Results suggest potential for increased production at lower operating costs starting in 2023.

Despite being often referred to as “poor man’s gold”, silver has actually outperformed gold in five of the six previous bull markets for gold and silver.

The proposed mine has estimated resources of 1.4 moz gold and 8.9 moz silver.

The San Cristóbal mine had previously suspended operations in March before resuming production in May.

The ETF business has greatly benefited from the 2020 gold fever, with gold holdings now exceeding every central bank except the Federal Reserve.

Shares of miner plunged 47% on Monday.

The Canadian miner reports that its Mercedes operation in Mexico is generating positive cash flow under a revised production plan.

The latest study suggests a 10,000-tonne-per-day, 12 year open-pit operation at the project in northwestern Alaska’s Ambler mining district.