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Americas Silver Corp.
Summary
| Project: | Cosala Operations | |
|---|---|---|
| Deposit: | El Cajon, Zone 120 | |
| Location: | Mexico | |
| Commodities: | Silver-Copper-Lead-Zinc | |
| Date: | 4/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-4-2019: Americas Silver Corp. announces a Pre-Feasibility Study report for its El Cajon, Zone 120 deposit at the Cosala Operations project. PFS results incl. post-tax NPV of US $33M, IRR of 47%, updated ore reserve at the project. TORONTO, ONTARIO—Apri | |
| Resources: | (Reserve, Prob.): 2.877Mt @ 157g/t Ag, 0.42% Cu at Zone 120 and El Cajon | |
| CP/QP: | [Overall Report]: Shawn Wilson (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO—April 3, 2019—Americas Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas Silver” or the “Company”) is pleased to announce the results of a Preliminary Feasibility Study (“PFS”, “Study”) and initial mineral reserve estimate prepared internally by Company personnel for a combined operation at its 100% owned El Cajón and Zone 120 silver‐copper deposits (“EC120”, “Project”) located near Cosalá, Sinaloa, Mexico. The base case economics for the EC120 Project are presented at long term consensus prices of $17.50 per ounce silver and $3.00 per pound copper, with all amounts expressed in US dollars. “The EC120 Project is a significant addition to our precious metals growth pipeline,” said Darren Blasutti, President & CEO of Americas Silver. “Having a 2.5 million ounce per year silver project ready for immediate development fits into our strategy of preparing for the inevitable positive correction in the silver price. It provides a solid five‐year production base as we continue to further explore the El Cajón and Zone 120 deposits and our other silver‐rich exploration target areas in Cosalá later in 2019.” The Study considers two underground operations with concurrent production from the adjacent El Cajón and Zone 120 deposits. Following an 18‐month pre‐production period, the combined operation will target a production rate of 1,800 tonnes per day. Overhand mechanized cut‐and‐fill will be the mining method utilized at both mines. The Project will take advantage of existing infrastructure and equipment currently in use at the producing San Rafael mine and existing development at the El Cajón deposit. | |
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