Recorded on April 13 2026
TSXV MGMA
OTCQB MAGMF
FSE BC21
Magma Silver Chairman and CEO J. Stephen Barley joins Andy Millette to break down why Niñobamba in Peru stands out as a developing silver and gold story with real near-term catalysts. In this interview, Barley explains why management believes the project is unusual for its shallow profile, low-cost open pit heap leach potential, and silver-first exposure instead of a byproduct-heavy model. He also lays out the permitting status, why the company expects drilling to begin in mid-May, and how Magma plans to move the story toward a future resource. The conversation covers prior work completed on the project, infrastructure advantages, expected news flow, valuation context, and why management believes the market still has not fully caught up to the scale of the opportunity. If you are watching silver leverage, Peru exploration stories, and drill-driven re-rating setups, this interview gives you the thesis directly from management. Like, subscribe, and ring the bell. #Millettian
Key topics
Niñobamba project overview
Peru jurisdiction and infrastructure
Joramina permit status and expected drill start
Why management says this is a primary silver story
Target scale of silver and gold at Niñobamba
Resource growth path and timeline
Funding position and expected catalyst flow
Why management believes the story remains underfollowed
Guest and company links
Magma Silver Corp.
https://magmasilver.com/
Host Andy Millette
Natural Resource Stocks
https://www.NaturalResourceStocks.net
https://www.youtube.com/@NaturalResourceStocks
https://www.youtube.com/@NaturalResoureStocksClips
https://www.linkedin.com/in/andymillette
https://www.linkedin.com/company/naturalresourcestocks-net
https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713
https://www.instagram.com/naturalresourcestocks
Chapters
0:00 Cold Open
1:38 Silver market setup
2:56 Magma Silver overview
3:52 Peru infrastructure
4:38 Peru jurisdiction
5:11 Permit process and drill timing
6:18 Project deep dive
7:58 Silver leverage angle
8:26 How Magma got the project
10:11 Target ounces and mine vision
11:17 Expansion potential
13:00 Drill timeline and catalysts
14:33 Why the story is still early
17:19 Where to find Magma Silver
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