El Tigre — gold & silver project

Silver and gold epithermal vein and stockwork complex comprising the historical El Tigre Mine and surrounding zones. Located approximately 90 km south-southeast of Agua Prieta, Sonora, accessed via dirt road from Esqueda with power planned via a 72 km 34.5 kV line from the national grid. Property consists of 59 Mexican Federal mining concessions totaling 21,832 ha. Acquired in November 2015 through the acquisition of El Tigre Silver Corporation. Oct-2024 PFS outlines a 15,000 tpd open-pit heap leach operation over a 9-year LOM, producing ~408 koz Au and 8.57 Moz Ag, with initial capex of US$86.8M and after-tax NPV5% of US$221.5M at US$2,150/oz Au. Flagship Mexican asset.