stage | Development | |
| Metals | Silver | |
| Market cap | C$296 million @ C$0.40 | |
| Location | Mexico | |
| Website | www.silverstorm.ca |
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Companies to Watch in 2026 – Silver Storm Mining
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Silver Storm Mining is planning to commence production in H1 2026.
La Parilla silver mine is located in Durango, Mexico, and a well executed start-up should result in a rerate for the stock.
Company profile
Silver Storm Mining is a silver exploration and development company, with two projects in Mexico.
La Parilla Silver Mine, is a former producing mine located in Durango state, Mexico. It was formerly owned by First Majestic Silver, and last produced in 2019.
The company is currently planning to restart La Parilla in the first half of 2026, and is currently working on drilling programs and a resource update. This is subject to final confirmation.
Samsung have invested around C$7 million in return for an exclusive offtake agreement for all the silver produced at market prices.
The San Diego Project (100%)
Is located in Durango state, near Torreon, Mexico.
The project consists of four mining concessions, and is considered one of the largest undeveloped silver projects in Mexico.
There is good infrastructure, and the possibility to truck ore to the La Parilla mine.
The company are focused on restating the La Parilla mine, so no major drilling has occurred in the last two years. There is a planned 5 – 10,000 metre drill program, to be followed by a PEA.
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Comment
I like this story a lot because they are focused on commencing production, and have the backstop of Samsung wanting all their silver. I view Samsung’s involvement as validation of the project, they have a far superior ability to complete due diligence than the average investor.
Positives
The mine is fully permitted.
The average EV/Ag Eq for production is extremely low compared to peers, at C$82 Oz for Silver Storm. Avino Silver is C$448 per ounce, for example, and the producer peer average is C$233 EV Ag Eq.
I have made a small investment as I have a preference for junior mining stocks going into early production in tier 1 jurisdictions.
Large holders include First Majestic Silver at 19% and Eric Sprott 11%.
Small negatives
A decision to commence mining is still pending, the company has to complete technical evaluations, which are still outstanding.
Management only hold 2% which is on the low side.
The company has a strong treasury, and C$55 million in ‘in the money’ warrants, which will dilute the fully diluted share count to over 1 billion shares.
No proper analyst coverage.
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The live silver price can be found HERE
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Disclosure
At the time of writing the author holds shares in Silver Storm Mining
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