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Discovery Silver reveals 'very capital efficient' PEA results on Cordero silver project in Mexico

Published: 10:16 01 Dec 2021 EST

Discovery Silver (TSX-V:DSV, OTCQX:DSVSF) Corp. CEO Taj Singh talks to Proactive about results from its Preliminary Economic Assessment on its Cordero silver project in Mexico, which he says is set to become 'one of the largest silver mines in the world.'

Singh says study highlights includes an after-tax NPV of $1.2 billion and an IRR of 38%, with a 16-year mine life with average annual production of 26 Moz AgEq at an AISC of $12.35/oz AgEq.

Initial development capex for the project is $368 million. Singh says the group is now moving aggressively towards a prefeasibility study.

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