SilverCrest Metals Inc

SIL

Equity

ISIN CA8283631015 / Valor 30011892

Toronto Stock Exchange (2025-02-18)

CAD 14.63-2.53%

SilverCrest Metals Inc
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About company

SilverCrest Metals Inc. is a Canadian company specializing in the production of precious metals, with its headquarters located in Vancouver, British Columbia. The company is primarily focused on its Las Chispas Operation in Sonora, Mexico, which is a key asset in its portfolio. SilverCrest is actively engaged in expanding its asset base through the acquisition, discovery, and development of high-value precious metals projects, with the ultimate goal of operating multiple silver-gold mines across the Americas. The company is supported by a management team with extensive experience in the mining sector, covering areas such as project discovery, financing, construction, and production. SilverCrest has been recognized for its performance and growth, having been listed as a TSX Venture 50 company in 2017 and 2018, and achieving a top 10 rank on the TSX30 in 2021.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenue Growth

In the third quarter of 2024, SilverCrest Metals Inc. reported a significant increase in revenue, reaching $80.37 million compared to $63.83 million in the same period of 2023. This growth was primarily driven by higher production volumes and favorable market conditions for silver and gold.

Net Earnings

SilverCrest Metals Inc. achieved net earnings of $9.51 million for the third quarter of 2024, a notable improvement from the $6.32 million reported in the third quarter of 2023. This increase in net earnings reflects the company's effective cost management and increased operational efficiency.

Earnings Per Share

The company reported basic earnings per share of $0.06 for the third quarter of 2024, up from $0.04 in the same quarter of the previous year. This improvement in earnings per share is indicative of SilverCrest Metals Inc.'s enhanced profitability and shareholder value.

Operating Cash Flow

SilverCrest Metals Inc. generated operating cash flow of $44.17 million during the third quarter of 2024, compared to $29.94 million in the third quarter of 2023. The increase in cash flow from operations underscores the company's strong financial performance and ability to fund its growth initiatives.

Outlook

Looking ahead, SilverCrest Metals Inc. remains optimistic about its growth prospects, supported by ongoing exploration and development activities at its Las Chispas mine. The company anticipates continued revenue growth and profitability in the coming quarters, driven by sustained demand for precious metals.

Summarized from source with an LLMView Source

Key figures

107%1Y

32.9%3Y

47.8%5Y

Performance

52.9%1Y

52.7%3Y

57.2%5Y

Volatility