Silvercrest Metals (CA8283631015) (Seite 3)

[Dirkix]

Antwort auf Beitrag Nr.: 75.431.802 von Dirkix am 11.03.24 13:52:48

Zitat von Dirkix: Super Zahlen, schnell nochmal nachgetankt bevor Kanada aufmacht!

Stelle gleich die Zahlen en detail ein!

Keine Schulden, free cash flow von 25mio im Quartal und 120mio im Jahr , 86 Million cash und 20 Million Bullion! GEIL!!!


SilverCrest Reports Fourth Quarter and 2023 Annual Financial Results

Q4 2023
- Recovered 14,100 oz of Gold and 1.34 million oz of Silver, or 2.47 million oz of silver equivalent (AgEq).
- Sold 16,100 oz of Au and 1.28 million oz of Ag, or 2.56 million oz of AgEq.
- Cash costs of $7.45 per oz AgEq sold and Corporate AISC of $14.36 per oz AgEq sold, which was within the H2, 2023 guidance range of $13.75 to $15.50 per oz AgEq sold, but higher than Q3, 2023, primarily due to an increase in capital spend and payments to our outgoing mining contractor.
- Average realized price of $1,979/oz Au and $23.09/oz Ag.
- Revenue of $61.3 million and cost of sales of $24.4 million, resulting in mine operating earnings of $36.9 million, which represents a 60% operating margin.
- Net earnings of $35.9 million or basic earnings of $0.25 per share.
- Free cash flow of $24.1 million or $0.16 per share.
- Ended the quarter with treasury assets totaling $105.2 million ($86.0 million cash and $19.2 million in bullion), a $23.4 million or 29% increase from the prior quarter.


Year ended December 31, 2023
- Recovered 59,700 oz of Au and 5.65 million oz of Ag, or 10.40 million oz of AgEq.
- Sold 58,200 oz of Au and 5.62 million oz of Ag, or 10.25 million oz of AgEq, exceeding 2023 sales guidance of 9.8 to 10.2 million oz of AgEq.
- Cash costs of $7.73 per oz AgEq sold was within the guidance range of $7.50 to $8.50 per oz AgEq sold.
- AISC of $12.58 per oz AgEq sold beat the low end of the 2023 guidance range of $12.75 to $13.75 per oz AgEq sold.
- Average realized price of $1,946/oz Au and $23.48/oz Ag.
- Revenue of $245.1 million and cost of sales of $96.8 million, resulting in mine operating income of $148.3 million, which represents a 61% operating margin.
- Net earnings of $116.7 million or basic earnings of $0.79 per share.
- Free cash flow of $121.1 million or $0.82 per share.
- Financial position remained strong with no debt and treasury assets totaling $105.2 million ($86.0 million cash and $19.2 million in bullion), a $54.4 million or 107% increase from the prior year.
- Fully repaid the $50.0 million Term Facility.
- Repurchased $7.1 million of the Company's shares under SilverCrest's Normal Course Issuer Bid ("NCIB"), representing 20% of the allowable 7.4 million common share purchase limit.

[Schottenanger]

Zahlen 2023

Erfreuliche Zahlen für die Interessierten auf der homepage, war andererseits nach dem letztjährigen Ablauf eh zu erwarten. Man hat in 2023 auch 20% des angekündigten buybacks vollzogen. Das möchte ich angesichts eines Managements, welches sich erwiesenermassen die Hosen selbst anziehen kann, auch nicht von der Sitzbank aus kommentieren. Rundherum schön und mit Blick auf die Preise bei Gold und Silber weiterhin wohl guter Ausblick. Sofern der Umstieg auf neuen Contractor wie erhofft reibungslos klappt, weiterhin positive Effekte.

[Dirkix]

Super Zahlen, schnell nochmal nachgetankt bevor Kanada aufmacht!

Stelle gleich die Zahlen en detail ein!

[Dirkix]

Super Ausblick!!!

SilverCrest Metals Inc. is pleased to announce its 2024 guidance for the Company’s Las Chispas Operation located in Sonora, Mexico. All amounts expressed in U.S. dollars, unless otherwise noted.

