GR Silver Maps Out Aggressive 2026 Drilling and Development Plan for San Marcial–Plomosas

An update from GR Silver Mining ( (TSE:GRSL) ) is now available.

GR Silver Mining has outlined an aggressive 2026 program aimed at accelerating resource growth and advancing the integration of its San Marcial and Plomosas assets into a unified silver development project in Mexico. Backed by more than C$34 million in recent equity financing, a strengthened institutional shareholder base, and a debt-free balance sheet, the company plans a 20,000-metre step-out drilling campaign at San Marcial focused on shallow, high-grade silver zones and newly identified parallel breccias, with results feeding into an updated mineral resource estimate in the second half of 2026. In parallel, GR Silver is progressing bulk sampling test mining and evaluating several options for installing a pilot processing plant at the Plomosas Mine, supported by existing permits, expanded technical and managerial capacity in Mexico, and ongoing studies on optimally integrating the two areas. The company is also advancing permitting and environmental work to underpin continued exploration and potential future underground operations, positioning itself as a standout silver explorer with multiple project catalysts in a favorable price environment.

The most recent analyst rating on (TSE:GRSL) stock is a Hold with a C$0.46 price target. To see the full list of analyst forecasts on GR Silver Mining stock, see the TSE:GRSL Stock Forecast page.

Spark’s Take on TSE:GRSL Stock

According to Spark, TipRanks’ AI Analyst, TSE:GRSL is a Neutral.

The score is capped primarily by weak financial performance (pre-revenue, ongoing losses, and negative free cash flow) despite a debt-free balance sheet. Offsetting this, the stock shows strong technical momentum and recent financing/exploration progress that strengthens near-term operational runway, but valuation remains unattractive/unclear due to losses and no dividend.

To see Spark’s full report on TSE:GRSL stock, click here.

More about GR Silver Mining

GR Silver Mining Ltd. is a Canadian silver-focused exploration and development company listed on the TSX Venture Exchange and Frankfurt Exchange, with core assets in the San Marcial and Plomosas areas of Sinaloa, Mexico. The company targets high-grade silver mineralization and aims to advance these districts as an integrated, single-stage silver development project, leveraging existing permits at the Plomosas Mine and significant exploration upside at San Marcial in a strong silver price environment.

Average Trading Volume: 2,905,557

Technical Sentiment Signal: Buy

Current Market Cap: C$186.3M

Learn more about GRSL stock on TipRanks’ Stock Analysis page.