Discovery Silver Reports NPV Of US$1.2 Billion For Cordero

Discovery Silver (TSXV: DSV) this morning reported a preliminary economic assessment for its Cordero Silver Project, which is found in the Chihuahua State of Mexico. The project is said to have an after-tax net present value of US$1.2 billion.

The projected NPV is based on a 5% discount, with a bae case of $22.00 per ounce silver, and $1,600 per ounce gold. The IRR of the project is estimated at 38% based on the base case scenario. That NPV is expected to climb to $1.9 billion if silver were to climb to $27.50, and gold to $1,880, representing an IRR of 55%.

The projections are based on a large scale mine, with a mine life of 16 years. Annual production is slated for 26 million ounces of silver equivalent, with an AISC of $12.35 per ounce of silver equivalent. Payback meanwhile is estimated at 2.0 years for the base case, with initial CAPEX of $368 million.

Mine life has the potential to be expanded as well, with over 300 Mt of sulphide resources not included in the design pit, but are found within the resource pit shell. The project has a whole currently has a sulphide resource of 837 million ounces of silver equivalent on a measured and indicated basis at an average grade of 46 g/t, as well as an inferred resource of 119 million ounces of silver equivalent at 34 g/t.

An additional oxide resource of 74 million ounces of silver equivalent at 23 g/t on a measured and indicated basis, as well as 22 million ounces at a grade of 18 g/t on an inferred basis exists for the property.

A prefeasibility study is slated to be completed on the project in 2022, with the company viewing the project as a Tier 1 silver asset.

Discovery Silver last traded at $1.81 on the TSX Venture.


Information for this briefing was found via Sedar and Discovery Silver. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

NorZinc Reports $1.7 Million Loss For Q1

NorZinc Ltd. (TSX: NZC) announced yesterday evening its Q1 2021 financial results. The results included...

Friday, May 14, 2021, 08:31:47 AM

Max Resource Assays 34.4% Copper, 305 G/T Silver Over 0.5 Metres of Continuous Outcrop At Cesar Project

Max Resource Corp (TSXV: MXR) this morning released new outcrop values from its wholly-owned Cesar...

Wednesday, July 29, 2020, 08:41:04 AM

SilverCrest Metals Acquires Property Near Las Chispas Project

SilverCrest Metals (TSX: SIL) this morning announced the purchase of its latest project, referred to...

Thursday, August 27, 2020, 09:35:44 AM

Vizsla Silver Board Gives OK For Vizsla Copper Corp Spinout

Vizsla Silver Corp. (TSXV: VZLA) announced this morning that its board has approved the spinout...

Tuesday, April 20, 2021, 08:11:12 AM

They Laughed at $3,000 Gold, Now We’re Headed for $4,000! | Sean Roosen – Osisko Development Corp.

In this conversation, Sean Roosen, CEO of Osisko Development Corp. (TSXV: ODV), talks about gold’s...

Sunday, July 20, 2025, 03:41:00 PM