* Readers are cautioned that this assessment is preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that this preliminary economic assessment will be realized. Life of mine (LOM) cash costs consists of mining costs, processing costs, mine site G&A, refining charges, and royalties. AISC includes cash costs plus sustaining capital, closure cost, and salvage value . See cautionary note on non-IFRS measures. Silver price fixed at US$29.51/oz Ag in both cases.
PEA provides strong economic and technical foundation.
Exciting exploration upside potential to grow resources
Work plan in place to de-risk the project toward PFS in 2026.
drilling to commence in October 2025
Planned 2025/26 Drilling
Miraflores Highlights
* Readers are cautioned that this assessment is preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that this preliminary economic assessment will be realized. Life of mine (LOM) cash costs consists of mining costs, processing costs, mine site G&A, refining charges, and royalties. AISC includes cash costs plus sustaining capital, closure cost, and salvage value . See cautionary note on non-IFRS measures. Silver price fixed at US$29.51/oz Ag in both cases.
2025/26 Drilling
Tesorito Highlights
* Readers are cautioned that this assessment is preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that this preliminary economic assessment will be realized. Life of mine (LOM) cash costs consists of mining costs, processing costs, mine site G&A, refining charges, and royalties. AISC includes cash costs plus sustaining capital, closure cost, and salvage value . See cautionary note on non-IFRS measures. Silver price fixed at US$29.51/oz Ag in both cases.
Near-Hub Potential
2025 Planned Work Program
2026 Planned Drill Program
* Readers are cautioned that this assessment is preliminary in nature. It includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that this preliminary economic assessment will be realized. Life of mine (LOM) cash costs consists of mining costs, processing costs, mine site G&A, refining charges, and royalties. AISC includes cash costs plus sustaining capital, closure cost, and salvage value . See cautionary note on non-IFRS measures. Silver price fixed at US$29.51/oz Ag in both cases.
Numerous areas of interest within the Quinchia and Andes project areas for follow up.
