Power supply to the Mexican project is not “at a steady state”, but it should improve in Q4, when the miner expects to begin sales.

Fresnillo and Mag Silver had agreed in April 2019 to develop the Juanicipio deposit, but the pandemic and logistical setbacks delayed the project.

The feasibility study forecasts an after-tax net present value of over $1 billion and internal rate of return of 50.2% .

The plan for Silver Mountain is to restart production at Reliquias - an underground mine with potential mineral resources distributed over 10 veins.

Silver miners are faring way-better fundamentally than their radically-oversold stock prices suggest.