SilverCrest reports Q3 gold recovered 15,700 ounces

The company: Recovered 15,700 ounces of gold and 1.49 million ounces of silver, or 2.74 million silver equivalent ounces2; Sold 14,500 ounces of gold at an average realized price of $1,931/oz and 1.53 million ounces of silver at an average realized price of $23.41/oz, or approximately 2.68 million AgEq ounces sold generating $63.8 million of revenue. N. Eric Fier, CEO, commented, “Las Chispas continued to perform well in Q3, 2023 with 2.68 million oz AgEq sold for a total of 7.69 million oz AgEq sold in the first nine months of the year. This positions us to deliver on our 2023 guidance of 9.8-10.2 million oz AgEq sold. In August 2023, we filed and launched a Normal Course Issuer Bid and during the remainder of the quarter spent $7.1 million to buy back 1.5 million shares. This demonstrates our financial strength and commitment to return shareholder capital and to continue to invest in our unique and high-quality project. We remain well funded to execute on our Las Chispas growth initiatives with eight drill rigs operating and $81.7 million in treasury holdings ($70.0 million cash and $11.7 million bullion) at the end of the quarter, an increase from $59 million at the end of Q2, 2023.”