← Back to TranscriptAgent TranscriptAgent
← All mining companies

Silver TigerTSXV:SLVR

Silver developer, with a project stated to be in Sonora.

Sonora · Mexico — as stated on the recordings

developer silver Sonora, Mexico
Sep 2025 → May 2026Covered
7 of 10Topics on record
6Figures tracked over time
1 executiveNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 6 interviews with the company · 6 independent recordings
Stage
Developer
Primary commodity
Silver
Jurisdiction
Sonora
Deposit
surface mine and underground
Latest appearance
11 May 2026
On record
6 interviews · 46 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
100 million silver equivalent ounces in the bulk tonnage deposit at surface
Management-stated Glenn Jessome Dec 2025
Money on hand
over 50 million USD in the bank today
Stated capital need: $60 million
Management-stated Glenn Jessome Dec 2025
What happens next
October 2027
Management-stated Glenn Jessome May 2026
The main open question
A PDA for the underground steep deposit is due January 2027—critical to proving the 113M oz resource that justifies the full $100M+ capex and 9-year mine life economics.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
8 independent voices on record — 9 constructive, 1 neutral
Jonathan Egilo, Don Durett, Brad Langille, Peter Spina…
Outside voices

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Cash position 60 millionover 50 million ● Lower 2 statements on record
02 Dec 2025
60 million US in the bank
“I've got 60 million US in the bank right now on an 186 million capex sale.”
19 Dec 2025
over 50 million USD in the bank today
“We have over 50 million USD in the bank today.”
Capital needed 186 million$60 million ≠ Different basis One statement qualifies the figure and the other does not (capex) 3 statements on record
02 Dec 2025
186 million capex
“I've got 60 million US in the bank right now on an 186 million capex sale.”
11 May 2026
$60 million
“they offered me a $60 million bot deal financing at the very top of that market.”
Resource size ≠ Different basis One statement qualifies the figure and the other does not (exploration, potential) 2 statements on record
02 Dec 2025
100 million silver equivalent ounces in bulk tonnage, 113 million in underground, 73 to 100 million exploration potential in first 2-3 kilometers
“We've got 100 million silver equivalent ounces in the ME and that bulk tonnage...We've got 113 million in the underground...they see another 73 to 100 million silver equivalent ounces”
19 Dec 2025
100 million silver equivalent ounces in the bulk tonnage deposit at surface
“we did all of the work to drill off uh 100 million silver equivalent ounces in the in in the bulk tonnage deposit at surface”
Permitting ? Wording changed No comparable date in one of the two statements 4 statements on record
22 Sep 2025
800 ton per day underground amending that for the open pit portion
“we have an under 800 ton per day underground amending that for the open pit portion”
11 May 2026
received new permit for surface mine heat bleach project in November
“We received that new permit for this surface mine, this heat bleach project um in November.”
First production ? Wording changed No comparable date in one of the two statements 2 statements on record
02 Dec 2025
in 18 to 24 months from now, bulk tonnage surface first
“we're going to build this thing in 18 months”
11 May 2026
October 2027
“commissioned in October of 2027 and poured the first Doré bar, which is a silver gold bar at Eltegra.”
Study due ? Wording changed No comparable date in one of the two statements 2 statements on record
02 Dec 2025
PDA for 800 tons per day underground operation in January
“you're going to see the PDA in January for that 800 tons per day underground operation”
19 Dec 2025
first economic test (PA) for underground steep deposit coming January
“In January. You're going to see a PA, the first economic test for our underground steep.”

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Silver Tiger's own claims across 6 interviews — most-covered theme first.

What outside voices pick up on

6 independent voices — people who do not speak for the company — across 11 mentions.

9 constructive 1 neutral
  • Jonathan Egilo “Used as a permitting/financing/operation comparison and part of management's broader track record.”
  • Don Durett “He presents it as a long-term builder with large upside because future mines are not yet valued.”
  • Brad Langille “Referenced as a comparable permitting example in Mexico.”
  • Peter Spina “Glenn repeatedly promotes Silver Tiger as a developer transitioning toward production and benefiting from higher silver prices.”

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the company will pour first metal in October 2027 from a bulk-tonnage surface operation (100M oz silver equivalent) that pays back all capital in one year with 92% IRR and $750M NPV.

