Expert Analysis Here's a summary of some recent analyst opinions. GLTA
The Gold Report Interview with David Morgan (8/29/12) "I've always liked SilverCrest Mines Inc. This is one that we've had on the list for a long time. . .the company is undervalued. I believe that it is going to be a good winner for anyone who is in the stock. Doubling a mine's production, even though it's a small one, is quite a difficult thing to do. I've met with the management in Vancouver several times over the last few years. We've also had site visits. I like what SilverCrest is doing. I like the management; they're very serious and know what the margins are. They know where to narrow the costs so the margins will increase." More >
Eric Coffin, HRA Journal(8/27/12) "SilverCrest Mines Inc. continues to perform extremely well at both a production and an exploration level. . .with a resource calculation at La Joya later this year expected to greatly increase the Ag eq resource and continued advancement of plans to double production at Santa Elena, we expect the company will continue to outperform the market as long as gold and silver prices stay strong."
Nicholas Campbell, Canaccord Genuity (8/22/12) "SilverCrest Mines Inc. announced that its shares will be listed on the New York Stock Exchange market with the shares to start trading under the symbol SVLC on Aug. 27, 2012. . .at the minimum, the listing presents the opportunity for the company to expand its shareholder base and increase its trading liquidity, which could help sustain the recent momentum in the shares."
Morning Coffee(8/17/12) "SilverCrest was solidly in the green on a Q2/12 beat, driven by lower-than-expected costs. The company reported adjusted Q2 earnings per share of $0.10 on sales of 124,739 oz silver and 8,679 oz gold, slightly ahead of our estimate of $0.06. . .SilverCrest continues to generate strong operating cash flow and possessed $34.9M in cash at the end of June."
Christos Doulis, Stonecap Securities (8/16/12) "SilverCrest Mines Inc.'s Santa Elena mine has delivered another strong quarter of production and the company remains on track to deliver into its 2012 guidance; SilverCrest remains on track with its plan to double annual production to ~4 Moz Ag eq at Santa Elena by 2014. The expected resource update at La Joya in Q4/12 could also act as a significant catalyst for its shares; we are maintaining our Outperform rating."