{"id":526931,"date":"2021-08-11T16:23:07","date_gmt":"2021-08-11T20:23:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/"},"modified":"2021-08-11T16:23:07","modified_gmt":"2021-08-11T20:23:07","slug":"silvercrest-reports-q2-2021-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/","title":{"rendered":"SilverCrest Reports Q2 2021 Financial Results"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <b>TSX:\u00a0SIL | NYSE American: SILV<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-location\">VANCOUVER, BC<\/span>, <span class=\"xn-chron\">Aug. 11, 2021<\/span> \/PRNewswire\/ &#8211;\u00a0SilverCrest Metals Inc. (&#8220;SilverCrest&#8221; or the &#8220;Company&#8221;) is pleased to report the Company&#8217;s unaudited financial results for the second quarter of 2021 (&#8220;Q2, 2021&#8221;). The unaudited condensed consolidated interim financial statements and management&#8217;s discussion and analysis (&#8220;MD&amp;A&#8221;) for the three and six months ended <span class=\"xn-chron\">June 30, 2021<\/span> are available under the Company&#8217;s SEDAR profile on <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3257119-1&amp;h=2748692852&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" target=\"_blank\" rel=\"nofollow noopener\">www.sedar.com<\/a> or on SilverCrest&#8217;s website <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3257119-1&amp;h=3470630115&amp;u=http%3A%2F%2Fwww.silvercrestmetals.com%2F&amp;a=www.silvercrestmetals.com\" target=\"_blank\" rel=\"nofollow noopener\">www.silvercrestmetals.com<\/a>. All amounts herein are presented in <span class=\"xn-location\">United States<\/span> Dollars, unless otherwise stated.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1593072\/SilverCrest_Metals_Inc__SilverCrest_Reports_Q2_2021_Financial_Re.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1593072\/SilverCrest_Metals_Inc__SilverCrest_Reports_Q2_2021_Financial_Re.jpg\" title=\"SilverCrest Metals Inc. logo (CNW Group\/SilverCrest Metals Inc.)\" alt=\"SilverCrest Metals Inc. logo (CNW Group\/SilverCrest Metals Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <b>First Half 2021 (&#8220;H1, 2021&#8221;) Las Chispas Highlights<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>Feasibility Study \u2013<\/b> On <span class=\"xn-chron\">February 2, 2021<\/span>, the Company announced positive results from a feasibility study (the &#8220;Feasibility Study&#8221;) for the Las Chispas Project located in <span class=\"xn-location\">Sonora, Mexico<\/span>. Details of the Feasibility Study, including an updated Mineral Resource Estimate and an initial Mineral Reserve Estimate, are provided in a technical report filed under the Company&#8217;s SEDAR profile entitled, &#8220;NI 43-101 Technical Report &amp; Feasibility Study on the Las Chispas Project&#8221; with an effective date of <span class=\"xn-chron\">January 4, 2021<\/span> (the &#8220;Technical Report&#8221;). The Technical Report was prepared by Ausenco Engineering Canada Inc. and one of its affiliates (together as &#8220;Ausenco&#8221;) with the assistance of several other independent engineering companies and consultants. The Company estimates that the initial capital cost (estimated at <span class=\"xn-money\">$137.7 million<\/span>) and construction schedule (from <span class=\"xn-chron\">January 1, 2021<\/span> to end of construction projected to be in Q2, 2022) outlined in the Feasibility Study for the Las Chispas Project, remains valid.<\/li>\n<li>\n          <b>Construction Tracking on Schedule<\/b> \u2013 At the end of H1, 2021, Las Chispas construction was 33% complete compared to a schedule of 28%. Construction has progressed well with the confined COVID-19 camp facility and earthworks complete, concrete foundation work 74% complete, plant tank construction and key infrastructure projects (powerline, road, and bridge) commenced, underground infrastructure ongoing, and plant detailed engineering 90% complete. Construction progress has benefited from no delays due to COVID-19 or any other reason. For further details on Las Chispas construction, please refer to the Company&#8217;s news release dated <span class=\"xn-chron\">August 10, 2021<\/span>.<\/li>\n<li>\n          <b>Capital Spend In-line with Budget<\/b> \u2013 In H1, 2021, 60% of the <span class=\"xn-money\">$137.7 million<\/span> capital cost estimate was committed, of which 35% has been spent across all capital cost scopes, in-line with budget. A significant component of the initial capital cost is the process plant which is a fixed price Engineering, Procurement, and Construction contract with Ausenco.