Welcome to our dedicated page for Silvercrest Meta news (Ticker: SILV), a resource for investors and traders seeking the latest updates and insights on Silvercrest Meta stock.
SilverCrest Metals Inc. (SILV) provides investors and industry stakeholders with centralized access to official corporate communications and market developments. This resource aggregates all material announcements from the Canadian precious metals producer, offering insight into its exploration progress, operational milestones, and strategic direction in Mexico's mining sector.
Visitors will find timely updates including quarterly financial results, resource estimates, project commissioning details, and leadership decisions. The curated collection serves as an essential reference for tracking the company's phased development approach from discovery through production in historic silver-gold districts.
Key announcement categories include exploration updates from active drilling programs, production figures from operating mines, acquisition disclosures, and technical reports detailing resource expansion. All content is sourced directly from company filings and press releases to ensure accuracy.
Bookmark this page for streamlined monitoring of SilverCrest's operational advancements and corporate developments. Regular updates provide stakeholders with the necessary information to assess the company's position within the evolving precious metals market.
SilverCrest Metals reported its Q2 2024 financial results, showing strong operational and financial performance. Notable highlights include:
- Record revenue of $72.7 million, up from $63.6 million in Q1 2024.
- Mine operating earnings of $41.5 million with a 57% operating margin.
- Net earnings of $6.5 million or $0.04 per share, impacted by deferred tax expense and foreign exchange losses.
- Increased treasury assets by 34% to $122.3 million.
Production highlights include:
- Recovered 15,303 oz gold and 1.5 million oz silver.
- Sold 14,500 oz gold and 1.4 million oz silver.
- Cash costs of $8.87 per oz AgEq and AISC of $16.88 per oz AgEq.
Guidance for 2024 has been revised upward, with sales now expected to be between 10.0 to 10.3 million oz AgEq, and cash costs and AISC guidance lowered.
SilverCrest Metals Inc. (TSX: SIL | NYSE American: SILV) has released its 2023 Environmental, Social, and Governance (ESG) Report, highlighting achievements at its Las Chispas Operation in Sonora, Mexico. Key accomplishments include:
1. Debt elimination within seven months of commercial production
2. Meeting inaugural sales and cost guidance
3. Advancing a five-year Water Stewardship Plan
4. Investing $280,000 in regional water infrastructure
5. Providing year-round water access to 231 hectares, benefiting 57 local landowners
6. Implementing drip irrigation projects for local agriculture
The company's efforts were recognized by CEMEFI and CONCAMIN. SilverCrest is now focusing on renewable energy solutions, including solar power at Las Chispas. The 2023 report provides more comprehensive environmental baselines compared to 2022, reflecting the company's commitment to transparency and sustainability.
SilverCrest Metals reported its Q2 2024 operational results, highlighting record revenue of $72.7 million, with gold and silver prices increasing by 8% and 19% respectively from Q1 2024.
The company recovered 15,303 ounces of gold and 1.46 million ounces of silver, achieving 2.68 million silver equivalent (AgEq) ounces. They sold 14,500 ounces of gold and 1.45 million ounces of silver, totaling 2.60 million AgEq ounces.
SilverCrest ended the quarter with $122.3 million in treasury assets, including $98.3 million in cash and $24 million in bullion.
Ore mined and milled increased compared to the previous year, with gold and silver recoveries reaching 98.6% and 98.3%, respectively.
Conference call to discuss results scheduled for August 8, 2024.
SilverCrest Metals Inc. (SILV) announced the results of its 2024 Annual General Meeting (AGM) held on June 12, 2024, in Vancouver, BC. A total of 88,115,662 votes were represented, constituting 59.84% of issued shares. Shareholders approved the re-election of eight directors, each receiving over 97% votes in favor, with Pierre Beaudoin leading at 99.72%. PricewaterhouseCoopers LLP was appointed as the company's auditor with 99.14% approval. Additionally, the company's executive compensation approach was backed by 98.09% of votes, and the Equity Share Unit Plan was reconfirmed with 89.93% approval.
SilverCrest Metals has released its Q1 2024 financial results, showcasing strong financial and operational performance driven by its Las Chispas operation in Sonora, Mexico. Key highlights include:
- Recovered 14,719 oz gold and 1.4 million oz silver, or 2.6 million oz silver equivalent (AgEq).
- Generated revenue of $63.6 million with a mine operating earnings of $37.5 million.
- Net earnings of $33.9 million or $0.23 per share.
- Ended the quarter with treasury assets of $91.1 million and no debt.
- Processed grades and recoveries set new records with 874 grams per tonne silver equivalent and 98.3% recovery rates.
Despite planned maintenance, the company achieved higher-than-expected sales and maintained strong financial flexibility to support tax and duty payments. SilverCrest's strong start to the year positions it well for delivering on its 2024 guidance.
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