Silver Tiger Awards Engineering Procurement and Construction Management Contract and Provides Construction Update
Silver Tiger transitions from explorer to builder as it locks in EPC contract and eyes 2027 production.
The most recent news (March 18, 2026) announces that Silver Tiger has awarded the Engineering Procurement and Construction Management (EPCM) contract to Kappes, Cassidy & Associates (KCA) for the El Tigre Stockwork Zone Project. Key operational updates include: - Target for first gold/silver pour is December 2027. - Basic engineering is 90% complete; heap leach and waste dump engineering is 100% complete. - Land clearing and flora/fauna rescue have commenced. - The company reports a robust cash position of approximately C$120 million (US$86M). - Negotiations for a flexible, non-dilutive debt financing package are in advanced stages.
The news is Routine - Positive. While the appointment of an EPCM contractor and the commencement of land clearing are critical steps toward production, they are the expected progression following the "Game Changer" PEA/PFS results released in January 2026. - De-risking: Hiring KCA (a well-known specialist in heap leach projects) reduces execution risk. - Timeline Clarity: Establishing a December 2027 first pour date provides a concrete benchmark for investors, though it is nearly two years away. - Financial Strength: The confirmation of C$120M in cash (following the February $57.5M bought deal) suggests the company is fully funded for near-term construction activities, reducing the immediate threat of further dilution. - Validation: The move from "exploration" to "construction" is a significant psychological shift for the stock's valuation profile.
Silver Tiger Metals is focused on the 100%-owned El Tigre Historic Mine District in Sonora, Mexico. The project covers 28,414 hectares. - Flagship: El Tigre Project. - Combined Economics: The January 2026 studies show an After-Tax NPV (5%) of US$456M for the Stockwork Zone (PFS) and US$304M for the Underground (PEA). - Production Profile: Targeted average annual production of 4.8M oz AgEq (PFS) and 2.3M oz AgEq (PEA).