Apollo Silver Corp. announced a positive Preliminary Economic Assessment (PEA) for its Calico Silver Project in California, revealing an after-tax net present value (NPV) of $737 million and an internal rate of return (IRR) of 25% at a silver price of $55 per ounce. The project plans a 15-year open-pit mine producing an average of 5 million ounces of silver annually, with initial capital costs of $633 million and a payback period of 3 years. The PEA includes updated mineral resources and highlights opportunities for further exploration, particularly at the Langtry deposit. Next steps involve de-risking through environmental studies, securing water and power, and advancing towards a prefeasibility study.
Apollo Silver's Calico project is the subject of this update. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 29, 2026 17:51 WIB: out of 83 priced US stocks, 22 rose and 58 fell. Notable movers include AGI at USD 29.84 (-5.76%), HYMC at USD 16.67 (-4.42%), and FMC at USD 4.66 (+4.25%) with a typical hold time of 64 days and order activity skewed 73% Sell / 27% Buy.
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Gilat Satellite Networks announced that its CEO Adi Sfadia and CFO Gil Benyamini will attend the Deutsche Bank Global Space and Defense Tech Summit on November 18, 2026, in New York City. The event will feature one-on-one and group meetings, providin...
Boralex Inc. has acquired Wind2, a UK-based renewable energy developer with about 350 MW of advanced wind projects across Scotland, England, and Wales. This acquisition strengthens Boralex's presence and capabilities in the UK, aligning with its stra...
