SSRM - SilverCrest Metals: A Value Play In The Silver Sector
2024-03-26 16:32:39 ET
Summary
- SilverCrest Metals Inc. has seen a 19% increase in its stock price since November 2023, outperforming major indexes and silver miners.
- The company's Las Chispas Mine in Mexico is projected to produce 57,000 ounces of gold and 5.5 million ounces of silver annually at low costs.
- SilverCrest reported exceptional Q4 performance, with increased sales, higher earnings, and a debt-free status, making it an attractive investment opportunity.
SilverCrest Metals Update
YCharts
This is an update on my previous coverage of SilverCrest Metals Inc. (SILV). In November 2023, I called the stock as a Buy due to its robust production numbers and cost efficiency in the third quarter. Since that recommendation, the stock has appreciated nearly 19%, outperforming the S&P 500 (SP500), VanEck Gold Miners ETF ( GDX ), and Global X Silver Miners ETF ( SIL )....
SilverCrest Metals: A Value Play In The Silver Sector