Southern Silver Exploration

What Southern Silver Exploration does

Southern Silver Exploration Corp. (TSX-V: SSV; OTCQX: SSVFF) is a Canadian mineral exploration and development company founded in 2004 and headquartered in Vancouver, British Columbia. The company focuses on the acquisition, exploration, and development of precious and base metal mineral properties, with a particular emphasis on high-grade silver-lead-zinc and polymetallic deposits in major mining jurisdictions of North America. Its asset portfolio consists of four principal projects: the flagship Cerro Las Minitas silver-lead-zinc project in Durango, Mexico (100%-owned); the Nazas gold-silver polymetallic greenfields project in Durango, Mexico (option to own 100%); the Oro porphyry copper-gold project in southern New Mexico, USA; and the Hermanas gold-silver vein project, also in New Mexico.

The company's underlying business is conventional mineral exploration and drilling, applied through systematic drill programs, baseline studies, and economic assessments to delineate mineral resources and advance projects toward production. Its flagship Cerro Las Minitas asset, located in Mexico's prolific Faja de Plata belt, is supported by a 2024 Preliminary Economic Assessment (PEA) that outlines an after-tax NPV5% of US$501 million and an IRR of 21.2% based on a large-scale underground mining scenario. Recent 2025-26 drilling at the Puro Corazon target has delineated high-grade polymetallic mineralization over a 400-meter strike length and 450-meter depth, prompting a follow-on 12,500-meter infill drill program.

Southern Silver is pre-revenue and operates as a development-stage explorer; it does not generate operating revenue and instead creates shareholder value through exploration success, asset acquisition, the issuance of equity financings, and joint-venture or earn-in partnerships with strategic mining companies. Capital is raised primarily through bought-deal and non-brokered private placements underwritten by Red Cloud Securities Inc. The company employs between 1 and 10 people and is led by President & Director Lawrence Page K.C., Vice President of Exploration Rob Macdonald (MSc., P.Geo., the project's Qualified Person under NI 43-101), Corporate Development lead Jay Oness, and a board that includes recently appointed director Ramon Davila.

Name

Southern Silver Exploration

Legal name

Southern Silver Exploration Corp.

Website

https://southernsilverexploration.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Southern Silver Exploration Corp. is a Canadian mineral exploration and development company focused on discovering and advancing high-grade silver-lead-zinc and polymetallic deposits in Mexico and the United States, with its flagship Cerro Las Minitas project in Durango, Mexico.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Gold Ore and Silver Ore Mining (21222), 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 industry

PRIMARYIMAKAEAB

Silver Mining

Industrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)

SECONDARYIMAKAEAI

Precious Metals Exploration & Project Development

Industrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)

Keywords

• Mineral exploration services
• Silver lead zinc mining
• Polymetallic deposit exploration
• Precious metals exploration
• Mineral property development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Exploration and Development: Pre-revenue exploration company currently in the development stage. The company generates value through exploration success, property acquisitions, and joint-venture partnerships. Revenue will ultimately come from mining operations once projects reach production.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Southern Silver Exploration Corp. is a Canadian mineral exploration and development company engaged in the acquisition, exploration, and development of precious and base metal mineral properties in North America. The company focuses on discovering world-class silver-lead-zinc and polymetallic deposits through its flagship Cerro Las Minitas project in Durango, Mexico, alongside the Nazas, Oro, and Hermanas exploration projects. Currently a pre-revenue development-stage issuer, the company intends to generate future revenue through mineral production or development/partner monetization of its advanced projects.

Product overview

Southern Silver Exploration is a Canadian natural resource company engaged in the acquisition, exploration, and development of mineral properties. The company operates four principal exploration projects: the flagship Cerro Las Minitas silver-lead-zinc project in Mexico, the Nazas gold-silver polymetallic project in Mexico, the Oro porphyry copper-gold project in New Mexico, and the Hermanas gold-silver vein project in New Mexico. The company focuses on discovering world-class mineral deposits in major jurisdictions, with specific emphasis on developing Cerro Las Minitas into a premier high-grade silver-lead-zinc mine.

