Magma Silver
Vancouver-based TSXV-listed junior mining explorer advancing the Niñobamba silver-gold project in Peru. Pre-revenue, 100% project ownership, Eric Sprott-backed, drilling planned Q1 2026.
- Company typePublic
- Founded2025
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Magma Silver does
Magma Silver Corp. is a Vancouver-based junior mining and exploration company publicly listed on the TSX Venture Exchange (cve:MGMA). The company is focused exclusively on advancing the Niñobamba silver-gold project in Peru, which it acquired at 100% ownership in January 2025 concurrent with a rebrand from African Energy Metals Inc. Its single material asset is the project itself, and based on historical internal studies conducted by Newmont Corporation, Niñobamba is anticipated to be a shallow, low-cost open-pit operation. Phase 2 exploration results released in October 2025 confirmed and in some cases exceeded historical drilling results.
The company's business model is that of a pre-revenue, pre-production explorer: it raises equity capital through public markets and private placements to fund exploration and drilling, with future revenue dependent on eventual silver and gold extraction at Niñobamba. Magma Silver completed CAD $6.5 million in total financings during 2025 and ended the year with over CAD $5 million in treasury. An oversubscribed CAD $5 million non-brokered private placement closed in October 2025 was led by Research Capital and included a notable participation by Eric Sprott, who acquired 6,666,667 units resulting in a 13.4% fully diluted stake. A 14-month drill permit for the Joramina zone was granted in November 2025, and the company has signaled intent to commence drilling in Q1 2026.
Magma Silver operates with a small team of 1-10 employees led by CEO and Executive Chairman Stephen Barley and CFO and Corporate Secretary Jason Baker (appointed in January 2026). Its go-to-market motion is event-driven and investor-relations-oriented, leveraging channels such as CEO.CA Inside the Boardroom interviews and financial news wire services to attract institutional and strategic capital to a TSXV-listed security. Share price appreciated 209% in 2025, broadly aligning with the ~173% rise in silver prices and reflecting precious-metals market momentum, though no operational revenue has been generated.
Magma Silver firmographics
Firmographics- Name
- Magma Silver
- Legal name
- Magma Silver Corp.
- Website
- https://magmasilver.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Vancouver-based TSXV-listed junior mining explorer advancing the Niñobamba silver-gold project in Peru. Pre-revenue, 100% project ownership, Eric Sprott-backed, drilling planned Q1 2026.
- Ownership category
- akta.pro rank
Magma Silver industry classification
Industry- Product category
- Silver-Gold Exploration and Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industries
- Silver Mining (IMAKAEAB), Gold Mining (IMAKAEAA)
Keywords
Where Magma Silver is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Magma Silver business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Silver-Gold Mining Operations: Pre-revenue junior mining company focused on exploration and development of the Niñobamba silver-gold project in Peru. The company completed $6.5M in financings and ended 2025 with over $5M in treasury. Revenue will come from silver and gold extraction once the project reaches production. Based on internal studies by Newmont, Niñobamba is anticipated to be a shallow, low-cost open-pit operation.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Magma Silver product offering
Product offeringCore offering
Magma Silver Corp. is a junior mining and exploration company advancing the Niñobamba silver-gold project in Peru, acquired 100% in January 2025. The company focuses on geological exploration, drilling programs, and resource development with the goal of progressing toward a shallow, low-cost open-pit mining operation based on internal studies by Newmont Corporation. The company is pre-revenue and expects future revenue from silver and gold extraction once the project reaches production.
Product overview
Magma Silver is a Vancouver-based junior mining and exploration company focused on advancing the Niñobamba silver-gold project in Peru. The company operates as a single-asset exploration entity, transitioning from geological exploration to active drilling following permit acquisition and financing.
Differentiator
Problem solved
Functional benefit
Products and services
- Niñobamba Silver-Gold Project A silver-gold exploration and development project located in Peru, acquired 100% by Magma Silver in January 2025. The project is anticipated to be a shallow, low-cost open-pit operation based on internal studies by Newmont Corporation, with Phase 2 exploration completed in October 2025 confirming previous results and identifying new drill targets, and drilling planned to commence in Q1 2026.
