RE: Stock price
"""""What I don't understand is why if you go to Yahoo analyst estimates, you get a -23% for the 4th quarter and only a 4% increase for 2013!!!""""""
maybe they are using the 43-101 prices SilverCrest uses
>>>Ag:Au. Metals prices used to determine ratios were US$ 24/oz for Ag; US$ 3/lb for Cu and US$ 1200/oz for Au. Minimum <<<
it makes no sense otherwise, and some pastes/notes
https://www.silvercrestmines.com/news/index.php?content_id=16
The strip ratio for Q2, 2012 remains above the target of 3.9:1
(was 5.46 ratio due to intentionally mining out a low grade zone to reach the high grade zone, now started and through all 2013 when ratio will be 2.0 <<<excellent) Waste / ore ratio 5.46
due to accelerated waste removal under a revised mine planto accommodate additional lower grade material in the footwall of the deposit andto assure access to higher grade ore for the balance of the year.
The average revised strip ratio for 2012 is estimated at 5:1 with projections for 2013 to be less than 2:1.
[ the lower the better for strip-ratio...in this case it took 5 tons to produce X Silver Eq, moving to 2 tons to produce the same X SilEq ]
SilverCrest Mines Q2 earnings soar as revenue rises 87%
15th Aug 2012,
(OTCQX:STVZF) posted a sharp increase in earnings for the second quarter as cash operating costs declined and revenues nearly doubled year-over-year.
For the quarter that ended June 30, comprehensive earnings amounted to $9.2 million, or 10 cents per share, way up from $0.8 million, or 1 cent per share, a year ago.
Cash flow from operations more than doubled in the quarter to $7.2 million, from $2.9 million a year earlier.
Revenues rose 87 per cent to $16.0 million on sales of 124,739 silver ounces and 8,679 gold ounces.
Meanwhile, cash operating cost per silver equivalent ounce sold decreased 16 per cent to $6.94 - below the company's budget of $8.20 per ounce.
Silver sales were 124,739 ounces, versus 70,326 in the year ago period, at an average realized price of $29, down from $39 a year earlier.
All of the company's silver production is unencumbered by hedging arrangements and sold at spot prices.
SilverCrest noted that silver and gold grades of ore loaded on the pad were marginally lower due to lower grades from the open pit and processing of low grade stock pile material.
For the remainder of 2012, the company anticipates a lower strip ratio than in the second quarter, as well as above budget crusher throughput, and higher mine grades.
In the second quarter, the silver miner's working capital rose 64 per cent to $29.6 million, and its cash position stood at $34.9 million at the end of the period.
The company also said it is aiming to maintain its cash operating cost at or below plan of $8.20 per ounce for the rest of the year, as well as its operating cash flow of more than $2 million per month.
Second quarter production was consistent with the company's budget, it said, with 646,553 silver equivalent ounces produced, compared to 310,090 ounces in the same quarter of 2011.
"We are confident in meeting or exceeding our 2012 production guidance of 435,000 silver ounces and 33,000 gold ounces," Drever affirmed.
Earlier this month, the company said its Santa Elena mine expansion remains on schedule, targeting a 100 per cent increase in metal production beginning in 2014.