Report

Southern Silver Exploration Corp. (TSXV: SSV) - Initiating Coverage – Significant Resource Expansion in Durango, Mexico

SSV initial report

Underlyings
Avino Silver & Gold Mines

Avino Silver & Gold Mines is engaged in the acquisition, exploration, production and development of silver, gold, copper and other mineral properties in Mexico and Canada.

Coeur Mining Inc

Freeport-McMoRan Inc.

Freeport-McMoRan is a holding company. Through its subsidiaries, the company is a mining company. The company operates assets with proven and probable reserves of copper, gold and molybdenum, and the company is a publicly traded copper producer. The company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits; and mining operations in North America and South America, including the Morenci minerals district in Arizona and the Cerro Verde operation in Peru. The company has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines.

Goldcorp Inc.

Goldcorp is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. Co.'s metal properties consist of gold, silver, copper, lead and zinc.

Hecla Mining Company

Hecla Mining and its subsidiaries discover, acquire and develop mines and other mineral interests and produce and market concentrates, carbon material and dore containing silver, gold, lead and zinc. The company has five units: the Greens Creek, Lucky Friday, Casa Berardi, San Sebastian and Nevada Operations units. The company produces zinc, lead and bulk flotation concentrates at its Greens Creek unit and lead and zinc flotation concentrates at its Lucky Friday unit, each of which the company sells to custom smelters and metal traders on contract. The company also produces unrefined gold and silver bullion bars (dore), loaded carbon and precipitates at its Casa Berardi, San Sebastian and Nevada Operations units.

Nickel Creek Platinum

Nickel Creek Platinum is a platinum group metals focused exploration and development company with advanced projects in the Yukon Territory, Ontario, and Manitoba, Canada. Co. owns 100% of the Wellgreen PGM-Ni-Cu project, located in the Yukon. Co.'s Shakespeare PGM-Ni-Cu project is a fully-permitted, production-ready brownfield mine located in the Sudbury mining district of Ontario, and Co.'s Lynn Lake project is a former operating mine located in Manitoba, Canada.

Nova Minerals

Nova Minerals is engaged in mineral exploration. Co. is an explorer with projects in Western Australia and the Northern Territory.

Southern Silver Exploration Corp.

Southern Silver Exploration is an exploration stage company engaged in the acquisition and exploration mineral properties. The recoverability of amounts shown for mineral properties is dependent upon the discovery of economically recoverable reserves, the ability of Co. to obtain financing to complete their exploration and development, and establish future profitable operations, or realize proceeds from their sale.

Trilogy Metals Inc

Trilogy Metals is a base metals exploration company focused on exploring and developing its mineral holdings in the Ambler mining district located in Alaska, the U.S. Co. conducts its operations through a wholly-owned subsidiary, NovaCopper U.S. Inc. Co.'s Upper Kobuk Mineral Projects consist of: the 100% owned Ambler lands which host the Arctic copper-zinc-lead-gold-silver Project; and the Bornite lands being explored under a collaborative long-term agreement with NANA Regional Corporation, Inc., a regional Alaska Native Corporation, which host the Bornite carbonate-hosted copper Project.

Provider
Fundamental Research
Fundamental Research

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Analysts
Sid Rajeev

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