Highlander Silver
Highlander Silver is a publicly listed (TSX and NYSE American: HSLV) mineral exploration and development company advancing high-grade gold-silver and silver projects in Peru, including the bonanza-grade San Luis project and the 229 Moz Corani project acquired via Bear Creek Mining in February 2026, plus the operating Mercedes mine in Mexico.
- Company typePublic
- Founded2017
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Highlander Silver does
Highlander Silver Corp. is a publicly traded (TSX and NYSE American: HSLV) mineral exploration and development company focused on advancing a portfolio of high-grade silver and gold-silver projects in Peru, with an additional operating gold-silver mine in Mexico acquired in February 2026. The company's core assets are the bonanza-grade San Luis gold-silver project (Indicated Mineral Resources of 356 koz Au at 24.4 g/t Au and 8.4 Moz Ag at 579 g/t Ag, ranking among the top 10 highest-grade projects globally), the Corani silver project (approximately 229 million ounces of silver reserves, described as the largest fully permitted silver project globally), the La Estrella silver-gold exploration project, and the Mercedes gold-silver mine in Sonora, Mexico. The underlying technology is conventional mineral exploration — induced polarization-resistivity surveys, airborne and drone-based magnetic surveys, diamond drilling, and mineral resource estimation — applied primarily to epithermal gold-silver vein systems in Peru.
The company is currently pre-revenue, generating value through acquisition and advancement of mineral assets toward commercial production rather than near-term mineral sales; the only operating cash flow contribution is from the recently acquired Mercedes mine. Capital is raised through public equity offerings (including a C$86.25 million oversubscribed bought deal in September 2025 and a US$40 million Eric Sprott private placement in January 2026), private placements, and strategic investments. The go-to-market is investor-facing rather than customer-facing: the company targets institutional and retail mining-sector investors through the TSX and NYSE American listings, an active investor relations program, press releases, and engagement with core shareholders including the Augusta Group (~33.10% ownership), the Lundin family, and Eric Sprott. Highlander's customer base, in the conventional sense, does not yet exist; eventual revenue will come from gold and silver sales to commodity off-takers once San Luis and Corani reach production.
Highlander Silver firmographics
Firmographics- Name
- Highlander Silver
- Legal name
- Highlander Silver Corp.
- Website
- https://highlandersilver.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Highlander Silver is a publicly listed (TSX and NYSE American: HSLV) mineral exploration and development company advancing high-grade gold-silver and silver projects in Peru, including the bonanza-grade San Luis project and the 229 Moz Corani project acquired via Bear Creek Mining in February 2026, plus the operating Mercedes mine in Mexico.
- Ownership category
- akta.pro rank
Highlander Silver industry classification
Industry- Product category
- Precious Metals Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
- akta.pro secondary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Highlander Silver is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Highlander Silver business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Technology or R&D, Personnel, Others, Infrastructure
Revenue model
- Mineral Production (Future): As a pre-revenue exploration company, Highlander Silver currently has no operating revenue. The company is advancing the San Luis gold-silver project and Corani silver project toward production. The Mercedes gold-silver mine in Mexico made a positive cash contribution in its first month of operations following restructuring under Highlander Silver's stewardship.
- Asset Acquisitions and Development: The company generates value through acquisition and development of silver and gold mining assets, with the goal of reaching commercial production to generate revenue from gold and silver sales.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Highlander Silver product offering
Product offeringCore offering
Highlander Silver is a precious metals mining company that explores, develops, and operates high-grade gold and silver projects in Peru and Mexico. Its portfolio includes the bonanza-grade San Luis gold-silver project (Indicated Resources of 356 koz Au at 24.4 g/t Au and 8.4 Moz Ag at 579 g/t Ag), the large-scale Corani silver project (229 Moz Ag reserves), the La Estrella silver-gold project, and the operating Mercedes gold-silver mine in Mexico. The company is pre-revenue at the exploration stage, advancing its assets toward commercial gold and silver production.
Product overview
Highlander Silver is a silver-growth company focused on advancing a portfolio of silver and gold-silver exploration and development assets in Peru and Mexico. The core portfolio consists of the bonanza-grade San Luis gold-silver project (Peru), the Corani silver project (Peru), and the La Estrella silver-gold project (Peru), along with the operating Mercedes gold-silver mine (Mexico). Following the completion of the Bear Creek Mining acquisition in February 2026, the combined entity holds one of the most significant silver-focused asset portfolios in the Americas.
Differentiator
Problem solved
Functional benefit
Products and services
- San Luis Gold-Silver Project High-grade epithermal gold-silver project located in Ancash Department, Central Peru, adjacent to the past-producing Pierina mine. Hosts Indicated Mineral Resources of 356 koz Au at 24.4 g/t Au and 8.4 Moz Ag at 579 g/t Ag, ranking among the top 10 highest-grade projects globally for both gold and silver.
- Corani Silver Project Large-scale fully-permitted silver project in Puno, Peru, acquired through the business combination with Bear Creek Mining. Hosts approximately 229 million ounces of silver reserves and is described as the largest of its kind globally. A comprehensive geophysical program commenced in June 2026, marking the first exploration drilling on the property in over a decade.
- La Estrella Project Silver-gold exploration project in Central Peru with potential resources estimated at 15-35 Mt averaging 50-60 g/t Ag and 0.4-0.6 g/t Au, containing approximately 25-60 Moz Ag and 0.2-0.7 Moz Au.
