SilverCrest Metals – Q2 Financial Results, Holding Gold And Silver Billion, Share Buyback Plans And Growth Plans For The Company’s Growing Cash
Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins me to recap recent news and address the Company’s growth plans to use it’s growing cash reserves.
We start by discussing the market reaction to the recent technical report, released on July 31 (click here listen to our interview recapping the Technical Report). The stocks dropped initially but some of the downward move has been recovered. I ask Chris what he was hearing from large investors post Technical Report.
We then recap the Q2 Financial Results, released August 9th, from the Las Chispas Project in Mexico. The results showed the Company continues to make money, grow its gold and silver bullion holdings and cash reserves. Chris recaps the key numbers and compares the free cash flow numbers to the guidance in the Technical Report.
I also have Chris outline the plans to utilize the Company’s cash reserves, now that the Company is debt free. On the same day as the Q2 results the Company announced a share buy back program. Chris discusses the plans to keep growing the Company’s gold and silver bullion holdings and the $10million exploration program.
If you have any follow up questions for Chris please email me at Fleck@kereport.com.