Silverco confirms low-cost, rapid payback viable at revamped Cusi mine

TSX-V-listed Silverco Mining has confirmed in a preliminary economic assessment (PEA) of the Cusi mine, in Mexico, that a low-capital restart and production of 2.5-million ounces of silver equivalent are possible.

The mine has an after-tax net present value (NPV) of $104-million and internal rate of return (IRR) of 94% with payback within nine months at base case silver prices of $44.58/oz.