Investigator Silver Touts Paris Project as Rare Pure-Play Opportunity

Investigator Silver is promoting its Paris Silver project as a rare pure-play silver development in Australia. The company's managing director, Lachlan Wallace, presented at Mining Forum Americas 2026.

The project has a large resource and strong projected cash generation. It also has a clear path to production and is expected to produce silver doré on site.

Wallace highlighted the market discount, stating that the company trades well below peer valuations despite its size and economics. He noted that the shares trade at about 0.14 to 0.15 times net present value (NPV), which is significantly lower than the roughly 0.4 times multiple seen among peers.

The project's definitive feasibility study assumes a $60 silver price and points to more than $700 million in free cash generation over 11 years. The company has started a 30,000-meter drilling program aimed at increasing the resource, extending mine life, and adding value.