The project, situated in the historic Parral Mining District, is designed to process 6,000 tonnes per day, targeting a total payable production of 63.6 million ounces of silver. With an average all-in sustaining cost of $18.73 per ounce, the company anticipates the site will generate significant cash flow while leveraging existing regional infrastructure and proximity to active mining operations like the Santa Barbara and San Francisco Del Oro mines.
Kootenay Silver Targets Development at La Cigarra with Positive PEA
Kootenay Silver has unveiled a positive Preliminary Economic Assessment for its La Cigarra project in Chihuahua, Mexico, projecting an after-tax net present value of $763 million. The study outlines a 14-year open-pit mining operation with a 41% internal rate of return and a rapid 1.9-year payback period.
"The Preliminary Economic Assessment marks a significant milestone in advancing La Cigarra toward development," said James McDonald, CEO of Kootenay Silver. The company plans to build on the study's findings by initiating further resource expansion drilling and advancing environmental baseline studies. While the PEA demonstrates strong economic potential, management noted that the project remains in the preliminary stages, with future progress contingent on feasibility engineering and permitting success.
Comments (0)
No comments yet. Be the first!