Discovery says Cordero PFS delivered 'excellent' project economics with after-tax NPV of $1.2B Discovery
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The company said that the study showed"excellent" project economics, with a base case after-tax NPV5% of US$1.2 billion and IRR of 28% . "These production levels position Cordero as one of the largest primary silver mines globally," the company said in a statement. CEO Tony Makuch stated,"We are extremely pleased with the results from our pre-feasibility study. The PFS positions Cordero uniquely in the silver developer space with a long mine life of 18 years and production averaging over 35 Moz AgEq in the first 12 years of the mine life. This represents an approximate 40% increase in total ounces produced compared to our 2021 PEA.
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