
Pinnacle Silver & Gold eyes near-term production at high-grade El Potrero project in Mexico
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Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:NRGOF) president and CEO Robert Archer talked with Proactive's Stephen Gunnion about the company’s latest acquisition, the El Potrero mine in Mexico. Archer explained that the company is focused on fast-tracking the project towards production within two to three years, aiming to build the business through cash flow rather than relying on external markets.
El Potrero was previously in production in the late 1980s, with existing underground workings and a 100-ton-per-day processing plant. Archer highlighted that much of the infrastructure remains in place, which should help streamline redevelopment efforts at a relatively low cost. The company plans to rehabilitate the underground workings, conduct systematic sampling, and commence drilling to establish a resource base sufficient to restart production.
On the financial side, Pinnacle Silver recently raised $800,000 in a private placement, with plans to secure up to $2–$3 million over the next few years to fully fund the restart. Archer also shared insights from the PDAC conference, noting positive sentiment around metals despite broader economic uncertainties.
The company expects a strong news flow this year as exploration and development efforts accelerate.
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