{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Silver Tiger Metals (TSXV:SLVR) Robust PFS Roars 5+ Moz Annual Silver Production at El Tigre","html":"","width":"100%","height":180,"duration":2449,"description":"Interview with Glenn Jessome, President & CEO of Silver Tiger Metals Inc.Our previous interview: https://www.cruxinvestor.com/posts/silver-tiger-metals-tsxvslvr-positions-for-growth-as-mexicos-mining-sector-rebounds-6049Recording date: 1st November 2024Silver Tiger Metals (TSXV:SLVR) is poised to become a significant silver producer following the release of a robust Pre-Feasibility Study (PFS) on its flagship El Tigre project in Sonora, Mexico. The study outlines a technically simple and economically attractive open pit operation capable of producing over 5 million ounces of silver per year at industry-low costs.At a base case silver price of $21.50/oz and gold price of $1,750/oz, the El Tigre PFS generates an after-tax NPV (5% discount) of $222 million and IRR of 40%. The project benefits from low initial capex of just $86 million and a rapid payback period of 2 years. Life-of-mine all-in sustaining costs are estimated at $12.14/oz silver, placing El Tigre in the lowest quartile of the industry cost curve.Importantly, the PFS only considers open pit mining of the El Tigre deposit. The company sees significant potential to expand resources and production through underground development of the historic El Tigre mine, where drilling has intercepted bonanza-grade silver mineralization over wide widths. A Preliminary Economic Assessment (PEA) on the integrated open pit and underground operation is targeted for H1 2025.Permitting is well advanced, with amendments submitted to convert the existing underground mining permit to include open pit operations. Silver Tiger expects to receive approval in the first half of 2025, allowing for a 12-month construction period and first production in mid-2026. The initial phase of mining will focus on the highly profitable \"starter pit\", which boasts a grade of 0.6 g/t AuEq and ultra-low strip ratio of 0.3:1.The PFS envisions a 10-year mine life for the open pit, generating average annual production of 5.0 million ounces of silver...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}