Glenn Jessome, President & CEO of Silver Tiger Metals (TSX.V:SLVR) (OTCQX:SLVTF), joins us for an overall development update and to highlight a key Company milestone. The press release March 18th stated that the Board of Directors of Silver Tiger Metals has approved the construction decision of the surface mine; with commissioning and first pour targeted for December, 2027; at the El Tigre Silver-Gold Project in Sonora, Mexico. We review the work already completed, the work yet to come, and the drill program around the historic North Tigre Mine that is about to commence next month.
We started off with a brief reminder on why the Company elected to take the recent financing, which closed on February 18th, in lieu of a much larger debt package with restrictive covenants. That appears to have been the right decision to bolster its strong financial position, especially in light of the market volatility that we’ve seen across the whole precious metals complex since then.
- Silver Tiger has over US$86 million (or ~C$120 million) cash to execute on the immediate development initiatives.
- The Company is also nearing completion of a debt financing package, with term sheets advanced and negotiations narrowed to select providers to provide flexible, non-dilutive capital options to support combined surface and underground development at El Tigre.
Silver Tiger just announced that it has entered into an Engineering Procurement and Construction Management Contract (“EPCM”) with Kappes, Cassidy & Associates (“KCA”) and Kappes, Cassiday del Norte S de RL de CV (“KCN”) to assist in the construction of the mine and process plant at El Tigre. The Company has also now hired its own experienced mine construction executive team to work with KCA and KCN.
Significant development progress has already been made to date including:
- Basic engineering for the Mine has been prepared by KCA and is 90% complete
- Engineering for the heap leach and waste dump for the Mine has been completed by WSP
- Land clearing for the Mine construction area has commenced, including flora and fauna rescue
- The personnel camp for the Mine and the construction offices have been designed and are currently in a bid process
- Engineering for improvements to the 46 km road from Colonia Morelos to El Tigre, which was built by the Corporation in 2023 and 2024, is complete and the contract to carry out the road improvements is currently in a bid process
The Company is nearing completion of its ongoing metallurgical and geotechnical drilling program in the Stockwork Zone, with this program expected to wrap up within the next 30 days. Upon completion, the Company will immediately transition to exploration drilling targeting the high-potential vein systems north of the main El Tigre area, near the historic North Tigre Mine. This priority zone aligns directly with the El Tigre North Mine Design outlined in Section 24 of the Company’s recently filed Preliminary Economic Assessment (PEA dated January 20, 2026).
If you have any follow up questions for Glenn regarding Silver Tiger Metals, then please email them into me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Silver Tiger Metals at the time of this recording, and may choose to buy or sell shares at any time.
Click here to follow the latest news from Silver Tiger Metals
For more market commentary & interview summaries, subscribe to our Substacks:
The KE Report: https://kereport.substack.com/
Shad’s resource market commentary: https://excelsiorprosperity.substack.com/
Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.