A new preliminary economic assessment (PEA) for Silver X Mining’s (TSXV: AGX) flagship project in central Peru has confirmed its district-scale potential, with production of over 6 million oz. in silver-equivalent (AgEq) a year.
The PEA envisions a 3,000-tonne-per-day mine operating for at least 14 years at the Nueva Recuperada property, situated within Peru’s Huachocolpa mining district known for its historic silver production.
With an average annual production of 6.2 million AgEq ounces at an all-in sustaining cost of $15.8/oz, the project is given a net present value (5% discount, post-tax) of $440 million, with a 69% internal rate of return. The initial capital cost is estimated at $82 million, paid back in three years (after tax).
Silver X the PEA results confirm the company’s potential to scale into a mid-tier…
