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Highlander Silver

Silver explorer, with a project stated to be in Peru.

NonePeru — as stated on the recordings

explorer silver NonePeru
Feb 2026Covered
5 of 10Topics on record
1 executiveNamed on the record
Stage
Explorer
Primary commodity
Silver
Jurisdiction
Peru
Latest appearance
19 Feb 2026
On record
1 interview · 16 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
475 million ounces of silver
Management-stated Daniel Earle Feb 2026
Grade
24 g per ton
Management-stated Daniel Earle Feb 2026
Capital needed
$141 million
Management-stated Daniel Earle Feb 2026
What happens next
pushing into construction in 27
Management-stated Daniel Earle Feb 2026
The main open question
The material does not provide a clear independent counterweight.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
4 independent voices on record — 5 constructive, 1 neutral
Mark Sumner, Eric Sprott, John Feneck, Nick Hodge
Outside voices

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Highlander Silver's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

4 independent voices — people who do not speak for the company — across 6 mentions.

5 constructive 1 neutral
  • Mark Sumner “Nearby district peer whose San Luis/Bonita success is used as a geographic analog.”
  • Eric Sprott “He says he put $40 million into Highlander Silver in Peru.”
  • John Feneck “He expects the merger involving Bear Creek to go through and create value.”
  • Nick Hodge “Referenced as the adjacent, much larger peer that helps frame DAR Gold's upside.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says Karanni is the largest fully permitted silver asset ready for construction in the industry, with 475 million ounces of silver, plus a 356,000 ounce gold project (San Louie) in Peru acquired for $141 million.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says Karanni is the largest fully permitted silver asset ready for construction in the industry, with 475 million ounces of silver, plus a 356,000 ounce gold project (San Louie) in Peru acquired for $141 million. Eric Sprott backed the Peru deal with $40 million, and project financing is targeted for Q4 with construction pushed to 2027.

▼ Bear case

The material does not provide a clear independent counterweight.

Read the full case

The material does not provide a clear independent counterweight. John Feneck notes tight share structure and insider ownership favourably, but no outside voice raises financing risk, permitting delays, technical challenges, or dilution concerns. The $141 million acquisition price and timing to construction (2027) are stated but not contested.

◆ Watch next

Geophysics begins this week, with ground-based work and drilling to follow in the next few weeks.

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Geophysics begins this week, with ground-based work and drilling to follow in the next few weeks. Feasibility study update due Q3; project financing sought Q4. NY American exchange listing targeted mid-March. Construction entry in 2027 is the long-term gate.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 7 statements

The deposit 4

Key takeaway. Management reports that as of February 2026 the deposit contains 356,000 ounces of indicated gold and 475 million ounces of silver, with a total resource of 400 million ounces from measured down to inferred, at a grade of 24 grams per ton.

What was actually said
grade
24 g per ton
“Highlander Silver has a gold project in Peru called San Louie that has 356,000 ounces of indicated gold at 24 g per ton”
Daniel Earle· 19 Feb 2026·
resource size
475 million ounces of silver
“you're over 400 million ounces but then there's an additional oxide resource that wasn't part of the feasibility study, which adds another 70 odd million ounces. So, it's basically 475 million ounces of silver”
Daniel Earle· 19 Feb 2026·
resource size
356,000 ounces of indicated gold
“Highlander Silver has a gold project in Peru called San Louie that has 356,000 ounces of indicated gold at 24 g per ton”
Daniel Earle· 19 Feb 2026·
Show the other 1 statement
resource size
400 million ounces from measured down to inferred
“Karanni, which is a silver project in Peru that has a resource estimate of 400 million ounces from measured down to inferred”
Daniel Earle· 19 Feb 2026·

Jurisdiction 3

Key takeaway. Highlander Silver's management says the company holds projects in both Mexico and Peru, and that the Mexico project is fully permitted for construction as of February 2026.

