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.
Hello 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,
No investment advice
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