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SilverCrest Metals Inc T.SIL

Alternate Symbol(s):  SILV

SilverCrest Metals Inc. is a Canadian precious metals producer. The Company’s principal focus is its Las Chispas Operation in Sonora, Mexico. The Company is also focused on expanding its resources and reserves, acquiring, discovering, and developing precious metals projects and operating multiple silver-gold mines in the Americas. The Las Chispas Operation is located approximately 180 kilometers northeast of Hermosillo, Sonora, Mexico. The property consists of 28 concessions totaling 1400.96 hectares. Its El Picacho Property is located approximately 85 road kilometers northeast of the Company’s Las Chispas Project and consists of 11 mining concessions totaling approximately 7,060 hectares.


TSX:SIL - Post by User

Comment by tigris72pooon Apr 18, 2023 3:29pm
64 Views
Post# 35401364

RE:RE:RE:something nasty in the woodshed?

RE:RE:RE:something nasty in the woodshed?dilution refers to the grade of ore that goes through the mill compared to the grade in the Feasibility Study and Resource estimates.  The Las Chispas mine has very high grade ore but it is in relatively narrow veins.  So it is possible (even likely) that as the mine ramps up to full production they will find that the most economical way to produce it is to mine wider stopes that contain more waste rock and therefore result in somewhat lower (diluted) grade through the mill.  I am no mining engineer but my understanding is that for underground mines  there is a trade-off between the cost of mining a ton of ore and the grade of the ore.  If you want to mine only the good stuff it will cost more per ton.  Part of the ramping up is to find the optimal combination.  I think that this is still going to be a very profitable mine but some people may have a knee-jerk negative reaction if the AISC is higher or  the grade lower that what was in the Feasibility Study.  
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