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Xtierra ( (TSE:RI) ) has shared an announcement.
Royalties Inc. has engaged SLR Consulting to update the economic analysis of its Bilbao silver-zinc-lead-copper project in Mexico, recalibrating the 2014 preliminary economic assessment with current, substantially higher metal prices and examining new processing options for the deposit’s iron-rich oxide cap. The review, expected within a month, will assess how tripled silver prices and improved zinc pricing could enhance project economics, potentially double annual revenue, add tonnage by incorporating previously excluded oxide material, and sharpen the project’s focus on high-grade silver, while additional targets identified around the main deposit may offer further upside for shareholders and strengthen the company’s position in the polymetallic mining space.
More about Xtierra
Royalties Inc. is a Toronto-based resources company focused on royalty and project interests in the mining and music sectors. It owns 100% of the Bilbao silver-zinc-lead-copper project in Zacatecas, Mexico, subject to a 1.5% NSR, and holds an 88% stake in Minera Portree de Zacatecas, which asserts a 2% NSR claim over portions of Capstone Copper’s Cozamin mine. Beyond mining, Royalties Inc. also owns a 5% interest in Music Royalties Inc., which generates recurring dividend income from a portfolio of cash-flowing music catalogs.
Average Trading Volume: 127,950
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$21.64M
See more insights into RI stock on TipRanks’ Stock Analysis page.