SilverCrest Metals (TSE:SIL) has released an update.
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SilverCrest Metals Inc. reported a record-breaking revenue of $80.4 million for Q3 2024, marking a 10% increase from the previous quarter, driven by the recovery and sale of significant gold and silver quantities from its Las Chispas Operation in Mexico. The company’s operational efficiency and favorable metal prices have positioned it to potentially exceed its annual silver equivalent sales guidance of 10 to 10.3 million ounces. SilverCrest’s robust financials are further bolstered by a 29% increase in treasury assets, now totaling $158.2 million.
For further insights into TSE:SIL stock, check out TipRanks’ Stock Analysis page.
