This article has been disseminated on behalf of Silvercorp Metals and may include paid advertising.
Silvercorp Metals (TSX: SVM) (NYSE American: SVM) reported results from a Preliminary Economic Assessment for its Condor gold project in Ecuador, based on a Mineral Resource Estimate prepared in accordance with NI 43-101. The PEA outlined an after-tax NPV (5%) of $522 million and IRR of 29% at base-case metal prices, rising to an after-tax NPV (5%) of $1.56 billion and IRR of 61% at near-spot prices, with a projected 13-year mine life producing payable gold, silver, zinc, and lead, initial capital costs of $292 million, a three-year post-tax payback, and an average life-of-mine all-in sustaining cost of $1,258 per ounce of gold net of by-product credits.
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