Silver X Mining Announces Enhanced PEA Showing $440M NPV and 69% IRR for Nueva Recuperada Silver District
Silver X Mining Corp.'s updated preliminary economic assessment reveals robust financial metrics and expansion plans that position the company to become a significant mid-tier silver producer in South America.
Silver X Mining Corp. has released an enhanced preliminary economic assessment for its Nueva Recuperada Silver District, demonstrating strong economic potential with an after-tax net present value of $439 million at a 5% discount rate and a 69% internal rate of return. The assessment, prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, outlines a 14-year life of mine operation with combined mining and processing capacity of 3,000 tonnes per day.
The project is projected to produce an average of 6.2 million ounces of silver equivalent annually, with life of mine cash costs of $11.8 per ounce and all-in sustaining costs of $15.8 per ounce. The initial capital expenditure is estimated at $82 million, including a 13% contingency, covering the new processing facility, dry-stacked tailings, and mine development. CEO José García stated that the results confirm Nueva Recuperada as a district-scale silver project that will continue to grow and operate for decades, positioning Silver X to become a mid-tier silver producer.
The strategic plan involves operating two mines within the district: the Tangana Mining Unit, the company's flagship operation since 2021, and the Plata Mining Unit in the southern part of the district known for higher-grade mineralization. The company plans to increase production by up to six times within the next few years through two milling facilities - a new 1,500 tpd mill at Tangana and an expansion of the existing Recuperada mill to 1,500 tpd to process ore from the Plata Mining Unit.
The updated mineral resource estimate, with an effective date of May 31, 2025, was supervised by qualified person David Heyl. The PEA was prepared by independent consultants Edgar Vilela and Donald Hickson, with the technical report to be filed on SEDAR and posted to the company's website within 45 days. The company is in the final stages of obtaining environmental approval for the Tangana Mining Unit from SENACE, expected before the end of 2025.
This enhanced economic assessment represents a significant step forward for Silver X's development strategy, demonstrating the potential for substantial value creation through district-scale operations. The robust project economics and aggressive upcoming drill campaigns aimed at upgrading resource categories and expanding tonnage underscore the company's potential to become one of the most significant polymetallic silver projects in South America.