Defiance Silver
Defiance Silver Corp. is a Canadian mineral exploration and development company advancing three 100%-owned district-scale silver, copper and gold projects across Mexico's proven mineral belts (Zacatecas, Tepal, Green Earth), funded by equity financings rather than operating revenue.
- Company typePublic
- Founded2007
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Defiance Silver does
Defiance Silver Corp. is a Canadian mineral exploration and development company headquartered in Vancouver, British Columbia, focused on advancing silver, copper, gold, and polymetallic deposits in Mexico's proven mining belts. The company operates three district-scale 100%-owned projects: the flagship Zacatecas silver-polymetallic project (4,217 hectares, +55,000 metres of drilling) in the Mexican Silver Belt adjacent to the world's largest silver mine (Fresnillo); the Tepal copper-gold project (3,321 hectares, +80,000 metres of drilling) in the Mexican Porphyry Copper Belt, which carries a December 2024 NI 43-101 Measured & Indicated resource of 111.67 Mt containing approximately 926,000 oz Au, 473.86 Mlb Cu and 5.58 Moz Ag; and the early-stage Green Earth copper-gold project (6,795 hectares across three properties in Sonora), acquired in July 2025 through the takeover of Green Earth Metals Inc. Exploration is led by geologists involved in the discovery of the La Preciosa silver deposit (sold to Coeur Mining in 2013), using a proprietary mineral systems geoscience methodology claimed to deliver 90% drill-targeting accuracy.
The company's stated technology stack centers on systematic exploration workflows that combine meticulous data analysis, advanced geological mapping, predictive geological modeling, and reassessment/relogging of historical drill databases, with drilling executed by Major Drilling SA de CV. Operational scale is modest (1-10 employees), supported by approximately C$92 million market capitalization, 364 million common shares outstanding (447 million fully diluted), and a multi-year capital base anchored by a C$16.5 million LIFE/private placement closed in June 2025 through Red Cloud Securities.
Defiance Silver is pre-revenue: it does not generate operating income from product sales and funds exploration exclusively through equity financings on the TSX Venture Exchange (DEF), OTCQX (DNCVF), and Frankfurt Stock Exchange (D4E). The company's only "customer segment" is the investor/shareholder community, and the GTM motion is investor relations activity (corporate presentations, SEDAR filings, PDAC and Deutsche Goldmesse participation, press releases via Newsfile Corp, and social channels). The business model targets resource expansion and eventual development toward a mining or sale transaction, with upcoming catalysts including a new Mineral Resource Estimate at San Acacio driven by the 10,000-metre oriented drill program that commenced in September 2025.
Defiance Silver firmographics
Firmographics- Name
- Defiance Silver
- Legal name
- Defiance Silver Corp.
- Website
- https://defiancesilver.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Defiance Silver Corp. is a Canadian mineral exploration and development company advancing three 100%-owned district-scale silver, copper and gold projects across Mexico's proven mineral belts (Zacatecas, Tepal, Green Earth), funded by equity financings rather than operating revenue.
- Ownership category
- akta.pro rank
Defiance Silver industry classification
Industry- Product category
- Mineral Exploration and Development
- NAICS
- Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
- akta.pro secondary industry
- Copper Exploration & Resource Development (IMAKADAA)
Keywords
Where Defiance Silver is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Defiance Silver business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Supply Chain
Distribution channels1 record
Marketing channels5 records
Defiance Silver product offering
Product offeringCore offering
Defiance Silver is a mineral exploration and development company advancing three district-scale projects for silver, copper, and gold across Mexico's prolific mineral belts. The company focuses on systematic exploration using mineral systems geoscience and predictive modeling, with over 135,000 meters of historic drilling, and is currently executing a 10,000-meter drill program to support an upcoming mineral resource estimate at its Zacatecas Project.
Product overview
Defiance Silver Corp. is a Canadian-based exploration and development company operating three district-scale mining projects across Mexico's prolific mineral belts. The company's portfolio consists of three distinct projects: the flagship Zacatecas silver-polymetallic project in the Mexican Silver Belt, the advanced Tepal copper-gold project in the Mexican Porphyry Copper Belt with an established NI 43-101 resource, and the early-stage Green Earth copper-gold project in Sonora. The company applies systematic mineral systems geoscience and predictive modeling to advance exploration and expand mineral resources toward development.
Differentiator
Problem solved
Functional benefit
Products and services
- Zacatecas Project District-scale 4,217-hectare silver-polymetallic exploration project located in the Mexican Silver Belt in the same mineral trend as Fresnillo, the world's largest primary silver mine. The project has over 55,000 meters of drilling completed and historic production dating to the 1500s, serving as Defiance's flagship project for silver and gold exploration.