What it rests on
Evidence: 3 moments from 2 interviews
Read the full case

Management says the company will pour first metal in October 2027 from a bulk-tonnage surface operation (100M oz silver equivalent) that pays back all capital in one year with 92% IRR and $750M NPV. The team has 30 years building three mines in Sonora; the company just received Mexico's first bulk-tonnage open pit permit since 2019 in November, and has $60M cash against $186M capex. Outside investors see it as long-term mine-build leverage play with unvalued future underground upside now in production phase.

▼ Bear case

A PDA for the underground steep deposit is due January 2027—critical to proving the 113M oz resource that justifies the full $100M+ capex and 9-year mine life economics.

What it rests on
Evidence: 3 moments from 2 interviews
Read the full case

A PDA for the underground steep deposit is due January 2027—critical to proving the 113M oz resource that justifies the full $100M+ capex and 9-year mine life economics. The company assumes $30–$35 silver and $1,800 gold equivalent; at lower metals prices the returns erode sharply. Two-year construction timeline (18–24 months) to first production and one-year payback depend on zero permitting delays, no cost overruns, and flawless execution; Mexico permitting risk remains real despite one recent win. Financing plan lacks detail: $186M capex need against $60M cash plus $200M raised since 2020 leaves a $126M+ gap to be filled after January study results.

◆ Watch next

January 2027: PA for underground 800 tpy operation published—this is the moment the 113M oz underground resource and full mine-life economics get tested; market will re-rate on study quality and metal price assumptions.

What it rests on
Evidence: 3 moments from 3 interviews
Read the full case

January 2027: PA for underground 800 tpy operation published—this is the moment the 113M oz underground resource and full mine-life economics get tested; market will re-rate on study quality and metal price assumptions. June–July 2026: bulk tonnage surface construction should reach full operation, proving execution capability and timeline credibility. October 2027: first Doré pour. Also watch: whether additional $126M+ financing is secured ahead of construction ramp and on what terms (dilution risk).

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 19 statements

The deposit 8

Key takeaway. Management describes the deposit as a stockwork bulk tonnage deposit that can be mined by open pit and underground methods (Dec 2025, Sep 2025).

Read the full summary

According to the company, the bulk tonnage surface deposit contains about 100 million silver equivalent ounces, while the underground deposit holds roughly 113 million ounces (Dec 2025). The company also reports significant exploration upside, noting that only 3 or 4 kilometers of a 25-kilometer trend has been tested, and that stepping out along the property could yield an additional 73 to 100 million silver equivalent ounces in the first 2 to 3 kilometers (Dec 2025).

What was actually said
deposit type
surface mine and underground
“We also dig into the LT Gray project, including what the pea on the underground portion of the project means for shareholders”
Glenn Jessome· 11 May 2026·
exploration upside
more than 100 million in the underground deposit, only 3 or 4 kilometers of 25 km trend
“and more than 100 million in the underground deposit. Remember this is only 3 or 4 kilometers of 25 km trend.”
Glenn Jessome· 19 Dec 2025·
resource size
100 million silver equivalent ounces in the bulk tonnage deposit at surface
“we did all of the work to drill off uh 100 million silver equivalent ounces in the in in the bulk tonnage deposit at surface”
Glenn Jessome· 19 Dec 2025·
Show the other 5 statements
deposit type
stockwork bulk tonnage deposit, oxidized open pit, underground high-grade silver
“the stockwork bulk tonnage deposit uh at LTRA exactly as laid out in our prefeasibility study”
Glenn Jessome· 02 Dec 2025·
exploration upside
10 kilometers each way on property, already starting to step out, exploration potential of 73 to 100 million additional silver equivalent ounces in first 2-3 kilometers
“we've got 10 kilometers each way on our property”
Glenn Jessome· 02 Dec 2025·
resource size
100 million silver equivalent ounces in bulk tonnage, 113 million in underground, 73 to 100 million exploration potential in first 2-3 kilometers
“We've got 100 million silver equivalent ounces in the ME and that bulk tonnage...We've got 113 million in the underground...they see another 73 to 100 million silver equivalent ounces”
Glenn Jessome· 02 Dec 2025·
deposit type
open pit and underground
“That means I build this open pit. That means I build that underground.”
Glenn Jessome· 22 Sep 2025·
exploration upside
exploring north and south
“we're just starting to explore north and south”
Glenn Jessome· 22 Sep 2025·

Jurisdiction 10

Key takeaway. Silver Tiger management says its projects are located in Sonora, Mexico.

