Silver Tiger El Tigre Construction Update
Approximately US$120 million in cash is on hand against US$100 million remaining to complete construction.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Silver Tiger Metals (SLVTF) says El Tigre construction remains on schedule for commissioning and first pour in December 2027. The silver and gold project is located in Sonora, Mexico.
Approximately US$24 million has been spent and US$72 million committed against projected capital expenditure of US$124 million. Construction requires another US$100 million, while cash on hand is approximately US$120 million.
Detailed engineering is 70% complete, and procurement of long-lead equipment is complete. Land clearing and improvements to the 46 km access road are finished. The permanent camp is 72% complete, with the contractor camp operational. Heap-leach, pond and process-plant platforms are 14% complete; crusher and ancillary-building platforms are 23% complete. The on-site engineering and construction team totals 285 people, with 300,000 work hours logged since construction began.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.El Tigre commissioning and first pour remain targeted for December 2027, with construction on schedule.
- Moderate pointCash on hand totals approximately US$120 million to support construction.
- Minor pointLong-lead procurement is complete, including crushing, conveying, stacking, processing and refinery equipment.
- Minor pointDetailed engineering is 70% complete and proceeding on schedule.
- Minor pointLand clearing and flora/fauna management are complete across the construction area.
5 minor points
- Minor pointAccess-road improvements covering 46 km are 100% complete.
- Minor pointPermanent camp installation is 72% complete; the contractor camp is fully operational.
- Minor pointHeap-leach, pond and process-plant platforms are 14% complete.
- Minor pointCrusher and ancillary-building platforms are 23% complete.
- Minor pointOn-site engineering and construction staffing totals 285 people, with 300,000 work hours logged since construction began.
Negative
- Moderate point. Forward-looking: it has not happened yet and may not happen.Projected construction expenditure is US$124 million: approximately US$24 million spent, US$72 million committed and US$100 million remaining to spend.
- Minor point. Forward-looking: it has not happened yet and may not happen.Civil-works and structural-steel contractor selection depends on completing equipment engineering, which is underway.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HALIFAX, NS / ACCESS Newswire / October 20, 2026 / Silver Tiger Metals Inc. (TSX:SLVR)(OTCQX:SLVTF) ("Silver Tiger" or the "Corporation") is pleased to provide a construction update for the El Tigre Stockwork Project (the "Project" or "El Tigre") located in Sonora, Mexico. Construction commencement was announced in the first quarter of 2026 and is progressing on schedule for first pour in the fourth quarter of 2027.
Glenn Jessome, President and CEO stated, "El Tigre is quickly taking shape, and we could not be more pleased with the momentum on site. We have a 285-person Mexican engineering and construction team on the ground, a seasoned mine construction leadership team in place and a very experienced EPCM partner. Every long-lead item for the plant is already secured. Engineering is on schedule, earthworks are well underway and our camps are operational" Mr. Jessome further stated, "With US
Commissioning and First Pour
We are pleased to advise that the Silver Tiger Stockwork Project remains on schedule for commissioning and first pour in December 2027.
El Tigre Construction Progress
Area | Status | Progress to Date |
| Site Works | Ongoing | Mexican engineering and construction team is on site with a total of 285 persons and 300,000 man-hours logged since the start of construction. |
| Company Personnel | In Place | Hired an experienced mine construction executive team to work with KCA and KCN. |
| Detailed Engineering | Detailed engineering by KCA and KCN pursuant to the EPCM contract for the Project is proceeding on schedule, with | |
| Clearing | Complete | Land clearing and flora/fauna management for the total construction area is complete. |
| Camps | Installation of the permanent man camp is | |
| Road | Complete | Improvements to the 46 km road from Colonia Morelos to El Tigre are |
| Long-Lead Procurement | Complete | Procurement of long-lead items is complete, including the crusher plant, conveyor and stacking system, and the Merrill-Crowe plant and refinery. |
| Earthworks | In Progress | All major earthworks contractors have been mobilized to site. Heap leach, ponds and process plant platforms are |
| Concrete/Civil | Engineering Underway | With equipment ordered and purchase orders assigned, work has begun with vendors to finalize engineering details for the crushing plant and Merrill-Crowe processing plant equipment. Selection of contractors for civil works and structural steel erection will follow completion of this engineering phase. |
Silver Tiger Capex and Cash Available
To date, the Corporation has spent approximately US
Figure 1 - El Tigre Key Schedule Milestones
Figure 2 - El Tigre Detailed Engineering
Photo 1: Leach pad and mine facilities area with earthworks in progress
Photo 2: Construction of the operations camp in progress
Photo 3: Earthworks of the waste dump in progress
Photo 4: Ponds earthworks in progress.
