SilverCrest Metals provides interim results from Las Chispas Operation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
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Should l Buy ?
Operational Results: SilverCrest Metals reported strong operational results for Q4 and FY24 from its Las Chispas Operation in Mexico, recovering nearly 14,000 ounces of gold and 1.38 million ounces of silver in Q4, with total revenue of $85.2 million, a 6% increase from the previous quarter.
Financial Performance: For FY24, the company exceeded sales guidance by selling over 59,000 ounces of gold and 5.75 million ounces of silver, generating $301.9 million in revenue, marking a 23% increase from FY23, while also maintaining a strong treasury position with $193.4 million in assets.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
