Silver Storm Mining
Silver Storm Mining is a Canadian junior silver producer operating the 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico, currently restarting a past-producing 2,000 tpd mine with oxide and sulphide circuits and holding the San Diego exploration-stage silver-zinc project.
- Company typePublic
- Founded2001
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Silver Storm Mining does
Silver Storm Mining Ltd. (formerly Golden Tag Resources Ltd., renamed November 2023) is a Canadian junior mining company headquartered in Toronto and listed on the TSX Venture Exchange (SVRS), OTCQB (SVRSF), and Frankfurt Stock Exchange (SVR). The company holds advanced-stage silver projects in Durango, Mexico, with its core asset being the 100%-owned La Parrilla Silver Mine Complex — a past-producing operation located 76 km southeast of Durango city comprising a 2,000 tpd processing facility, three underground mines (Quebradillas, San Marcos, Rosarios), and 41 contiguous mining concessions covering 69,478 hectares. The complex historically produced 34.3 million silver-equivalent ounces between 2005 and 2019. Silver Storm acquired La Parrilla from First Majestic Silver in August 2023 for no disclosed purchase price, completed a C$7.2 million acquisition of Till Capital Corp. in July 2025 (adding the Springer royalty in Nevada), and has been executing a restart of La Parrilla.
The company's underlying technology centers on conventional silver mining and mineral processing: an oxide processing circuit (currently commissioning, producing silver-gold doré from open-pit oxide stockpile) and a sulphide flotation circuit being expanded from 1,000 to 1,250 tpd via eight new 1,000 ft³ flotation cells. A new on-site assay and metallurgical laboratory, expected to be commissioned by end of Q2 2026, uses fire assay with gravimetric finish and atomic absorption spectrometry for sample analysis. The company also holds the San Diego Project in the Velardeña mining district, described as among the largest undeveloped silver-zinc projects in Mexico, with over 33,000 meters of historical surface diamond drilling.
Silver Storm's revenue model is commodity metals production — silver-gold doré bars sold to refiners and global commodity markets at prevailing market prices. The company generated no revenue through 2021–2025 and completed its first doré pour in June 2026 as part of commissioning the oxide circuit. The customer base is effectively the global commodity market (refiners and exchanges); no specific end-customer relationships are disclosed. Go-to-market is operational rather than commercial: the company targets becoming an emerging mid-tier silver producer. Capital has been raised through successive private placements since 2020, with Eric Sprott (approximately 11.9% holder) and First Majestic Silver as anchor investors. As of February 2026, the company carried an approximate market capitalization of C$445 million at C$0.59 per share.
Silver Storm Mining firmographics
Firmographics- Name
- Silver Storm Mining
- Legal name
- Silver Storm Mining Ltd.
- Website
- https://silverstorm.ca
- Company type
- Public
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Silver Storm Mining is a Canadian junior silver producer operating the 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico, currently restarting a past-producing 2,000 tpd mine with oxide and sulphide circuits and holding the San Diego exploration-stage silver-zinc project.
- Ownership category
- akta.pro rank
Silver Storm Mining industry classification
Industry- Product category
- Silver Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
Keywords
Where Silver Storm Mining is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Silver Storm Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D
Revenue model
- Silver-Gold Doré Production: The company generates revenue through mining operations producing silver-gold doré at its La Parrilla Silver Mine Complex. The oxide processing circuit is producing doré while the sulphide circuit is being commissioned, with full 2,000 t/d processing capacity expected once both circuits are operational.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Silver Storm Mining product offering
Product offeringCore offering
Silver Storm Mining is a junior mining company focused on silver exploration and production through its 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico. The complex features a 2,000 tpd processing facility with oxide and sulphide flotation circuits that produce silver-gold doré bars for sale to refiners and global commodity markets. The company also holds the San Diego Project, an advanced-stage silver-zinc exploration property in the Velardeña mining district.
Product overview
Silver Storm Mining Ltd. is a junior natural resource company engaged in mineral exploration and production in Mexico. The company operates the La Parrilla Silver Mine Complex (a 100%-owned past-producing silver mine with 2,000 tpd processing capacity) and holds the San Diego Project (an advanced exploration-stage silver-zinc project). The company is currently restarting operations at La Parrilla, which includes oxide and sulphide processing circuits, an on-site assay laboratory, and multiple underground mines (Quebradillas, San Marcos, Rosarios).
Differentiator
Problem solved
Functional benefit
Products and services
- La Parrilla Silver Mine Complex A 100%-owned past-producing silver mine complex located 76 km southeast of Durango city, Mexico, comprising a 2,000 tpd processing facility with oxide and sulphide flotation circuits and three underground mines (Quebradillas, San Marcos, Rosarios). The complex spans 69,478 hectares across 41 contiguous mining concessions and historically produced 34.3 million silver-equivalent ounces between 2005 and 2019. It currently produces silver-gold doré for sale to refiners and commodity markets.
- San Diego Project An advanced-stage exploration silver-zinc project located in the Velardeña mining district of Durango, Mexico, recognized as one of the largest undeveloped silver-zinc projects in Mexico. Over 33,000 metres of surface diamond drilling have been completed on the property to date. Silver Storm owns 100% interest in the project.
