Silver Tiger Files PEA and Updated PFS for El Tigre Project

Silver Tiger Metals Inc., based in Halifax, has announced the filing of a Preliminary Economic Assessment (PEA) and an updated Pre-Feasibility Study (PFS) for its El Tigre Project in Sonora, Mexico. The reports highlight underground mining economics, focusing on high-grade zones such as El Tigre and Black Shale.

The PEA reports an after-tax NPV of $304 million, with a 42.8% IRR and a 2.6-year payback. Initial costs are $83.5 million with a sustaining capital of $213 million. It estimates a 15-year mine life, producing 38M silver-equivalent ounces.

The updated PFS indicates a 10-year mine life, with a $456 million NPV and 65.7% IRR. It forecasts operating costs at $997/oz gold-equivalent. The project's total cash flow is anticipated to reach $625 million.

The assessments use metal prices of $38/oz for silver and $3,200/oz for gold, aiming for standalone execution of mine designs.