TICKER: SVL:TSX.V; SVLC:NYSE.MKT
SilverCrest Mines Inc. is a Canadian precious metals producer headquartered in Vancouver, BC. Its flagship property is the 100%-owned Santa Elena mine. The mine is a high-grade, epithermal gold and silver deposit, and the company anticipates that the current 2,500 tpd facility will produce approximately 4.8 Moz silver and 179 Koz gold over the 6.5-year mine life of the initial open-pit heap leach operation. A three-year expansion plan is underway to double production. The Cruz de Mayo silver satellite deposit is the subject of a prefeasibility study. The 100+ Moz Ag eq La Joya project is a silver-copper-gold bulk tonnage target that is being aggressively explored.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
The Gold Report Interview with Maria Smirnova
"We own names like SilverCrest Mines Inc. . .SilverCrest built the Santa Elena mine and has made money in the last couple of years. Now management is deciding to transition the mine from an open-pit to an underground operation. It is building a mill to grow production. That decision was prudent. . .last year SilverCrest produced about 2.4 Moz silver equivalent, and the target is to grow production to 4.5 Moz silver equivalent. That may not happen next year, but it will get there by 2015."
Kwong-Mun Achong Low, Jennings Capital
"SilverCrest Mines Inc. reported a beat on its Q1/13 financial and operating results; earnings per share came in at $0.06 versus our estimate of $0.04. Cash flow per share came in at $0.08 versus our estimate at $0.06, with the difference attributed to lower costs than we had expected. . .we reiterate our Buy recommendation and 12-month target price of $3.50/share."
Benjamin Asuncion, Haywood Securities
"For Q1/13, SilverCrest Mines Inc. delivered $7.7M / $0.07/share in cash flow on earnings of $6M / $0.06/share and revenue of $15.3M. Actual results were largely in line with our expectations. . .we note that annualized Q1/13A production represents 88% and 98% of guidance for gold and silver, respectively."
Philip Ker, PI Financial
"SilverCrest Mines Inc. announced its Q1/13 financial results where management reported adjusted net earnings and operating cash flow of $0.06/share and $0.08/share, respectively. This was a beat to our
estimates of $0.04/share and $0.07/share. . .we continue to favor the company as it heads into 2013 with continued strong production numbers and embarks on its expansion initiatives at Santa Elena. . .we are maintaining our Buy recommendation."
Brien Lundin, Gold Newsletter (Jefferson Financial)
"Since SilverCrest Mines Inc.'s underground delineation program at Santa Elena began in 2012, the company has drilled about 48,000m of core. A summary of the results of this effort is expected to hit the market soon, with an NI 43-101 compliant resource to be filed within 45 days of that initial announcement."
SilverCrest Mines Inc. Content
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