In this interview, Glenn Jessome, CEO of Silver Tiger Metals (TSXV SLVR / WKN A2P4YL), reviews 2025 and provides an outlook for 2026 – with a clear focus on the El Tigre silver-gold project in Sonora, Mexico.
In November 2025, the company received all necessary permits from the Mexican environmental authority (SEMARNAT) to begin construction of the open-pit project. This represents the first new open-pit mining permit in Mexico in several years and marks a significant milestone for the project’s development.
Jessome explains that the team has already started construction, supported by extensive preliminary work such as engineering, road construction, and infrastructure, which were initiated prior to approval. In addition, a Preliminary Economic Assessment (PEA) for the underground portion of the project is imminent – planned for January 2026.
He emphasizes the solid financing: With capital already secured covering a large portion of the estimated construction costs (approximately USD 86 million), Silver Tiger has flexibility in raising further funds while advancing underground development and regional exploration.
In the coming year, the company plans to rapidly advance the construction of the open-pit mine, publish the PEA for the underground mine, and expand exploration along the northern and southern extensions of the project. The goal is to realize value creation through cash flow and production – moving away from speculation towards operational implementation.
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