trending Market Intelligence /marketintelligence/en/news-insights/trending/X-KI8rYBvNCWwem6f5WHQA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Silver Bear: Updated FS for Mangazeisky pegs posttax NPV of US$123M

COVID-19 Mining Impacts — Mining Projects With At-Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020


Silver Bear: Updated FS for Mangazeisky pegs posttax NPV of US$123M

An updated feasibility study for Silver Bear Resources Inc.'s Vertikalny deposit at its preproduction-stage Mangazeisky silver property in the Republic of Sakha, Russia, defined a posttax net present value of US$123.1 million, using a 5% discount rate, with an internal rate of return of 81.9%, the company said Oct. 4.

Initial CapEx increased slightly to US$49.9 million from US$48.6 million, while total cash costs decreased slightly to US$10.98 per ounce from US$11.32 per ounce of silver previously.

The 1.3-year payback period remains unchanged.

At full production, the operation will process 110,000 tonnes of ore per year, producing 18.9 million ounces of silver over a 7.3-year mine life, or about 2.5 million ounces per year.

Silver Bear President and CEO Graham Hill noted that the updated feasibility study indicates the company will be able to realize the increased value in the recently updated Vertikalny resource estimate while highlighting the project's "extremely robust economics."

"The better defined and even higher grade ore zones have allowed us to refine the open pit and underground designs to maximize operating cash flow, particularly in the first half of the mine life," Hill said in the statement.

The company is on track to start steady state production in the first quarter of 2017 with commissioning targeted to begin by the end of 2016.