SilverCrest Metals: A Third Straight Quarter Of Record Revenues
Source: SeekingAlpha
2025-01-15 13:21:45 ET
Summary
- SilverCrest Metals Inc. has shown strong stock performance, driven by excellent operations at Las Chispas mine and a share-based acquisition offer from Coeur Mining.
- Q4 2024 saw a slight production dip but still impressive results, with record revenues of $85M and a significant cash increase.
- The company has a solid financial position with $193M in cash and bullion, and no debt, which might justify a premium valuation.
- Despite its quality, SilverCrest's single asset risk and narrow veins suggest the Coeur acquisition offer at 1.5X NAV is more than fair.
Overview
SilverCrest Metals Inc. ( SILV ) ( SIL:CA ) is a gold and silver mining company that owns the highly profitable Las Chispas mine in Sonora, Mexico. The company is listed in the U.S. and Canada. The reporting currency is U.S. dollars....
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SilverCrest Metals: A Third Straight Quarter Of Record Revenues
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