Silver Tiger: First Doré Pour December 2027
AI Summary
Silver Tiger Metals CEO Glenn Jessome joins Peter for a detailed update on the El Tigre silver-gold project in Mexico. He outlines major construction momentum following the recent EPCM contract award to KCA, site preparation activities, and the targeted first pour in December 2027. Jessome also covers the project’s gold-silver mix, plans to advance the high-grade underground deposit toward PFS, upcoming drilling on the northern extension, the company’s strong cash position, and his deliberate strategy around future debt financing amid a strengthening precious metals market.
- EPCM contract signed with KCA; surface mine construction accelerating with first pour targeted for December 2027 per Gantt chart
- Company well-funded with ~$100 million cash in the bank, giving flexibility to execute without rushing debt
- Surface (stockwork) mine ~66% gold / 33% silver by value; underground mine ~75% silver / 25% gold by value – overall silver project with gold byproduct
- Drill rigs moving north this week to delineate additional ~3 million tonnes high-grade zone (disclosed in PA Section 24) with potential to nearly double underground resource
- Strong lender interest in debt financing; Jessome waiting for optimal terms as project de-risks through construction progress
