Outcrop Silver (TSX: OCG; OTCQX: OCGSF; FSE: MRG) CEO Ian Harris joins Kitco Mining’s Investment Trends with Paul Harris to discuss how silver’s late January surge is reshaping the outlook for primary silver explorers, even as equity valuations lag the metal. Harris says Outcrop’s asset base has not changed, but its ability to execute has, noting, “I have two years of runway,” something he says he has not had in more than 12 years following recent institutional investment.

Harris outlines an accelerated strategy at the Santa Ana project in Tolima, Colombia, where Outcrop has four drills running and is preparing an updated mineral resource. The company’s last published resource stood at roughly 37 Moz of silver, with the current drill program aimed at a material increase in scale.

He adds, “The project has never had a PEA,” confirming the next phase is expected to include Santa Ana’s first economic study as Outcrop shifts toward development. Harris also stresses the importance of scale in a tightening silver M&A landscape, saying, “Scale still matters, right?”, while pointing to Colombia’s May election and a new president in August as market perception catalysts as updated guidance works its way into valuations.

Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.

00:12 – Outcrop Silver Market Position and Primary Silver Exposure
00:48 – Impact of Rising Silver Prices on Explorers and Developers
01:15 – Financial Stability, Institutional Support, and Execution Plans
03:01 – Santa Ana Project Update and Resource Growth Strategy
06:48 – Valuation Gap and Silver Equity Market Perception
11:03 – Silver M&A, Amalgamation Trends, and Scale Requirements
15:34 – Colombia Elections and Jurisdictional Market Impact
17:32 – Key Catalysts, PEA Path, and 2026 Outlook
__________________________________________________________________

Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.

Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com

Stay connected with us
X - https://x.com/KitcoMining
Instagram - https://www.instagram.com/kitcomining
LinkedIn - https://www.linkedin.com/company/kitco-mining
Facebook - https://www.facebook.com/KitcoMining

Connect with the Kitco Mining anchors
Paul Harris - https://x.com/paulharrisgold

For more in-depth mining coverage, visit us here - https://www.kitco.com/mining

Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

With Capital in Place, Outcrop Silver Shifts to Execution | Ian Harris

Kitco MINING

With Capital in Place, Outcrop Silver Shifts to Execution | Ian Harris