QualityStocksNewsBreaks – Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) Reports Positive PEA Results for Condor Gold Project in Ecuador
This article has been disseminated on behalf of Silvercorp Metals and may include paid advertising. Silvercorp Metals (TSX: SVM) (NYSE American: SVM) reported results from a Preliminary Economic Assessment for its Condor gold project in Ecuador, based on a Mineral Resource Estimate prepared in accordance with NI 43-101. The PEA outlined an after-tax NPV (5%) of $522 million and IRR of 29% at base-case metal prices, rising to an after-tax NPV (5%) of $1.56 billion and IRR of 61% at near-spot prices, with a projected 13-year mine life producing payable gold, silver, zinc, and lead, initial capital costs of $292…