Read the full summary

The company reports receiving a new bulk tonnage open pit permit in November 2025—described as the first new permit in Mexico since 2019—for its surface mine heat bleach project. Management notes that underground permits were already in place and that the new permit amends the existing 800-ton-per-day underground authorization for the open pit portion.

What was actually said
country
Mexico
“Our group's been 30 years in Mexico building silver mines.”
Glenn Jessome· 11 May 2026·
permit status
received new permit for surface mine heat bleach project in November
“We received that new permit for this surface mine, this heat bleach project um in November.”
Glenn Jessome· 11 May 2026·
country
Mexico
“the first bulk tonnage open pit permit, new permit in Mexico, uh, since 2019.”
Glenn Jessome· 19 Dec 2025·
Show the other 7 statements
permit status
received bulk tonnage open pit permit in November, first new permit in Mexico since 2019
“we were, uh, very successful in in in getting in November the the first bulk tonnage open pit permit, new permit in Mexico, uh, since 2019.”
Glenn Jessome· 19 Dec 2025·
region
Sonora
“He built two of the blast big bulk tonnage deposits in Sonora, the state we're in.”
Glenn Jessome· 19 Dec 2025·
country
Mexico
“Um, we're in Mexico in case they forgot. Um we're in Sonora.”
Glenn Jessome· 02 Dec 2025·
permit status
first permit since 2020 for stockwork bulk tonnage deposit at LTRA, surface mining permitted, underground already permitted
“first one since 2020 in Mexico, a new permit uh to mine the uh stockwork bulk tonnage deposit uh at LTRA”
Glenn Jessome· 02 Dec 2025·
region
Sonora
“Um, we're in Mexico in case they forgot. Um we're in Sonora.”
Glenn Jessome· 02 Dec 2025·
country
Mexico
“our mine happens to be 90 km from the US border”
Glenn Jessome· 22 Sep 2025·
permit status
800 ton per day underground amending that for the open pit portion
“we have an under 800 ton per day underground amending that for the open pit portion”
Glenn Jessome· 22 Sep 2025·

Technical risk 1

What was actually said
key assumption
mine bulk tonnage open pit first, then transition to underground
“you have a big bulk tonnage deposited surface. You want to mine that first and then you want to transition to the underground.”
Glenn Jessome· 19 Dec 2025·

Economics 13 statements

Economics 7

Key takeaway. Management has outlined project economics for a bulk tonnage surface operation with an estimated capex of $86 million.

Read the full summary

The company reports a 92% IRR and an NPV of $750 million based on processing 60% of ore over a 9-year mine life, with all capital paid back in one year. On an after-tax annual basis, management says the operation would generate over $100 million in net cash flow once in production. Price assumptions cited include $30–$35 per ounce silver in May 2026, and as of December 2025, a gold-equivalent price of around $1,800 based on then-current market prices.

What was actually said
price assumption
$30 or $35 silver
“We planned everything to build LT Gray, the surface mine, the underground, the add more ounces at 30 or $35 silver”
Glenn Jessome· 11 May 2026·
capex
86 million US for bulk tonnage surface operation
“Um 60ish, I don't know, somewhere around 60. These are US.”
Glenn Jessome· 02 Dec 2025·
irr
92% for bulk tonnage operation
“IRRa of 92%”
Glenn Jessome· 02 Dec 2025·
Show the other 4 statements
npv
750 million US dollars for bulk tonnage 60% of ore over 9-year mine life
“This first step, and I want you to remember this, Matt, it's very important. This is 60% of that bulk tunnel...generates when in production an NPV of 750 million these are US dollars”
Glenn Jessome· 02 Dec 2025·
operating cost
over 100 million USD net cash flow after tax annually once in production
“well over 100 million USD net cash flow after tax”
Glenn Jessome· 02 Dec 2025·
payback
all capital paid back in one year for bulk tonnage operation
“pays back all capital a year”
Glenn Jessome· 02 Dec 2025·
price assumption
based on today's prices, 1,800 dollar gold equivalent assumed
“if that was done, those teddies at 1,800, you know, be uh dollar a lower gold amount.”
Glenn Jessome· 02 Dec 2025·

Financing 6

Key takeaway. Management has given several different figures for capital needs and cash on hand between late 2025 and mid-2026.

Read the full summary

In December 2025, the company reported over 50 million USD (later specified as 60 million US) in the bank, having raised 200 million Canadian since 2020 through bought-deal financings. At that time, management mentioned about 100 million US needed for the bulk tonnage portion of the deposit and a total capex of 186 million. By May 2026, the company said capital needed was $60 million.

