SilverCrest Provides Second Quarter Operational Results and Conference Call Details
Record Revenue, Treasury Assets Increased by 34% During the Quarter
TSX: SIL | NYSE American: SILV
Q2, 2024 Operating Highlights
- Recovered 15,303 ounces ("oz") gold and 1.46 million ounces silver, or 2.68 million silver equivalent ("AgEq")1 ounces.
- Sold 14,500 ounces gold and 1.45 million ounces silver, or 2.60 million AgEq ounces.
- Generated record revenue of
$72.7 million with average realized price of$2,237 /oz gold and$27.84 /oz silver, price increases of 8% and 19% respectively from Q1, 2024. - Ended the quarter with treasury assets of
$122.3 million , including$98.3 million cash and$24.0 million bullion.
Q2, 2024 Operational Highlights
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Three months ended
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Six months ended
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Unit |
2024 |
2023 |
2024 |
2023 |
Ore mined |
tonnes |
100,019 |
74,400 |
185,756 |
138,000 |
Ore milled (a) |
tonnes |
110,645 |
107,900 |
204,018 |
212,300 |
Average daily mill throughput |
tpd |
1,216 |
1,186 |
1,121 |
1,173 |
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Gold (Au) |
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Average processed grade |
gpt |
4.36 |
4.84 |
4.64 |
4.46 |
Process recovery |
% |
98.6 % |
98.4 % |
98.6 % |
98.0 % |
Recovered |
oz |
15,303 |
16,500 |
30,022 |
29,800 |
Sold |
oz |
14,500 |
13,400 |
29,500 |
27,600 |
Average realized price |
$/oz |
2,237 |
1,991 |
2,148 |
1,933 |
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Average processed grade |
gpt |
418 |
449 |
446 |
434 |
Process recovery |
% |
98.3 % |
97.9 % |
98.1 % |
95.1 % |
Recovered |
million oz |
1.46 |
1.53 |
2.87 |
2.82 |
Sold |
million oz |
1.45 |
1.45 |
2.85 |
2.81 |
Average realized price |
$/oz |
27.84 |
24.36 |
25.64 |
23.70 |
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Silver equivalent (AgEq) |
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Average processed grade |
gpt |
765 |
834 |
815 |
789 |
Process recovery |
% |
98.4 % |
98.1 % |
98.3 % |
96.4 % |
Recovered |
million oz |
2.68 |
2.84 |
5.26 |
5.19 |
Sold |
million oz |
2.60 |
2.52 |
5.19 |
5.01 |
(a) Ore milled includes material from stockpiles and ore mined. |
Q2, 2024 Conference Call
The Company's unaudited condensed interim consolidated financial statements for the three and six months ended
A conference call to discuss the Company's Q2, 2024 operational and financial results will be held
Date & Time:
Telephone: North America Toll Free: 1-800-274-8461
Conference ID: SILVER (745837)
Webcast: https://silvercrestmetals.com/investors/presentations/
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
For Further Information:
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Contact: Telephone: Fax: Toll Free: Email: Website: |
+1 (604) 694-1730 +1 (604) 357-1313
1-866-691-1730 ( |
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1
Silver equivalent ("AgEq") ratio used in this news release of 79.51:1 based on the Las Chispas Operation Technical Report, dated |
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