(NewsDirect)
SilverCrest Metals President Chris Ritchiejoined Steve Darling from Proactive to share news the company hasannounced its guidance for the Las Chispas Operation in Mexico,increasing its expected ounces sold from 9.8 million to 10.2 million.The company's focus is on optimizing its production and expandingits resource base.
Additionally,SilverCrest Metals has allocated a $10 million exploration budget fromnow until the end of Q1 2024. The primary objective of this budget isto convert high-grade inferred resources to reserves, ensuring thelong-term viability of its operations.
The program will also target earlier-stage opportunities at LasChispas, aiming to follow up on high-grade intercepts and identify newstructures. This investment in exploration demonstrates thecompany's commitment to not only maintaining but also growing itsresource base
By converting inferredresources to reserves and identifying new opportunities, SilverCrestMetals aims to secure its position as a leading player in the miningindustry.
The company has also announced the filing of itsIndependent Technical Report for the Las Chispas Operation. The reporthas confirmed strong economics for an eight-year operation generatingaverage annual production of 57 thousand ounces per year and 5.5million ounces during the first seven full years.
ContactDetails
Proactive Investors
+1 604-688-8158
na-editorial@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.