SilverCrest Metals - From my Watch List

[dan_s]

October 11: SilverCrest Metals (TSE:SIL) has released an update.

SilverCrest Metals Inc. has announced a definitive arrangement with Coeur Mining, Inc. to be acquired in a court-approved plan, with SilverCrest shareholders receiving a premium of 1.6022 Coeur shares for each SilverCrest share, implying an 18% premium and a total equity value of approximately $1.7 billion. Upon completion, SilverCrest will become a wholly owned subsidiary of Coeur, and its shares will be delisted from the Toronto and NYSE American Stock Exchanges. The transaction is subject to approval by SilverCrest and Coeur shareholders, with completion expected in the first quarter of 2025.

[dan_s]

SilverCrest Metals (TSE:SIL) has released an update.

SilverCrest Metals Inc. reported a record-breaking revenue of $80.4 million for Q3 2024, marking a 10% increase from the previous quarter, driven by the recovery and sale of significant gold and silver quantities from its Las Chispas Operation in Mexico. The company’s operational efficiency and favorable metal prices have positioned it to potentially exceed its annual silver equivalent sales guidance of 10 to 10.3 million ounces. SilverCrest’s robust financials are further bolstered by a 29% increase in treasury assets, now totaling $158.2 million.

[ChuckGeb]

What's the point? The upside has been capped. They sold to a mediocre metals producer at a small premium considering the potential upside in silver prices. I sold my shares soon after the deal was announced. Plenty of better opportunities in the precious metals space.

[mitchl]

I agree Chuck. SilverCrest was a great pick, but I believe the big gains on this one is in the rear view window now.

I still own Heliostar Metals (HSTXF) and Discovery Silver (DSVSF) as *extremely* speculative plays. Do your own due diligence. I have a nice unrealized gain on both at the moment and will continue holding, but there will likely be better entry points especially if there are some misdirection and surprises with the fed rates. Also they are sensitive to political risk like most of these.

[ChuckGeb]

Waiting for Scottie to bring another good one to town. I like Heloistar as well. The producers are going to report some stellar numbers over the next few weeks. I am sorry Silvercrest bailed out. It was a good one with a good business model. Silver is just beginning to shine. Look for platinum and palladium to move up as the unreralistic green movement fades as auto sales move back towards more hybrids and combustion engines return from the vanquished state of the last 4 years.

[mitchl]

4% up move for Silver today bringing it to $33/oz.

[ChuckGeb]

Silver has definitely broken resistance on its way to $38+ imho. Rotation also big time into uranium as a result of the nuclear power alliances with data center developers. As per Doomberg in the previous post, lots of opportunity for gas plants in proximity to Permian, Appalachia, Haynesville for faster track needs.

[aja57]

Seems as if midstream companies have significant upside along with their dividend opportunities.

[ChuckGeb]

I think that is why Antero Midstream is up so much this year without a dividend increase. Just a hunch. Paul Rady plays his cards pretty close to the vest. I think the midstream companies will be the big winners in the next 12 months to 4 years as we hoepfully experience a fossil fuesl renaissance in the coming months.