Royalties include a 2% Net Smelter Return (“NSR”) to certain landholders and a 1% NSR payment to the Mexican government for mining duty taxes. The two landholder royalties are assumed to be bought out ...
Note: All currencies are reported in U.S. dollars. Base case parameters assume $3,500/oz gold and $48/oz silver. (1) Cash operating costs include mining, crushing, processing, assaying, administration ...
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