Silver Tiger Metals – A Sentiment Shift In Precious Metals, More Mining Permits Have Been Issued In Mexico, And Deeper Drilling At El Tigre Building Towards An Underground Mining PEA
Glenn Jessome, President and CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF), joins me to discuss the positive shift in sentiment from precious metals investors in January, as gold breaks out to new all-time highs today, and silver breaks above $32. This is a big boon to the margins of producers, and the metals sensitivities and economics of development-stage projects. We also review the additional mining permits that have been issued in Mexico this month, which is helping valuations in Mexican mining stocks. Lastly we look ahead to all the underground exploration and development work initiatives building towards a Preliminary Economic Study on the underground mining phase, at the El Tigre Silver-Gold Project in Mexico.
We’ve touched in the recent past on the political change in administrations in Mexico that took over in October of last year, and now Glenn outlines some of the recent permits issued in amendments to Grupo de Mexico and the underground permits for Alamos Gold at their Mulatos Mine. Now that permits have started getting granted in Mexico, he feels it is just a matter of time before the first open-pit permits start getting issued in the first half of 2025. Glenn points out that this permitting visibility will be a very meaningful catalyst for Mexican mining projects across the board to get rerated significantly higher. Additionally, we discuss that banks and institutional analysts are now taking notice and issuing updates and upgrades to mining stocks operating in Mexico.
Wrapping up, we quickly review the importance of getting their upcoming permit for their updated Pre-Feasibility Study (PFS) on the open-pit phase of the Project, that was released to the market in 2024, and that the focus now is the ongoing deeper drilling, from underground, that commenced at the end of last year and will be continuing into the first half of this year. This underground drilling will be testing the high-grade silver veins, sulphide zones, and shale areas, continuing to mass up underground resources, and then will be fed into the Preliminary Economic Assessment (PEA) out on the underground mining second phase out in the first half of 2025. There is going to be a steady stream of newsflow emanating from the Company over the next few months with regards to both exploration and development.
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 Metals at the time of this recording, and may choose to buy or sell shares at any time.
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