Silvercrest Metals Inc. is a mining company focused on the acquisition, exploration, and development of precious metal projects in North America
The company primarily targets silver and gold deposits, utilizing advanced exploration techniques to unlock resource potential in its projects. With a commitment to sustainable practices, Silvercrest aims to create value through responsible mining practices while contributing to the economic development of the regions in which it operates. The company’s efforts are driven by a dedicated team of professionals with experience in the mining sector, working towards bringing high-quality mineral resources to market.
Gold hits record high above $2,790 on dovish central bank moves and demand from safe-haven seeking investors. Fed holds rates steady but hints at potential cuts.
Precious metals have risen strongly to new highs, although the past few hours have seen Gold and Silver give back some of their gains. Gold has reached a new record high at $2450 while Silver has reached a new 11-year high at $32.50.
Mining companies that fail to appreciate that they are literally pulling money out of the ground may continue to disappoint metals investors. But miners who stop being kneejerk “price takers” can expect to be rewarded.
SilverCrest Metals reported strong Q4 and FY23 results, with revenue of $61.3M and EPS of $0.24. FY24 outlook is positive with expected sales of 9.8M-10.2M AgEq oz and AISC of $15.00-$15.90/oz.
Companies Reporting Before The Bell • Ballard Power Systems (NASDAQBLDP) is estimated to report quarterly loss at $0.13 per share on revenue of $34.20 million.
Gainers Adamis Pharmaceuticals Corporation (NASDAQADMP) shares gained 188.8% to $4.13. The stock is now on the Regulation SHO "threshold security" list.
U.S. stocks traded slightly lower, with the Dow Jones dropping around 15 points on Friday. Here are some big stocks recording gains in today’s session.
Companies Reporting Before The Bell • Takeda Pharmaceutical (NYSETAK) is likely to report earnings for its fourth quarter. • Exela Technologies NASDAQ:XELANASDAQXELA)