What was actually said
capital needed
$60 million
“they offered me a $60 million bot deal financing at the very top of that market.”
Glenn Jessome· 11 May 2026·
capital needed
about 100 million US for the bulk tonnage part of the deposit
“the bulk tonnage part of the deposit which is permitted for call that about a h 100red million US”
Glenn Jessome· 19 Dec 2025·
cash position
over 50 million USD in the bank today
“We have over 50 million USD in the bank today.”
Glenn Jessome· 19 Dec 2025·
Show the other 3 statements
financing status
raised 200 million Canadian since 2020 through bot deal financings
“We still raised have raised since 2020 for our project 200 million Canadian to get to here.”
Glenn Jessome· 19 Dec 2025·
capital needed
186 million capex
“I've got 60 million US in the bank right now on an 186 million capex sale.”
Glenn Jessome· 02 Dec 2025·
cash position
60 million US in the bank
“I've got 60 million US in the bank right now on an 186 million capex sale.”
Glenn Jessome· 02 Dec 2025·

Timeline 9 statements

Timeline 9

Key takeaway. Management has laid out several shifting timelines for the project.

Read the full summary

As of December 2025, the company said construction on the bulk tonnage deposit had started and would be in full operation by June/July 2026, with first production from that surface deposit expected in 18 to 24 months. A preliminary economic assessment for the underground steep deposit and a preliminary design assessment for an 800-ton-per-day underground operation were both due in January 2026 (as stated in December 2025). By May 2026, however, management referenced a "line in the sand" milestone for January 2027 and pushed first production to October 2027. Earlier, in September 2025, the company had said the open pit portion would be in production within 18 months and that permits were coming "very soon."

What was actually said
first production
October 2027
“commissioned in October of 2027 and poured the first Doré bar, which is a silver gold bar at Eltegra.”
Glenn Jessome· 11 May 2026·
milestone
January 2027 line in the sand
“in January of 2027, line in the sand, we are going to pour have commissioned in October of 2027”
Glenn Jessome· 11 May 2026·
construction start
bulk tonnage deposit construction started, by June/July 2026 will be in full operation
“we've started that. We'll talk about the process in a minute. I'd say by June, July, it'll be it'll be full on the go.”
Glenn Jessome· 19 Dec 2025·
Show the other 6 statements
study due
first economic test (PA) for underground steep deposit coming January
“In January. You're going to see a PA, the first economic test for our underground steep.”
Glenn Jessome· 19 Dec 2025·
construction start
now
“We now execute and we're going to build in the highest sustainable environmental method possible”
Glenn Jessome· 02 Dec 2025·
first production
in 18 to 24 months from now, bulk tonnage surface first
“we're going to build this thing in 18 months”
Glenn Jessome· 02 Dec 2025·
study due
PDA for 800 tons per day underground operation in January
“you're going to see the PDA in January for that 800 tons per day underground operation”
Glenn Jessome· 02 Dec 2025·
milestone
within 18 months the open pit portion will be in production
“within 18 months the open pit portion will be in production”
Glenn Jessome· 22 Sep 2025·
permit timing
very soon
“we will get our permit amendment very soon and we'll just continue to build this”
Glenn Jessome· 22 Sep 2025·

Corporate 5 statements

Management 5

Key takeaway. Management of Silver Tiger says its team has deep, decades-long experience in Mexico.

Read the full summary

The company notes that Francisco Ables joined two years ago, having built two big bulk tonnage deposits in Sonora and run them for 10 years until 2022, and that another key Mexico team member was the driving force at Argonaut from 2010 to 2023, building two bulk tonnage mines in Sonora and managing a 400-person operation. Management also reports that the CEO is the second biggest shareholder, and, as of September 2025, that the team has built one, two, three mines in Mexico and sold three more to majors.