What was actually said
country
Peru
“Highlander Silver has a gold project in Peru called San Louie”
Daniel Earle· 19 Feb 2026·
country
Mexico
“the Mercedes asset which is an operating gold mine in Mexico”
Daniel Earle· 19 Feb 2026·
permit status
fully permitted for construction
“the Karanni asset in Peru which is an advanced stage silver asset it it's actually the largest silver asset uh that's fully permitted for construction in in the entire industry”
Daniel Earle· 19 Feb 2026·

Economics 1 statement

Financing 1

What was actually said
capital needed
$141 million
“I know, knock on wood, it still has to close. Uh, but you guys paid um $141 million uh for a company that's got two quality assets”
Daniel Earle· 19 Feb 2026·

Timeline 7 statements

Timeline 7

Key takeaway. Management laid out a sequence of near-term milestones beginning with geophysics launching this week and ground-based geophysics the following week, with drilling starting a couple of weeks after that (February 2026).

Read the full summary

The company also targets a study due in Q3, project financing in Q4, and a listing on the NY American exchange in the middle of March, all stated in February 2026. First production is described as pushing into construction in 2027.

What was actually said
first production
pushing into construction in 27
“pushing into construction in 27”
Daniel Earle· 19 Feb 2026·
milestone
listed on the NY American exchange middle of March
“We haven't got out there and, you know, and listed it um on the NY American exchange, which we'll do the middle of March”
Daniel Earle· 19 Feb 2026·
milestone
geophysics launching this week
“That's why we finance the company via private placement even before the deal closes. So we can get started on geoysics which will be launching this week”
Daniel Earle· 19 Feb 2026·
Show the other 4 statements
milestone
ground-based geophysics week after
“And then groundbased geoysics week after that.”
Daniel Earle· 19 Feb 2026·
milestone
drilling couple weeks after geophysics
“Drilling will start couple weeks after that.”
Daniel Earle· 19 Feb 2026·
milestone
project financing Q4
“project financing in Q4”
Daniel Earle· 19 Feb 2026·
study due
Q3
“updating the feasibility study in Q3”
Daniel Earle· 19 Feb 2026·

Corporate 1 statement

Market 1

What was actually said
cost curve position
largest silver asset uh that's fully permitted for construction in in the entire industry
“the Karanni asset in Peru which is an advanced stage silver asset it it's actually the largest silver asset uh that's fully permitted for construction in in the entire industry”
Daniel Earle· 19 Feb 2026·

Outside views 6 mentions

6 mentions by people who do not speak for the company — 5 constructive, 0 cautious, 1 neutral. These are their views, not the company's.

Mark Sumner
neutral
Nearby district peer whose San Luis/Bonita success is used as a geographic analog.
Resource Talks· 16 Jun 2026·
Eric Sprott
bullish
He says he put $40 million into Highlander Silver in Peru.
Wise Metals Investor· 28 Feb 2026·
Eric Sprott
bullish
Mentioned as a Peru-based placement where he put $40 million.
Kitco NEWS· 27 Feb 2026·
John Feneck
bullish
He expects the merger involving Bear Creek to go through and create value.
David Lin· 13 Feb 2026·
Show the other 2 mentions
John Feneck
bullish
He likes the Bear Creek acquisition, tight share structure, and insider ownership.
Investing News· 28 Jan 2026·
Nick Hodge
bullish
Referenced as the adjacent, much larger peer that helps frame DAR Gold's upside.
Natural Resource Stocks· 18 Dec 2025·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
19 Feb 2026 The Deep Dive The Silver Story That Could Surprise the Market | Dan Earle - Highlander Silver 16

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

bear creek mining 1
copper 1
karanni 1
mercedes 1
san louie 1
sil 1
silj 1
silver 1

Questions people ask

What is Highlander Silver's project and where is it?

Highlander Silver is a explorer silver company, with a project stated to be in Peru. Everything here is drawn from its executives' own interviews.

Which interviews mention Highlander Silver?

We track 1 interview mentioning Highlander Silver, across 1 channel (The Deep Dive).

What are investors saying about Highlander Silver?

6 independent voices — people who do not speak for the company — are on record discussing it (5 bullish, 1 neutral). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Highlander Silver cover?

The most-discussed topics on record are timeline, the deposit, jurisdiction, financing — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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