Discovery says Cordero PFS delivered 'excellent' project economics with after-tax NPV of $1.2B

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(Kitco News) - On Tuesday, Discovery Silver (TSX-V: DSV) announced results from its preliminary feasibility study ("PFS") on its 100%-owned Cordero silver project located in Chihuahua State, Mexico.

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% (Ag - $22.00/oz, Au - $1,600/oz, Pb - $1.00/lb and Zn - $1.20/lb).

Annual production over the life-of-mine is expected to average 33 Moz AgEq. In Years 5 Year 12 production averages 40 Moz AgEq with peak production in Year 11 of 52 Moz AgEq.