Project 11 statements
The deposit 6
Key takeaway. Management describes the Magma Silver deposit as a near-surface, easily mined open-pit operation that would use light crushing and leaching (Feb 2026).
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The company reports a resource of around 70 million ounces of silver and a million ounces of gold, with exploration upside from three distinct zones that were not previously grouped together (Feb 2026). Earlier statements note that $10 million US has already been spent by Newmont, Anglo Gold, Bear Creek, and Rio Silver, and that a Newmont 2011 report concluded economical mining operations at $20 silver and $1,200 gold (Jan 2026). The company also claims the grade is comparable to the El Alamo Dorado project in Mexico from the early 2000s (Jan 2026).
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Jurisdiction 3
Key takeaway. Management states that the company operates in Peru.
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As of January 2026, the company reported anticipating fresh community agreements within 30-60 days.
Technical risk 2
Key takeaway. In a February 2026 interview, Magma Silver's management acknowledged technical risk but said the company may improve on Newmont's numbers by drilling in a different direction.
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A key assumption behind that view is an operating cost of $35 to $40 per metric ton, which management cited for the project.
Economics 6 statements
Economics 2
Key takeaway. Management of Magma Silver outlined project economics based on a price assumption of $344 US per metric ton of gross value for material containing 1 g gold and 2 oz silver per metric ton, as of January 2026.
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The company reports expected operating costs in the range of $35 to $40 US per metric ton for the same period.
Financing 4
Key takeaway. Magma Silver's management states that the company is fully funded for 2026.
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The CEO reported in January 2026 that all of the year's programs are fully funded with no additional financing needed, and that the company has $5 million Canadian in the bank. Management reiterated in February 2026 that the company is fully funded for the year and maintains a cash position of $5 million Canadian.
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Timeline 6 statements
Timeline 4
Key takeaway. Management provided a staged timeline across two recent updates.
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In January 2026, the company said it had obtained full permits for the Yaurimena side and anticipated drilling to begin in late February or early March, adding that fresh community agreements were expected in the next 30 to 60 days. The following month, the company revised the drilling start to March and stated that initial drill results would be out by May 2026.
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Catalysts 2
Key takeaway. Management says they expect to announce fresh community agreements within the next 30 to 60 days (as of January 2026).
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They also report upcoming drilling results from the Yaurimena side, along with assays from sampling and trenching at Nina Bambas, also expected in January 2026.
Corporate 7 statements
Management 2
Key takeaway. Management at Magma Silver highlights the team's deep experience in mining and finance.
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According to the company, Jeff Reader brings over 30 years of experience in Peru, Michael Thompson has over 30 years in corporate finance, and Kevin Torudag has a 30-plus-year relationship with the CEO and a track record of successfully taking projects from inception through to sale (January 2026). The CEO, with 40-plus years of market experience and 25 years in senior management (CEO/chairman) on projects in Argentina, the United States, and Central Africa, rounds out a leadership team the company describes as seasoned in the sector (January 2026).
Market 1
Sources 3 interviews
Every interview 3
| Date | Channel | Interview | Statements |
|---|---|---|---|
| 13 Feb 2026 | Natural Resource Stocks | Magma Silver Buys Newmont Data and Sets Drill Plan at Niñobamba | 12 |
| 21 Jan 2026 | Natural Resource Stocks | Magma Silver MGMA What The 2026 Plan Looks Like From Here | 18 |
| 06 Jan 2026 | Natural Resource Stocks | Drill Permit Secured: The Setup Most Juniors Don’t Have | No claims identified |
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.
Questions people ask
What is Magma Silver's project and where is it?
Magma 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 Magma Silver?
We track 3 interviews mentioning Magma Silver, across 1 channel (Natural Resource Stocks).
What are investors saying about Magma Silver?
No independent commentary is on record yet — so far the page carries only the company's own voice.
What do recent interviews with Magma Silver cover?
The most-discussed topics on record are the deposit, financing, timeline, share structure — each claim quoted and dated in the sections above.