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. (TSX: SIL, NYSE American: SILV) is a Canadian precious metals producer headquartered in Vancouver, British Columbia, with a principal focus on its Las Chispas silver-gold operation in Sonora, Mexico. The SilverCrest news feed on this page aggregates company-issued announcements and market updates that relate directly to the SILV stock and the company’s corporate developments.
News for SilverCrest commonly covers operational and financial performance at the Las Chispas Operation, including underground ore mining, mill throughput, processed grades, metallurgical recoveries, and silver-equivalent production and sales. The company also releases information about exploration drilling, sustaining capital expenditures, and treasury assets, providing investors with detail on how the operation and broader business are progressing.
A significant portion of recent news has focused on the proposed acquisition of SilverCrest by Coeur Mining, Inc. through a court-approved plan of arrangement. These releases include the announcement of the definitive agreement, regulatory approvals such as Mexican antitrust clearance, securityholder voting results, and the final order from the Supreme Court of British Columbia. They also describe the share exchange ratio and outline SilverCrest’s expectations that its shares will be de-listed and that it will cease to be a reporting issuer and deregister its shares after closing.
By following this SILV news page, readers can review historical and ongoing disclosures about SilverCrest’s Las Chispas Operation, its exploration and growth plans in the Americas, and the step-by-step progress of the transaction with Coeur Mining. Investors and researchers can use this record of press releases to understand how the company has communicated its operational performance and major corporate events over time.
SilverCrest Metals announced positive results from the Feasibility Study for the Las Chispas Project in Sonora, Mexico. The study outlines a robust economic profile with an after-tax NPV(5%) of $486.3M, an IRR of 52%, and a payback period of one year, assuming base case metal prices of $1,500/oz gold and $19.00/oz silver. Proven and probable reserves are estimated at 3.35M tonnes, yielding 94.7Moz AgEq, placing it among the highest-grade primary silver projects globally. Construction has commenced, with a targeted processing plant capacity of 1,250 tpd and significant near-term production expected to begin in 2023.
SilverCrest Metals has announced in-fill drill results at its Las Chispas Property in Sonora, Mexico, essential for the upcoming Feasibility Study. A total of 235 drill holes covering 65,360 meters resulted in significant findings, including high-grade mineralization in the Babi Main, Babi FW, Babi HW, and Babi Sur veins. Key highlights include intercepts exceeding 150 grams per tonne silver equivalent. The company confirmed the expansion of the mineralized footprint, particularly in the Babi Main vein. The Feasibility Study is anticipated later this month, including a Resource update and Maiden Reserve Estimate.
SilverCrest Metals has announced a US$120 million credit agreement with RK Mine Finance for the Las Chispas Project, alongside a US$76.5 million Engineering, Procurement, and Construction (EPC) contract with Ausenco Engineering. The credit facility, which has been partially drawn by US$30 million, aims to fund project construction and does not require equity issuances or production-linked payments. Construction is set to begin in February 2021, with commissioning targeted for Q2 2022. The feasibility study is anticipated to be released in late January 2021.
SilverCrest Metals has reported significant drill results from its Las Chispas Property in Mexico, revealing high-grade gold and silver mineralization in the newly discovered Babi Vista Splay Vein. Key highlights include Hole BV20-201, which returned a record 2.4 metres grading 555.36 gpt Au and 19,452.8 gpt Ag, equating to 61,105 gpt AgEq. A total of 129 holes were drilled, with 24 expansion and 105 in-fill holes contributing to resource estimation for the upcoming feasibility study. Ongoing drilling actively targets expanding known resources, with an updated estimate expected in Q4 2020 or early 2021.