Silver Tiger Metals Inc.

Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years’ experience discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger.

Silver Tiger commenced work on its El Tigre Project in 2017. El Tigre intends to build an open pit and underground mine. Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with 119,000 meters completed since 2020. Silver Tiger has completed several MREs, a maiden MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit was released in November 2023.

The October 2024 PFS for the El Tigre open pit delivered robust economics. The PFS projects an After-Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of 2.0 years. This open pit operation is expected to have a 10-year mine life. The El Tigre project delivers a life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs of $86.8 million (including $9.3 million in contingency). Operating cash costs are projected at $973/oz AuEq and $12/oz AgEq, with AISC at $1,214/oz AuEq and $14/oz AgEq. The economics of the Project have been evaluated based on a discounted $26/oz silver price and gold price of $2,150/oz.

Silver Tiger is now drilling from underground drill pads, focusing on the high-grade silver Veins, Sulphide and Shale Zones. A PEA for the permitted underground mineral resource is expected to be released in the first half of 2025.

Cash: CAD18M
Debt: /

Major shareholders:
Franklin Advisers – 9.8%
ASA Gold & Precious Metals – 4.0%
Van Eck Associates – 1.8%
Power Corp. of Canada – 1.0%
Mackenzie Financial Corp. – 0.63%
Management ownership – 8%

 

Management Profile

Devin Devarennes – VP Business Development & Investor Relations (B.Eng., BCom.)

Devin is a Mining Engineer with over 15 years of corporate experience. He has been with Silver Tiger Metals since 2020, previously serving as GM Mexico Operations. Experienced in project management & development, exploration, logistics, and budgeting & planning. Previously, Devin held several senior level corporate roles with MolsonCoors Canada for 12 years. These roles included Planning & Execution Manager, Channel Marketing Manager, and Sales Manager. Expertise in budget management, strategic marketing, and annual business plans while establishing and maintaining relationships with key strategic partners. He holds a Bachelor of Engineering Degree (Honours with Distinction) in Mining & Mineral Resource from Dalhousie University in Halifax, Nova Scotia and a Bachelor of Commerce Degree from Mount Allison University in Sackville, New Brunswick. Devin is an active member of the Institute of Corporate Directors, Association of Mine Engineers Mexico, and Canadian Institute of Mining.

What is your rationale for taking part in 121 Mining Investment?

Investor awareness and partner with investors and precious metals refiners to produce gold and silver for the Dubai market.

What recent news would you like to highlight to investors attending?

22 October – SILVER TIGER ANNOUNCES PFS FOR THE STOCKWORK ZONE OF THE EL TIGRE SILVER-GOLD PROJECT, SONORA, MEXICO

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Continue drilling the high-grade Veins, Sulphide Zone and Shale Zone from underground drill pads;

Deliver a Preliminary Ecomomic Assessment (“PEA”) for the permitted underground resource during H1-2025;

Negotiations and due diligence are underway with lenders to secure project financing for the open pit portion of the Project; and

Make a construction decision upon receipt for the open pit permit.

6 Months:

Construction open pit

12 Months:

12 – 18 months production open pit.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Commodity price – find good low cost projects and be able to advance projects to cash flow to fund exploration.

What do you think makes your company such a compelling investment?

Highly skilled technical team

What are the top 3 key investor takeaways?

Emerging large gold and silver producer. Experience management team that have built large gold and silver mines in Mexico for 27 years.