Corporate News – Silver Mountain Resources Inc.
Stock Performance (24‑Hour Period Ending 23 Feb 2026)
- Closing price: CAD 2.97, down 4.91 % at 05:17 PM Central Europe.
- Current market capitalization: CAD 147.1 million.
- Shares outstanding: 64.7 million.
- 24‑hour trading volume: CAD 330.5 thousand.
- 52‑week high: CAD 6.16 (02 Mar 2026).
- 52‑week low: CAD 2.22 (07 Nov 2025).
- Simple moving average (200 days): CAD 3.88.
- Month‑to‑date performance: down 24.94 % since the end of the previous month.
Recent Exploration Update Silver Mountain Resources Inc. (SMR) reported results from a drilling program at the Caudalosa underground mine in Peru. Key highlights include:
- High‑Grade Mineralisation – The first 11,500 metres of the programme produced significant grades of silver and polymetallic mineralisation.
- Paulinita Vein – Shallow‑depth intervals within the Paulinita vein are particularly promising and may support an earlier restart of the historic mine.
- Potential for Expansion – The data suggest mineralisation beyond the area covered by the historical estimate, indicating potential for future resource expansion.
- Infrastructure Advantage – Existing mine infrastructure and the processing plant could enable a rapid ramp‑up if technical, permitting, and market conditions permit.
- Next Steps – Further technical evaluation and regulatory approvals are required to determine feasibility and timing for a restart.
Comparative Performance of Related Stocks (24‑Hour Period)
| Company | Symbol | 24‑Hour Change | Current Price (CAD) | Market Cap (CAD mn) | P/E Ratio |
|---|---|---|---|---|---|
| Lycos Energy | LCX.V | -2.25 % | 1.69 | 168.3 | 39.7 |
| Hammond Manufacturing | HMM-A.TO | -1.85 % | 25.32 | 169.3 | 16.6 |
| Black Mammoth Metals | BMM.V | -0.7 % | 4.10 | 170.4 | – |
| Lara Exploration | LRA.V | -1.05 % | 3.79 | 173.3 | – |
| Real Matters | REAL.TO | +3.88 % | 3.19 | 168.3 | – |
Company Overview Silver Mountain Resources Inc. is a mining company focused on the acquisition of mining concessions and the exploration, extraction, and processing of silver and other metals. The company primarily serves Canadian customers and operates several active projects, including the Caudalosa underground mine in Peru.