SilverCrest Metals – Q3 Operational Results, Growing Cash, Buying Back Shares, With Exploration Ongoing With 8 Rigs
Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins us to recap the Q3 operational results as outlined in the October 10th news release.
We focus on the production numbers which are in line with 2023 guidance of 9.8-10.2 million oz AgEq sold. We also discuss the Company’s balance sheet which now has zero debt and a growing treasury of $81.7 million ($70.0 million cash and $11.7 million bullion), an increase from $59 million at the end of Q2, 2023. We discuss how this sets SilverCrest apart from the other silver companies, both producers and developers. Finally we discuss the ongoing exploration program, in terms of strategy with 8 rigs drilling.
Disclosure – Shad owns shares of SilverCrest Metals at the time of recording and posting.