Silvercrest Meta Stock Price, News & Analysis

SilverCrest Metals Inc. (SILV) announced its unaudited financial results for Q2 2022, highlighting a strong cash position with $118.6 million and a $30 million unused credit facility. The Las Chispas Mine in Mexico is on track for commercial production in Q4 2022 after completing construction ahead of schedule and under budget. The company reported a comprehensive loss of $6.0 million for H1 2022, significantly improved from the previous year. Key operational milestones include the first precious metal pour with approximately 9,200 ounces of silver and commissioning activities currently in progress.

SilverCrest Metals Inc. announced the appointment of Anna Ladd-Kruger to its Board of Directors, effective immediately. With over 20 years of experience in the mining industry, Ladd-Kruger has held key roles in public mining companies, including her recent position as CFO of McEwen Mining Inc. She has significant expertise in transitioning projects from exploration to production, which is seen as crucial as SilverCrest advances its Las Chispas Mine toward commercial production. Eric Fier, CEO, expressed enthusiasm about the strategic value she brings to the company's leadership.

SilverCrest Metals has announced the successful first pour of silver and gold from its Las Chispas Mine in Sonora, Mexico, completed on June 30, 2022. The initial production yielded approximately 9,200 ounces of silver and 100 ounces of gold. CEO Eric Fier highlighted this milestone as a step towards commercial production expected in Q4 2022. The plant's commissioning is progressing as planned, with an aim to achieve a capacity of 1,250 tonnes per day. Further updates on the ramp-up operations are expected in Q3 2022.

SilverCrest Metals announced the results of its Annual General Meeting (AGM) held on June 15, 2022, in Vancouver, BC. A total of 85,223,625 votes represented 58.42% of issued shares. Shareholders approved six directors with voting percentages ranging from 97.27% to 99.68%. PricewaterhouseCoopers LLP was reappointed as the auditor, and a new 'rolling 5.5%' Stock Option Plan was adopted. The company focuses on precious metal exploration and development, particularly in Mexico's Las Chispas mining district, which is key for its future production goals.

SilverCrest Metals Inc. has announced the successful construction handover of its Las Chispas processing plant by Ausenco Engineering ahead of schedule and under budget. Commissioning is underway, with expectations of achieving commercial production by Q4 2022. The project is anticipated to incur capital costs below the estimated US$137.7 million. With substantial underground development already completed, SilverCrest will gradually ramp up production starting 2025. The company is transitioning to a fully operational power grid by H2 2022, enhancing operational efficiency.

SilverCrest Metals (NYSE American: SILV) announced its Q1 2022 financial results, reporting a loss of $8.7 million, a decrease from $12.7 million in Q1 2021. Construction at the Las Chispas Project is 95.7% complete, with a target startup in Q2 2022. The company has committed $114.6 million of the $137.7 million feasibility cost. Cash and cash equivalents totaled $152.0 million as of March 31, 2022. Exploration efforts continue with 10,133 meters drilled at the El Picacho property.

SilverCrest Metals Inc. (SILV) announced its progress on the Las Chispas Project in Sonora, Mexico, reporting 95.7% construction completion as of Q1 2022. The plant's commissioning is on track for Q2 2022, with capital costs to date at $114.6 million, remaining under budget. The temporary power line is energized, enhancing operational readiness. The company has managed COVID-19 challenges effectively, maintaining a robust safety record. Financially, SilverCrest has $152 million in cash, securing its position for upcoming project phases.

SilverCrest Metals Inc. announced significant results from its initial drill program at the El Picacho Property in Sonora, Mexico. A total of 68,200 metres have been drilled, targeting five adjacent epithermal veins, including newly discovered veins. The Picacho Main Vein shows an average grade of 5.42 gpt Au and 23.9 gpt Ag, leading to an overall mineralized footprint expansion. Ongoing exploration will continue to map and sample unexplored areas. The company aims to delineate an initial mineral resource estimate, with two drills active through Q2 2022.

SilverCrest Metals Inc. has announced the retirement of Ross Glanville from its Board of Directors, effective March 31, 2022. Glanville has been part of the Board since August 2015 and previously served on the Board of SilverCrest Mines. CEO Eric Fier expressed gratitude for Glanville's contributions during significant company transformations, particularly the discovery phase and near production commencement at the Las Chispas project in Mexico. SilverCrest is focusing on the Las Chispas mining district, targeting production startup by mid-2022.