Kootenay Silver Files NI 43-101 Technical Report Supporting Positive PEA for the La Cigarra Silver Project
Kootenay’s NI 43-101 filing validates its prior preliminary economic assessment as the stock drifts lower amid macroeconomic pressures.
Kootenay Silver Inc. filed an independent NI 43-101 Technical Report on August 7, 2026, supporting the Preliminary Economic Assessment (PEA) for its 100%-owned La Cigarra Silver Project in Chihuahua, Mexico. The technical report, effective January 15, 2026, confirms the economic parameters previously announced on June 15, 2026, with no material differences.
The PEA outlines a 14-year open-pit mine life, $763 million after-tax NPV (5% discount rate at consensus prices), 41% after-tax IRR, and a rapid 1.9-year after-tax payback period. The project features a 9-kilometer mineralized trend with significant exploration upside, excellent infrastructure, and an experienced local workforce. Management views the filing as a validation of the technical work and a milestone toward advancing the project toward permitting and feasibility engineering.
Kootenay Silver Inc. (KTN) filed a procedural, administrative document following its June 15, 2026 Preliminary Economic Assessment (PEA) announcement. The filing does not introduce new economic parameters, revised resource estimates, or changed development timelines.
The market has already digested the PEA data. The stock has declined approximately 50% from its January 2026 peak of ~$2.55 to the current ~$1.26 level, indicating that the positive economics were either fully priced in or overshadowed by broader junior mining sector weakness and jurisdictional concerns.
Kootenay Silver Inc. is an exploration and early-stage development company focused on silver, with by-products including gold, lead, and zinc. Its flagship asset is the La Cigarra Silver Project, located in the historic Parral Silver District of Chihuahua, Mexico. The project holds a 14-year Preliminary Economic Assessment (PEA) featuring strong economics and a 9-km mineralized trend.
The company also holds other assets, including the Columba high-grade epithermal vein system, which contains a 54.1 moz inferred resource, and the Promontorio-La Negra Mineral Belt. All projects hold Mineral Resource Estimates only; no Mineral Reserves have been defined, and the company is in the exploration and pre-feasibility phase.