SilverCrest Metals Inc. (T:SIL*CA)

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
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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: $1,533M as of Dec 31, 2023
Annual revenue (TTM): $335.83M as of Dec 31, 2023
EBITDA (TTM): $209.89M as of Dec 31, 2023
Net annual income (TTM): $159.91M as of Dec 31, 2023
Free cash flow (TTM): $146.60M 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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