This article has been disseminated on behalf of Silvercorp Metals and may include paid advertising.
Silvercorp Metals (TSX: SVM) (NYSE American: SVM) reported results from a Preliminary Economic Assessment for its Condor gold project in Ecuador, based on a Mineral Resource Estimate prepared in accordance with NI 43-101. The PEA outlined an after-tax NPV (5%) of $522 million and IRR of 29% at base-case metal prices, rising to an after-tax NPV (5%) of $1.56 billion and IRR of 61% at near-spot prices, with a projected 13-year mine life producing payable gold, silver, zinc, and lead, initial capital costs of $292 million, a three-year post-tax payback, and an average life-of-mine all-in sustaining cost of $1,258 per ounce of gold net of by-product credits.
To view the full press release, visit https://ibn.fm/Vdl6K
About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG.
NOTE TO INVESTORS: The latest news and updates relating to SVM are available in the company’s newsroom at https://ibn.fm/SVM
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