Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:NRGOF) CEO Robert Archer talked with Proactive about the company’s recent strategic shift, including its new project in Mexico and key personnel hires to support its development.
The project, El Potrero, was acquired at the end of February and marks a renewed focus for the company. Archer explained that the business model reflects his past work at Great Panther, with the objective to rapidly restart past-producing mines and build the company through operational cash flow, rather than relying on equity markets.
Archer described El Potrero as a previously producing asset that was active in the late 1980s, with no modern exploration since the 1990s. “We think there's a lot of potential there,” he said, adding that remnants of an existing plant offer an opportunity for a faster restart.
To advance the project, Pinnacle has brought back two experienced team members: Carlos, who will lead operations, and Jorge, on the exploration side—both of whom worked with Archer at the Guanajuato mine. Archer said, “Carlos has worked for me a couple of times... I think I can honestly say he was the best mine manager that we ever had.”
The next steps include finalising mine planning and assessing the plant rebuild, with more than 1,000 samples already collected over the past eight months.