Bolivian Court Reverses COMIBOL Cancellation of Silver Elephant's Pulacayo-Paca Contract
Bolivia's Supreme Tribunal voided COMIBOL's cancellation of Apogee's Pulacayo-Paca contract, but the company says enforcement of the ruling is still uncertain.
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what happened
Bolivia's highest court has invalidated the COMIBOL order that terminated Apogee's Pulacayo-Paca production agreement, and has also nullified the proceedings tied to it. The contract, signed in 2019, gives its holder sole development and extraction rights for as long as 30 years.
The information comes from a press release issued by Silver Elephant Mining Corp. and distributed by TMX Newsfile. The company notes that the ruling alone does not show operations will restart, since Bolivian authorities still have to recognize and carry out the decision.
why it matters
For ELEF investors, this clears a legal obstacle around the flagship asset, which COMIBOL moved to cancel in 2024. Resuming work will still require proof that the ruling is enforced, plus news on permits, financing and development plans.
market impact
ELEF shares: court ruling removes a legal obstacle, but enforcement is not yet confirmed
- ELEF shares mixed — the ruling removes the legal basis for cancellation, yet enforcement is unconfirmed
tags
instruments
sources
- Silver Elephant Mining Corp. (ELEF) Court Annuls Cancellation of Bolivia Mining Contract — newsfilecorp.com, 6 November 2026 at 15:04 UTC
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