Silver Elephant Received US$1.4 Million in Cash Proceeds from Apuradita Silver Concentrate Sales in 2026
Original announcement by tmx on
- Company
- Silver Elephant Mining Corp.
- Ticker
- ELEF
- Exchange
- TSX
- Region
- Bolivia
- Primary commodity
- Silver
- Secondary commodities
- Lead
- Document categories
- Drill results, Production
- Extracted
- 2026-09-19 18:26:59 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver Elephant Mining Corp. reported US$1.4 million in cash proceeds from the sale of three batches of silver-lead concentrate from its Apuradita project in Bolivia during 2026. The concentrate grades showed a progressive increase across the batches, and the company reported an estimated cash flow margin of 35%.
Reasoning: The company reported successful silver-lead concentrate sales in 2026 with improving grades, though it disclosed specific QA/QC gaps in its field sampling protocol.
Positive factors
- Successful production and sale of three concentrate batches
- Increasing concentrate grades across batches
- Positive cash flow margin of 35%
Negative factors
- QA/QC limitations noted (no CRMs, blanks, or duplicates inserted by company in field protocol)
- Third batch results are provisional
Facts used in scoring: 12
Classification and evidence
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions laboratory (SpectroLab) and check assaying procedures.
Evidence · text
“Selected channel samples were submitted to SpectroLab in Oruro, Bolivia, an independent analytical laboratory, for check assaying”
No QA/QC Disclosurenegative · Story-specific tag
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: The company explicitly states it did not include CRMs, blanks, or duplicates in its field sampling protocol.
Evidence · text
“The preliminary underground channel sampling program did not include the insertion of certified reference materials ("CRMs"), blanks, or duplicate samples by the Company”
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Drill Results (12)
Fact 1Apuradita · silverGrade: 5916Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- silver
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 5916
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: First batch concentrate grade reported.
Evidence · table
“5,916”
Context: 25.8
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 2Apuradita · leadGrade: 14.4Grade Unit: %Needs review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- lead
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 14.4
- Grade Unit
- %
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: First batch lead grade reported.
Evidence · table
“14.4”
Context: 25.8
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 3Apuradita · silverGrade: 9295Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- silver
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 9295
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: Second batch concentrate grade reported.
Evidence · table
“9,295”
Context: 31.3
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 4Apuradita · leadGrade: 23.9Grade Unit: %Needs review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- lead
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 23.9
- Grade Unit
- %
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: Second batch lead grade reported.
Evidence · table
“23.9”
Context: 31.3
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 5Apuradita · silverGrade: 11577Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- silver
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 11577
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: Third batch concentrate grade reported; noted as provisional.
Evidence · table
“11,577*”
Context: 27.6
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 6Apuradita · leadGrade: 31Grade Unit: %Needs review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- lead
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 31
- Grade Unit
- %
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: Third batch lead grade reported; noted as provisional.
Evidence · table
“31.0*”
Context: 27.6
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 7Apuradita · silverGrade: 250Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- silver
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 250
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: First batch feed grade reported.
Evidence · table
“250”
Context: 1,223
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 8Apuradita · leadGrade: 0.7Grade Unit: %Needs review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- lead
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 0.7
- Grade Unit
- %
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: First batch feed lead grade reported.
Evidence · table
“0.7”
Context: 1,223
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 9Apuradita · silverGrade: 248Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- silver
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 248
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: Second batch feed grade reported.
Evidence · table
“248”
Context: 1,845
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 10Apuradita · leadGrade: 0.8Grade Unit: %Needs review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- lead
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 0.8
- Grade Unit
- %
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: Second batch feed lead grade reported.
Evidence · table
“0.8”
Context: 1,845
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 11Apuradita · silverGrade: 396Grade Unit: g/tNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- silver
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 396
- Grade Unit
- g/t
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: Third batch feed grade reported.
Evidence · table
“396”
Context: 1,479
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 12Apuradita · leadGrade: 1.2Grade Unit: %Needs review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Apuradita
- Commodity
- lead
- Region
- bolivia
- Reported Region
- bolivia
- Ticker
- ELEF
Geometry
- Grade
- 1.2
- Grade Unit
- %
Classification
- Sample Type
- drill
QA/QC
- QA/QC Disclosed
- Yes
- QA/QC Methods
- standards, blanks, duplicates, umpire
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-08-21T00:00:00.000Z
Reasoning: Third batch feed lead grade reported.
Evidence · table
“1.2”
Context: 1,479
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.