CMX Gold & Silver Targets Silver Supply Deficit with Idaho Mine Revival

CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is advancing its Clayton Silver Project in Idaho, a historic mine that produced silver, zinc, copper, lead, and gold between 1935 and 1986. Due to the small scale of past operations, the Clayton ore bodies were never fully mined, and material with grades considered too low was left unprocessed, creating a substantial stockpile. This stockpile, potentially holding 1,000,000 tons or more of mineralized material, along with the unexplored underground mine, represents a significant opportunity for the company. CMX plans to install an ore-sorting system on site to process the stockpile and is implementing a work program that includes site preparation, geophysical surveys, drilling, and staking to assess the full potential of the underground resource.

The global silver market is experiencing a supply deficit, with demand reaching 1.13 billion ounces in 2025 against a supply of 1.09 billion ounces, according to the Silver Institute’s World Silver Survey 2026. This deficit is projected to grow, and CMX Gold & Silver aims to capitalize on this trend. The company, through its wholly owned U.S. subsidiary, holds a 100% interest in the Clayton Silver Mine. Over five decades of operation, an estimated 2,145,652 tons of ore were mined, but low prices forced closure in 1986. Now, with improved technology and market conditions, CMX is revisiting the site to exploit both the stockpile and the remaining underground resource. The company’s efforts are detailed in the full article available at MiningNewsWire, with additional information in the company’s newsroom at https://ibn.fm/CXXMF.