Aftermath Silver (TSXV: AAG) is advancing its Berenguela silver-copper-manganese project in Puno, Peru, where Founder and Executive Chairman Mike Williams says the deposit has grown into one of the larger undeveloped silver resources in the sector. Speaking with Kitco Mining at PDAC 2026, Williams said the project hosts “122 million ounces of silver measured and indicated” with “a further 20 million in inferred,” alongside about 870 million lb. of copper and roughly 3 million tons of manganese.

Williams said the company is preparing a pre-feasibility study expected later this year or in Q1 2027 and is targeting early silver output from the open-pit project. “Our goal is to end up between producing four to 5 million ounces of silver annually,” he said. Copper and manganese could provide byproduct credits that lower silver costs, while metallurgical work is advancing to produce high-purity manganese suitable for EV batteries. The company also plans drilling this year to follow up on a high-grade copper zone and expand silver mineralization across the deposit.

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 To learn more about Aftermath Silver, visit: https://aftermathsilver.com/

00:27 - Why Aftermath Silver Acquired the Berenguela Project
01:09 - Manganese Breakthrough and Hydrometallurgy Processing
03:02 - Berenguela Resource Growth and 122Moz Silver Resource
04:21 - Battery-Grade Manganese Potential for EV Supply Chain
06:55 - PFS Strategy and 4–5Moz Annual Silver Production Target
08:05 - Silver Price Assumptions and Project Stress Testing
09:39 - Silver Leverage, Market Cap Sensitivity, and Infrastructure
11:42 - Copper Exploration Upside and High-Grade Drill Results
13:16 - Peru Politics, Mining Permits and Community Relations
19:36 - Water Management and Ore Processing Strategy
21:32 - 2026 Catalysts: Drilling, Metallurgy, and PFS Timeline
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