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The latest announcement is out from SilverCrest Metals ( (TSE:SIL) ).
SilverCrest Metals Inc. announced record sales for the fourth quarter and full year of 2024, surpassing its sales guidance and achieving a significant increase in annual revenue. The Las Chispas operation, which recorded a second consecutive year of exceeding operational expectations, played a crucial role in this success. The company reported a 23% revenue increase from 2023, driven by higher realized prices for gold and silver and efficient operations. Additionally, SilverCrest’s treasury assets grew considerably, marking an 84% increase, while maintaining operational flexibility with a sizable surface stockpile. The company’s progress and robust financial performance underscore its strong industry positioning and operational capabilities.
More about SilverCrest Metals
SilverCrest Metals Inc. operates in the mining industry, focusing on the exploration and production of precious metals, primarily gold and silver. The company is known for its Las Chispas operation located in Sonora, Mexico, which is a key contributor to its market presence.
YTD Price Performance: 2.75%
Average Trading Volume: 2,098,355
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.51B
For detailed information about SIL stock, go to TipRanks’ Stock Analysis page.