Raised silver output hikes up Minefinders Q4 profit

The funds will go towards the construction of a hydroelectric transmission line, an on-site substation and electrical vehicle charging infrastructure.

Once restarted, the Reliquias project would deliver approximately 2.2 million oz. of silver-equivalent production annually over a nine-year life.

Over the next 12 months, Skeena is expected to continue advancing Eskay Creek through BC's environmental assessment process.

The offer will be priced at C$0.85 per share, which is a 10% premium over Sierra Metals' closing price of C$0.77 on the TSX last Friday.