N. Eric Fier, CEO, commented, “2023 marked a successful first year of commercial production with Las Chispas exceeding its inaugural sales guidance, leading to full repayment of our debt and a $54.4 million or 107% increase in treasury assets. Despite continued cost pressures we are proud to be delivering sales and cost guidance that is in line with our 2023 Technical Report.
In 2024 we will continue to pursue capital allocation opportunities including exploration, share buybacks, and growth of our bullion holdings. Our new underground mining contractor recently began mobilization and will be fully mobilized to allow for an increase in underground mining rates in Q3, 2024. Working alongside the contractor, we will continue to prioritize a safe and measured ramp-up of the underground operation with a focus on delivering high margin tonnes for processing. This feed will continue to be supplemented by our sizable surface stockpiles through the end of 2025, when the mine is planned to be fully ramped up. We continue to explore at Las Chispas with a focus on converting inferred resources to indicated for reserve consideration in the vicinity of existing or planned infrastructure. In H2, 2024, we will return our exploration focus to discovering, defining, and advancing Las Chispas and regional targets which could extend the mine life.”

2024 Sales and Cost Guidance Highlights
SilverCrest has set its full year 2024 guidance as follows:



The Las Chispas underground will continue its ramp-up through 2024 with a target to exit the year at over 1,050 tonnes per day, in line with the Technical Report. The new mining contractor, Dumas Contracting, arrived at site in early February 2024 to begin mobilization, which is expected to continue through Q3, 2024. 2024 guidance incorporates assumptions related to the transition of contractors and ramp-up of Dumas. A total of $4.5 million in mobilization charges will be paid over the mobilization period with the expense recognized over the life of the five year contract and reflected in AISC during this time.

In 2024, the processing plant will operate at an average of 1,200 tpd except in Q1, 2024 when there is planned maintenance downtime which will reduce plant availability to approximately 85%. This downtime is not expected to impact production in the quarter as ore blending from the underground mine and high-grade stockpile will offset this downtime.

Cash Costs are expected to be $9.50 to $10.00/oz AgEq sold. This compares to 2024 cash costs forecast in the Technical Report of $9.80/oz AgEq sold and 2023 guidance of $7.50 to $8.50/oz AgEq sold.
The major variance from 2023 is the inclusion of Dumas mobilization and demobilization of the outgoing contractor. Cash costs are expected to remain relatively consistent throughout 2024.

Sustaining Capital of $40.0 to $44.0 million will be largely related to underground development and underground infrastructure. 2024 guidance marks a $4.0 million improvement from the Technical Report. The amount of lateral and vertical development has been reduced as part of a more efficient mine plan which still allows mine ramp-up targets to be met.

AISC is expected to be $15.00 to $15.90/oz AgEq sold, which is inline with the 2024 AISC forecast based on the Technical Report of $15.08/oz (inclusive of 2024 mine level AISC of $13.48/oz AgEq sold and an estimate of $1.60/oz AgEq sold of corporate level costs) and 2023 guidance of $12.75 to $13.75/oz AgEq. The major variance is inclusion of Dumas mobilization and demobilization of outgoing contractor which is offset somewhat by the reduction in underground development planned in 2024. AISC is expected to be higher in H1, 2024 than in H2, 2024.

Financial Items
The Company utilized all of its tax loss carryforwards in 2023 as a result of its strong financial performance. As a result, 2024 cash flow will be impacted by payment of Q4, 2023 taxes, 2023 special mining duties, and 2024 quarterly tax payments. In Q1, 2024 SilverCrest expects to make a payment of approximately $28.0 to $30.0 million for 2023 taxes and duties.

Quarterly cash flow in 2024 will include scheduled tax payments with taxes for 2024 estimated to be within a range of $28.0 to $33.0 million. Special mining duties are paid in the first quarter following the end of each fiscal year in accordance with the mandated annual schedule.

