Local community-based multi-year projects have advanced with a focus on water and sewage infrastructure.
Released Task Force on Climate-Related Financial Disclosure (“TCFD”) and Water Stewardship Reports, inaugural ESG report to follow in 2023.
Financial position remains strong with debt refinancing completed at a lower rate and a reduction of debt outstanding by $40.0 million. Exited 2022 with $50.8 million in cash and $50.0 million in debt.
* NI 43-101 Technical Report & Feasibility Study on The Las Chispas Project dated January 4, 2021 (the “2021 Feasibility Study”)
** AgEq is based on the 2021 Feasibility Study Mineral Resource and Reserve gold to silver ratio of 86.9:1 calculated using US$1,410/oz Au and US$16.60/oz Ag
***based on 200,000 work hours
Pierre Beaudoin, COO, remarked, “2022 was a pivotal year for SilverCrest with construction completed slightly ahead of schedule and under budget which is a rare achievement in this industry. This milestone set the positive tone for the ramp-up and declaration of commercial production in Q4, 2022. We are currently working on optimization of Las Chispas operations, and we expect to complete its Updated Technical Report in Q2, 2023 to provide the foundation for production and cost guidance going forward.”
N. Eric Fier, CPG, P.Eng, and CEO, stated, “We are very pleased with our progress at Las Chispas. Within five months of our first metal pour we declared commercial production, refinanced our previous project financing facility, which we did not fully draw, and reduced our total debt outstanding from $90 million to $50 million. As we begin 2023, our focus is on generating revenue and using established cost controls to maximize free cash flow and pursue growth opportunities.”
Recent SILV News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/13/2024 11:18:55 AM
- SilverCrest Reports Results of 2024 AGM • PR Newswire (US) • 06/13/2024 11:00:00 AM
- SilverCrest Reports Results of 2024 AGM • PR Newswire (Canada) • 06/13/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/14/2024 09:11:00 PM
- SilverCrest Reports First Quarter 2024 Financial Results • PR Newswire (Canada) • 05/14/2024 08:59:00 PM
- SilverCrest Reports First Quarter 2024 Financial Results • PR Newswire (US) • 05/14/2024 08:59:00 PM
- US Futures Remain Steady Amid Wall Street Caution Ahead of April PPI Report • IH Market News • 05/14/2024 11:18:01 AM
- SilverCrest Provides First Quarter Operational Results and Conference Call Details • PR Newswire (US) • 04/17/2024 09:00:00 PM
- SilverCrest Provides First Quarter Operational Results and Conference Call Details • PR Newswire (Canada) • 04/17/2024 09:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 11:03:15 AM
- SilverCrest Reports Fourth Quarter and 2023 Annual Financial Results • PR Newswire (US) • 03/11/2024 11:03:00 AM
- SilverCrest Reports Fourth Quarter and 2023 Annual Financial Results • PR Newswire (Canada) • 03/11/2024 11:03:00 AM
- Form 40-F - Registration statement [Section 12] or Annual Report [Section 13(a), 15(d)] • Edgar (US Regulatory) • 03/11/2024 11:02:14 AM
- U.S. Index Futures Dip Ahead of Inflation Data and Oracle’s Earnings; Oil Prices Edge Higher • IH Market News • 03/11/2024 10:39:47 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 10:29:47 AM
- SilverCrest Announces Updated Annual Audited Financial Statement Filing Date and Conference Call • PR Newswire (Canada) • 03/07/2024 12:30:00 PM
- SilverCrest Announces Updated Annual Audited Financial Statement Filing Date and Conference Call • PR Newswire (US) • 03/07/2024 12:30:00 PM
- SilverCrest Provides 2024 Guidance • PR Newswire (US) • 02/20/2024 09:30:00 PM
- SilverCrest Provides 2024 Guidance • PR Newswire (Canada) • 02/20/2024 09:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/20/2024 09:29:20 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/23/2024 10:19:13 PM
- SilverCrest Provides Fourth Quarter and Annual Operational Results, Management Update and Conference Call Details • PR Newswire (Canada) • 01/23/2024 10:00:00 PM
- SilverCrest Provides Fourth Quarter and Annual Operational Results, Management Update and Conference Call Details • PR Newswire (US) • 01/23/2024 10:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/09/2023 09:36:13 PM
- SilverCrest Reports Third Quarter 2023 Results • PR Newswire (US) • 11/08/2023 10:37:00 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
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