The KE Report Silver Storm Mining - La Parrilla Project: A Near-Term Silver Restart With Exploration Growth Potential
Dec 8, 2025
Greg McKenzie, President & CEO of Silver Storm Mining, discusses the exciting near-term plans for the La Parrilla Mine and the potential of the San Diego silver project. He shares the timeline for a Q2 2026 restart, backed by a two-year Samsung offtake agreement. With an impressive historical output of 34 Moz and a target production of ~3 Moz/year, the focus is on capitalizing on low costs and a strong resource base. The conversation includes insights on expansion plans to increase production and the company’s solid shareholder support.
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La Parrilla Near-Term Restart
- La Parrilla produced 34 Moz AgEq historically and is set for a Q2-2026 restart after plant rehab.
- Greg McKenzie says the site is essentially ready and rehab will finish early next year to enable restart.
Sufficient Restart Capital On Hand
- Silver Storm holds US$35M on the balance sheet and has been deploying it toward the plant rehab and restart.
- McKenzie states the company has sufficient capital to complete the restart and ramp to full operations.
Acquisition Details And Rationale
- Silver Storm acquired La Parrilla from First Majestic for roughly US$20M in August 2023.
- First Majestic put the mine on care and maintenance in 2019 as it focused on larger operations.