The following is a summary of the SilverCrest Metals Inc. (SILV) Q1 2024 Earnings Call Transcript:

Financial Performance:

• SilverCrest Metals reported Q1 revenue of $63.6 million with cost of sales at $26.2 million.

• The company exceeded planned sales, reaching 2.6 million ounces of silver equivalent.

• This generated a net earning of $33.9 million, or $0.23 per share.

• Despite the payment of $26.2 million for 2023 taxes and mining duties, the company reported positive retained earnings of $21.5 million.

Business Progress:

• SilverCrest Metals witnessed strong operational results and financial flexibility in Q1 with lower than planned All-Sustaining-Costs.

• Transitioning to renewable power, especially solar, has begun at Las Chispas.

• The company's exploration efforts are focused on infill and expansion drilling at Las Chispas and nearby deposits.

• They aim to sell 9.8 million to 10.2 million ounces and achieve an all-in sustaining cost within the $15 to $15.90 per ounce range in 2024.

More details: SilverCrest Metals IR

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