Glenn Jessome, President and CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF), joins me for a candid conversation on the political change in administrations in Mexico yesterday and what it means for the mining sector. We also discuss the exploration and development work has been building towards an imminent Pre-Feasibility Study (PFS) on the open-pit mine at the El Tigre Silver-Gold Project in Mexico; with plans to have the Preliminary Economic Assessment (PEA) out on the underground mining second phase out in the first half of 2025.
We start by recapping the complete sea-change in sentiment that the silver stocks in Mexico have seen from depressed valuations over the last couple of years, to the recent upswing in prices, with more reratings likely to still come once the mining permits start being issued again in H1 of 2025. Glenn shares the key takeaways he heard from the new President, Claudia Sheinbaum’s, public address; which reiterated that foreign capital investment was safe within their country. He also reminds listeners that it will be a process to get new cabinet positions filled and for staffing up the new administration, but that he expects the permits will start getting granted next year, and this could be a very meaningful catalyst for Mexican mining projects to get rerated significantly higher once the first one is announced.
Next we pivoted over the catalysts on tap at Silver Tiger, with the imminent PFS on the open-pit portion of the El Tigre Project, which is more gold dominant, coming out in the next couple weeks. There has been a lot of drilling done to move categories from inferred into indicated, as well as metallurgical testing, preliminary engineering work, permitting, and social licensing. The exploration focus will then be shifting over to, once again, drilling down into the deeper underground targets with the high-grade silver veins and high-grade shale that is going to be feeding into the PFS for the underground in the first half of next year. There is going to be a steady stream of newsflow emanating from the Company over the next few months.
If you have any follow up questions for Glenn about Silver Tiger, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Silver Tiger Metals at the time of this recording.
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