Halifax, Nova Scotia – November 15, 2024 – Silver Tiger Metals Inc. (TSXV: SLVR) (OTCQX: SLVTF) is gearing up for an exciting opportunity at the upcoming New Orleans Investment Conference, scheduled for November 22nd at the Hilton New Orleans Riverside. This annual event, renowned for attracting some of the brightest minds in investment and finance, promises to be a significant platform for Silver Tiger to showcase its advancements and future prospects in the silver mining sector.
A Spotlight on Silver Tiger Metals Inc.
Silver Tiger Metals Inc. is a Canadian mining company with a strong focus on silver and gold exploration and development. With over 27 years of experience in discovering, financing, and constructing large hydrothermal gold and silver mines in Mexico, the company has established itself as a formidable player in the mining industry. Its flagship asset, the 28,414-hectare Historic El Tigre Mining District located in Sonora, Mexico, is a testament to its commitment to sustainable mining practices and robust economic potential.
Since commencing work on the El Tigre Project in 2017, Silver Tiger has made significant strides, raising over $100 million CDN through four syndicated bought deal financings, primarily from long-only precious metals institutions. The company has drilled over 150,000 meters at the El Tigre Project, with a substantial portion of that work completed since 2020. This extensive drilling program has led to several Mineral Resource Estimates (MRE), including a maiden MRE in 2017 and updates in 2023 and 2024.
Economic Viability of the El Tigre Project
The Preliminary Economic Assessment (PEA) for the El Tigre open pit, released in November 2023, revealed robust economic metrics that highlight the project’s potential. The October 2024 Preliminary Feasibility Study (PFS) further solidified this outlook, projecting an after-tax net present value (NPV) of US$222 million at a 5% discount rate and an impressive after-tax internal rate of return (IRR) of 40.0%. With a payback period of just two years, the El Tigre Project is expected to have a 10-year mine life, delivering an undiscounted after-tax cash flow of US$318 million.
The project’s initial capital costs are estimated at $86.8 million, which includes a contingency of $9.3 million. Operating cash costs are projected at $973/oz AuEq and $12/oz AgEq, with all-in sustaining costs (AISC) at $1,214/oz AuEq and $14/oz AgEq. These figures are based on a discounted silver price of $26/oz and a gold price of $2,150/oz. As Silver Tiger moves forward, it is now initiating underground drilling, focusing on high-grade silver vein, sulphide, and shale zones, with a Preliminary Economic Assessment for the permitted underground mineral resource expected in the first half of 2025.
The New Orleans Investment Conference: A Hub for Investors
The New Orleans Investment Conference is a prestigious gathering that has been a staple for sophisticated investors for nearly half a century. This year’s event promises to be no different, featuring a lineup of distinguished speakers, including renowned economists, analysts, and investment strategists. Attendees will have the opportunity to discover new investment opportunities, exchange ideas, and network with like-minded individuals in a vibrant and engaging environment.
Over the years, the conference has hosted an impressive array of speakers, including historical figures such as Lady Margaret Thatcher, former President Gerald Ford, and Nobel Prize-winning economists. This year, attendees can look forward to insights from influential voices like James Grant, George Gammon, Rick Rule, and many others, making it a must-attend event for anyone interested in the financial markets.
Conclusion: A Not-to-Miss Opportunity
Silver Tiger Metals Inc.’s participation in the New Orleans Investment Conference represents a significant opportunity for the company to connect with investors and showcase its promising El Tigre Project. With a strong economic outlook and a commitment to sustainable mining practices, Silver Tiger is poised for growth in the silver mining sector.
Investors and industry enthusiasts are encouraged not to miss this chance to engage with Silver Tiger’s VP of Investor Relations, Devin Devarennes, during the conference. For those interested in attending, registration for the 50th Annual New Orleans Investment Conference is now open. Click here to secure your spot.
As the silver market continues to evolve, Silver Tiger Metals Inc. stands ready to capitalize on emerging opportunities, making it a company to watch in the coming years.
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