<\/li>\n<li>\n          <b>Underground Development Well Advanced<\/b> \u2013 During H1, 2021, the Company completed 4.6 kilometres of underground development for a total of 13.1 kilometres since underground development began in Q1, 2019. Access has been established in four (4) veins or areas and 33 in-vein work fronts. The combination of higher productivity, favorable ground conditions, and cost control have contributed to development costs tracking slightly under budget. Overall, development metres are ahead of budget in H1, 2021. For further details on Las Chispas underground development, please refer to the Company&#8217;s news release dated <span class=\"xn-chron\">August 10, 2021<\/span>.<\/li>\n<li>\n          <b>Drill Program at Las Chispas<\/b> \u2013 During H1, 2021, the Company completed 71,556 metres of drilling, with 70% of these metres representing infill holes completed for conversion of Inferred Resources to Indicated Resources to support potential conversion to Mineral Reserves. Infill drilling has focused on areas proximal to planned underground infrastructure which could be considered for mining early in the LOM plan. Results for this drilling are being compiled and will be released in H2, 2021. Completion of an updated Mineral Resource and Reserve estimate, using these results, is targeted for release in 2022. Currently there are 10 drill rigs (eight on surface and two underground) active at Las Chispas.<\/li>\n<\/ul>\n<p>\n        <b>H1, 2021 Corporate Highlights and Subsequent Events<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>Funding Position Remains Strong<\/b> \u2013 As at <span class=\"xn-chron\">July 31, 2021<\/span>, SilverCrest is well funded with cash and cash equivalents of <span class=\"xn-money\">$188.0 million<\/span> (<span class=\"xn-chron\">June 30, 2021<\/span> \u2013 <span class=\"xn-money\">$200.4 million<\/span>) and <span class=\"xn-money\">$90.0 million<\/span> (<span class=\"xn-chron\">June 30, 2021<\/span> \u2013 <span class=\"xn-money\">$90.0 million<\/span>) available under a <span class=\"xn-money\">$120.0 million<\/span> project financing facility (the &#8220;Credit Facility&#8221;). The Company&#8217;s bought deal prospectus offering of a total of 15,007,500 common shares at a price of <span class=\"xn-money\">$9.20<\/span> per common share for gross proceeds of <span class=\"xn-money\">$138.1 million<\/span>, completed on <span class=\"xn-chron\">February 22, 2021<\/span>, contributed significantly to this cash position. To limit the risk and enhance flexibility, SilverCrest expects to drawdown 75% of the Credit Facility by the end of 2021, in-line with the agreed drawdown schedule. This will allow the Company to maintain availability of the remaining <span class=\"xn-money\">$30.0 million<\/span> through <span class=\"xn-chron\">August 2022<\/span>, during ramp-up of the plant through second half (&#8220;H2&#8221;), 2022.<\/li>\n<li>\n          <b>Equity Grants<\/b> \u2013 During the six months ended <span class=\"xn-chron\">June 30, 2021<\/span>, the Company granted 756,000 stock options to officers, employees, and contractors that can be exercised at a price of <span class=\"xn-money\">C$10.87<\/span> per share until <span class=\"xn-chron\">February 25, 2026<\/span>. These options vest over a 3-year period with 33% vesting after each of one year, two years, and three years after the grant date, respectively. In addition, the Company issued a total of 57,000 deferred share units (&#8220;DSUs&#8221;) to directors of the Company. These stock options and DSUs were issued primarily as part of these individuals&#8217; annual compensation.<\/li>\n<li>\n          <b>Stock Incentive Plans &#8211;<\/b> On <span class=\"xn-chron\">June 15, 2021<\/span>, the shareholders of the Company approved the adoption of a new Equity Share Unit Plan (&#8220;SU Plan&#8221;) pursuant to which the Company may grant restricted share units (&#8220;RSUs&#8221;), performance share units (&#8220;PSUs&#8221;) and DSUs. The SU Plan provides for up to 1.5% of the outstanding common shares of the Company from time to time to be issuable to settle share units granted under the SU Plan. With the implementation of the SU Plan, the Company&#8217;s former cash-settled Deferred Share Unit Plan is being phased out and no new awards of DSUs will be granted under that plan. In conjunction with the adoption of the SU Plan, the Board of Directors of the Company reduced the percentage allocation for the Company&#8217;s Stock Option Plan to 5.5% (from 10%) of the outstanding common shares of the Company from time to time.