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An announcement from Magma Silver ( (TSE:MGMA) ) is now available.
Magma Silver has transformed its portfolio over the past year by acquiring 100% control of the Niñobamba silver-gold project in Peru, completing the transition from having no project at the start of 2025 to controlling a drill-ready, fully permitted asset in a rising precious metals market. In 2025, the company secured $6.5 million in financings, ending the year with over $5 million in cash, and attracted prominent investors as its share price climbed 209%, while field programs confirmed and in some cases improved upon historical high-grade silver and gold results at Niñobamba. With drilling set to restart in the first quarter of 2026 for the first time since 2010 and additional surface work planned across untested targets, Magma aims to confirm and expand resources, add compliant ounces, and position Niñobamba as a potentially shallow, low-cost open-pit operation whose economics could be highly leveraged to elevated silver prices, while continuing to cultivate relationships with local communities and the broader long-term investment community.
More about Magma Silver
Magma Silver is a Vancouver-based mineral exploration company focused on primary silver and silver‑gold projects, with its flagship Niñobamba property located in the mining-friendly jurisdiction of Peru. The company targets shallow, potentially low-cost open-pit deposits, aiming to leverage rising precious metal prices and attract a long-term, institutionally oriented shareholder base.
Average Trading Volume: 299,055
Technical Sentiment Signal: Buy
Current Market Cap: C$23.4M
For an in-depth examination of MGMA stock, go to TipRanks’ Overview page.