Silvercrest
from .06 to $17 . Yes, it can happen. The mine is entering commercial production alas. Super high grades c/w 154 million shares count. Market awaits results of the pours.
Polls
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POSTING INFORMATION
HR – isn’t Silvercrest 100% in China with all production staying in China?
What is the geopolitical risk of another Kinross (Russia) type sanctions issue?
SilverCrest Metals Inc. (SIL, SILV) on Tuesday announced the first pour of silver and gold at its Las Chispas Mine located in Sonora, Mexico.
The first precious metal pour was completed on June 30, and consisted of 312 kilograms of dore with about 9,200 ounces of silver and 100 ounces of gold, the company said.
The company said best results from 235-hole program include 2.4 meters of core testing at 7,068 silver-equivalent grams per tonnes, and 2.0 meters containing 10,139 silver-equivalent grams per tonne.
My apologies – clearly this isn’t the one in China but the name is close (maybe Silvercorp).
Glad you posted this – those are amazingly high assay results!
https://ca.finance.yahoo.com/quote/SVM/holders?p=SVM
According to Scotiabank, SilverCrest trades second only to Fortuna Silver Mines Inc. (FVI) Silver with an EV/EBITDA for 2023 of 4.4x, based on spot silver and gold prices.
Scotiabank said one of the biggest points of differentiation is the very high grade and its estimated 2023 all-in sustaining costs of $8.21 per ounce for SilverCrest compared to the producing peers.