Silver Tiger Metals Inc.
Primary ticker: TSXV:SLVR, OTCQX:SLVTF, ISIN: CA82831T1093 I WKN: A2P4Y
Stage of development: Exploration, Development
Primary minerals: Silver, Gold
Project to promote: El Tigre
Project location: Mexico
Website: https://www.silvertigermetals.com/
Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years’ experience discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger.
Silver Tiger commenced work on its El Tigre Project in 2017. El Tigre will be an open pit and underground mine. Silver Tiger has raised over $100 million CDN in 4 syndicated bought deal financings. The majority of this money was invested by long only precious metals institutions. Silver Tiger has drilled 150,000 meters at the El Tigre Project, with 119,000 meters completed since 2020. Silver Tiger has completed several Mineral Resource Estimates (“MRE”), a maiden MRE in 2017 and MRE updates in 2023 and 2024. The Preliminary Economic Assessment for the El Tigre open pit was released in November 2023 and is the final study required to commence gold and silver production.
The October 2024 Preliminary Feasibility Study (“PFS”) for the El Tigre open pit delivered robust economics. At current spot prices for silver and gold we project an after-tax net present value (NPV) of US$375.6 million at a 5% discount rate, an after-tax internal rate of return (IRR) of 57.2%, and a payback period of just 1.6 years. This open pit operation is expected to have a 10-year mine life. At current spot prices the El Tigre project delivers a life of mine undiscounted after-tax cash flow of US$520.7 million, with initial capital costs of $86.8 million (including $9.3 million in contingency). Operating cash costs are projected at $973/oz AuEq and $12/oz AgEq, with all-in sustaining costs (AISC) at $1,214/oz AuEq and $14/oz AgEq. Average annual production is estimated at approximately 67,000 gold equivalent ounces in the mines first phase, increasing to over 100,000 gold equivalent ounces after the second phase is complete.
Silver Tiger is now initiating drilling from underground, focusing on high-grade silver vein, sulphide, and shale zones. A Preliminary Economic Assessment for the fully permitted underground mineral resource is expected to be released in the first half of 2025.
Cash: CAD 365M
Debt: CAD 118M
Major shareholders:
Franklin Advisers
Sprott Asset Management
Van Eck
Merk
Ixios
Management ownership – 8%
Financials
Management Profile
Glenn Jessome – President & CEO (B.Sc., JD, MBA)
Glenn is the founding shareholder of Silver Tiger Metals Inc. and he oversaw the listing of the Company on the TSXV. Glenn is a securities lawyer with 25 years of resource sector capital markets experience and he currently serves as a member of the TSXV National Advisory Committee. Glenn is Corporate Secretary and a founding shareholder of Gogold Resources Inc., another company for which he oversaw the listing on the TSX. Glenn received his Law Degree and MBA from Dalhousie University in Halifax, Nova Scotia and holds a Science Degree from Saint Francis Xavier University in Antigonish, Nova Scotia.
What is your rationale for taking part in 121 Mining Investment?
Investor awareness and partner with investors and precious metals refiners to produce gold and silver for the Dubai market.
What recent news would you like to highlight to investors attending?
22 October – SILVER TIGER ANNOUNCES PFS FOR THE STOCKWORK ZONE OF THE EL TIGRE SILVER-GOLD PROJECT, SONORA, MEXICO
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
commodity price – find good low cost projects and be able to advance projects to cash flow to fund exploration.
What do you think makes your company such a compelling investment?
Highly skilled technical team
What are the top 3 key investor takeaways?
Emerging large gold and silver producer. Experience management team that have built large gold and silver mines in Mexico for 27 years.