The Pitarrilla project, 160 km north of the city of Durango, has measured and indicated resources of 164.7 million tonnes grading 99.1 grams silver per tonne.

The project is expected to produce over 1 million gold-equivalent oz. over a 10.4-year mine life, mining 37.8 million tonnes of mineralized material.

The Zacatecas Silver property is located within the Fresnillo Silver Belt, which has produced over 6.2 billion ounces of silver.

"This is one of the longest, highest-grade silver intercepts seen globally in a long time," Filo's CEO says. .

Annual silver production exceeded guidance by 3%, while gold production was in line with the upper range of guidance.

The 61 zone’s drill highlights included 0.50 metres grading 2571.53 grams silver per tonne and 0.01% cobalt.