SilverCrest Metals Inc.


Primary ticker: TSX:SIL, NYSE:SILV
Stage of development: Development
Primary minerals: Silver, Gold
Project to promote: Las Chispas
Project location: Mexico

SilverCrest is a Canadian precious metals exploration and development company headquartered in Vancouver, BC, that is focused on new discoveries, value-added acquisitions and targeting production in Mexico’s historic precious metal districts. The Company’s top priority is on the high-grade, historic Las Chispas mining district in Sonora, Mexico, where it has completed a feasibility study on the Las Chispas Project and is nearing completion of construction. Start-up of production at the Las Chispas Mine is on schedule for Q2, 2022. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

Cash: USD$152M

Major shareholders:
Gilder Gagnon Howe & Co LLC – 5.5%
Van Eck Associates Corp – 5.2%
Sprott Asset Management LP – 5.1%
ETF Managers Group LLC – 2.6%
RBC Global Asset Management – 2.2%
Management ownership – 4%

What is your rationale for taking part 121 Mining Investment?

Looking to broaden our shareholder register by reaching a wider audience of differentiated investors.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Completing construction at Las Chispas and Start-up of the Process Plant, Water Stewardship and TCFD Disclosure


6 Months:
First Pour, Process Plant Ramp-Up to 1,250tpd, Advance Community Infrastructure Projects


12 Months: 

First Full Year of Production, Free Cashflow Generation, Ongoing Exploration, Updated Technical Report

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Ramp-Up Risk – Early underground development and stockpiling will take pressure off mine during initial ramp-up
Construction Risk – Nearing completion, strong balance sheet with capital risk decreasing

What do you think makes your company such a compelling investment?

Las Chispas ranks second highest globally on silver equivalent reserve grade.
Low-cost, resilient to cost inflation pressures
Quick Payback – 1 year at conservative prices

What are the top 3 key investor takeaways?

Near Term Production – Processing plant start-up in Q2, 2022.
Fast Payback at Low Prices – Quick transition to financial strength with estimated payback of less than 1 year at spot
A Vehicle with Rapidly Improving Risk Reward Dynamic