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13/03/2013

SilverCrest Mines 'ready to weather the economic storm'

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Additional Information
Market: TSX-V, NYSE MKT
Sector: Platinum & Precious Metals
EPIC: SVL
Latest Price: 1.72  (-4.44% Descending)
52-week High: 2.92
52-week Low: 1.61
Market Cap: 185.72M
1 year chart
1 day chart
SilverCrest Mines
www.silvercrestmines.com

SilverCrest Mines Inc. (TSX-V: SVL) is a Mexican precious metals producer with headquarters based in Vancouver, BC. SilverCrest’s flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. A three year expansion plan is underway to double metals production at the Santa Elena Mine and exploration programs are rapidly advancing the definition of a large polymetallic deposit at the La Joya property in Durango State.