SilverCrest Metals recovered 14,928 gold ounces in Q3

SilverCrest Metals provided interim operational results for the third quarter of 2024 from the Company’s Las Chispas Operation located in Sonora, Mexico. In Q3, the company recovered 14,928 ounces gold and 1.41M ounces silver, or 2.60Msilver equivalent ounces; Sold 15,204 ounces gold and 1.45 million ounces silver, or 2.66 million AgEq ounces; Generated record revenue of $80.4 million, a 10% increase from Q2 2024; Average realized prices of $2,472/oz gold and $29.48/oz silver, increases of 11% and 6% respectively from Q2 2024; Treasury assets increased 29% from Q2 2024 to $158.2 million, including $120.9 million cash and $37.4 million bullion. N. Eric Fier, CEO commented, “We are pleased to announce another quarter of record revenues, a testament to consistent performance from the Las Chispas Operation, coupled with strong metal prices. With silver equivalent sales of 7.9 million ounces in the first three quarters of the year, we are well positioned to deliver at or above the top end of our 2024 annual sales guidance of 10 to 10.3 million ounces AgEq. Our treasury assets continued to grow with increases to both our cash (up 23%) and bullion holdings (up 56%) leading to an ending position of $158.2 million.