Silver Tiger Metals (TSX-V: SLVR) CEO Glenn Jessome discusses the transformative impact of $90/oz silver on the company’s flagship El Tigre project in Sonora, Mexico.

Key highlights from the interview:

The open-pit PFS, originally based on $26/oz silver and $2,150/oz gold, delivered a post-tax NPV of ~$300M

At current spot prices (~$90/oz silver and equivalent gold), the open-pit alone shows:

– $1.2B USD post-tax NPV

– 157% IRR

– 6-month payback

– $1.8B after-tax net cash flow over 9-year mine life

Construction is advancing following receipt of Mexico’s first major open-pit mining permit since 2019

Detailed engineering nearing completion, road upgrades underway, and site preparation in progress

Underground PEA expected by end of January 2026, with potential to bring high-grade feed online concurrently

Company holds ~US$50M cash, providing financing flexibility with no immediate pressure

Target first production mid-2027 amid structural silver supply constraints

Jessome addresses the persistent global silver supply deficit, limited new primary mine development, and growing industrial demand from AI, solar, and electrification trends.

Courtesy of Silver Tiger Metals Via Mining Network