Glenn Jessome, CEO of Silver Tiger Metals, shares updates on the El Tigre project in Sonora, Mexico, where recent underground sulfide zone drill results show 3 meters at 1.5 kg/t silver and 17+ meters over 300 g/t.

Mexico’s mining outlook improved at PDAC with a keynote from Fernando Aboitiz, Head of the Extractive Activities Coordination Unit, Ministry of Economy, signalling support for open-pit mining and faster permitting—crucial for Silver Tiger’s $86 million capex open-pit build. The PFS projects an 18-month construction, 1.4-year payback at spot prices (57-58% IRR), and $500 million in after-tax cash flow over nine years. Debt packages exceeding capex are being negotiated, positioning the company to hit 9-10 million ounces annually by late 2027 if underground development aligns, matching peers like SilverCrest ($2 billion sale) and Gatos (near $1 billion valuation).