SilverCrest Metals – 2022 Financial Results Show Profitability At Las Chispas In Only 2 Months Of Production, 2023 Catalysts
Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins us to recap the 2022 financial results from the Las Chispas Project in Mexico. The Company announced commercial production on November 1st, 2022. After 2 months of production the financials show Mine Operating Income of over $28million on Revenues of $43million.
We dive into the financials with Chris, discussing profitability, debt reduction, cash growth and forecasts for 2023. Chris drives home the message that the Company is in production and no longer in ramp up mode. When it comes to 2023 plans we discuss debt repayment, a technical report coming in Q2, exploration ramping up in the second half of the year and other catalysts shareholders can look forward to.
If you have any follow up questions for Chris please email Shad and me. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the SilverCrest Metals website to read over the 2022 financial results.
Click here to view the full 2022 Financial Statements.
I’m surprised Chris didn’t highlight the inclusion of SilverCrest into the GDX in December