Chris Ritchie, President of SilverCrest Metals (“SilverCrest” or the “Company”) (TSX:SIL – NYSE:SILV) joins me to discuss the Company’s 2024 guidance on silver and gold production, costs and exploration. See the table below, from the February 20th news release, that details the guidance ranges for this year at the Company’s Las Chispas Project in Mexico.
I ask Chris how the costs, on the all-in sustaining cost (AISC) front, compare to the numbers outlined in the Company’s Technical Report, released last year. I also have Chris compare the costs across the silver producers. We discuss how the Company is working to control costs throughout this year and into next year. On the growth front I ask about the ongoing underground development and exploration budget of between $12-14million for the year.
We all know costs have continued to rise throughout the entire mining sector. Chris outlines how SilverCrest is focused on the balance sheet, continuing to hold bullion and separating itself from the other higher cost silver producers.
If you have any follow up questions for Chris please email me at Fleck@kereport.com.
Click here to visit the SilverCrest Metals website to learn more about his silver producer.
|
Guidance Metric |
Unit |
2024 |
|
Silver Equivalent (“AgEq”) Ounces |
million oz sold |
9.8 to 10.2 |
|
Cash Costs |
$/oz AgEq sold |
9.50 to 10.00 |
|
Corporate AISC |
$/oz AgEq sold |
15.00 to 15.90 |
|
Sustaining Capital |
$ million |
40.0 to 44.0 |
|
Exploration |
$ million |
12.0 to 14.0 |