Quantifiable outcome
- 209% share price increase in 2025
- +2 more outcomes
Companies that use Magma Silver
Customer profileSegments1 record
Ideal customer profiles1 record
Magma Silver technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Magma Silver partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Newmont CorporationminorNewmont Corporation conducted internal studies on the Niñobamba project prior to Magma Silver's acquisition. The studies anticipated the project would be a shallow, low-cost open-pit operation. Magma Silver's drilling program aims to confirm historical resource estimates by Newmont.
Scale indicators7 records
Recent moves7 records
Expansion highlights4 records
Magma Silver competitors and assessment
Company assessmentDirect peers
- Silvercorp Metals: Mid-tier silver producer with significant precious-metals exposure; comparable as a silver-focused public mining company whose valuation is levered to silver prices, though at a much more advanced production stage than Magma Silver.
- MAG Silver: Silver-focused developer with the Juanicipio project in Mexico; directly comparable as a single-asset, silver-focused explorer/developer with strong institutional backing and a clear path from drill results to a development/re-rating thesis.
- AbraSilver Resource: Single-asset silver-gold developer advancing the Diablillos project in Argentina; highly comparable as a junior silver-gold developer at the drill/resource stage, with similar market cap profile and re-rating dynamics on drill results.
- Bear Creek Mining: Peru-focused silver developer with the Corani project; comparable as a Peruvian silver-asset developer navigating country and social-license risk, illustrating both the upside (district-scale silver) and the operational hazards (community disputes, permitting) facing Magma Silver.
- Defiance Silver: Junior silver explorer with Mexican assets at the drill stage; comparable as a small-cap, single-thesis silver explorer whose valuation moves sharply on drill results and commodity prices, similar to Magma Silver.
- Aftermath Silver: Junior silver-focused explorer with assets in Peru and Chile; comparable as a silver explorer operating in similar South American jurisdictions at a similar pre-resource stage.
- Southern Silver Exploration: Junior silver-zinc explorer advancing the Cerro Las Minitas project in Mexico; comparable as a precious-metals junior at the drill/PEA transition with similar equity dynamics.
Broad incumbents
- Fortuna Silver Mines: Mid-tier silver-gold producer with operating mines in Peru, Mexico, and Argentina; comparable as a larger, diversified silver-gold producer with direct Peruvian operating experience (and therefore country-risk context) relevant to Magma Silver.
- Pan American Silver: Major silver producer with operations across the Americas including Peru; comparable as a senior precious-metals miner in the same commodity (silver) with a Latin American footprint, providing the consolidation backdrop against which Magma could become a takeover target.
- Hochschild Mining: Mid-tier precious-metals producer with significant Peruvian silver-gold operations; comparable as a senior Latin American silver-gold miner whose M&A and country-risk profile contextualizes Magma Silver's Peruvian asset.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Magma Silver social profiles
Digital presenceMagma Silver financial estimates
Financial estimateRevenue estimate
Valuation estimate
Magma Silver leadership team
Management profileNumber of profiles
Profiles2 records
Magma Silver funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Magma Silver M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Magma Silver
What does Magma Silver do?
Magma Silver Corp. is a junior mining and exploration company advancing the Niñobamba silver-gold project in Peru, acquired 100% in January 2025. The company focuses on geological exploration, drilling programs, and resource development with the goal of progressing toward a shallow, low-cost open-pit mining operation based on internal studies by Newmont Corporation. The company is pre-revenue and expects future revenue from silver and gold extraction once the project reaches production.
Is Magma Silver a public or private company?
Magma Silver is a public company. It is classified as public and is currently operating.
When was Magma Silver founded?
Magma Silver was founded in 2025. It employs 1 to 10 people.
Where is Magma Silver based?
Magma Silver is headquartered in Vancouver, Canada, in the North America region.
How does Magma Silver make money?
One revenue line is on record: silver-Gold Mining Operations.
Who are Magma Silver's main competitors?
Direct peers on record are Silvercorp Metals, MAG Silver, AbraSilver Resource, Bear Creek Mining, Defiance Silver, Aftermath Silver and Southern Silver Exploration. Broad incumbents are Fortuna Silver Mines, Pan American Silver and Hochschild Mining.
Does Magma Silver have an API?
No public API is recorded for Magma Silver.
What industry is Magma Silver in?
Magma Silver's product category is Silver-Gold Exploration and Mining. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAEAB, Silver Mining. Its NAICS code is 21222 and its SIC code is 1040.