Silver Mountain Resources (AGMR.TO) has completed about 75% of overall plant rehabilitation activities at its 100%-owned Reliquias processing plant in central Peru, it said on Wednesday.
Major processing equipment installation has been completed across the crushing, grinding and flotation circuits, with the plant advancing through integration, mechanical completion and commissioning preparation activities, the company said.
Empty-load testing has also been successfully completed on the crushing circuits, key grinding circuit equipment and flotation circuit equipment, with satisfactory results achieved and no operational issues identified during testing, it added.
The next phase of work will focus on mechanical completion, electrical integration, instrumentation installation and dry commissioning activities as Silver Mountain advances toward operational readiness and its targeted Q3 2026 production restart.
Shares of the company closed up 5.7% to $4.47 on Tuesday on the Toronto Stock Exchange.