SilverCrest Metals (SILV) provide interim operational results for the Q4 and FY24 from the Company’s Las Chispas Operation located in Sonora, Mexico. In Q4 the company recovered 13,993 ounces, or oz, gold and 1.38M ounces silver, or 2.50M silver equivalent, or AgEq, ounces; sold 15,100 ounces gold and 1.45M ounces silver, or 2.65M AgEq ounces; average realized prices of $2,647/oz gold and $31.26/oz silver, generating revenue of $85.2M, a 6% increase from Q3; treasury assets increased by $35.2M from Q3 to end the quarter at $193.4M including $153.4M in cash and $40.0M in bullion. In FY24 the company recovered 58,943 ounces of gold and 5.66M ounces of silver, or 10.35M AgEq ounces; sold 59,804 ounces of gold and 5.75M ounces of silver, or 10.50M AgEq ounces, exceeding 2024 sales guidance of 10.0M-10.3M AgEq ounces; average realized price of $2,356/oz gold and $28.03/oz silver generating $301.9M of revenue, a $56.8M, or 23%, increase from 2023; treasury assets increased by $88.3M during 2024 to end the year at $193.4M. N. Eric Fier, CEO commented, “For a second consecutive year since declaring commercial production, the Las Chispas operation has exceeded expectations on numerous operational metrics and done so in a safe manner, with no lost time injuries recorded. These outstanding achievements are a direct result of the exceptional efforts by our employees in Mexico and Canada and I would like to thank them all for their contributions in 2024.” The Company is continuing to advance its announced transaction with Coeur Mining, which remains on track to close in Q1.
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