Southern Silver Exploration Corp. (TSXV:SSV) – Resuming Coverage: A Top Tier Undeveloped Silver Story

Southern Silver (SSV) is focused on developing its flagship Cerro Las Minitas (CLM) Ag-Cu-Pb-Zn project in Durango, Mexico. CLM hosts a 302.5Moz AgEq resource (36.7Mt of ore at 257 g/t AgEq). A 2024 PEA assumed a 17yr LOM at a 5,300tpd throughput and returned an after-tax NPV5% of US$501M at now outdated prices. Post PEA, SSV has continued to advance CLM, most notably by acquiring the producing…