Updated:
Silver Storm Mining
Silver Storm Mining was formed in 2017 as a vehicle to consolidate and reactivate past-producing precious-metals mines.
Silver Storm Mining
Silver Storm Mining was formed in 2017 as a vehicle to consolidate and reactivate past-producing precious-metals mines. Scott MacKinnon, who serves as President and CEO, steered the company through its early acquisitions and its subsequent pivot toward a single-asset restart strategy. The firm is headquartered in Toronto and maintains operational focus entirely within Mexico. The company's strategy concentrates on asset-level acquisitions of shuttered or undercapitalized silver and gold mines that can be returned to production on an accelerated timeline. Unlike early-stage explorers, Silver Storm targets properties with intact infrastructure, established resource estimates, and existing permits. Stage coverage is deliberately narrow — brownfield reactivation and near-term mine development. In August 2023, Silver Storm closed the acquisition of the La Parrilla Silver Mine Complex in Durango, Mexico, from First Majestic Silver Corp., a deal that gave it a fully built processing facility with 2,000 tonnes-per-day capacity. The complex includes five underground mines and a previously operating flotation and cyanidation circuit. Silver Storm concurrently restarted limited production at the nearby Rosarios mine within the same complex. The company operates a lean team from its Toronto headquarters and maintains operational staff on-site in Mexico. Its primary asset is the La Parrilla complex, but the corporate charter allows for further acquisitions of distressed or dormant Mexican precious-metals projects. In May 2024, Silver Storm filed updated technical reports for La Parrilla that recalculated mineral resource estimates to National Instrument 43-101 standards, a move that formalized the restart case for external capital (per the firm's official communications, May 2024). The company has not disclosed a philanthropic foundation or adjacent investment vehicle structure. Silver Storm's organizational structure is that of a publicly listed Canadian junior mining company — a model that imposes continuous-disclosure discipline and gives retail and institutional investors direct exposure to a single-asset turnaround. This is distinct from private-family-office resource allocation, where a single patron can fund operations without mark-to-market pressure. The firm's reactivation thesis depends on volatile silver prices, but the sunk infrastructure at La Parrilla reduces the capital intensity that typically dooms junior miners in a downturn.
General information
Firm type
other
Year founded
2017
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
Toronto, ON, Canada
Principals
Scott MacKinnon
President & CEO
Glenn Jessome
Director
Sector focus
Frequently asked questions
What is Silver Storm Mining's core asset, and who did it acquire it from?
Silver Storm's primary asset is the La Parrilla Silver Mine Complex in Durango, Mexico, acquired from First Majestic Silver Corp. in August 2023. The complex includes five underground mines, a 2,000-tonne-per-day processing plant, and established infrastructure. The acquisition was a package deal for assets First Majestic had idled in 2019. Silver Storm has since restarted limited production at the Rosarios mine within the complex.
How does Silver Storm Mining differ from an early-stage exploration company?
Silver Storm does not engage in grassroots greenfield exploration. It acquires past-producing mines — properties with existing resource estimates, permitted mine workings, and intact processing plants. The firm's strategy relies on brownfield reactivation, which carries lower permitting and geological-discovery risk than exploration-stage peers. Its La Parrilla complex was a fully operating mine until 2019 and retains an on-site flotation and cyanidation circuit.
Who runs investment and operational decisions at Silver Storm?
Scott MacKinnon serves as President and CEO, leading both corporate strategy and day-to-day operational oversight. MacKinnon has a background in junior mining equity markets and has been with the company since its 2017 formation. Operational decisions for the Mexican mine sites are executed through local on-site management, with technical reporting to the Toronto head office.
Is Silver Storm Mining a single-family office, or is it publicly traded?
Silver Storm is a publicly traded junior mining company, not a family office. It is listed on the TSX Venture Exchange under the ticker SVRS. Its capital structure is open to institutional and retail investors through standard equity offerings, not private family capital. This disclosure-oriented structure distinguishes it from private resource-holding companies.
What is the company's stated position on future acquisitions?
Silver Storm has publicly indicated it will evaluate additional acquisitions of past-producing precious-metals assets in Mexico. The corporate mandate anticipates consolidating further distressed or dormant mines near existing infrastructure corridors. However, no additional acquisitions beyond La Parrilla have been announced as of the firm's most recent filings.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on investors?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: