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Silvercrest Metals Inc T.SIL

Alternate Symbol(s):  SILV

SilverCrest Metals Inc. is a Canada-based precious metals producer. The Company is engaged in acquiring, discovering, and developing high-value precious metals projects and operating multiple silver-gold mines in the Americas. The Company’s principal focus is its Las Chispas Operation in Sonora, Mexico. The Las Chispas Operation is located about 180 kilometers (km) northeast of Hermosillo, Sonora, Mexico. The property consists of about 28 concessions totaling 1400.96 hectares (ha). Its El Picacho Property is located about 85 km northeast of the Company’s Las Chispas Project and is comprised of 11 mining concessions totaling approximately 7,060 ha. Its Cruz de Mayo property is located in the State of Sonora, Mexico, about 22 km northwest of the town of Cumpas and 163 km northeast of Hermosillo. The Cruz de Mayo Property consists of two mineral concessions, Cruz de Mayo 2 and El Gueriguito. Its other projects include the Silver Angel Property and the Estacion Llano Property.


TSX:SIL - Post by User

Post by Beabaggageon Jul 07, 2022 9:31am
158 Views
Post# 34807905

weakness makes SIL a hen waiting to be plucked

weakness makes SIL a hen waiting to be pluckedfeels like a decent offer w shares hit hard and silver down could take this out, would make the most sense for Fresnillo w big MX op's, they could use the low cost mine and resource additions..or even another co looking to grab mostly silver like PAAS.   
Long and adding on this weakness.  FED noise and strong US$/ recession talk has to abate tho for any significant recovery outside of a take out offer..not holding for that reason, just like the co/resource/bal sheet post mine/mill buildout and good mgmt.  

Just so we dont get some awful takeout offer like Yamana got from Goldfields or Orla's buy of GSV.  If gold/silver stay range bound or weak here, mergers will happen to lower costs, especially G&A.  Bea 
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