Mining Silver Industry Surges Ahead in Production Growth Phase
In the mining industry, companies are continuously seeking to push the boundaries and explore new territories for precious metals. Here are some recent developments from companies operating in North America and Peru.
Americas Gold and Silver Corporation has announced high-grade results from its Galena Complex, located in Idaho, USA. The company reported a significant 149 vein extension, with impressive silver and copper grades of 24,913 g/t silver and 16.9% copper over 0.61 metres.
Meanwhile, Silver47 Exploration Corp. has identified 16 distinct target areas with strong discovery potential across its Red Mountain project in Alaska. Historical samples from the project have returned grades up to 2,340 g/t silver, indicating the area's rich mineral content. Silver47 is moving towards a major drilling campaign to test these high-priority targets.
In Peru, Magma Silver Corp. has initiated its Q3 work program at the Ninobamba project. The program, led by Senior Geologist Edgar Leon and overseen by Jeffrey Reeder, P.Geo., is designed to refine drill targets and expand technical knowledge of the mineralized zones at Jorimina and Randypata. Magma Silver expects to wrap up its pre-drilling work and release rock sample results by the end of Q3 2025.
The Ninobamba project, spanning 4,100 hectares, is anchored by three contiguous areas: Main, Randypata, and Jorimina. Drilling at Jorimina is scheduled to commence in Q4 2025, with initial results expected before the year-end.
Guanajuato Silver Company has received a key permit at its Pinguico Mine, clearing the path for expanded underground development and increased silver production. The company, which is focused on ramping up production across its portfolio of Mexican silver mines, recently closed a C$18 million financing to fund operations and development activities across its Mexican silver properties.
James Anderson, Chairman and CEO of Guanajuato Silver Company, stated that the permit represents a significant milestone for the company. The company is not planning to expand its excavation programs in 2026 to explore mineral deposits in Peru, as reported by the search results.
On the other hand, Silver47's CEO, Gary Thompson, stated that the target generation work significantly expanded their understanding of the mineralized system. The company is actively reviewing potential acquisitions to broaden its exposure to silver and gold assets.
Coeur Mining, Inc., a major player in the industry, reported second quarter 2025 results with silver production of 3.7 million ounces and total production of 196,978 gold equivalent ounces. The company generated $188.1 million in revenue during the second quarter of 2025.
As the race for precious metals continues, these companies' efforts demonstrate the ongoing commitment to discover and develop high-grade silver and gold deposits. The mining industry remains an exciting and dynamic sector, with numerous opportunities for growth and discovery.
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