TSX: SIL | NYSE American: SILV VANCOUVER, BC, Feb. 6, 2025 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") announces that the Company's securityholders have approved the plan of arrangement (the "Arrangement") with Coeur Mining, Inc. ("Coeur"), whereby Coeur will indirectly, among other things, acquire all of the issued and outstanding SilverCrest shares. The vote was passed at SilverCrest's special meeting of securityholders (the "Meeting") held earlier today.  The Arrangement was a ...

TSX: SIL | NYSE American: SILV VANCOUVER, BC, Feb. 3, 2025 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce the receipt of the clearance decision from the Comisión Federal de Competencia Económica ("COFECE") with respect to the Company's plan of arrangement (the "Arrangement") with Coeur Mining, Inc. ("Coeur"), whereby Coeur will indirectly, among other things, acquire all of the issued and outstanding SilverCrest shares. Pursuant to the Arrangement, SilverCrest ...

TSX: SIL | NYSE American: SILV VANCOUVER, BC, Jan. 31, 2025 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") reminds Securityholders of the upcoming deadline to vote at the Company's special meeting of securityholders (the "Meeting") to be held on Thursday, February 6, 2025 at 10:00 a.m. (Vancouver Time) to approve the plan of arrangement (the "Arrangement") with Coeur Mining, Inc. ("Coeur"). YOUR VOTE IS IMPORTANT – PLEASE VOTE TODAYThe proxy voting deadline is 10:00 am (Vancouver Ti ...

SilverCrest Metals Inc. (NYSE: SILV ) (TSX: 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.If you like this article and are interested in more frequent analysis of my holding companies, real-time notifications on portfolio changes, together with macro and industry analysis. I would encourage you to have a look at my marketplace service, Off The Beaten Path.I ...

2024 Record Sales Exceed Guidance and Drive Record Annual RevenueTSX: SIL | NYSE American: SILVVANCOUVER, BC, Jan. 15, 2025 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to provide interim operational results for the fourth quarter of 2024 ("Q4 2024") and full year of 2024 ("FY 2024") from the Company's Las Chispas Operation located in Sonora, Mexico. All amounts are expressed in U.S. dollars, unless otherwise noted. Certain amounts shown in this news release may not tot ...

The Board of Directors of SilverCrest unanimously recommends that Securityholders vote FOR the Arrangement Resolution.Securityholders are encouraged to vote in advance of the proxy cutoff of 10:00 a.m. (Vancouver time) on February 4, 2025.TSX: SIL | NYSE American: SILV                                                                                       VANCOUVER, BC, Jan. 13, 2025 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") announced today that it has filed its notice of meeting ...

SilverCrest Metals (NYSE: SILV ) is a silver and gold mining company that owns the high-grade Las Chispas mine in Mexico. The company declared commercial production two years ago on Las Chispas, the mine has had an excellentIf you like this article and are interested in more frequent analysis of my holding companies, real-time notifications on portfolio changes, together with macro and industry analysis. I would encourage you to have a look at my marketplace service, Off The Beaten Path.I primarily invest i ...