What was actually said
team experience
team with deep decades long experience in Mexico
“I give all the credit to my team and their their deep decades long experience in Mexico for getting us here.”
Glenn Jessome· 19 Dec 2025·
track record
Francisco Ables joined two years ago, built two big bulk tonnage deposits in Sonora, ran them for 10 years until 2022
“He built two of the blast big bulk tonnage deposits in Sonora, the state we're in. He ran built drilled them, built them, and ran them for 10 years until 2022.”
Glenn Jessome· 19 Dec 2025·
insider ownership
CEO is second biggest shareholder
“I'm the second biggest shareholder in the company.”
Glenn Jessome· 02 Dec 2025·
Show the other 2 statements
track record
Key Mexico team member was driving force at Argonaut from 2010 to 2023, built two bulk tonnage mines in Sonora, managed 400 person operation
“From 2010 to 2023 when he joined us he was the driving force in Mexico behind a company called Argonaut...built two big bulk tonnage mines in sonor”
Glenn Jessome· 02 Dec 2025·
prior exit
built one, two, three mines in Mexico and sold three more to majors
“our group has built one, two, three mines in Mexico. uh even before I drill joined third over the last 30 years we sold three more to majors”
Glenn Jessome· 22 Sep 2025·

Outside views 11 mentions

11 mentions by people who do not speak for the company — 9 constructive, 0 cautious, 1 neutral. These are their views, not the company's.

Used as a permitting/financing/operation comparison and part of management's broader track record.
Crux Investor· 25 Jun 2026·
Don Durett
bullish
He presents it as a long-term builder with large upside because future mines are not yet valued.
The Silver Market· 17 Jun 2026·
Brad Langille
neutral
Referenced as a comparable permitting example in Mexico.
Crux Investor· 11 Jun 2026·
Jonathan Egilo
bullish
Used as an execution analog for permitting and development timing.
Crux Investor· 30 Apr 2026·
Show the other 7 mentions
Don Durett
bullish
Included as a multi-year mine-build leverage play.
The Silver Market· 20 Mar 2026·
Don Durett
bullish
He includes Silver Tiger among the Mexico silver names he wants exposure to.
The Silver Market· 06 Mar 2026·
Peter Spina
bullish
Glenn repeatedly promotes Silver Tiger as a developer transitioning toward production and benefiting from higher silver prices.
VRIC Media· 21 Feb 2026·
Jesse Day
bullish
Glenn repeatedly promotes Silver Tiger as a developer transitioning toward production and benefiting from higher silver prices.
VRIC Media· 21 Feb 2026·
Peter Krauth
bullish
Glenn repeatedly promotes Silver Tiger as a developer transitioning toward production and benefiting from higher silver prices.
VRIC Media· 21 Feb 2026·
Maria Smirnova
bullish
Glenn repeatedly promotes Silver Tiger as a developer transitioning toward production and benefiting from higher silver prices.
VRIC Media· 21 Feb 2026·
John Feneck
bullish
He says it received permits, validating the Mexico permitting theme and potentially supporting further re-ratings.
Investing News· 17 Dec 2025·

Sources 6 interviews

Every interview 6

DateChannelInterviewStatements
11 May 2026 The Deep Dive We’re In for a Long Silver Bull Run! | Glenn Jessome - Silver Tiger 7
27 Mar 2026 Wall Street Bullion WARNING: Silver Market COLLAPSE Incoming? What You Need to Know Now! No claims identified
07 Mar 2026 David Lin Silver Mines Vanishing Warns CEO: $300 Price This Cycle | Glenn Jessome No claims identified
19 Dec 2025 The Deep Dive People Don’t Want Cash. They Want Physical Silver. Glenn Jessome - Silver Tiger 13
02 Dec 2025 Crux Investor Silver Tiger (TSXV:SLVR) | +$100M Annual Cash Flow From Bulk Tonnage Silver in Sonora 19
22 Sep 2025 The Deep Dive Silver still at 90:1, What If It Snaps Back to 15:1? | Glenn Jessome - Silver Tiger 7

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

silver 6
gold 5
silver tiger metals 4
mexico 2
federal reserve 1
el tigre project 1
argonaut gold 1
franklin templeton precious metals funds 1

Questions people ask

What is Silver Tiger's project and where is it?

Silver Tiger is a developer silver company, with a project stated to be in Sonora, Mexico. Everything here is drawn from its executives' own interviews.

Which interviews mention Silver Tiger?

We track 6 interviews mentioning Silver Tiger, across 4 channels (Crux Investor, David Lin, The Deep Dive, Wall Street Bullion).

What are investors saying about Silver Tiger?

11 independent voices — people who do not speak for the company — are on record discussing it (9 bullish, 1 neutral). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Silver Tiger cover?

The most-discussed topics on record are jurisdiction, timeline, the deposit, economics — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

Workspace Intelligence
YOUR AGENT
Investigation
Open the latest investigation, or start a new one from the left.

Notice

Loading…