Silver Mountain’s Reliquias Project Shows Strong Potential

Silver Mountain Resources, Inc. Class A (TSE:AGMR) has released an update.

Silver Mountain Resources Inc. has announced a promising Preliminary Economic Assessment for its Reliquias Project in Peru, with a pre-tax NPV of C$107 million and an impressive pre-tax IRR of 57%. The project is expected to have a rapid payback period of 1.8 years with construction taking just 10 months, leveraging existing infrastructure for a reduced initial CAPEX of US$24.8 million. The company is poised to become a significant silver producer in the region, with substantial exploration potential promising further resource expansion.

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