<\/li>\n<li>\n          <b>Appointment of <span class=\"xn-person\">Clifford Lafleur<\/span> &#8211;<\/b> Subsequent to <span class=\"xn-chron\">June 30, 2021<\/span>, the Company appointed <span class=\"xn-person\">Clifford Lafleur<\/span> as Vice President, Technical Services. Please refer to SilverCrest&#8217;s news release dated <span class=\"xn-chron\">July 26, 2021<\/span>.<\/li>\n<\/ul>\n<p>\n        <b>COVID-19<\/b>\n      <\/p>\n<p>The Company continues to adjust to the unprecedented COVID-19 conditions. The Company&#8217;s COVID-19 prevention measures continue to be critical for construction at Las Chispas. Positivity rates prior to site access remained low in H1, 2021 (below 2%) and no serious occurrences have been recorded at site, which has been a key element in maintaining the schedule and budget. SilverCrest has included some contingency in the schedule in the case of a COVID-19 outbreak and this remains unused. Please refer to the MD&amp;A for the three and six months ended <span class=\"xn-chron\">June 30, 2021<\/span> for further information.\u00a0 \u00a0\u00a0<\/p>\n<p>\n        <b>Las Chispas Expenditures<\/b>\n      <\/p>\n<p>During H1, 2021, the Company recorded <span class=\"xn-money\">$27.6 million<\/span> as development expenditures under mineral property, plant and equipment, for the Las Chispas Project, which primarily consisted of:<\/p>\n<ul type=\"disc\">\n<li>decline construction and underground working of <span class=\"xn-money\">$11.4 million<\/span>;<\/li>\n<li>drilling costs of <span class=\"xn-money\">$6.4 million<\/span>;<\/li>\n<li>field and administrative costs of <span class=\"xn-money\">$4.1 million<\/span>; and<\/li>\n<li>salaries and remuneration of <span class=\"xn-money\">$2.1 million<\/span>.<\/li>\n<\/ul>\n<p>The Company also recorded additions, during H1, 2021, of <span class=\"xn-money\">$35.2 million<\/span> related to the Las Chispas Project as mineral property, plant and equipment for various items which was primarily construction in progress.<\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-location\">El Picacho<\/span> (&#8220;Picacho&#8221;)<\/b>\n      <\/p>\n<p>The Company completed 39,771 metres of drilling at Picacho during H1, 2021 and incurred a total of <span class=\"xn-money\">$4.4 million<\/span> for the Picacho property under exploration and evaluation expenditures during this period. As of <span class=\"xn-chron\">June 30, 2021<\/span>, the Company had drilled an estimated cumulative 45,593 metres (169 drill holes) since acquiring the Picacho property in Q3, 2020. Currently there are three surface rigs active at <span class=\"xn-location\">El Picacho<\/span>. Refer to the Company&#8217;s news release dated <span class=\"xn-chron\">February 24, 2021<\/span> for the initial drill results for Picacho.<\/p>\n<p>\n        <b>Financial Results <\/b>\n      <\/p>\n<p>At <span class=\"xn-chron\">June 30, 2021<\/span>, the Company held <span class=\"xn-money\">$200.4 million<\/span> as cash and cash equivalents. The primary factors that contributed to the increase in cash and cash equivalents from <span class=\"xn-chron\">December 31, 2020<\/span> to <span class=\"xn-chron\">June 30, 2021<\/span> include <span class=\"xn-money\">$131.2 million<\/span> generated by financing activities net of associated costs, including the completion of a bought deal prospectus offering on <span class=\"xn-chron\">February 22, 2021<\/span>, for <span class=\"xn-money\">$138.1 million<\/span>, and the exercise of stock options. These cash inflows were primarily offset by <span class=\"xn-money\">$55.6 million<\/span> paid towards mineral property, plant, and equipment. Furthermore, the cash inflows were also offset by <span class=\"xn-money\">$16.5 million<\/span> paid on the Company&#8217;s operating activities, which was primarily made up of <span class=\"xn-money\">$4.4 million<\/span> incurred on the exploration program at Picacho, <span class=\"xn-money\">$2.1 million<\/span> paid on accounts payable and accrued liabilities and <span class=\"xn-money\">$2.7 million<\/span> paid on net value-added taxes. At <span class=\"xn-chron\">June 30, 2021<\/span>, the Company had value-added taxes (&#8220;IVA&#8221;) receivable in <span class=\"xn-location\">Mexico<\/span> of <span class=\"xn-money\">$15.2 million<\/span> (<span class=\"xn-chron\">December 31, 2020<\/span> \u2013 <span class=\"xn-money\">$12.2 million<\/span>). The Company received aggregate IVA refunds of <span class=\"xn-money\">$4.7 million<\/span> during H1, 2021, and <span class=\"xn-money\">$0.6 million<\/span> subsequent to <span class=\"xn-chron\">June 30, 2021<\/span> to the date of this news release.