- Mercedes Gold-Silver Mine Operating gold-silver mine located in Sonora, Mexico, acquired through the Bear Creek Mining combination. Made a positive cash contribution following restructuring under Highlander Silver's stewardship. Provides operational cash flow to support advancement of the company's exploration portfolio.
Quantifiable outcome
- Drilling at Bonita returned 23.9m at 20.82 g/t Au and 31.53 g/t Ag; Discovery of Kusy zone with 23.6m at 15.56 g/t Au and 74.49 g/t Ag
Companies that use Highlander Silver
Customer profileSegments1 record
Ideal customer profiles1 record
Highlander Silver technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Highlander Silver partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SSR Mining Inc.majorSSR Mining sold the San Luis gold-silver project to Highlander Silver in May 2024. The transaction included an initial payment of US$5 million plus contingent consideration of up to US$37.5 million upon milestone achievements. A 4% net smelter returns royalty was granted to SSR Mining on the San Luis project.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Highlander Silver competitors and assessment
Company assessmentDirect peers
- Bear Creek Mining Corporation: Acquired by Highlander Silver in February 2026 (now wholly-owned subsidiary). Bear Creek owned the Corani silver project in Peru, making it the most direct historical peer in Peruvian silver development.
- SSR Mining Inc. Previous owner of the San Luis gold-silver project and now a 4% NSR royalty holder; SSR Mining is a multi-asset precious-metals producer with overlapping focus on Americas gold-silver operations, directly comparable to Highlander's portfolio.
- Solaris Resources Inc. Led previously by Highlander's CEO Daniel Earle and CFO Sunny Lowe. Solaris is a Latin America-focused Augusta Group-backed mining developer; while copper-focused, the leadership overlap, Augusta sponsorship and development-stage profile make it a closely comparable peer.
- Equinox Gold Corp. Major gold producer with significant operations in Mexico and Brazil; holds overlapping board/advisor relationships with Highlander (via Federico Velasquez's prior role). Equinox's profile of multi-jurisdictional precious-metals production is closely comparable.
- Mag Silver Corp. Silver-focused development and exploration company with the Juanicipio project in Mexico. MAG's pure-silver focus and development-stage profile in the Americas make it a closely comparable peer to Highlander's Corani/San Luis thesis.
- SilverCrest Metals Inc. Recently acquired by Coeur Mining, SilverCrest was a high-grade precious-metals developer (Las Chispas) in Mexico. The high-grade epithermal exploration and development narrative is highly comparable to Highlander's San Luis asset.
Broad incumbents
- Pan American Silver Corp. One of the world's largest primary silver miners with operations across Latin America (including Peru). Pan American is a logical scaled incumbent peer against which Highlander's Corani asset would compete for capital and market attention.
- Hecla Mining Company: The largest U.S.-listed primary silver producer with a diversified portfolio of silver and gold operations. Hecla represents the established North American silver incumbent against which Highlander's emergence as a multi-asset silver platform can be benchmarked.
- Coeur Mining, Inc. U.S.-listed precious-metals miner with operating mines in Mexico and Nevada. Highlander's director Thomas Whelan serves as Coeur's CFO, and the Mercedes mine in Sonora is directly comparable to Coeur's portfolio.
- First Majestic Silver Corp. Established primary silver producer with operations exclusively in Mexico. First Majestic's focused silver production profile in the same regional jurisdiction makes it a relevant benchmark for Highlander's emerging production base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Highlander Silver social profiles
Digital presenceHighlander Silver financial estimates
Financial estimateRevenue estimate
Valuation estimate
Highlander Silver leadership team
Management profileNumber of profiles
Profiles12 records
Highlander Silver subsidiaries and ownership
Company hierarchySubsidiaries1 record
Highlander Silver funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Highlander Silver M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Highlander Silver
What does Highlander Silver do?
Highlander Silver is a precious metals mining company that explores, develops, and operates high-grade gold and silver projects in Peru and Mexico. Its portfolio includes the bonanza-grade San Luis gold-silver project (Indicated Resources of 356 koz Au at 24.4 g/t Au and 8.4 Moz Ag at 579 g/t Ag), the large-scale Corani silver project (229 Moz Ag reserves), the La Estrella silver-gold project, and the operating Mercedes gold-silver mine in Mexico. The company is pre-revenue at the exploration stage, advancing its assets toward commercial gold and silver production.
Is Highlander Silver a public or private company?
Highlander Silver is a public company. It is classified as public and is currently operating.
When was Highlander Silver founded?
Highlander Silver was founded in 2017. It employs 1 to 10 people.
Where is Highlander Silver based?
Highlander Silver is headquartered in Toronto, Canada, in the North America region.
How does Highlander Silver make money?
Two revenue lines are on record. Mineral Production (Future) is the primary driver. The others are asset Acquisitions and Development.
Who are Highlander Silver's main competitors?
Direct peers on record are Bear Creek Mining Corporation, SSR Mining Inc., Solaris Resources Inc., Equinox Gold Corp., Mag Silver Corp. and SilverCrest Metals Inc.. Broad incumbents are Pan American Silver Corp., Hecla Mining Company, Coeur Mining, Inc. and First Majestic Silver Corp..
Does Highlander Silver have an API?
No public API is recorded for Highlander Silver.
What industry is Highlander Silver in?
Highlander Silver's product category is Precious Metals Mining. Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.