The KE Report Magma Silver - Advancing the Niñobamba Silver-Gold Project in Peru
Nov 13, 2025
Steve Barley, Chairman and CEO of Magma Silver, shares exciting insights into the Niñobamba silver-gold project in Peru. With over 25 years in public companies, he reveals how the project’s consolidation under one company allows a fresh focus on exploration. Barley highlights impressive high-grade results, including 10m @ 2 g/t gold and 5m @ 4 oz/t silver. He discusses the secured drill permits and a $5M financing with backing from major investors like Eric Sprott, as well as ongoing community engagement essential for future developments.
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Advanced Project With Major-Company Work
- The Niñobamba project already has extensive past work including ~65 Newmont drill holes and US$10M spent by majors.
- That legacy work gives Magma Silver a runway to rapidly advance toward a compliant resource by building on prior data.
Complementary Missed Targets By Majors
- Different majors focused on different targets, so Newmont overlooked a two-kilometer silver anomaly while Bear Creek didn't test for gold.
- Consolidating the land package lets Magma target both gold and silver across complementary targets.
Recent Sampling Beat Historic Results
- Magma's Phase 1–2 sampling exceeded Newmont's reported results with high-grade intercepts including 10m @ >2 g/t Au and 5m @ >4 oz/t Ag.
- These results highlight materially better near-surface continuity and additional targets not tested by past operators.