<\/p>\n<p>The Company has financed its operations to date through the issuance of common shares and debt. The Company currently has no operations from which to derive revenues. During the six months ended <span class=\"xn-chron\">June 30, 2021<\/span>, comprehensive loss was <span class=\"xn-money\">$21.7 million<\/span> (H1, 2020 \u2013 <span class=\"xn-money\">$24.7 million<\/span>).<\/p>\n<p>The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. <span class=\"xn-person\">Eric Fier<\/span>, CPG, P.Eng, and CEO for SilverCrest, who has reviewed and approved its contents.<\/p>\n<p>\n        <b>ABOUT SILVERCREST METALS INC. <br \/><\/b>SilverCrest is a Canadian precious metals exploration and development company headquartered in <span class=\"xn-location\">Vancouver, BC<\/span>, that is focused on new discoveries, value-added acquisitions and targeting production in <span class=\"xn-location\">Mexico&#8217;s<\/span> historic precious metal districts. The Company&#8217;s top priority is on the high-grade, historic Las Chispas mining district in <span class=\"xn-location\">Sonora, Mexico<\/span>, where it has completed a feasibility study on the Las Chispas Project and is proceeding with mine construction. Startup of production at the Las Chispas Mine is targeted for mid-2022. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.<\/p>\n<p>\n        <b><br \/>\n          <i>FORWARD-LOOKING STATEMENTS\u00a0 <br \/><\/i><br \/>\n        <\/b><br \/>\n        <i>This news release contains &#8220;forward-looking statements&#8221; and &#8220;forward-looking information&#8221; (collectively &#8220;forward-looking statements&#8221;) within the meaning of applicable Canadian and <span class=\"xn-location\">United States<\/span> securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company&#8217;s exploration programs at the Las Chispas Project and the Picacho Property and the start up of production at the Las Chispas Mine by mid-2022. Such forward looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: impact of the COVID-19 pandemic; the reliability of mineralization estimates, mining and development costs, the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to rehabilitation and drilling programs; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: uncertainty as to the impact and duration of the COVID-19 pandemic; the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company&#8217;s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.<\/i>\n      <\/p>\n<p>\n        <i>N. <span class=\"xn-person\">Eric Fier<\/span>, CPG, P.Eng <br \/><\/i><br \/>\n        <i>Chief Executive Officer <br \/><\/i><br \/>\n        <i>SilverCrest Metals Inc.<\/i>\n      <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA72675&amp;sd=2021-08-11\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/silvercrest-reports-q2-2021-financial-results-301353676.html\">https:\/\/www.prnewswire.com\/news-releases\/silvercrest-reports-q2-2021-financial-results-301353676.html<\/a><\/p>\n<p>SOURCE  SilverCrest Metals Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA72675&amp;Transmission_Id=202108111619PR_NEWS_USPR_____VA72675&amp;DateId=20210811\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire TSX:\u00a0SIL | NYSE American: SILV VANCOUVER, BC, Aug. 11, 2021 \/PRNewswire\/ &#8211;\u00a0SilverCrest Metals Inc. (&#8220;SilverCrest&#8221; or the &#8220;Company&#8221;) is pleased to report the Company&#8217;s unaudited financial results for the second quarter of 2021 (&#8220;Q2, 2021&#8221;). The unaudited condensed consolidated interim financial statements and management&#8217;s discussion and analysis (&#8220;MD&amp;A&#8221;) for the three and six months ended June 30, 2021 are available under the Company&#8217;s SEDAR profile on www.sedar.com or on SilverCrest&#8217;s website www.silvercrestmetals.com. All amounts herein are presented in United States Dollars, unless otherwise