Silver Tiger October and November Mining Conference Attendance
Silver Tiger's conference marketing attendance in October and November is as follows:
- The Ignite Investment Summit Hong Kong on October 13 and 14, 2026
- Nordic Funds and Mines 2026 in Stockholm on October 15 and 16, 2026
- Hidden Gem Conference in New York on October 19 and 20, 2026
- Canaccord Genuity 2nd Annual Silver Conference in New York on October 20, 2026
- New Orleans Investment Conference from October 28 to 31, 2026
- Munich Mining Conference on November 6 and 7, 2026
- 121 Mining Investment London on November 23 and 24, 2026
About Silver Tiger Metals Inc.
Silver Tiger is constructing the El Tigre Stockwork Zone Project, a silver and gold heap leach project located in Sonora, Mexico. The project is
Silver Tiger has entered into an Engineering Procurement and Construction Management Contract ("EPCM") with Kappes, Cassiday & Associates ("KCA") and Kappes, Cassiday del Norte S de RL de CV ("KCN") to assist in the construction of the mine and process plant at El Tigre. The Company has also now hired its own experienced mine construction executive team to work with KCA and KCN.
Commissioning and first pour are targeted for December, 2027. The Board of Directors of the Company have approved the construction decision for El Tigre.
Technical information contained in this news release with respect to Silver Tiger has been reviewed and approved by Mr. Robert Harris, P.Eng., a qualified person as defined by National Instrument 43-101.
VRIFY Slide Deck and 3D Presentation - Silver Tiger's El Tigre Project
VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps. The VRIFY Slide Deck and 3D Presentation for Silver Tiger Metals Inc. can be viewed on the Corporation's website at: www.silvertigermetals.com.
For further information, please contact:
Devin Devarennes
VP Corporate Development & Investor Relations
902 233 3656
devin@silvertigermetals.com
CAUTIONARY STATEMENT:
CAUTIONARY STATEMENT: This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the El Tigre Project, future operating margins, future production and processing, and future plans and objectives of Silver Tiger constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of Silver Tiger and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the El Tigre Project. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information. Important factors that could cause actual results to differ materially from Silver Tiger expectations include exploration and development risks associated with the Silver Tiger projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to Silver Tiger reference should be made to Silver Tiger continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, Silver Tiger Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.
SOURCE: Silver Tiger Metals Inc.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When does Silver Tiger expect El Tigre commissioning and first pour?
Silver Tiger targets December 2027 for commissioning and first pour at El Tigre. Construction remains on schedule, with detailed engineering 70% complete and long-lead equipment procurement complete.
How much cash does Silver Tiger have to finish El Tigre construction?
Silver Tiger has approximately US$120 million in cash, compared with US$100 million remaining to complete construction. Projected capital expenditure totals US$124 million, with approximately US$24 million spent and US$72 million committed.
What must happen before Silver Tiger selects El Tigre civil-works contractors?
Selection of civil-works and structural-steel erection contractors will follow completion of the equipment engineering phase. Equipment has been ordered and purchase orders assigned, and work with vendors has begun to finalize engineering details for the crushing plant and Merrill-Crowe processing equipment.