- Discovery Silver Corp. (DSV) has updated its preliminary feasibility study for the Cordero silver project in Mexico, with a net present value of US$1.2 billion
- The project also has an initial return rate of 28 per cent and a 40 per cent increase in annual production over 18 years
- The project maintained its average all-in sustaining costs of $12.80 per ounce of silver equivalent for years one to 12
- The study predicted a peak estimated local workforce of over 1,000 employees and over US$4 billion of expected goods and services purchased locally
- Discovery Silver Corp. (DSV) is up 2.96 per cent, trading at $1.39 per share as of 1:25 p.m. EST
Discovery Silver Corp. (DSV) has updated its preliminary feasibility study for the Cordero silver project in Mexico with an estimated net present value of US$1.2 billion.
The preliminary feasibility study highlighted several substantial economic values for the project, such as its initial return rate of 28 per cent and a 40 per cent increase in annual production over 18 years.
Tony Makuch, CEO of Discovery Silver, commented,
“Despite significant industry-wide cost escalation over the last year, cost savings from a streamlined process design and improved metallurgical performance have resulted in a highly capital-efficient project with excellent margins.”
In the updated study, the project maintained its average all-in-sustaining costs of US$12.80 per ounce of silver equivalent for years one to 12 with an initial development capital expenditure of US$455 million.
The study’s mine plan assumed 42 per cent of measured and indicated resource tonnes will be processed and potentially extend the mine’s life at higher silver prices.
Additionally, the study predicted a peak estimated local workforce of over 1,000 employees and over US$4 billion of expected goods and services purchased locally within Mexico over the life of the mine.
Discovery Silver Corp. (DSV) is up 2.96 per cent, trading at $1.39 per share as of 1:25 p.m. EST.