Mani Alkhafaji

These discoveries are unprecedented. You know, to find two discoveries so in such short period of time within 12 months was a massive milestone for us.

the mine currently has 10 year life of mine, brand new mill effectively.

all what we found so far has been within 5 km tiny radius... It's 102,000 hectares... we haven't scratched the surface uh up north where there is already mineralization

we think that's going to grow based on the results and the drilling that we're doing right now. And in addition to Naviad, we've made another discovery 2 months ago now uh called uh Santanino uh very close to the uh to the plant uh it's less than a kilometer away.

We were doing anywhere between 100 150 thousand ounces. We never got there, you know, I think we did uh 112 hundred uh 115 thousand ounces.

And right now it has about an 8year life of mine 10 years later

when we bought it, Santa Elena had 6 and 1/2 year life of mine... Today, life of mine is 11 years. 10 years later.

by the end of the year we put an initial maiden resource of 30 million ounces.

we took production up three to four X... Producing three to four times more than what it did when we first bought it.

Santa Elena for example, uh our discovery cost is about 30 32 cents a an ounce.

production went up from two and a half million ounces when we bought it to last year we broke through 10 million ounces.

we did commit 75 million, and that's still on track right now.

12 months ago in 2025, we had record cash flow quarters when silver was at $32.

We've got 1.2 billion dollars in the bank right now.

our balance sheet right now has never been uh stronger and uh we're quite excited to continue building and you know uh adding adding to the treasury

we have almost 300 km of drilling uh committed for this year.

Yeah, it'll be in about 2 to 3 years.

we're targeting H2 of 2027. And uh look... we're still on track for commencing production in about 12 18 months from now.

this permit it's shaved probably about 12 18 months of uh the the timeline.

you're going to develop getting the permits maybe sometime in 2027, maybe a little bit later.

We're in Mexico, so this fits perfectly in our backyard.

there's a new a new governments in place that took uh that took office uh in in September of uh of last year. just in the last four weeks, we received two of them.

we have our four operating mines, three true cornerstone world-class districts.

this is our 20 22nd year of being in Mexico. When we bought the mine, it had about 7-year life of mine 10 years ago. production went up from two and a half million ounces when we bought it to last year we broke through 10 million ounces.

We revised cut off grades. Open pit is being uh discussed right now as well.

in Q1, uh, 57% of our revenue came from silver.

we're what 70% of our revenue is from silver right now.