SilverCrest Metals Inc. (SILV) Bundle
An Overview of SilverCrest Metals Inc. (SILV)
General Summary of SilverCrest Metals Inc. (SILV)
SilverCrest Metals Inc. is a Canadian-based precious metals mining company focused on silver and gold exploration and production in Mexico. The company operates the Las Chispas Mining Complex located in Sonora, Mexico.
| Company Headquarters | Vancouver, British Columbia, Canada |
|---|---|
| Primary Assets | Las Chispas Mining Complex |
| Stock Exchange Listing | TSX, NYSE American |
Financial Performance in Latest Reporting Period
For the year ending December 31, 2023:
- Revenue: $296.1 million
- Net Income: $106.9 million
- Silver Production: 6.7 million ounces
- Gold Production: 79,344 ounces
| Financial Metric | 2023 Value |
|---|---|
| All-In Sustaining Cost (AISC) | $10.50 per silver equivalent ounce |
| Cash Cost | $6.25 per silver equivalent ounce |
Industry Leadership
SilverCrest Metals is recognized as a leading precious metals producer in Mexico, with a focus on high-margin silver and gold production.
- Proven operational efficiency
- Low all-in sustaining costs
- Strong balance sheet
- Significant mineral reserves
Mission Statement of SilverCrest Metals Inc. (SILV)
Mission Statement of SilverCrest Metals Inc. (SILV)
SilverCrest Metals Inc. (SILV) mission statement focuses on sustainable precious metal exploration, development, and production in Mexico.
Core Mission Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Operational Excellence | Las Chispas Silver-Gold Project | Projected annual production: 7.4 million silver equivalent ounces |
| Geographical Focus | Mexican mining districts | 100% of current operations in Mexico |
| Resource Development | Mineral exploration strategy | $23.4 million exploration budget for 2024 |
Strategic Objectives
- Maintain low all-in sustaining costs (AISC) under $12 per silver equivalent ounce
- Achieve sustainable mining practices
- Maximize shareholder value through efficient resource extraction
Financial Performance Indicators
Fiscal Year 2023 Highlights:
| Metric | Value |
|---|---|
| Revenue | $203.4 million |
| Net Income | $64.2 million |
| Cash Position | $142.6 million |
Operational Metrics
Las Chispas Project Key Statistics:
- Proven and Probable Reserves: 35.6 million silver equivalent ounces
- Mine Life: Estimated 11 years
- Average Annual Production: 7.4 million silver equivalent ounces
Vision Statement of SilverCrest Metals Inc. (SILV)
Vision Statement Components of SilverCrest Metals Inc. (SILV)
Strategic Growth ObjectivesSilverCrest Metals Inc. focuses on specific growth targets within the precious metals mining sector:
- Las Chispas Mine production target: 6.0-6.5 million silver equivalent ounces in 2024
- Projected annual gold production: 65,000-70,000 ounces
- Total cash costs estimated at $6.50-$7.50 per silver equivalent ounce
| Metric | 2024 Projection |
|---|---|
| Silver Equivalent Ounces | 6.0-6.5 million |
| Gold Production | 65,000-70,000 ounces |
| Total Cash Costs | $6.50-$7.50/oz |
Key operational performance indicators for 2024:
- Mine life expectancy: 11 years based on current reserves
- Processing plant capacity: 2,100 tonnes per day
- Recovery rates: 93% for silver, 89% for gold
| Financial Metric | 2024 Target |
|---|---|
| All-In Sustaining Costs | $11-$13 per silver equivalent ounce |
| Projected Revenue | $250-$280 million |
| Capital Expenditures | $40-$50 million |
Exploration budget allocation for 2024:
- Total exploration budget: $15-$20 million
- Focus regions: Las Chispas district, Mexico
- Drilling meterage target: 30,000-35,000 meters
Core Values of SilverCrest Metals Inc. (SILV)
Core Values of SilverCrest Metals Inc. (SILV) in 2024
Safety and Health Excellence
SilverCrest Metals prioritizes worker safety and health across operations.
| Safety Metric | 2024 Performance |
|---|---|
| Total Recordable Injury Frequency Rate | 1.2 per 200,000 work hours |
| Lost Time Injury Frequency Rate | 0.4 per 200,000 work hours |
Environmental Stewardship
Commitment to sustainable mining practices and environmental protection.
- Water recycling rate: 85%
- Carbon emissions reduction: 12% compared to 2023
- Biodiversity conservation investment: $1.2 million
Operational Excellence
Focus on efficient and high-performance mining operations.
| Operational Metric | 2024 Performance |
|---|---|
| Production Efficiency | 92% of targeted output |
| Cash Cost per Ounce of Silver | $8.50 |
Community Engagement
Supporting local communities where SilverCrest operates.
- Community investment: $3.5 million
- Local employment rate: 76%
- Educational scholarship program: 45 students supported
Ethical Business Practices
Maintaining highest standards of corporate governance.
| Governance Metric | 2024 Status |
|---|---|
| Independent Board Members | 67% |
| Compliance Audit Score | 9.6/10 |
SilverCrest Metals Inc. (SILV) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.