In this interview, Glenn Jessome, President and CEO of Silver Tiger Metals Inc. (TSXV: SLVR), provides insights into the changing political landscape in Mexico and his company’s significant progress at the El Tigre project.
Jessome begins by discussing Mexico’s new president Claudia Sheinbaum and her administration’s positive impact on mining investment in the country. This improving regulatory environment could benefit companies operating in Mexico, including Silver Tiger.
The conversation focuses on Silver Tiger’s recently announced pre-feasibility study for El Tigre, which demonstrates robust economics with an NPV of $222M (at $26/oz silver). The project requires modest capex of $86M with a quick payback period of 1.6 years at current prices.
Jessome outlines the company’s dual-track development strategy, advancing both open pit and underground operations. He highlights their targeted production of 5 million silver equivalent ounces annually from the open pit operation alone, positioning Silver Tiger as a potentially significant silver producer in the region.
He also discusses upcoming catalysts, including underground drilling results, and provides context around recent major silver company acquisitions in Mexico.
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