SilverCrest Provides First Quarter Operational Results and Conference Call Details
Record Processed Grades and Recoveries, Silver Equivalent Sales Exceed Plan
TSX: SIL | NYSE American: SILV
Q1, 2024 Operating Results and Sales
- Recovered 14,719 ounces ("oz") of gold and 1.41 million ounces of silver, or 2.58 million silver equivalent ("AgEq")1 ounces.
- Sold 15,000 ounces of gold and 1.40 million ounces of silver, or 2.59 million AgEq ounces.
- Average realized price of
$2,062 /oz gold and$23.37 /oz silver generating$63.6 million of revenue.
"Strong performance of bullion prices in the quarter contributed to a 4% increase in our bullion holdings, to end the quarter at
__________________________ |
1
Silver equivalent ("AgEq") ratio used in this news release of 79.51:1 based on the Las Chispas Operation Technical Report, dated |
2 Treasury Assets is comprised of bullion holdings and cash. |
Q1, 2024 Operational Highlights
|
Unit |
Q1, 2024 |
Q1, 2023 |
Ore mined |
tonnes |
85,737 |
63,600 |
Ore milled (a) |
tonnes |
93,373 |
104,400 |
Average daily mill throughput |
tpd |
1,026 |
1,160 |
|
|
|
|
Gold (Au) |
|
|
|
Average processed grade |
gpt |
4.97 |
4.06 |
Process recovery |
% |
98.6 % |
97.5 % |
Recovered |
oz |
14,719 |
13,300 |
Sold |
oz |
15,000 |
14,200 |
Average realized price |
$/oz |
2,062 |
1,879 |
|
|
|
|
|
|
|
|
Average processed grade |
gpt |
479 |
419 |
Process recovery |
% |
98.0 % |
91.9 % |
Recovered |
million oz |
1.41 |
1.29 |
Sold |
million oz |
1.40 |
1.36 |
Average realized price |
$/oz |
23.37 |
23.00 |
|
|
|
|
Silver equivalent (AgEq) |
|
|
|
Average processed grade |
gpt |
874 |
742 |
Process recovery |
% |
98.3 % |
94.4 % |
Recovered |
million oz |
2.58 |
2.35 |
Sold |
million oz |
2.59 |
2.49 |
(a) Ore milled includes material from stockpiles and ore mined. |
Q1, 2024 Conference Call
The Company's unaudited condensed interim consolidated financial statements for the three months ended
A conference call to discuss the Company's Q1, 2024 operational and financial results will be held
Date & Time: |
|
|
|
Telephone: |
North America Toll Free: 1-800-274-8461 |
|
Conference ID: SILVER (745837) |
|
|
Webcast: |
Qualified Persons Statement
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is
ABOUT
SilverCrest is a Canadian precious metals producer headquartered in
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward-looking information" (collectively "forward-looking statements") within the meaning of applicable Canadian and
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