SilverCrest Mines Inc. (TSX:SVL; NYSE MKT:SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest’s flagship property is the 100%‐owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high‐grade, epithermal silver and gold producer, with an estimated life of mine of 8 years and operating cash costs of $11 per ounce of silver equivalent (55:1 Ag:Au) for the open pit heap leach and underground mine. SilverCrest anticipates that the new 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average annual rate of 1.5 million ounces of silver and 32,800 ounces of gold over the current reserve. Major expansion and construction of the 3,000 tonnes per day conventional mill facility is nearing completion and is expected to significantly increase metals production at the Santa Elena Mine (open pit and underground) in 2014 and beyond. Exploration programs continue to make new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State with stated resources of almost 200 million ounces of Ag equivalent.
13/03/2013Scott Drever, President of SilverCrest Mines(CVE:SVL), tells Proactive Investors that, as a low-cost producer, the company is in good shape to weather the storm until the markets turn. He also talks about expansion plans for Mexico's Santa Elena mine as well as the new reserve and resource estimates at the site, which are due in early April.
24/01/2013Scott Drever, President SilverCrest Mines (TSX-V:SVL) tells Proactiveinvestors at the VRIC 2013 that its three projects in Mexico, with its "superb" team gives the company excellent opportunities. With around $50mln in the bank and the opportunity to double production in the next 12-18 months Scott says that SilverCrest has all the attributes that investors like to see in a successful company.
01/05/2012Hello friends, subscribers and listeners, I recently had the pleasure of interviewing SilverCrest Mines' (TSX-V:SVL OTCQX-STVZF) COO Eric Fier regarding production increases for silver and gold in Q1 of this year. This has been a great company since its inception and they've done everything they've said they were going to do and more. I encourage you to listen to this broadcast and catch the excitement for yourself. The company currently has an aggressive 80 hole drill program in place for the La Joya property. The flagship Santa Elena property continues to be a revenue generator with strong cash flow even as its own expansion program is underway. Have a great rest of the week. All the best, Ellis
28/02/2012Silvercrest Mines Presentation in Toronto on the One2One Investor Forum on February 27th
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SilverCrest Mines Inc. (TSX: 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 less than US$375 per ounce of gold equivalent. SilverCrest anticipates that the 2,500 tonnes per day facility will produce approximately 35,000 ounces of gold and 600,000 ounces of silver per full production year from the initial open-pit heap leach operation.
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J. Scott Drever - President and Director
Scott Drever has 45 years of geological expertise. He has dealt extensively with strategic planning, mergers & acquisitions, and operations for international mining corporations. Mr. Drever has served as an Executive Officer and Director of a number of public companies listed on the TSX and the TSX Venture Exchange, including Placer Dome Ltd., Blackdome Mining Corp., and Goldsource Mines Inc.
N. Eric Fier, CPG, P.Eng - Chief Operating Officer
Eric Fier has over 25 years of international experience in a senior capacity including exploration, acquisition, development and production of numerous mining projects in Chile, Brazil, Honduras, Mexico and Peru. His background includes project evaluation and management, reserve estimation and economic analysis, as well as operations management. Mr. Fier previously served as Chief Geologist with Pegasus Gold Corp., Senior Engineer and Manager with Newmont Mining Corp., and Project Manager with Eldorado Gold Corp.
Barney Magnusson, CA - Chief Financial Officer
Barney Magnusson has spent more than 30 years in corporate finance and public company management. He has actively been a part of management teams responsible for structuring and building rapidly expanding companies. Mr. Magnusson is a former Senior Officer and Director of three mining companies that developed producing mines: Dayton Mines Inc. (Chile), High River Gold Mines Ltd. (Manitoba, Canada) and Brohm Resources Inc. (South Dakota, USA).
Bernard Poznanski,B.Sc., LLB, LLM- Corporate Secretary
Bernard Poznanski has a broad legal background in corporate finance, mergers & acquisitions and securities law. He has acted for a wide variety of companies listed on the Toronto Stock Exchange, the TSX Venture Exchange, the American Stock Exchange and NASDAQ. Mr. Poznanski is one of the founding partners of Koffman, Kalef and currently heads the firm's securities group.
George W. Sanders - Director
George Sanders has a background spanning almost 30 years in mining and exploration finance. He previously worked as a mining analyst, a stockbroker specializing in resource issues and in managing a wide range of exploration finance activities. Mr. Sanders has held positions with Canaccord Capital Corp., Richmont Mines Inc., Consolidated Cinola Mines Ltd., and Shore Gold Inc. He is currently President and Director of Goldcliff Resource Corporation, a gold explorer focused on new discoveries is historic mining districts.
Graham C. Thody, CA - Director
Graham Thody has spent more than 30 years in corporate finance and public company management. His focus has included audits of reporting companies, IPO's, corporate mergers & acquisitions, as well as domestic and international tax matters. Mr. Thody is a former partner of Nemeth Thody Anderson, Chartered Accountants. He is currently a director of several reporting corporations which are involved in mining exploration and development throughout North, Central and South America.