Welcome to our dedicated page for Southern Silver news (Ticker: SSVFF), a resource for investors and traders seeking the latest updates and insights on Southern Silver stock.
Southern Silver Exploration Corp. (SSVFF) drives innovation in high-grade silver, lead, and zinc exploration through strategic project development in mining-friendly jurisdictions. This dedicated news hub provides investors and industry observers with essential updates on operational milestones, technical assessments, and corporate developments.
Access authoritative reporting on SSVFF's flagship Cerro Las Minitas project, Preliminary Economic Assessments (PEA), and exploration partnerships. Our curated collection features press releases detailing resource estimations, drilling results, and operational strategies aligned with NI 43-101 technical standards.
Key updates include project feasibility studies, leadership announcements, and strategic initiatives in mineral-rich regions. Bookmark this page for streamlined access to SSVFF's evolving operational narrative and technical disclosures that shape investment perspectives in the mining sector.
Southern Silver Exploration Corp. (TSXV: SSVFF) has filed its NI 43-101 Technical Report for the updated Preliminary Economic Assessment (PEA) of its Cerro Las Minitas Project in Durango, Mexico. The PEA highlights include:
- After-tax NPV5% of $501M (C$682M) and IRR of 21.2% with a 48-month payback
- 17-year mine life with annual average plant feed of 14.3 Mozs AgEq
- LOM product sales of 194.3Mozs AgEq at an AISC of $13.23/oz AgEq sold
- Gross revenues totaling $4.47B
- Initial CapEx of $388M
The updated PEA shows significant improvements over the previous assessment, including increased production, extended mine life, and higher revenues. The company plans to initiate a 6000m drilling program in September as part of a larger 25,000-metre exploration program.
Southern Silver announced an updated Preliminary Economic Assessment (PEA) for its Cerro Las Minitas project, highlighting a robust after-tax NPV5% of $501M and an IRR of 21.2%, with a payback period of 48 months. Increased metal prices could boost NPV5% to $876M and IRR to 30.1%.
The project spans a 17-year mine life with annual plant feed averaging 14.3 Moz AgEq, leading to gross revenues of $4.47B. Initial CapEx is estimated at $388M. The mine is located in southeast Durango, Mexico, a favorable mining jurisdiction.
Compared to the 2022 model, production, capacity, and revenue have increased by 20%, 18%, and 17% respectively. The project sees improved mine life, production schedules, and cost optimizations. The mine will use a longhole stoping method and conventional sulphide flotation for processing.
PEA assumes base metal prices of Ag $23/oz, Au $1850/oz, Cu $4.00/lb, Pb $1.00/lb, and Zn $1.25/lb. The study is preliminary, with potential risks from mining, environmental, and financial factors.
Southern Silver Exploration Corp. (OCTQX-SSVFF), based in Vancouver, BC, will present live at VirtualInvestorConferences.com on December 9, 2021, at 3:00 PM ET. Rob Macdonald, VP Exploration, will lead the session, allowing real-time questions from investors. The company, focusing on the Cerro Las Minitas Ag-Zn-Pb-Au project in Durango, Mexico, highlights recent achievements, including full ownership of the project and significant resource estimates (116Moz Ag, 1.9Blbs Zn). A 10,000m drill program is underway, targeting a PEA by Q2 2022.
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