SilverCrest Mines Inc. is a Canadian precious metals producer and its flagship property is the 100%‐owned Santa Elena mine in Sonora, Mexico. The mine is a high‐grade silver and gold producer with an estimated life of mine of 8 years and cash costs of $11/oz Ag eq (55:1 Ag:Au) for the open-pit, heap-leach and underground mine. The company's major expansion and construction of a new 3 Ktpd conventional mill facility should recover an average annual rate of 1.5 Moz silver and 32,800 oz gold over the current reserve. It is expected that metals production will increase significantly at the Santa Elena mine in 2014 and beyond. Exploration programs continue to make new discoveries at the project, and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango, Mexico, with stated resources nearing 200 Moz Ag eq.