$AGMR.TO

Silver Mountain Resources Completes 75% of Processing Plant Rehabilitation Activities at Reliquias

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.

Correction: -- Silver Mountain Reporting 75% Completion of Processing Plant Rehabilitation Activities at Reliquias

Silver Mountain Reports High-Grade Silver Results From Sampling Program Near Reliquias Mine, Peru

Silver Mountain Resources (AGMR.TO) reported high-grade silver results from brownfield exploration near the Reliquias Mine in central Peru, the company said on Monday.Channel sampling along a 550-meter segment of the central portion of the Seguridad SE vein, 2.1 kilometres north of the Reliquias Mine, returned a weighted average grade of 2,003 grams per tonne (g/t) silver over an average true vein width of 0.45 meters. These results indicate that high-grade silver mineralization may remain open along strike, both at the Seguridad SE vein and in other nearby veins belonging to the same structural system, a statement noted.Silver Mountain is currently evaluating areas surrounding the proposed Reliquias production centre."These results further validate our focus on near-mine brownfield exploration as a disciplined and cost-effective strategy. Identifying high-grade silver mineralization at surface, close to existing infrastructure, strengthens the overall value proposition of the Reliquias district and supports our longer-term objective of expanding the resource base as we advance toward a planned production restart," said chief executive Alvaro Espinoza.

Silver Mountain Resources Provides Update on Reliquias Mine as Works Toward Restart

Silver Mountain Resources (AGMR.TO) on Wednesday provided an update on development progress at the Reliquias mine in Peru as it transitions to production.The company said it is fully funded for the planned restart with a treasury position of over US$30 million, reducing execution risk as the mine advances toward commercial production.Over 3,000 meters of underground linear development have been completed, supporting mine readiness for the commencement of operations.All major plant equipment have been delivered to site following refurbishment, with installation in progress.About 12,000 tonnes of ore have been stockpiled, supporting the planned commencement of operations.The tailings storage facility and ancillary infrastructure, including power lines and water treatment facilities, are now fully operational.Silver Mountain's infill drilling program at Reliquias is progressing as planned, supporting mineral resource conversion and near-term mine planning. Meanwhile, brownfield exploration activities at the Caudalosa mine are also advancing according to plan.The restart of operations at Reliquias remains on track for the third quarter of 2026.