Silver Elephant Mining sells silver concentrate from silver mining, Bolivia
Silver Elephant Mining Corp. [TSX: ELEF; OTCQB: SILEF; FSE: 1P2] reported that it has sold a second silver-lead concentrate lot from the company’s Apuradita Paca mining operation in Bolivia.
The 31.6-tonne (dry basis) silver-lead concentrate grading 8,795 g/t Ag and 24% Pb was produced at a toll mill facility and sold in April 2026. Approximately 8,936 oz of silver was contained in concentrate and sold at US$74.8 per oz. The processing campaign treated approximately 1,845 tonnes of Apuradita feed grading 248 g/t Ag and 0.8% Pb.
Underground mining operations at Apuradita continue at a steady rate with the company maintaining a monthly production target of 300 tonnes of silver-bearing mineralized material for the remainder of 2026. The company notes highly-prospective exploration potential with initial tranche results demonstrating the silver-bearing mineralization at Apuradita extends to surface, which is approximately 20 metres vertically from the tunnel. The feed tonnages may be expanded beyond 2026 as additional mineralized zones are delineated and developed.
As outlined in a July 8, 2024 news release, sulphide mineralized material at Apuradita is being extracted using the shrinkage stoping method. The two stopes are designed with approximate dimensions of 30 metres in length, 20 metres in height, and 4 metres in width, targeting an extraction rate of 20 to 40 tonnes per day. Based on historical diamond drilling and internal geological modeling, the average grade of sulphide material is 412 g/t Ag, 1.09% Pb, and 0.38% Zn.
Ongoing underground development has delineated multiple high-grade areas within the Apuradita tunnel, and the company is advancing additional mining faces through crosscuts and drifts to access and extract silver-bearing mineralized material from these zones.
In parallel, the company has identified three distinct mineralization zones within the broader Apuradita Project that are potentially amenable to open-pit mining. Systematic sampling of all zones is underway to define the silver grade and lateral extent of mineralization.
The company appreciates the continued support from local communities, while operations continue at a steady rate with expansion plans underway.
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