SilverCrest Reports Drop in Q2 Gold, Silver Recoveries in Mexican Operations

MT Newswires Live07-12

SilverCrest Metals (SILV) said Thursday it recovered 15,303 ounces of gold and 1.46 million ounces of silver, or 2.68 million silver equivalent ounces, from its Las Chispas mine operation in Mexico in Q2.

The Q2 recoveries were lower compared with 16,500 ounces of gold and 1.53 million ounces of silver, or 2.84 million silver equivalent ounces a year earlier.

The miner sold 14,500 ounces of gold and 1.45 million ounces of silver, or 2.60 million silver equivalent ounces in Q2. That compares with sales of 13,400 ounces of gold and 1.45 million ounces of silver, or 2.52 million silver equivalent ounces a year earlier.

SilverCrest said higher gold and silver prices in the quarter drove its Q2 revenue to $72.7 million.

Price: 9.70, Change: +0.16, Percent Change: +1.68

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