Differentiator

Problem solved

Functional benefit

Products and services

• Cerro Las Minitas Project Flagship silver-lead-zinc exploration and development project in Durango, Mexico, located in the Faja de Plata belt. The project hosts a large-scale underground mining opportunity with a 2024 preliminary economic assessment showing US$501M after-tax NPV5% and 21.2% IRR. Southern Silver holds 100% interest in the project and is currently delineating high-grade polymetallic mineralization at the Puro Corazon target with a planned 12,500-metre infill drilling program.
• Nazas Project Greenfields gold-silver polymetallic exploration project located 12km from Endeavour Silver's Pitarrilla project in Durango, Mexico. Southern Silver holds an option to own 100% of the project, which hosts drill-ready high-grade Au-Ag-polymetallic targets identified through exploration since the 1990s.
• Oro Polymetallic Project Porphyry copper-gold exploration project located in southern New Mexico, USA. The project lies within a belt of major Carbonate Replacement Deposits (CRD) extending from western New Mexico through east-central Mexico and has seen renewed exploration work under Southern Silver's ownership.
• Hermanas Project Gold-silver vein exploration project located in southern New Mexico, USA. Permitting applications for drill programs at Hermanas are nearing completion, representing one of Southern Silver's emerging exploration assets.

Quantifiable outcome

• PEA shows US$501M after-tax NPV5% and 21.2% IRR

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Freeport-McMoRan Exploration Corporation (FMEC)coreStrategic or Co-development Partner · 1 September 2009Earn-in agreement where FMEC could earn 70% interest in Dragoon Porphyry Project by spending US$3 million on the property by December 31, 2012. FMEC assumed all annual property maintenance requirements and underlying option payments. Parent company Freeport-McMoRan is the world's largest publicly traded copper company.
• Fury Explorations Ltd.minorStrategic or Co-development PartnerOption agreement to earn up to 65% interest in Magistral I concession through share issuances totaling 500,000 shares and US$3 million in exploration expenditures over five years.
• Soltoro Ltd.minorStrategic or Co-development PartnerOption to acquire 70% interest in Quila property by issuing 500,000 shares and expending US$3.0 million on exploration over five years. Soltoro retains 30% carried interest.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• MAG Silver Corp. Canadian precious-metal developer with a flagship silver-dominant polymetallic asset (Juanicipio, Mexico). Directly comparable to Southern Silver as a silver-focused explorer/developer active in Mexico's Faja de Plata and adjacent belts.
• Endeavour Silver Corp. Mid-tier silver producer with multiple operating mines in Mexico, including the Pitarrilla project referenced by Southern Silver. Comparable as a Mexico-focused silver miner/explorer in the same Faja de Plata region.
• Dolly Varden Silver Corporation: Canadian-listed junior advancing high-grade silver-polymetallic projects in British Columbia. Comparable scale and stage: pre-revenue silver developer with a recent PEA and capital-raising reliance.
• SilverCrest Metals Inc. Silver-focused developer advancing the Las Chispas mine in Sonora, Mexico. Closely comparable jurisdiction, commodity mix, and junior-developer transition profile.
• Avino Silver & Gold Mines Ltd. Silver-gold producer with a long-life operation in Durango, Mexico (Avino mine). Comparable silver-lead-zinc exposure and Mexican jurisdictional profile to Cerro Las Minitas.

Broad incumbents

• First Majestic Silver Corp. Larger established Mexican-focused silver producer with multiple operating mines. Comparable commodity and geography; broader scale and operating (not exploration) profile.
• Hecla Mining Company: Long-established North American silver producer with diversified operations including silver-lead-zinc mines. Comparable commodity mix with focus on silver-rich polymetallic orebodies.
• Pan American Silver Corp. Major silver producer with multiple Mexican operations including La Colorada, near the Faja de Plata. Provides a benchmark for what scaled-up production from a silver asset like Cerro Las Minitas could look like.

Emerging players

• Silver Storm Mining Corp. Junior silver developer advancing the La Parrilla/Platosa-style polymetallic projects in Mexico. Comparable size, jurisdiction, and stage of advancement to Southern Silver.
• Kootenay Silver Inc. Junior silver-explorer with Mexican silver-polymetallic assets in Sonora. Comparable as a peer-sized silver-focused explorer in similar Mexican mineral belts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/manexgroup
• Facebookfacebook.com/113082918712428
• LinkedInlinkedin.com/company/southern-silver-exploration-corp-ssv-

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Southern Silver Exploration