Nilam Resources Inc

What Nilam Resources Inc does

Nilam Resources Inc. is a publicly traded precious metal mining company focused on poly-metallic mineral extraction in Peru. The company operates two mining projects: the El Varon Project (comprising the Tati and San Marino No.2 concessions) with planned monthly output of 4,000-6,000 tonnes, and the Llipa Project (comprising the Prospera and La Prospera XXI concessions) in central Peru, where 1 million tons of pre-existing tailings containing copper, gold, silver, and zinc remain on site. Both projects target poly-metallic deposits and are positioned along the NW Mineralization Trend between the Antamina and Cerro de Pasco major mines.

The company's business model centers on B2B sales of extracted commodities — gold, silver, copper, and zinc — to commodity traders, metal exchanges, and industrial buyers via direct sales channels. Nilam is publicly traded on the OTC Bulletin Board under NILA.OTCQB and on the Frankfurt Exchange, with 56,095,345 common shares outstanding. Its go-to-market is sales-led, targeting investors in the resource sector while establishing mining operations with planned production outputs.

The company employs 1-10 people and is led by President and CEO Shahin Tabatabaei (director since May 15, 2007) and IT Geomatics Engineer Gustavo Puente (22+ years of mining experience). A material governance concern is that the company's public-facing website (southamericanmining.com) explicitly states it is "Unofficial" and "does not cooperate nor represent Nilam Resources Inc. in any way," suggesting limited corporate communications infrastructure. No revenue figures have been disclosed, and the mining projects appear to be in development or pre-production phase rather than active commercial extraction.

Name

Nilam Resources Inc

Legal name

Nilam Resources Inc.

Website

http://www.southamericanmining.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Nilam Resources Inc. is a publicly traded poly-metallic mining company developing two precious metal extraction projects (El Varon and Llipa) in Peru, targeting gold, silver, copper, and zinc deposits for sale to commodity buyers.

Ownership category

akta.pro rank

Product category

Precious Metal Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230), Metal Ore Mining (2122)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Ore Processing & Beneficiation (IMAKAEAD)

akta.pro secondary industries

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Copper Concentration (Crushing, Grinding, Flotation) (IMAKADAC), Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Precious metal mining
• Poly-metallic mining
• Gold extraction
• Copper mining
• Mineral resources

Headquarters

HQ city

Miraflores

HQ country

Peru

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Others

Revenue model

1. Mineral Sales: Revenue generated from extraction and sale of precious and base metals (gold, silver, copper, zinc) extracted from mining operations in Peru. The company operates two mining projects (El Varon and Llipa) targeting poly-metallic mineral deposits.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Nilam Resources Inc. is a precious metal mining company that extracts and sells gold, silver, copper, and zinc from two poly-metallic mining projects in Peru: the El Varon Project (Tati and San Marino No.2 concessions) and the Llipa Project (Prospera mine and La Prospera XXI concessions). The company sells extracted minerals directly to commodity traders, metal exchanges, and industrial buyers through global commodity markets.

Product overview

Nilam Resources Inc is a precious metal mining company operating two mining projects in Peru: the El Varon Project (with Tati and San Marino No.2 concessions producing gold, silver, copper, and zinc) and the Llipa Project (with Prospera mine and La Prospera XXI concessions). Both projects focus on poly-metallic mineral extraction from large deposits, with the company positioned as a leading producer of gold and precious metals in South America.

Differentiator

Problem solved

Functional benefit

Products and services

• El Varon Project Precious metal mining operation comprising the 'Tati' and 'San Marino No.2' mining concessions, extracting gold, silver, copper, and zinc with planned monthly output of 4,000-6,000 tonnes.
• Llipa Project

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

One partnership is on record.

• Antamina (Noranda, TeckCominco, BHP Billiton, Mitsubishi Corp joint venture)minorOthersAntamina is a neighboring poly-metallic mine located along the same NW Mineralization Trend as the Llipa project. It has mineral reserves of 501Mt and production capacity of 70,000 tonnes/day. This is not an official partnership but rather a geographic reference point showing Llipa's potential.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• Volcan Compañía Minera: Peru's largest poly-metallic miner (owns Cerro de Pasco, Nilam's direct neighbor on the NW Mineralization Trend). Directly comparable geological setting and poly-metallic production profile (zinc, silver, lead, copper), but at vastly larger scale and an established operator.
• Compañía de Minas Buenaventura: Peru's largest precious-metals-focused miner with gold and silver operations across Peru. Comparable jurisdiction, target metals, and Peruvian community-relations model; operates at much larger scale with diversified mine portfolio.
• Pan American Silver Corp. Large silver and gold producer with multiple Peruvian and Latin American operations. Comparable product mix and geographic footprint, but operates at significantly larger scale and with diversified asset base.
• Newmont Corporation: World's largest gold miner with the Conga project in Peru (Cajamarca region). Comparable gold production focus and Peruvian operational exposure, but at vastly larger scale and as a global major.
• Gold Fields Limited: Major gold producer with a stake in Peru's Cerro Corona mine. Comparable gold-focused production and Peruvian operational footprint, but at global major scale with diversified regional portfolio.

Direct peers

• Hochschild Mining plc: London-listed precious-metals miner (gold and silver) with significant underground operations in Peru. Closely comparable product mix, geography, and underground poly-metallic mining model — direct Peruvian precious-metals peer.
• Fortuna Silver Mines Inc. Mid-tier silver and gold producer with primary operations in Peru (Caylloma) and Mexico. Comparable precious-metals production profile, Peruvian jurisdiction, and small-cap public-company structure.
• Minera IRL Limited: Junior gold miner focused exclusively on Peru, including the Ollachea gold project. Directly comparable as a small-cap, Peru-focused precious-metals operator targeting similar underground gold deposits.
• First Majestic Silver Corp. Mid-tier silver and gold producer with operations across Latin America. Comparable precious-metals focus and small-to-mid cap public structure with similar growth-oriented, poly-metallic production model.

Emerging players

• MAG Silver Corp. Silver-focused junior with Mexican Juanicipio project in partnership with Fresnillo. Similar small-cap precious-metals development profile, though geography differs; useful comparable for precious-metals junior economics.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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 Nilam Resources Inc