Canadian miner Bunker Hill Mining Corp. has released the results of its preliminary economic assessment (PEA) for the Bunker Hill Mine in Idaho’s Silver Valley, US. The document outlines the com-pany’s investment and production goals for the facility.
“The PEA contemplates a $42 million initial capital cost (including 20% contingency) to rapidly restart the mine, generating approximately $20 million of annual average free cash flow over a 10-year mine life, and producing over 550 million pounds of zinc, 290 million pounds of lead, and 7 million ounces of silver,” Bunker Hill said in a statement.
The miner said that the mine’s development and operations is expected to generate between 150-200 new jobs in Shoshone County.
Based in Toronto, Canada, Bunker Hill says it is led by a leadership team comprised of former executives from Barrick Gold Corp.