SilverCrest Metals Inc. (T:SIL)
Business Focus: Non-Gold Precious Metals & Minerals (NEC)
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | Suite 501, 570 Granville Street VANCOUVER BC V6C 3P1 |
| Tel: | 1-604-6941730 |
| Website: | https://silvercrestmetals.com |
| IR: | See website |
| Key People | ||
| Christopher Ritchie President | N. Eric Fier Chief Executive Officer, Director | Anne Yong Chief Financial Officer |
| Pierre Beaudoin Chief Operating Officer | Sean Deissner Vice President - Financial Reporting, Controller | Stephany Fier Vice President - Exploration |
| Tara Hassan Vice President - Corporate Development | Clifford Lafleur Vice President - Technical Services | Bernard G. Poznanski Corporate Secretary |
| Business Overview |
| SilverCrest Metals Inc. is a Canada-based precious metals producer. The Company is engaged in acquiring, discovering, and developing high-value precious metals projects and operating multiple silver-gold mines in the Americas. The Company's principal focus is its Las Chispas Operation in Sonora, Mexico. The Las Chispas Operation is located about 180 kilometers (km) northeast of Hermosillo, Sonora, Mexico. The property consists of about 28 concessions totaling 1400.96 hectares (ha). Its El Picacho Property is located about 85 km northeast of the Company's Las Chispas Project and is comprised of 11 mining concessions totaling approximately 7,060 ha. Its Cruz de Mayo property is located in the State of Sonora, Mexico, about 22 km northwest of the town of Cumpas and 163 km northeast of Hermosillo. The Cruz de Mayo Property consists of two mineral concessions, Cruz de Mayo 2 and El Gueriguito. Its other projects include the Silver Angel Property and the Estacion Llano Property. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, SilverCrest Metals Inc revenues increased from $43.5M to $245.1M. Net income increased from $31.3M to $116.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Foreign exchange (losses) gains decrease from $27.9M (income) to $7.2M (expense). |
| Employees: | 20 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,317M as of Dec 31, 2023 |
| Annual revenue (TTM): | $337.54M as of Dec 31, 2023 |
| EBITDA (TTM): | $210.97M as of Dec 31, 2023 |
| Net annual income (TTM): | $160.72M as of Dec 31, 2023 |
| Free cash flow (TTM): | $147.34M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 146,934,814 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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