Summary:
La Parrilla is an underground mine complex owned by Silver Storm consisting of multiple inter-connected mines within a ~38,128-ha land package. The property has known mineralization throughout, with a complex of five past-producing underground mines surrounding the mill including Los Rosarios, La Rosa, San Jose, Quebradillas and San Marcos.
Full production from the mine for 2018 totaled 2.3 Moz AgEq meanwhile 2017 production totaled 2.5 Moz AgEq. The mine was placed on care and maintenance in 2019 to complete exploration and development work. The mine has a 2,000 tpd processing plant and all associated infrastructure. Upon completion of the acquisition of the mine from First Majestic Silver, Silver Storm plans to release a mine restart plan for La Parrilla and outlined Q3-2025 as a target to restart mining at La Parrilla.
Recent highlights from drilling at La Parrilla include 500 g/t AgEq over 14.8 meters, 1,810 g/t AgEq over 14.6 meters and 1,000 g/t AgEq over 5.25 meters.
Interest: 2% NSR Royalty
Location: Durango, Mexico
Project Status: Development
Counterparty: Silver Storm Mining