A $7.5 million advance was made in Q1, 2024 to support equipment purchases as part of the mobilization of Dumas. This advance will result in estimated savings of $1.5 million over the life of the five year contract. This advance to Dumas will be credited towards mining services for SilverCrest over 24 months starting in Q3, 2024.
Corporate General and Administrative expenses (G&A), before share-based compensation is expected to be within a range of $13.0 to $14.0 million.

Exploration
An exploration budget within a range of $12.0 to $14.0 million has been approved for 2024 with a focus on converting inferred resources to indicated for reserve consideration in proximity to existing or planned infrastructure, return to early stage exploration at Las Chispas, and regionally define new targets that could benefit mine life extensions.

[Schottenanger]

Antwort auf Beitrag Nr.: 75.155.974 von morimori am 24.01.24 12:32:21

Seh ich auch so und auch
nur meine Meinung und keine Beratung.
Bei 29% mehr im Kasten nach dem Q3/2023 und damit gesamt 105 Mio. Ende 2023 und unter weiterer Berücksichtigung - nicht nur des Ablaufs der letzten Jahre- nicht ganz unerträglich. Gibt halt Läden, die schaffen.
Ob man nun eine Dividende zahlt und/oder Scheine zurückkauft (wie angekündigt und teilweise erfolgt) , vielleicht nicht ganz abwegig bei den absurden Kursen in der Branche- mag das Management - so seh ich das- in einer extrem erfolgreichen Firma möglicherweise sinnvoll als Aufgabe sehen und bewältigen. Die eher schrägen Bewertungen/Kurse der Branche laden erfolgreiche Firmen mit coolem Management schon ein.
Mir ist das ziemlich egal
Wir Investierten können da recht gelassen auf dem Zaun hocken. Hab zwar im vergangenen Jahr nach Möglichkeit aufgestockt, hätte aber gerne mehr sein dürfen.
Sollte der Silberpreis laufen, haben wir bei einem break even von 17/18 bei dem momentanen output bei jeder Erhöhung von USD 1.- wieviel ...? UNd wenn es denn nicht so ist in diesem Jahr, dann ... trotzdem
Die Firma hat momentan (23.01.2024 ) total shares 145.81 mio Auch da( ! )kann man natürlich arbeiten.
Als Laie und das auch nach Jahrzehnten fehlt mir halt die Expertise der Experten und eine ganze Menge an Technik, aber dafür hab ich schon Spass. Versuch halt nach jeweils langjährigen Betrachtungen zu einzelnen Läden das Management zu beurteilen in meiner alleinigen Sicht.
Also lass ich mal 2024 aus dem Tunnel kommen.
Eine Übernahme kann man natürlich hier nicht ausschliessen und auch hier bin ich schon recht gelassen. Die Butter bleibt auf dem Brot !

[morimori]

Meine Meinung und keine Beratung zu Kauf oder Verkauf

Gute Preise bei Gold (durchschnittliche realisierte Preis von 1.977 US-Dollar / Unze Gold)
Durchwachsene bei Silber (23,09 US-Dollar / Unze Silber,)
das obere Ende unserer Umsatzprognose klingt auch gut.

In der Personalpolitik gibt es Kontinuität.

Wir freuen uns auf unsere Verkaufs- und Kostenprognosen 2024 und weitere Details zu dem neuen Untertageminenvertrag später im 1. Quartal 2024."

Wir hoffentlich auch.

Somit scheint es zu laufen.Wenn Goldpreis und Silberpreis sich ordentlich entwickeln, stehen gute Zeiten vor der Tür.
Die Firma wird mehr Geld verdienen und mehr Gold und Silber rausholen.
Übernommen werden könnte man auch.

Nur zur Zukunkt hält man sich bedeckt, wie zur Dividende.

[Dirkix]

SilverCrest Provides Fourth Quarter and Annual Operational Results, Management Update and Conference Call Details

VANCOUVER, BC, Jan. 23, 2024 - SilverCrest Metals Inc. is pleased to provide operational results for the fourth quarter of 2023 and full year of 2023 from the Company's Las Chispas Operation located in Sonora, Mexico. Full disclosure of FY 2023 financial results will be included in the Company's audited consolidated financial statements for the year ended December 31, 2023 which will be released on March 6, 2024. 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 rounding differences.

