SilverCrest Metals – Strong Q1 Financial Results From The First Full Quarter Of Production At Las Chispas
Chris Ritchie, President of SilverCrest Metals (TSX.V:SIL – NYSE:SILV) join us to recap the Q1 financial results. It was the first full quarter of production at the Las Chispas mine. The Company generated strong free-cash flow, including income of $27.2million and paid down debt at an accelerated rate.
With Chris we discuss overall cash-flow from the mine as well as key cost of production metrics. We also have Chris update us on how the stockpiles were used to feed the mill and reduce overall costs. As underground development continues we have Chris look ahead to what’s coming in terms of costs. Recoveries were highlighted in the news as well so we get Chris to update us on that front. We wrap up the call with a comment on the ongoing exploration at the Project.
If you have any follow up questions for Chris please email us at Fleck@kereport.com and Shad@kereport.com.
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I’d love to see a buyout of one of the most strategic of the 3 properties owned by Reyna Silver. Unless we see an immediate escalation of Au/Ag prices, Reyna is dead in the water trying to raise capital in a share price that has little to no upside potential trying to fund all 3 properties going nowhere. I know Peter Megaw has great credibility in the exploration side of things, but someone ( CEO Monroe) has to concentrate on one specificMexican property and Medicine Springs Nevada intermittently
How about getting a podcast with Reyna Silver CEO Monroy, and not IR Megaw’s daughter, though impressive in her presentations, she’s still not the CEO making decisions
Good suggestion Marty. We’ve talked to the folks over at Reyna Silver in the past but never worked out getting them on the show for an official introduction. We talk with the guys over at Reyna Gold quite regularly though, so we’ll see if we can get reconnected at one point to get Reyna Silver on as well.
Congratulations to Silvercrest on their success. The cartels and banditos will also be licking their chops at the prospect of collecting their share. Between them and the Mexican government, things may not be as rosy as it seems. There could be some additions to cash costs.
Compare Mag Silver to SILVERCREST AND YOU’LL see a lot more value in SILV, yet price is 30-40% less than Mag. It’s still cheap.