High-grade drill results and a new vein discovery at the Sunshine Mine advance the 2027 feasibility study
SSMR is trading near its 52-week low of $12.51 (12% above the low).
Summary
Sunshine Silver Mining reported new high-grade drill results from its Idaho mine, including the discovery of the 10 Vein, supporting its 2027 feasibility study and planned production restart in late 2028.
Key Events · Product Development and Regulatory · SSMR
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High-Grade Drill Results
Confirming high-grade mineralization, the new results include 2.19m of 1,135 gpt silver and 0.74m of 1,667 gpt silver, with multiple intercepts exceeding 1,000 gpt silver.
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New 10 Vein Discovery
Drilling intersected a previously unmined vein, the 10 Vein, which returned exceptional grades—including a previously reported 0.11m of 32,331 gpt silver—signaling significant resource expansion potential.
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Feasibility Study and Production Timeline
Now 60% complete and on track for October 2026, the 50,000-metre drill program supports the 2027 Sunshine Mine Feasibility Study and the planned return to production in late 2028.
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Production Growth Potential
The company aims to double production from ~1,000 to 2,000 tonnes per day, with by-product credits from copper, lead, and antimony enhancing project economics.
Analysis · SSMR · Energy & Transportation
New drill results from the Sunshine Mine, featuring multiple intercepts above 1,000 gpt silver and the discovery of a high-grade vein, were disclosed by Sunshine Silver Mining. These findings underpin the upcoming feasibility study and the targeted return to production in late 2028, while also highlighting the potential to double production capacity. For a pre-revenue mining developer, the update reinforces the company's growth narrative and resource expansion potential.
At the time of this filing, SSMR was trading at $14.07 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $12.51 to $17.15. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.