Welcome to our dedicated page for Silver Elephant Mining news (Ticker: SILEF), a resource for investors and traders seeking the latest updates and insights on Silver Elephant Mining stock.
Silver Elephant Mining Corp (SILEF) delivers advanced silver exploration and production through its flagship Pulacayo-Paca project in Bolivia. This page serves as the definitive source for verified corporate announcements, operational updates, and strategic developments.
Investors and analysts will find timely reporting on drilling results, production milestones, and resource estimations. Our curated collection includes earnings releases, technical reports, and corporate governance updates – all essential for informed decision-making.
Key focus areas include oxide zone operations, sulphide processing advancements, and quality-controlled resource verification. Regular updates cover permit approvals, leadership changes, and project financing developments specific to SILEF's operations.
Bookmark this page for structured access to critical updates about Bolivia's evolving silver sector. Check back regularly for unfiltered reporting on SILEF's progress in mineral extraction and resource development.
Silver Elephant Mining Corp. (TSX: ELEF, OTC Pink: SILEF) has closed the first tranche of its non-brokered private placement, raising $1,111,584 through the issuance of 2,315,800 units at $0.48 per unit. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.70 for three years. The company issued 159,978 units as finder's fees. Proceeds will fund phase one sulphide operations at the Paca silver project in Bolivia and general corporate purposes. The securities are subject to a hold period until November 24, 2024. Silver Elephant has increased the proposed placement from 2,000,000 to 3,000,000 units.
Silver Elephant Mining Corp. (TSX: ELEF) (OTC Pink: SILEF) has announced promising drill results from its Paca deposit in Bolivia. Notable findings include:
- Hole PC24-18: 39.9 meters of 159 g/t silver from surface, including 3.0 meters of 583.5 g/t silver
- Hole PC24-23: 23.1 meters of 138 g/t silver from surface, including 2.7 meters of 360 g/t silver
The company has an agreement with Andean Precious Metals Corp. to sell up to 800,000 tonnes of Paca oxide materials for US$5-7 million. At current rates, Silver Elephant expects to receive US$2.5 million before January 31, 2025. The drill program has potential to expand the Paca oxide resource, which could lead to additional sales agreements.
Silver Elephant Mining announced a non-brokered private placement to raise $960,000 through the sale of 2,000,000 units at $0.48 per unit. Each unit includes one common share and one warrant to purchase an additional share at $0.70 within three years. Funds will support commissioning of the Paca phase one sulphide operation and general corporate uses. Directors are subscribing for 400,000 units, amounting to $192,000. This transaction is a related party transaction under MI 61-101, but exemptions apply. Toronto Stock Exchange approval is pending.
Silver Elephant Mining announced a record-setting monthly silver production. In June 2024, the company mined 29,270 tonnes of Paca oxide materials, averaging 177.5 g/t silver, and transported them to Andean Precious Metals in Bolivia. Since beginning operations at Paca in October 2023, Silver Elephant has mined and shipped 127,734 tonnes of silver-bearing materials, resulting in 683,237 oz of silver production.
The CEO, John Lee, highlighted the achievement of a daily high of 1,665 tonnes on June 26, with an average of 976 tonnes-per-day. The company plans to sell up to 800,000 tonnes of Paca oxide materials for $5-$7 million, expecting to earn $2 million by January 2025. Future revenue is anticipated from the proposed Paca phase one sulphide operation. A 2020 technical report confirms high-grade silver resources at Paca, presenting both oxide and sulphide zones with significant indicated and inferred resources.
Silver Elephant Mining has announced plans to start phase one mining of sulphide materials at its Paca silver project in Bolivia by September 2024. This phase aims to extract 10,000 tonnes of mineralized materials, seeking to generate cash flow and validate the Paca resource model.
The project, lasting around 5 months, will include developing a 367-meter tunnel and using the shrinkage stoping method to mine the materials. Expected grades are 412 g/t Ag, 1.09% Pb, and 0.38% Zn.
The company owns the needed mining equipment, and toll milling and concentrate sales will begin in November 2024. Successful phase one execution may lead to full-scale mining in 2025.
Silver Elephant Mining Corp. reported significant gallium and indium assay results from its Pulacayo-Paca silver-lead-zinc project in Bolivia. The results, based on 199 core samples from 12 drill holes, revealed substantial occurrences of gallium (up to 34 g/t) and indium (up to 266 g/t), correlated with high zinc levels. The assay was conducted by ALS Laboratory. The Pulacayo-Paca project has a total indicated resource of 106.7 million ounces of silver, 1.4 billion pounds of zinc, and 690 million pounds of lead. These elements could potentially enhance the value of the final concentrate produced from mining and processing activities.
Silver Elephant Mining has commenced a 1,500-meter diamond drilling program at its Paca Silver Project in Bolivia. The drilling, which consists of 24 holes, aims to test oxide mineralization continuity. So far, nine holes have been completed, with samples sent to ALS Global for analysis, expecting results in June 2024.
This program is funded by Andean Precious Metals, who will buy up to 800,000 tonnes of Paca oxide materials for $5-7 million, reimbursing Silver Elephant for operating expenses.
The Paca project hosts a high-grade silver resource, with previous estimates indicating substantial oxide and sulfide mineral resources.
Silver Elephant Mining Corp. reported a record monthly mining output in May 2024, extracting 26,003 tonnes of Paca oxide materials with an average grade of 180.6 g/t silver. This achievement surpasses their previous records and highlights their operational prowess and safety standards. CEO John Lee emphasized the integral role of Silver Elephant in the Pulacayo township and their substantial growth since October 2023. The company plans to sell up to 800,000 tonnes of Paca oxide materials to Andean Precious Metals for US$5-7 million. The Paca project, according to a 2020 technical report, hosts substantial high-grade silver resources.
On May 27, 2024, Silver Elephant Mining announced the closure of the second and final tranche of its non-brokered private placement, raising $75,000 through the sale of 250,000 units at $0.30 per unit. Each unit includes one common share and half of a share purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.45 for three years. Proceeds will be used for working capital and corporate purposes. These securities are subject to a hold period until September 24, 2024, and are not registered for sale in the U.S. under the U.S. Securities Act.
Silver Elephant Mining announced significant findings from its Pulacayo silver-lead-zinc project in Bolivia, reporting a 99-meter intersection with notable grades of gallium (27.8 g/t), indium (9.7 g/t), silver (21.2 g/t), zinc (1.1%), and lead (0.5%).
The company identified these intervals during a drillhole review, with assays from four diamond-drill-holes showing promising results. CEO John Lee highlighted the potential strategic importance of these minerals, especially given rising prices and China's export restrictions on gallium and indium.
The Pulacayo project has an indicated resource of 106.7 million ounces of silver, 1.4 billion pounds of zinc, and 690 million pounds of lead. The company plans further analysis to explore the potential of gallium and indium production, aiming to meet growing demand in high-tech applications.
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