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FAQ: Silvercorp Metals' Condor Gold Project PEA Results and Company Overview
TL;DR
Silvercorp Metals' Condor project offers investors a 29% IRR with potential for 61% at near-spot prices, providing strong returns over its 13-year mine life.
The PEA outlines a $292 million initial capital cost, three-year post-tax payback, and $1,258 per ounce AISC for the Condor project's gold, silver, zinc, and lead production.
Silvercorp's commitment to responsible mining and ESG practices ensures sustainable resource development that benefits local communities and the environment long-term.
A Canadian mining company's Ecuador project could yield over $1.5 billion in value while producing four different metals from a single operation.
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Silvercorp Metals reported positive results from a Preliminary Economic Assessment for its Condor gold project in Ecuador, showing strong financial viability with an after-tax NPV (5%) of $522 million and IRR of 29% at base-case metal prices.
The PEA shows an after-tax NPV (5%) of $522 million and IRR of 29% at base-case prices, rising to $1.56 billion NPV and 61% IRR at near-spot prices, with initial capital costs of $292 million and a three-year post-tax payback period.
The Condor gold project is located in Ecuador.
The project will produce payable gold, silver, zinc, and lead over its 13-year mine life.
The project has a projected 13-year mine life with an average life-of-mine all-in sustaining cost of $1,258 per ounce of gold net of by-product credits.
Silvercorp's strategy is to create shareholder value by focusing on generating free cash flow from long life mines, organic growth through extensive drilling, ongoing merger and acquisition efforts, and long-term commitment to responsible mining and ESG.
The latest news and updates relating to SVM are available in the company's newsroom at https://ibn.fm/SVM.
The positive PEA results demonstrate the Condor project's strong economic potential with attractive returns, supporting Silvercorp's growth strategy and showing the company's ability to develop profitable mining projects.
The Mineral Resource Estimate was prepared in accordance with NI 43-101 standards.
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Curated from InvestorBrandNetwork (IBN)