- Tepal Project 100% owned district-scale 3,321-hectare advanced copper-gold exploration project with approximately 80,000 meters of drilling completed and a new NI 43-101 Measured & Indicated mineral resource across three deposits (111.67 Mt containing 926,000 oz Au, 473.86 Mlb Cu, and 5.58 Moz Ag), located in NW Michoacan State within the Mexican Porphyry Copper Belt.
- Green Earth Project Early-stage district-scale 6,795-hectare copper-gold exploration project spanning three properties (Victoria, Espiritu, Los Ocotes) on the same geological trend as Mexico's Cananea copper mine, one of the largest open-pit copper mines globally, located in Sonora, Mexico.
Quantifiable outcome
- High-grade silver intercepts of up to 2,120 g/t Ag at San Acacio project
- +2 more outcomes
Companies that use Defiance Silver
Customer profileSegments1 record
Ideal customer profiles1 record
Defiance Silver technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Defiance Silver partnerships and signals
Strategic signalScale indicators5 records
Recent moves7 records
Expansion highlights6 records
Defiance Silver competitors and assessment
Company assessmentDirect peers
- Endeavour Silver: Mid-tier silver producer operating mines in Mexico (Guanaceví, Bolañitos). Same silver-belt geography and similar mix of exploration and production assets.
- Vizsla Silver: Mexican-focused silver-gold explorer advancing the Panuco project in Sinaloa. Closely comparable as a district-scale, single-country silver developer at a similar stage of resource delineation.
- First Majestic Silver: Canadian silver producer with multiple operating mines in Mexico's silver belts. Directly comparable as a Mexico-focused silver company covering exploration through production.
- Dolly Varden Silver: Silver-focused explorer-developer in British Columbia with high-grade silver resources. Comparable as a single-commodity silver developer working to convert drilling into resources.
- SilverCrest Metals: Developer of the Las Chispas silver-gold project in Sonora, Mexico (acquired by Coeur Mining in 2025). Comparable district-scale Mexican silver-gold developer that converted exploration success into a corporate exit.
- Avino Silver & Gold Mines: Silver-gold producer with operations in Durango, Mexico. Comparable mid-cap silver company balancing production with district-scale exploration upside in Mexico.
- Discovery Silver: Developer of the Cordero silver-gold project in Chihuahua, Mexico. Highly comparable pre-production silver company with NI 43-101 resource advancing toward PEA/PFS.
- IMPACT Silver: Silver producer in the Zacatecas district and the original vendor of the Santa Gabriela/Veta Grande assets that Defiance optioned in 2011. Direct overlap in the same Mexican Silver Belt geology.
Broad incumbents
- Fresnillo plc: World's largest primary silver producer operating the Fresnillo mine, located on the same mineral trend as Defiance's Zacatecas Project. Largest incumbent in Defiance's flagship district.
- Pan American Silver: Major silver producer with multiple Mexican mines (including La Colorada, and former MAG Silver assets) and the optionor of Defiance's Lucita property. Relevant incumbent acquirer/partner in the same belt.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Defiance Silver social profiles
Digital presenceDefiance Silver financial estimates
Financial estimateRevenue estimate
Valuation estimate
Defiance Silver leadership team
Management profileNumber of profiles
Profiles5 records
Defiance Silver subsidiaries and ownership
Company hierarchySubsidiaries2 records
Defiance Silver funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Defiance Silver M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Defiance Silver
What does Defiance Silver do?
Defiance Silver is a mineral exploration and development company advancing three district-scale projects for silver, copper, and gold across Mexico's prolific mineral belts. The company focuses on systematic exploration using mineral systems geoscience and predictive modeling, with over 135,000 meters of historic drilling, and is currently executing a 10,000-meter drill program to support an upcoming mineral resource estimate at its Zacatecas Project.
Is Defiance Silver a public or private company?
Defiance Silver is a public company. It is classified as public and is currently operating.
When was Defiance Silver founded?
Defiance Silver was founded in 2007. It employs 1 to 10 people.
Where is Defiance Silver based?
Defiance Silver is headquartered in Vancouver, Canada, in the North America region.
Who are Defiance Silver's main competitors?
Direct peers on record are Endeavour Silver, Vizsla Silver, First Majestic Silver, Dolly Varden Silver, SilverCrest Metals, Avino Silver & Gold Mines, Discovery Silver and IMPACT Silver. Broad incumbents are Fresnillo plc and Pan American Silver.
Does Defiance Silver have an API?
No public API is recorded for Defiance Silver.
What industry is Defiance Silver in?
Defiance Silver's product category is Mineral Exploration and Development. Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKADAA, Copper Exploration & Resource Development. Its NAICS code is 212220 and its SIC code is 1040.