stated. First Half 2021 (&#8220;H1, 2021&#8221;) Las Chispas Highlights Feasibility Study \u2013 On February 2, 2021, the Company announced positive results from a feasibility study (the &#8220;Feasibility Study&#8221;) for the Las Chispas Project located in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SilverCrest Reports Q2 2021 Financial Results&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-526931","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SilverCrest Reports Q2 2021 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SilverCrest Reports Q2 2021 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire TSX:\u00a0SIL | NYSE American: SILV VANCOUVER, BC, Aug. 11, 2021 \/PRNewswire\/ &#8211;\u00a0SilverCrest Metals Inc. (&#8220;SilverCrest&#8221; or the &#8220;Company&#8221;) is pleased to report the Company&#8217;s unaudited financial results for the second quarter of 2021 (&#8220;Q2, 2021&#8221;). The unaudited condensed consolidated interim financial statements and management&#8217;s discussion and analysis (&#8220;MD&amp;A&#8221;) for the three and six months ended June 30, 2021 are available under the Company&#8217;s SEDAR profile on www.sedar.com or on SilverCrest&#8217;s website www.silvercrestmetals.com. All amounts herein are presented in United States Dollars, unless otherwise stated. First Half 2021 (&#8220;H1, 2021&#8221;) Las Chispas Highlights Feasibility Study \u2013 On February 2, 2021, the Company announced positive results from a feasibility study (the &#8220;Feasibility Study&#8221;) for the Las Chispas Project located in &hellip; Continue reading &quot;SilverCrest Reports Q2 2021 Financial Results&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-11T20:23:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1593072\/SilverCrest_Metals_Inc__SilverCrest_Reports_Q2_2021_Financial_Re.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silvercrest-reports-q2-2021-financial-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silvercrest-reports-q2-2021-financial-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"SilverCrest Reports Q2 2021 Financial Results\",\"datePublished\":\"2021-08-11T20:23:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silvercrest-reports-q2-2021-financial-results\\\/\"},\"wordCount\":1903,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silvercrest-reports-q2-2021-financial-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1593072\\\/SilverCrest_Metals_Inc__SilverCrest_Reports_Q2_2021_Financial_Re.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silvercrest-reports-q2-2021-financial-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/silvercrest-reports-q2-2021-financial-results\\\/\",\"name\":\"SilverCrest Reports Q2 2021 Financial Results - 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(&#8220;SilverCrest&#8221; or the &#8220;Company&#8221;) is pleased to report the Company&#8217;s unaudited financial results for the second quarter of 2021 (&#8220;Q2, 2021&#8221;). The unaudited condensed consolidated interim financial statements and management&#8217;s discussion and analysis (&#8220;MD&amp;A&#8221;) for the three and six months ended June 30, 2021 are available under the Company&#8217;s SEDAR profile on www.sedar.com or on SilverCrest&#8217;s website www.silvercrestmetals.com. All amounts herein are presented in United States Dollars, unless otherwise stated. First Half 2021 (&#8220;H1, 2021&#8221;) Las Chispas Highlights Feasibility Study \u2013 On February 2, 2021, the Company announced positive results from a feasibility study (the &#8220;Feasibility Study&#8221;) for the Las Chispas Project located in &hellip; Continue reading \"SilverCrest Reports Q2 2021 Financial Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-11T20:23:07+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1593072\/SilverCrest_Metals_Inc__SilverCrest_Reports_Q2_2021_Financial_Re.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"SilverCrest Reports Q2 2021 Financial Results","datePublished":"2021-08-11T20:23:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/"},"wordCount":1903,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1593072\/SilverCrest_Metals_Inc__SilverCrest_Reports_Q2_2021_Financial_Re.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/silvercrest-reports-q2-2021-financial-results\/","name":"SilverCrest Reports Q2 2021 Financial Results - 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