U.S. Markets open in 2 hrs 21 mins

Silver Bull files preliminary economic assessment technical report on SEDAR

Silver Bull Resources announced further to its news release dated October 1, it has filed its Preliminary Economic Assessment, or PEA, Technical Report titled "Preliminary Economic Assessment NI43-101 Technical Report, Sierra Mojada Silver-Zinc Project, Coahuila, Mexico" on SEDAR. The PEA was prepared by JDS Energy and Mining Inc. ("JDS") of Vancouver, British Columbia on Silver Bull's 100% owned Sierra Mojada Project. All amounts are presented in United States dollars. Highlights from the base case study estimates of $23.50 per silver ounce and 95c per zinc pound include: Pre-tax Net Present Value at a 5% discount rate of $641.1M and an Internal Rate of Return of 26.9%; After-tax NPV at a 5% discount rate of $463.9 million and IRR of 23.1%; After-tax payback of 2.9 years after plant start-up; Pre-production capital cost of $297.2M including a 15% contingency; Sustaining Capital and closure costs of $79.6M over life of mine including a 15% contingency.