Pinnacle Silver & Gold outlines fast-track plan to restart El Potrero gold-silver mine in Mexico
Reuters2026/09/09 04:05- Pinnacle Silver & Gold outlined a strategy to restart high-grade, past-producing underground mines, targeting rapid production funded largely by cash flow.
- Auramet Capital Partners named lead financier for USD 5 million in non-dilutive funding to cover initial capex and early opex.
- El Potrero in Mexico’s Sierra Madre Belt positioned as the first restart asset, supported by on-site infrastructure including a 100 tpd plant slated for low-cost rebuild.
- Preliminary metallurgy cited head grades near 7.7 g/t gold, 116 g/t silver, gold recovery above 97%, with dry-stack tailings planned.
- El Potrero earn-in targets 100% ownership subject to a 2% NSR, reaching 50% at production start with staged payments over two years.
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