Q4, 2023 Operating Results and Sales
- Recovered 14,100 ounces of gold and 1.34 million ounces of silver, or 2.47 million silver equivalent ounces.
- Sold 16,100 ounces of gold and 1.27 million ounces of silver, or 2.56 million AgEq ounces.
- Average realized price of $1,977/oz gold and $23.09/oz silver generating $61.3 million of revenue.

2023 Operating Results and Sales
- Recovered 59,700 ounces of gold and 5.65 million ounces of silver, or 10.40 million AgEq ounces.
- Sold 58,200 ounces of gold and 5.62 million ounces of silver, or 10.25 million AgEq ounces, ahead of 2023 sales guidance of 9.8 to 10.2 million ounces AgEq.
- Average realized price of $1,945/oz gold and $23.48/oz silver generating $245.1 million of revenue.

At the end of the quarter our treasury holdings totaled $105 million ($86 million cash and $19 million bullion), a 29% increase from the end of Q3, 2023.

https://finance.yahoo.com/news/silvercrest-provides-fourth-q…

[Dirkix]

Don Durrett: Silvercrest Metals: My #1 Pick For 2024
Dec. 28, 2023

Summary
Silvercrest Metals is a unique silver miner with a clean balance sheet, low costs, and solid free cash flow, making it a high-flyer as silver prices rise.
The company stands out from its peers due to its lack of significant debt and high costs, making it the highest-rated silver miner in the database.
The potential for a breakout in the silver market, coupled with the company's strong fundamentals, makes Silvercrest an ideal investment for those betting on higher silver prices.

Introduction
Silvercrest Metals (NYSE:SILV) is a new mid-tier silver producer. Previously, they focused on exploration. However, they pivoted to production after the discovery of the Las Chispas deposit in Mexico.

Silvercrest is unique in that they have a clean balance sheet, low costs, and are generating solid FCF (free cash flow). Silver miners are rare, and silver miners with these characteristics are even rarer. In fact, Silvercrest is currently in a league of its own. I think these characteristics set it up to be a high-flyer as silver prices rise.

Nearly all of its peers have significant debt, high costs, or both. Silvercorp is perhaps the one silver miner that can match up with Silvercrest; however, who wants China exposure? That risk removes Silvercorp as a true peer.

From a risk-reward standpoint, Silvercrest stands out. It's the highest-rated silver miner in my database for that reason. Best in class.

I suppose you can compare Silvercrest to the two silver miner ETFs, which are SIL and SILJ. The question you have to ask yourself is will these ETFs match Silvercrest's performance? I would say no, but they do offer less risk. If you are more on the conservative side, then ETFs might be your go-to stocks.

Buying a silver miner is really a bet on higher silver prices. If you don't expect silver to rise substantially, then they don't make sense from a risk-reward perspective. These are highly volatile stocks that can easily lose money. Conversely, if silver rises, the leverage can give you 100% returns in a single year.

If you look at the silver chart (see below), it has been in a 3+ year correction, after running from $18 to $29 in 2020. It is my belief that we are on the verge of a breakout, and I will state my reasons why. If silver does break out, then Silvercrest is an ideal place to participate.

While silver has been in 3-year correction since it's last run from April 2020 to July 2020, it also had an 8-year basing from 2013 to 2020. Technically, this is a powerful setup, and one that should not be ignored.

If silver can get above $27, there is a very good chance it could make a run at $30. And if it can get above $30, there is very little resistance above that level. There is a little bit of resistance at $35/$36, but that's it. In fact, I expect silver to run from $30 to $50 within 6 months after $30 is breached. Will that happen in 2024? My guess is yes, and here is why.


Holding Silvercrest Metals seems like a no-brainer to me, both from an alpha standpoint and a hedge standpoint. I expect it to rise 100% or more in 2024, 2025, and 2026. Over that 3-year period, if it does not rise 500%, I will be surprised. It is perhaps one of the most asymmetrical bets (the probability or outcome of a trade has more profit than loss or risk taken to achieve the profit) you can place today.

