Wildcat Silver (TSX:WS) announced an update to the results of it’s NI 43-101 compliant Preliminary Economic Assessment for the 80%-owned Hermosa project in Arizona.

Highlights from the update include:

Highlights from the Hermosa PEA include:

• Average annual silver production of 15.5 million ounces (first five years), with years one and two producing 23.4 million ounces and 19.8 million ounces, respectively.
• Mine life of 16 years
• Base case* – After-tax NPV (5%) of $658 million, after-tax IRR of 31.9%, and payback of 1.7 years
• Spot case* – After-tax NPV (5%) of $1.05 billion, after-tax IRR of 43.4% and payback of 1.4  years
• Average cash costs of $8.29 per ounce, net of gold and minor copper by-product credits (first five years)
• Average throughput of 14,920 tonnes per day (tpd), or 5.44 million tonnes per annum (tpa)
• Initial capital expenditures of $627 million (includes 25% contingency of $96 million)

Click here to view the full press release.