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FAQ: Silvercorp Metals' Condor Gold Project PEA Announcement
TL;DR
Silvercorp Metals' Condor project offers investors a high-return opportunity with a 29% IRR and potential NPV up to $1.5 billion at higher gold prices.
Silvercorp Metals is constructing the El Domo mine for 2027 production while funding Ecuador expansion with cash flow from its profitable Chinese mining operations.
Silvercorp's expansion into Ecuador creates long-term economic opportunities through sustainable mining projects that can support local communities for over a decade.
A Canadian company is building gold mines in Ecuador that could produce over 100,000 ounces annually for 13 years at remarkably low costs.
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Silvercorp Metals has released Preliminary Economic Assessment (PEA) results for its Condor gold project in Ecuador, highlighting the potential for a low-cost underground gold operation with strong economic projections.
The Condor gold project is located in Ecuador, representing part of Silvercorp's expansion beyond its existing mining operations in China.
The PEA reports an after-tax net present value of $522 million and an after-tax internal rate of return of 29% at a base case gold price of $2,600/ounce, increasing to $1.5 billion and 60% respectively at $4,300/ounce.
The project is expected to produce over 100,000 ounces of gold annually over a 13-year mine life, with an all-in sustaining cost of $1,258/ounce net of by-product credits.
Silvercorp's growth projects in Ecuador, including the El Domo copper-gold mine and Condor project, are funded by the company's strong balance sheet and cash flow from its producing mines in China.
Silvercorp is currently constructing the El Domo copper-gold mine in Ecuador, which is expected to begin production in 2027.
Expansion into Ecuador represents an important new front for the company beyond their productive China mining camps, diversifying their geographic presence and project portfolio.
The PEA highlights the potential for underground development at the Condor project, which is characterized as a low-cost operation.
For more information, visit the company's website at https://silvercorpmetals.com/welcome.
This content includes paid advertisement and is disseminated on behalf of Silvercorp Metals, with IBN expressly disclaiming liability for third-party content and not endorsing or guaranteeing its accuracy.
Curated from InvestorBrandNetwork (IBN)
