Copalquin property boosted 55% in Stormlands new study
Original announcement by canadianminingjournal on
- Company
- Mithril Silver and Gold
- Ticker
- MSG
- Exchange
- Unavailable
- Region
- Durango, Mexico
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Economic study, Resource update
- Extracted
- 2026-09-21 18:48:58 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Stormlands Mining released an economic model for Mithril Silver and Gold's Copalquin gold-silver project in Mexico, showing a 55% increase in NPV to $613.5 million using higher gold and silver prices. While the model shows an IRR of 92.23%, the document clarifies that this is a sensitivity exercise based on the 2026 MRE and is not a formal Preliminary Economic Assessment (PEA).
Reasoning: The document describes a sensitivity model by Stormlands Mining that significantly boosts the project's NPV and IRR using higher metal prices, but explicitly notes it is not a formal PEA.
Positive factors
- Significant NPV increase (55%) driven by updated metal price assumptions
- High projected IRR of 92.23%
- Strong EBITDA projections
Negative factors
- Not a formal PEA; lacks full engineering, cost work, and risk analysis
- Economic model is based on a resource estimate rather than a formal study
Facts used in scoring: 2
Classification and evidence
PEA Onlyneutral
Only Class 4 / Initial Assessment economics available. Not bankable.
Why it applies: The document explicitly states the model is not a formal preliminary economic assessment (PEA).
Evidence · text
“Without a formal preliminary economic assessment (PEA) Stormlands’ model instead uses the project’s 2026 MRE”
No Studynegative
No formal economic study — no engineering basis for the economics quoted.
Why it applies: The economic figures are derived from a modeling exercise applied to an MRE, not a formal engineering study.
Evidence · text
“it does not replace the engineering, cost work and risk analysis required for a full PEA”
Extracted facts
Stored fact records: 0. Some facts used in scoring do not have a stored record.
No stored fact records are available for this extraction.
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.