Silvercrest Metals (TSE:SIL) has released an update.
SilverCrest Metals Inc. celebrated a robust first full year of commercial production in 2023, surpassing sales guidance, achieving a 61% operating margin, and generating a substantial $121.1 million in free cash flow. Despite expecting a slower cash build in 2024, the company boasts a strong financial position with $105.2 million in treasury assets after paying off all debt and investing strategically. The company’s Q4 results included 2.56 million ounces of silver equivalent sold at low all-in sustaining costs, leading to a 29% quarterly increase in treasury assets.
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