Honey Badger Silver Launches Three Priority Site Activities at PC Silver Mine
Honey Badger Silver (TUF.V) on Wednesday detailed its three primary near-term strategic priorities at its flagship Prairie Creek Silver Mine (PC) Silver Mine in the Northwest Territories.The company plans to progress on site access infrastructure, on refurbishment and advancement of existing mill infrastructure and drilling and resource expansion. Honey Badger, in parallel with these operational priorities, intends to continue evaluating opportunities to reduce project risk and minimize shareholder dilution through potential government funding programs, strategic partnerships, debt financing, non-silver royalty structures, and concentrate marketing initiatives, it said.Its primary financial objective is to maximize the net present value of the PC Silver Mine on a per share basis, it said."Major factors that could lead to a higher net present value are: bringing future expected free-cash flows closer to the present, adding mine life, lowering capital costs, de-risking, and lowering operating costs which in our case may come from critical metal by-product credits," said the company in a statement.Shares of the company were last seen down $0.06 to $1.11 on the TSX Venture Exchange.Price: $1.11, Change: $-0.06, Percent Change: -5.13%