Silver Storm Mining has taken a firm step towards restarting the La Parrilla mining complex, located in Durango, Mexico, after receiving multiple financing proposals linked to concentrate purchase agreements and structured debt facilities.
Immediate reactivation of the silver mine
According to the company, non-binding offers have been received from several trading houses for long-term contracts related to lead and zinc production. These proposals include financial advances, which would allow financing the first stages of the operational restart.
The preliminary agreements contemplate credit lines of between US$15 million and US$17 million, with terms ranging from 36 to 48 months. Interest would be tied to the three-month SOFR rate plus a market premium. All proposals are subject to strict due diligence and compliance with commercial, contractual and credit conditions.
The La Parrilla complex was previously a source of silver, lead and zinc production in Mexico. Its reactivation is an important part of Silver Storm’s strategy to consolidate operations with high potential assets in the region.
Although the final agreements have not yet been signed, the projected outlook suggests a progressive return to precious metals mining activities. precious metals mining activities, strengthening Silver Storm’sSilver Storm’s presence in the Latin American mining sector will be strengthened.
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Source and photo: Silver Storm
