Silver has been cut in half from its highs, but Blackrock Silver CEO Andrew Pollard says the long-term thesis has not changed. Pollard joins Kitco Mining’s Kitco Spotlight with Paul Harris to discuss silver’s correction, structural deficits, and why high-grade projects can stand out in volatile markets. “High-grade stories are all-weather,” Pollard said.
The focus is Blackrock Silver’s 100%-owned Tonopah West silver-gold project in Nevada’s Walker Lane. The company’s March 2026 PEA outlined average annual production of 7.1 million ounces silver equivalent over more than 11 years, with all-in sustaining costs of $7.44 per ounce and initial capital of $190 million.
Pollard discusses Blackrock’s path toward development, including a planned exploration decline in Q3 2027, a minimum 50,000 tons of high-grade ore in 2028, private-land permitting advantages, potential non-dilutive U.S. government funding, the build-or-takeout question, and 800-meter step-outs that could test the next phase of resource growth.
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Learn more about Blackrock Silver: https://blackrocksilver.com/
This video was produced with support from a Kitco sponsor. The views expressed in this content do not necessarily reflect the views of Kitco Metals Inc. Kitco does not endorse or recommend any company, security, investment product, or investment strategy. This content is for informational purposes only and should not be considered investment advice.
00:20 - Silver Price Volatility and the 2026 Correction 02:41 - Is the Silver Bottom In? 04:39 - Tonopah West PEA: 7.1M Oz Silver Equivalent Per Year 05:29 - Blackrock Silver’s Path to Production 08:26 - Why Tonopah West Was Missed for Decades 12:05 - Private Land Permitting Advantage in Nevada 15:24 - Exploration Decline Cost and Funding Options 21:08 - Project Risks, Execution and Mine-Building Team 23:36 - Will Blackrock Silver Build or Sell Tonopah West? 27:01 - District Consolidation and Tonopah Upside __________________________________________________________________
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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.
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