Silver Elephant Mining Reaches High-Grade Silver Zone in Bolivia Prepares June Sales

Silver Elephant Mining Corp. has reached a high-grade silver zone at its Paca Apuradita Silver Project in Bolivia, marking a key milestone as it prepares for its first concentrate sales targeted for June 2025. The company has completed 157 meters of horizontal tunneling and begun development of its first production stope, with a current high-grade stockpile of approximately 150 tonnes growing daily. The project aims to extract 50 to 100 tonnes per day, with an average grade of 412 g/t silver, alongside lead and zinc. Silver Elephant is negotiating toll milling and offtake agreements with processing plants in the Potosí region to convert the material into concentrates for export. While the project receives strong local community support and employs primarily Bolivian nationals, Silver Elephant faces financial challenges with no current revenue and mounting losses, leading to a cautious stock outlook. Despite technical promise, the stock is rated as underperform due to valuation concerns and a longer-term bearish trend.