Silvercrest
Sehr gute Zahlen wie ich finde. Sehr günstige AISC. Sehr hohe Marge von ca 63 Prozent. Da können die meisten Techfirmen einpacken.
Q2, 2023 Financial Highlights
Sold a total of 13,400 ounces (“oz”) of gold and 1.45 million oz of silver at average realized prices2 of $1,991 per oz gold and $24.36 per oz silver.
Revenue of $62.0 million and cost of sales of $23.7 million, resulting in mine operating income of $38.3 million, which represents a 62% operating margin.
Income of $23.7 million or $0.16 per share, inclusive of an $8.6 million ($0.06 per share) unrealized foreign currency loss.
Net free cash flow3 of $43.7 million or $0.30 per share, supported by the net receipt of value added taxes and deferral of accounts payable and taxes.
Increased cash balance by $7.6 million and bullion holdings by $3.6 million during the quarter, after, sustaining capital at Las Chispas of $10.1 million and retiring $25.0 million of debt.
Cash flow from operating activities before changes in non-cash working capital items of $47.5 million or $0.32 per share.
Cash costs2 of $7.39 per oz silver equivalent3 (“AgEq”) sold and all-in sustaining cost (“AISC”)2 of $12.70 per oz AgEq sold based on accelerated spend towards exploration and for sustaining capital to create operational flexibility.
Ended the quarter debt free with treasury assets2 totaling $59.0 million (cash of $53.4 million and gold and silver bullion of $5.6 million). Access to an undrawn $70.0 million revolving credit facility remains.
Q2, 2023 Operating Highlights
Recovered 16,500 ounces of gold and 1.53 million ounces of silver, or 2.84 million AgEq ounces. Recovered ounces were higher than sold ounces during the quarter, resulting in an increase in work in process and finished goods inventory of approximately 0.3 million payable AgEq ounces.
Underground production mining rates averaged 818 tonnes per day (“tpd”) during Q2, 2023, an increase of 16% compared to Q1, 2023 (707 tpd) and ahead of H1, 2023 expectations of 650 to 700 tpd. The Q2, 2023 rate aligns with Report expectations.
Daily development rates continued to increase in Q2, 2023 averaging 37.8 metres per day (“mpd”) (Q1, 2023 - 31.5 mpd), including 33.4 mpd of lateral development, a level which is expected to increase slightly in H2, 2023.
Daily processing plant throughput averaged 1,186 tpd, a slight increase from Q1, 2023 rate of 1,160 tpd. Processed grades increased from Q1, 2023, averaging 4.84 grams per tonne (“gpt”) gold (Q1, 2023 - 4.06 gpt) and 449 gpt silver (Q1, 2023 - 419 gpt).
Metallurgical recoveries improved over Q1, 2023 with an average gold recovery of 98.4% (Q1, 2023 - 97.5%) and average silver recovery of 97.9% (Q1, 2023 - 91.9%).
Mining contract discussions paused in Q2, 2023 and will resume in earnest now that necessary details outlined in the Report are available. It is expected that these negotiations will be finalized in H2, 2023.
Q2 |
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