SilverCrest Metals Inc. Common Shares - SILV STOCK NEWS

Welcome to our dedicated page for SilverCrest Metals Common Shares news (Ticker: SILV), a resource for investors and traders seeking the latest updates and insights on SilverCrest Metals Common Shares stock.

SilverCrest Metals Inc. (TSX: SILV, NYSE American: SILV) is a leading Canadian precious metals exploration and mining company headquartered in Vancouver, BC. Dedicated to the discovery, acquisition, development, and production of precious metal projects, the company focuses particularly on silver and gold. SilverCrest is renowned for its principal project, the Las Chispas Operation, located in Sonora, Mexico, an area with a rich history in precious metal mining.

Led by an experienced management team, SilverCrest Metals employs a responsible phased approach to project development, from discovery and financing to construction and production. This strategy aims to deliver on time and within budget, ultimately increasing shareholder value. N. Eric Fier, CEO, shapes the company's vision and operational strategies, ensuring sustainable growth and financial resilience.

In 2023, the Las Chispas Operation demonstrated robust performance, meeting and exceeding sales guidance, and maintaining low operational costs. The operation sold over 9.8 million ounces of silver equivalent (AgEq) by the end of Q3 2023, positioning the company to deliver on its annual guidance of 9.8-10.2 million ounces AgEq. The successful ramp-up of the underground mining rates, alongside efficient processing plant operations, reflected SilverCrest's commitment to operational excellence.

Financially, SilverCrest remains strong with significant treasury assets, reporting $105.2 million at the end of 2023, including $86 million in cash and $19.2 million in bullion. The company is debt-free and has an undrawn revolving facility of $70 million, providing ample liquidity for future investments. This financial stability allowed SilverCrest to undertake share buybacks and increase its bullion holdings, underscoring its commitment to returning capital to shareholders and enhancing asset value.

Looking ahead, SilverCrest plans to continue its exploration efforts at Las Chispas, focusing on converting inferred resources to indicated ones for reserve consideration. The exploration program is well-funded with an approved budget of $12-14 million for 2024, which also includes regional exploration activities to identify potential satellite deposits that could extend the mine's life.

SilverCrest's commitment to environmental, social, and governance (ESG) principles is demonstrated through various initiatives, including water stewardship projects and community engagement in Sonora. In 2023, the company invested $0.4 million in local infrastructure, earning recognition for its social responsibility practices in Mexico.

Stay updated with the latest news and developments of SilverCrest Metals Inc. through our regular news releases and financial reports, ensuring transparent communication with our stakeholders and investors.