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SilverCrest Metals – Entering 2024 With A Cash-Flowing Mine, No Debt, Cash And Bullion On The Balance Sheet

Cory
December 28, 2023

Chris Ritchie, President and CEO of SilverCrest Metals (“SilverCrest” or the “Company”) (TSX:SIL – NYSE:SILV) joins me to recap a volatile 2023 and look ahead to 2024. 

 

The Company is exiting 2023 with a mine that is in operation, generating positive cash-flow, cash and bullion on the balance sheet of around $100million and no debt. Chris recaps the year by discussing the technical report release mid-year and the Company growing its gold and silver bullion holdings.

 

When looking ahead to 2024 we start with the production at the Las Chispas Mine in Mexico. We discuss if there are any major changes to the mine operations and cash-flow for the Company in the new year. We also focus on the holding of gold and silver bullion. Chris outlines a number of reasons why he thinks other mining companies should hold bullion as well. For 2024 guidance we discuss the share buy back plans and exploration. Since many of you keep emailing me asking about potential acquisitions of other projects I ask Chris what the Company is looking for in an asset and overall market conditions.

 

Please keep emailing me your questions for Chris. My email address is Fleck@kereport.com.

 

 

Click here to visit the SilverCrest website and read over the Company’s corporate presentation.

Discussion
1 Comment
    Dec 30, 2023 30:54 AM

    Mgmt exercised and sold $7 MM of stock in Nov/Dec, after buying back 1 MM shares in the prior several months stating the stock was cheap. Please reconcile this contradiction.