Why do I expect such large returns? Simply put, I see the debt bubble beginning to pop in 2024 when the recession transpires (my expectation, which has historical odds in its favor). That popping sound will lead investors to gold as both a hedge and alpha play. Then, as gold rises, silver will come along for the ride (it always does). Why will silver rise with gold? Because most investors cannot afford gold, so they buy silver instead.

I expect the recession to begin in either Q1 or Q2 2024. Once the selling begins on Wall St, gold (and silver) will initially fall. However, at some point (S&P 3800 to 4000?), the fear trade will ignite, and gold (and silver) will decouple from the stock market and begin to trend higher.

One final point. We have not experienced the fear levels that existed in 2008 since that time. Note that it was these fear levels that pushed gold from below $1000 to $1935 from 2009 to 2012. It is my belief that those fear levels will return with this recession. That will be the trigger for gold (and silver).

Company Overview
Silvercrest Metals is a silver miner in Mexico. In 2022, they began production at their large silver/gold mine in Mexico. Las Chispas is a monster project. It has 6 miles of underground workings and 14 known veins. The resource size is 130 million oz (550 gpt silver equivalent including gold) and growing in size. They now have an FD market cap of $1 billion. Amazingly, it's still cheap. They don't have a second mine to build, but Las Chispas is growing in size and should extend the 8-year mine life. They already have solid drill targets to add two years to the mine (converting M&I resources into reserves). I expect this to be at least a 12-year mine and perhaps much more.

Amazingly, they already paid off the capex. It took less than a 1 year. They have $80 million in cash and bullion and no debt. Plus, they are generating sold FCF (free cash flow) with break-even costs of around $17 per oz (AISC of $11.45 last Qtr). They are producing 10M oz's annually, so at current silver prices of $24, that is 10M x $7 = $70M a year. But consider how much leverage they have for each dollar that silver rises.

They only mine gold and silver, which decreases their risk for base metal prices. The head grade is currently around 700 gpt AGEQ (including gold). The overall resource, including inferred, is 550 gpt AGEQ (including gold). That is an excellent grade. This is a strong company with very good management, with keen exploration skills. Their strategy now is to find and develop mines. The only red flag for this stock (other than location risk in Mexico) is they don't have a large number of insiders, thus making them a takeover target. We don't want a major or large mid-tier to acquire it for a small premium.

Ideally, I would like to see a company of the same size merge as equals, and one with strong insiders. Aya or Gogold seem like good fits.

They are shareholder-friendly and are currently buying back shares.

Company Info
Cash: $80 million.
Debt: None.
Current Silver Resources: 130 million oz. AGEQ (including gold)
Current FCF Multiple: 14
Estimated Future Silver Reserves: 150 million oz.
Estimated Future Silver Production: 10 million oz.
Estimated Future Silver All-in Costs (breakeven): $20 per oz.
Estimated Future FCF Multiple: 18.
Scorecard (1 to 10)
Properties/Projects: 8
Costs/Grade/Economics: 8
People/Management: 8
Cash/Debt: 8
Location Risk: 7
Risk-Reward: 9
Upside Potential: 8


https://seekingalpha.com/article/4660073-silvercrest-metals-…

[Dirkix]

Kaufempfehlung Platz 7 der Best Junior Silver Mining Stocks To Buy Now

7. SilverCrest Metals Inc. (NYSE:SILV)
Number of Hedge Fund Investors In Q3 2023: 12

SilverCrest Metals Inc. (NYSE:SILV) is a gold and silver company headquartered in Canada and with operations in Mexico. Unlike other precious metals companies, the firm's third quarter saw its revenue grow slightly by $1.8 million annually.

Insider Monkey's third quarter of 2023 survey covering 910 hedge funds revealed that 12 were the firm's shareholders. Eric Sprott's Sprott Asset Management was the biggest SilverCrest Metals Inc. (NYSE:SILV) investor due to its $44.6 million stake.

https://finance.yahoo.com/news/12-best-junior-silver-mining-…

[gershares]

https://ca.investing.com/news/stock-market-news/silvercrest-…
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