Apollo Silver Study Values Calico Project in California at $737 Million

09:20 AM EDT, 10/29/2026 (MT Newswires) -- Apollo Silver (APGO.V) on Thursday said a preliminary economic assessment of its Calico silver project in California showed the site can support a $633 million mine. The study valued the after-tax net present value project at $737 million based on a 5% discount rate, with a 25% internal rate of return at a base case silver price of $55 per ounce. Calico is projected to produce five-million ounces of silver per year over a 15-year mine life. Apollo is now focused on de-risking activities as it seeks to capitalize on the addition of silver as a critical mineral in the United States. The company's shares closed up CA$0.01 to CA$1.91 Wednesday on the TSX Venture Exchange.