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High-Grade Oxide Intercept Contains 757 g/t AgEq (10.81 g/t AuEq) over 17m
Includes Impressive 13 Metre Interval Grading 1,029 g/t AgEq (14.7 g/t AuEq) in Oxides
Lower mining costs bucking inflationary pressures largely offset lower average silver prices, keeping sector unit profits strong. That enabled the silver miners to fundamentally-outperform the gold miners in Q4’21, which is unusual.
The initial drilling program is expected to consist of approximately 3,000 meters of HQ diamond core drilling in six, 500-meter-deep holes. A follow-up drill program will be considered following receipt of the initial results.
Silver equivalent production is forecasted to total between 6.7 million and 7.6 million oz at an 80:1 silver:gold ratio.
Continues to Extend Oxide Mineralisation Beyond the Pit Margin in Northeast Zone.
AISC during the Life-of-Mine of $11.97/oz AgEq. Initial Capital Expenditure of $255.0 million, with payback period of 2.6 years. In first 5 years of 8.0 Moz Ag and 44.3 koz Au, (11.4 Moz AgEq) ...
The acquisition of Pitarrilla, one of the world’s largest undeveloped silver projects, accelerates our vision to become a premier senior silver producer.
Additional Shallow, High-Grade Oxide Intercepts Include 45.5 meters at 1.77 g/t Gold-Equivalent
“We continue to see exceptional drilling results within the El Curso and the Santa Cruz Sur systems at our Guanacevi silver mine. We have been operating at Guanacevi for more than 15 years and these encouraging results support our view that we can continue to extend the mine life.”
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