- Silver-Gold Doré Production Silver-gold doré bars produced from the oxide and sulphide processing circuits at the La Parrilla Silver Mine Complex. The doré is sold to refiners and through global commodity markets at prevailing market prices for silver and gold.
Quantifiable outcome
- First silver-gold doré pour completed June 2026
- +1 more outcomes
Companies that use Silver Storm Mining
Customer profileSegments1 record
Ideal customer profiles2 records
Silver Storm Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Silver Storm Mining partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- MINPRO S.A. de C.V.coreMINPRO, founded in 2008 and headquartered in Chihuahua, provides underground and open-pit development, drilling, blasting, and haulage services. The company was engaged by Silver Storm to provide contract underground mine development services at La Parrilla, with mobilization expected to be completed by end of May 2026. MINPRO brings strong safety performance, engineering discipline, and reliable execution with an integrated equipment fleet.
- Constructora Mexgeo S. de R.L. de C.V.coreMexgeo, founded in 2011 and based in Torreón, Coahuila, delivers underground development, exploration support, and civil works with a technically experienced team. Silver Storm engaged Mexgeo to provide contract underground mine development services at La Parrilla, emphasizing disciplined project management, value-driven execution, and safety with an integrated service model.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Silver Storm Mining competitors and assessment
Company assessmentBroad incumbents
- Coeur Mining, Inc. U.S.-based silver-gold producer with North American operations (Palmarejo in Mexico). Comparable as a silver-focused producer with Mexican exposure and similar mid-cap profile.
- Pan American Silver Corp. Large diversified silver producer with multiple Mexican operations including La Colorada (where Silver Storm's GM Mexico Arturo Zamudio previously led operations). Broad incumbent with overlapping Mexican silver asset exposure.
- Hecla Mining Company: Largest U.S.-listed silver producer with diversified North American operations. Comparable as a primary silver producer of similar scale, though geographically focused on the Americas rather than Mexico specifically.
Direct peers
- First Majestic Silver Corp. Major Mexican-focused silver producer and the former operator of La Parrilla. Also a significant shareholder of Silver Storm, providing direct strategic alignment and a benchmark for Mexican silver production economics.
- Endeavour Silver Corp. Mid-tier silver producer with operating mines in Mexico (Guanaceví, Terronera). Silver Storm's Project Director David Travis previously led senior mine management at Endeavour's Mexican operations, underscoring direct operational comparability.
- MAG Silver Corp. Silver-focused developer with the Juanicipio mine in Zacatecas, Mexico (joint venture with Fresnillo). Comparable as a pure-play silver exposure on advanced-stage Mexican underground assets.
- Avino Silver & Gold Mines Ltd. Mexican silver-gold producer operating the Avino mine in Durango with oxide and sulphide processing circuits. Highly comparable geography (Durango) and processing flowsheet to Silver Storm's La Parrilla.
- Americas Gold and Silver Corporation: Silver-focused producer with Mexican operations (Cosalá). Comparable as a junior-to-mid-tier silver producer with similar Mexican jurisdictional profile and silver-dominant output mix.
- Fortuna Silver Mines Inc. Mid-tier silver-gold producer with Mexican assets (San José) and Latin American footprint. Comparable mid-tier silver producer profile and processing approach.
- Gatos Silver, Inc. Silver-zinc producer operating the Cerro Los Gatos mine in Mexico. Closely comparable on the silver-zinc mineralogy and Mexican operating profile, particularly with respect to Silver Storm's San Diego silver-zinc project.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Silver Storm Mining social profiles
Digital presenceSilver Storm Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Silver Storm Mining leadership team
Management profileNumber of profiles
Profiles5 records
Silver Storm Mining funding detail
Funding detailFunding overview
Funding rounds14 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Silver Storm Mining 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 Silver Storm Mining
What does Silver Storm Mining do?
Silver Storm Mining is a junior mining company focused on silver exploration and production through its 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico. The complex features a 2,000 tpd processing facility with oxide and sulphide flotation circuits that produce silver-gold doré bars for sale to refiners and global commodity markets. The company also holds the San Diego Project, an advanced-stage silver-zinc exploration property in the Velardeña mining district.
Is Silver Storm Mining a public or private company?
Silver Storm Mining is a public company. It is classified as public and is currently operating.
When was Silver Storm Mining founded?
Silver Storm Mining was founded in 2001. It employs 1 to 10 people.
Where is Silver Storm Mining based?
Silver Storm Mining is headquartered in Toronto, Canada, in the North America region.
How does Silver Storm Mining make money?
One revenue line is on record: silver-Gold Doré Production.
Who are Silver Storm Mining's main competitors?
Broad incumbents on record are Coeur Mining, Inc., Pan American Silver Corp. and Hecla Mining Company. Direct peers are First Majestic Silver Corp., Endeavour Silver Corp., MAG Silver Corp., Avino Silver & Gold Mines Ltd., Americas Gold and Silver Corporation, Fortuna Silver Mines Inc. and Gatos Silver, Inc..
Does Silver Storm Mining have an API?
No public API is recorded for Silver Storm Mining.
What industry is Silver Storm Mining in?
Silver Storm Mining's product category is Silver Mining. Its primary akta.pro industry code is IMAKAEAB, Silver Mining. Its NAICS code is 212220 and its SIC code is 1040.