# Precious metal mining project developments

> Live situation record from CLSTR: https://clstr.news/situations/precious-metal-mining-project-developments
> Updated: 2026-10-07T09:00:07.000Z. Sources: 5. Developments: 2.

Mining companies are advancing key precious metal projects in response to shifting market dynamics and significant silver supply gaps. 

Skeena Resources Limited is progressing with the construction of its Eskay Creek project in British Columbia, Canada, with the goal of reaching production by 2027. Similarly, Vizsla Silver Corp. is moving toward a construction decision for its high-grade Panuco project in Mexico following a positive feasibility study.

The silver market is experiencing a sustained deficit, with the World Silver Survey 2026 projecting a shortage of 46.3 million ounces. This follows a 40.3 million ounce deficit in 2025, marking six consecutive years where industrial demand from sectors such as electronics, photovoltaics, and automotive technology has outpaced supply.

## Timeline

### 2026-10-07: Mining companies advance precious metal projects amid supply gaps

Mining firms Skeena Resources, Vizsla Silver, and Southern Cross Gold are advancing precious metal projects amid a projected multi-year silver supply deficit and high-grade gold discoveries.

2 sources. https://clstr.news/cluster/mining-companies-advance-precious-metal-projects-amid-supply-gaps

### 2026-09-25: Skeena Resources and Vizsla Silver advance key mining projects

Skeena Resources and Vizsla Silver are advancing major mining projects in Canada and Mexico as silver prices remain strong.

5 sources. https://clstr.news/cluster/skeena-resources-and-vizsla-silver-advance-key-mining-projects

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Cite as: Precious metal mining project developments. CLSTR, https://clstr.news/situations/precious-metal-mining-project-developments