SilverCrest Provides Q3 2023 Operational Results; Sold 14,500 Ounces Of Gold At An Average Realized Price Of $1,931/oz And 1.53M Ounces Of Silver At An Average Realized Price Of $23.41/oz
Portfolio Pulse from Benzinga Newsdesk
SilverCrest Metals Inc. has released its Q3 2023 operational results, reporting the sale of 14,500 ounces of gold at an average price of $1,931/oz and 1.53 million ounces of silver at an average price of $23.41/oz. The company generated $63.8 million in revenue from these sales. SilverCrest also spent $7.1 million to buy back 1.5 million shares, demonstrating its financial strength and commitment to return shareholder capital. The company remains well funded with $81.7 million in treasury holdings.
October 10, 2023 | 9:07 pm
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SilverCrest Metals reported strong Q3 2023 results with significant gold and silver sales, generating $63.8 million in revenue. The company also bought back 1.5 million shares, indicating financial strength and commitment to shareholders.
The strong Q3 2023 results and share buyback indicate a positive financial position for SilverCrest Metals. This could potentially lead to an increase in investor confidence and a positive impact on the company's stock price in the short term.
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