CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is moving forward with a plan to assess the underground resource and exploit an above-ground stockpile at its Clayton Silver Project in Idaho, as the company seeks to take advantage of a projected supply deficit in the silver market. According to the Silver Institute's World Silver Survey 2026, global silver demand is expected to reach 1.13 billion ounces in 2025, against a documented supply of 1.09 billion ounces, creating a deficit that is projected to grow (https://ibn.fm/iO2ky).
The Clayton Silver Mine, discovered in the late 1800s and operational from 1935 to 1986, produced silver, zinc, copper, lead, and gold. During its five decades of operation, an estimated 2,145,652 tons of ore were mined and processed. However, due to the small scale of mining operations, the ore bodies were never fully mined. Additionally, mined material at grades considered too low was left unprocessed, creating a stockpile that potentially holds 1,000,000 tons or more of mineralized material.
CMX, through its wholly owned U.S. subsidiary, holds a 100% interest in the historic mine located in the Bayhorse Mining District. The company plans to install an ore-sorting system on site to process the stockpile, which represents a significant exploitation opportunity. In parallel, CMX is implementing a work program that includes site preparation, geophysical surveys, drilling, and staking to help assess the full potential of the underground resource.
The company's strategy aligns with the growing demand for silver, which is widely used in industrial and non-industrial applications, including the manufacture of electronics, water purifiers, photovoltaics, jewelry, and silverware. Mine production accounted for 846.6 million ounces of the total supply in the survey, highlighting the gap that secondary sources and new production must fill.
CMX's initiative could provide a new source of supply for the silver market, potentially impacting industries that rely on the metal. The company's focus on both the stockpile and unexplored mine suggests a dual approach to resource development, which may increase the project's overall value. For investors, the latest news and updates relating to CXXMF are available in the company's newsroom at https://ibn.fm/CXXMF.
