Glenn Jessome: Silver Tiger Metals Secures Historic Mexico Mine Permit + Underground PEA Coming Soon
In this exclusive interview, Michael Fox and Glenn Jessome celebrate Silver Tiger Metals’ (TSX-V: SLVR) (OTCQX: SLVTF) groundbreaking mining permit in Mexico—the first new surface mine permit since 2019-2020—thanks to eight years of dedicated teamwork amid soaring silver prices and its critical status for AI, EVs, batteries, and U.S. supply chain security (with China’s export bans and a new Tennessee smelter in play). Engineering races ahead with process plant and crusher finals due by January’s end, while construction kicks off on roads, bridges, camp earthworks, land clearing, and water wells; meanwhile, they’re transitioning to a high-grade underground silver deposit with an upcoming PEA for an 800 tpd mill boasting low capex and stellar economics. Over a focused 30-month timeline for the bulk tonnage surface mine, exploration targets north-south expansions to boost metal inventory and profitability, paving the way to PFS and shareholder value. Catch Glenn’s live updates at the Metals Investor Forum and Vancouver Resource Investment Conference—full interviews and resources on our site!
About Silver Tiger and the El Tigre Historic Mine District
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. Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with 119,000 meters completed since 2020. Silver Tiger has completed several MREs, a maiden MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit was released in November 2023.
The October 2024 PFS for the El Tigre open pit delivered robust economics. The PFS projects an After-Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of 2.0 years. This open pit operation is expected to have a 10-year mine life. The El Tigre project delivers a life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs of US$86.8 million (including US$9.3 million in contingency). Operating cash costs are projected at US$973/oz AuEq and US$12/oz AgEq, with AISC at US$1,214/oz AuEq and US$14/oz AgEq.
The economics of the Project have been evaluated based on a discounted US$26/oz silver price and gold price of US$2,150/oz.
