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Published: November 12, 2026 |
Silver Mountain Resources has agreed to the sale and completed its first shipment of bulk and zinc concentrates from its 100 percent owned Reliquias Silver-Polymetallic Mine in central Peru, representing an estimated provisional sales value of approximately $2.7 million.
This milestone marks the beginning of revenue generation from Reliquias and represents another step in the company’s ramp-up of operations toward commercial production.
“Our first concentrate shipment, representing approximately $2.7 million in estimated provisional sales value, marks an important milestone for Silver Mountain as we begin generating revenue from Reliquias. This achievement demonstrates the progress we have made in restarting the operation and brings us another step closer to commercial production,” said Alvaro Espinoza, chief executive officer of Silver Mountain.
“With production ramping up at Reliquias and exploration opportunities across our district, including at Caudalosa, we believe Silver Mountain is well positioned to continue advancing its operations and pursue long-term value for our shareholders,” added Espinoza.
Following the restart of production in September 2026, Silver Mountain continues to advance its operational ramp-up and is targeting processing throughput of 800 tonnes per day during the second half of 2027.
As throughput increases and processing progressively transitions from previously stockpiled material to newly mined ore, Silver Mountain expects to advance toward commercial production.
Silver Mountain remains focused on increasing production, advancing underground mine development, and achieving commercial production at Reliquias.
In parallel, the company continues to evaluate opportunities to expand its mineral resource base across its land package in the Castrovirreyna mining district.
Silver Mountain Resources is a Canadian mining company focused on operating and advancing silver-polymetallic assets in Peru. The company’s principal asset is the Reliquias Mine, located in the Castrovirreyna district of Huancavelica, Peru, where production commenced in September 2026. Silver Mountain is committed to creating long-term shareholder value through responsible mining, operational excellence, and the development of its exploration portfolio.
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