Gold-silver restart — Mexico
- Commodity
- Gold / Silver
- Stage
- Restart of operating asset
- Geography
- Chihuahua, Mexico
- Confidentiality
- Client named under mutual NDA; engagement is a draft mandate in active structuring.
Context
A historical underground gold-silver mine in the Maguarichi belt of northwestern Mexico, held through a Delaware parent and a Mexican operating subsidiary. The asset had produced concentrate through 2023 before entering care-and-maintenance. The sponsor sought a staged pathway back to bankability and an eventual listing on a senior capital market.
ISR's role
A five-phase advisory mandate spanning approximately thirty months, from legal-and-geological foundations through a TSX listing pathway.
Phase 1 — Legal and geological foundations
Concession-tenure verification, ownership and lease confirmation, regional and structural geological mapping, and a NI 43-101 readiness assessment.
Phase 2 — Exploration data consolidation
Compilation and validation of historical drillhole, assay, geochemical, geophysical, and survey data; cross-referencing of legacy datasets against field records; establishment of a NI 43-101 Section 6 data-management framework.
Phase 3 — QA/QC implementation and sampling standards
QA/QC program design with certified reference materials, blanks, and duplicates; laboratory verification and inter-lab cross-checking; sampling-methodology and chain-of-custody design.
Phase 4 — Resource estimation and QP review
CIM-compliant resource estimation, geological and block modeling, sensitivity analysis, and independent Qualified Person site visit and verification, culminating in a NI 43-101 technical report.
Phase 5 — Corporate restructuring and capital-markets pathway
Corporate structuring for a Canadian listing, regulatory-compliance design, prospectus coordination, pre-IPO financing strategy, and sponsor/broker engagement.
What the engagement illustrates
The shape of a typical ISR full-lifecycle engagement on a restart asset: legal first, data integrity second, QA/QC third, QP-grade resource estimation fourth, capital markets last. The sequencing matters more than the speed.
Why the engagement fits our practice
The project combines three conditions we look for — a physically real asset with a credible production history, a sponsor whose interests are aligned with a bankable outcome rather than a quick flip, and a pathway where senior-led technical validation and capital-markets readiness can be delivered by the same firm.