Silver Tiger Releases Updated El Tigre Project Report

Silver Tiger Metals Inc., a Canadian company, has announced the filing of a Preliminary Feasibility Study (PFS) for its El Tigre Silver-Gold Project in Sonora, Mexico. This report supports the results of an updated Mineral Resource Estimate (MRE). The PFS involves a 10-year mine life with a projected recovery of 43 million payable silver equivalent ounces or 510 thousand gold equivalent ounces.

Key financial highlights include an after-tax net present value (NPV) of $222 million and a 40% internal rate of return (IRR). The report details costs such as initial capital expenditure of $86.8 million and all-in sustaining costs (AISC) of $1,214 per gold equivalent ounce. The production is set at 4.8 million silver equivalent ounces annually.

The PFS was conducted by P&E Mining Consultants Inc. and others, employing rigorous scientific and technical standards. The effective date for these findings is October 22, 2024, with further assessments planned for 2025.