About Discovery Silver
Discovery’s flagship project is its 100%-owned Cordero silver project, one of the world’s largest silver deposits. Cordero has the potential to be developed into a highly capital efficient mine that offers the rare combination of large-scale production, low costs and a long mine life. Cordero is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico.
Discovery released a Feasibility Study on Cordero in February 2024. Highlights from this study include:
- Large-scale, long-life production: 19-year mine life with average annual production of 37 Moz AgEq in Year 1 to Year 12.
- Low costs, high margins: average AISC of less than $12.50 over the first eight years of the mine life placing Cordero in the bottom half of the cost curve.
- Low capital intensity: initial development capex of $606 million resulting in an attractive after-tax NPV-to-capex ratio of 2.0.
- Attractive project economics: Base Case after-tax NPV5% of $1.2 billion and IRR of 22% with NPV expanding to $2.2 billion in Year 4.
- Tier 1 reserve base: Reserves of Ag – 302 Moz, Au – 840 koz, Pb – 3.0 Blb and Zn – 5.2 Blb, positioning Cordero as one of the largest undeveloped silver deposits globally.
- Clear upside potential: 240Mt of Measured & Indicated Resource sit outside the FS pit highlighting the potential to materially extend the mine life at modestly higher silver prices.
- Substantial socio-economic contribution: an initial investment of over $600 million, 2,500 jobs created during construction, $4 billion of goods and services purchased and estimated tax contributions of over $1.4 billion within Mexico.
- Industry-leading environmental standards: third-party reviews of proposed environmental practices to ensure adherence to both Mexican regulatory standards and Eq
To learn more about Discovery Silver, go to https://discoverysilver.com/
To learn more about the activity in Mexico and to view the digital map, go to https://digigeodata.com/area/mexico/