Revenue and Earnings - Revenue for Q3 2024 reached $80,371,000, a 25.9% increase from $63,828,000 in Q3 2023[4] - Net earnings for Q3 2024 were $9,508,000, a decrease of 68.3% compared to $29,936,000 in Q3 2023[4] - Basic earnings per share for Q3 2024 were $0.06, down from $0.20 in Q3 2023[6] - The company reported net earnings for the nine months ended September 30, 2024, of $49,866,000, up from $35,917,000 for the same period in 2023, indicating a year-over-year growth of approximately 38.8%[11] - Revenue for the three months ended September 30, 2024, was $80.4 million, a 25.9% increase from $63.8 million in the same period of 2023[53] - Gold revenue for the nine months ended September 30, 2024, reached $100.9 million, up 24.0% from $81.4 million in 2023[53] - Silver revenue for the nine months ended September 30, 2024, was $115.8 million, an increase of 13.1% compared to $102.4 million in 2023[53] - The company reported a net income before income taxes of $35.3 million for the three months ended September 30, 2024, compared to $31.2 million in 2023[58] Assets and Liabilities - Total assets increased to $527,066,000 as of September 30, 2024, compared to $460,174,000 at the end of 2023, reflecting a growth of 14.5%[3] - Total liabilities increased to $62,887,000 as of September 30, 2024, compared to $57,849,000 at the end of 2023, a rise of 8.5%[3] - The company reported unrealized foreign currency contract losses of $4,218,000 for the three months ended September 30, 2024[24] - Total liabilities, including accounts payable and accrued liabilities, amounted to $28,467,000 as of September 30, 2024, compared to $17,924,000 at December 31, 2023[20] - The company’s total liabilities as of September 30, 2024, were $62,887,000, with total net assets of $464,179,000[64] Cash and Cash Equivalents - Cash and cash equivalents at the end of Q3 2024 were $120,864,000, up from $85,964,000 at the end of 2023, representing a 40.5% increase[3] - Cash and cash equivalents increased to $120,864,000 as of September 30, 2024, compared to $85,964,000 at December 31, 2023, representing a growth of 40.5%[20] - As of September 30, 2024, the Company reported cash and cash equivalents exceeding government-insured limits, managing credit risk by diversifying holdings with highly rated financial institutions[28] - The Company maintained liquidity with sufficient committed loan facilities to meet short-term business requirements, ensuring financial obligations are met as they come due[29] Expenses - Total production costs for the nine months ended September 30, 2024, were $64.0 million, a 13.9% increase from $56.2 million in 2023[54] - General and administrative expenses for the nine months ended September 30, 2024, totaled $15.0 million, compared to $9.2 million in 2023, reflecting a 62.0% increase[55] - The company recorded a current tax expense of $25.4 million for the nine months ended September 30, 2024, compared to $7.9 million in 2023[58] Share-Based Compensation - The total share-based compensation expense for stock options was $1.3 million for the nine months ended September 30, 2024, compared to $0.9 million in 2023[43] - Share-based compensation on option grants was recorded at $1,295,000 for the period ending December 31, 2023[11] - The outstanding number of Performance Share Units (PSUs) at the end of the period increased to 188, with a fair value of $979,000[46] - The outstanding number of Restricted Share Units (RSUs) at the end of the period increased to 498, with a fair value of $2.4 million[48] Production and Royalties - Mine operating earnings for the nine months ended September 30, 2024, were $125,998,000, up 13.2% from $111,359,000 in the same period of 2023[4] - Mine operating earnings for the three months ended September 30, 2024, were $47,033,000, compared to $37,460,000 for the same period in 2023, marking an increase of about 25.5%[62] - The production and government royalties costs for the three months ended September 30, 2024, were $23,557,000, up from $20,047,000 in the same period of 2023, reflecting a rise of approximately 17.5%[62] Acquisitions and Agreements - SilverCrest Metals Inc. entered into a definitive agreement with Coeur Mining, Inc. for the acquisition of all issued and outstanding shares, subject to regulatory approvals[12] - On October 4, 2024, the company announced a transaction with Coeur Mining, Inc. for an acquisition valued at $1.7 billion, or $11.34 per share, subject to shareholder and regulatory approvals[66] Derivative Losses - The company reported derivative losses of $5,263,000 for the three months ended September 30, 2024, compared to no losses in the same period of 2023[66] - The company recorded derivative losses of $5.3 million and $9.2 million for the three and nine months ended September 30, 2024, respectively, due to currency risk exposure[30] - The company experienced realized derivative losses of $992,000 for the three months ended September 30, 2024[24]

Strong Free Cash Flow Continues, Supporting 29% Growth in Treasury AssetsTSX: SIL | NYSE American: SILVVANCOUVER, BC, Nov. 12, 2024 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce its financial results for the three months ended September 30, 2024 ("Q3 2024"). This release provides additional operational results to supplement the October 10, 2024 release of Q3 2024 operational highlights from the Company's Las Chispas Operation ("Las Chispas" or "Las Chispas Op ...

Record Revenue, Positioned to Meet or Exceed 2024 Sales Guidance TSX: SIL | NYSE American: SILV VANCOUVER, BC, Oct. 10, 2024 /PRNewswire/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to provide interim operational results for the third quarter of 2024 ("Q3 2024") from the Company's Las Chispas Operation located in Sonora, Mexico. All amounts are expressed in U.S. dollars, unless otherwise noted. Certain amounts shown in this news release may not total to exact amounts due to roundin ...