SilverCrest Metals Inc

SIL

Equity

ISIN CA8283631015 / Valor 30011892

Toronto Stock Exchange (2024-12-24)

CAD 13.22-0.15%

SilverCrest Metals Inc
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About company

SilverCrest Metals Inc. is a Canadian precious metals producer based in Vancouver, BC, with a focus on expanding its asset base through the development of high-value precious metals projects in the Americas. The company's primary operation is the Las Chispas Mine in Sonora, Mexico. Led by a seasoned management team with expertise in all aspects of the precious metal mining sector, SilverCrest is dedicated to taking projects from discovery to production efficiently and effectively. The company has been recognized for its performance in the industry, including being named a TSX Venture 50 company in multiple years.

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

Revenue Growth

SilverCrest Metals Inc. reported a significant increase in revenue for the second quarter of 2024, reaching $136,387 thousand compared to $119,982 thousand in the same period of 2023. This growth reflects the company's enhanced production capabilities and favorable market conditions.

Net Earnings

For the three months ended June 30, 2024, SilverCrest Metals Inc. achieved net earnings of $32,667 thousand, a notable improvement from $27,085 thousand in the same quarter of the previous year. This increase in net earnings underscores the company's effective cost management and operational efficiency.

Basic Earnings Per Share

SilverCrest Metals Inc. reported basic earnings per share of $0.27 for the second quarter of 2024, up from $0.16 in the second quarter of 2023. This rise in earnings per share indicates the company's strong financial performance and profitability during the period.

Operating Activities

Net cash provided by operating activities for SilverCrest Metals Inc. in the second quarter of 2024 was $39,573 thousand, compared to $54,716 thousand in the same period of 2023. The decrease in operating cash flow is primarily due to changes in working capital and other operating activities.

Cash and Cash Equivalents

As of June 30, 2024, SilverCrest Metals Inc. had cash and cash equivalents totaling $98,320 thousand, a slight increase from $85,964 thousand at the end of the previous quarter. This increase in cash reserves highlights the company's strong liquidity position and prudent financial management.

Summarized from source with an LLMView Source

Key figures

47.1%1Y

30.4%3Y

53.0%5Y

Performance

49.8%1Y

53.0%3Y

57.1%5Y

Volatility