Beursonline.nl

[verwijderd] 12 november 2013 09:39

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SVLC zal snel van de huidige 2.4 mil oz groeien naar 10 mil oz. Huidige cash cost silver oz $ 7,80

Jordan Roy-Byrne, The Daily Gold "SilverCrest Mines Inc. a few weeks ago announced its first PEA on its La Joya project. . .the project would produce an average of nearly 4 Moz Ag eq over nine years. . .with the current expansion at Santa Elena coupled with future production at La Joya, the company has the assets to become a 10 Moz Ag eq producer."

[verwijderd] 14 november 2013 11:14

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interessante artikelen.

Ik heb eens goed naar SVLC gekeken en is inderdaad zeer interessant. Sterke groeiprognose, zeer gezonde balance sheet en maken hoog rendement ook bij huidige metaalprijzen. SVLC zal ook opgenomen worden in de junior mining index binnenkort zoals het er nu uitziet. Dit geeft zeer mooi vooruitzicht voor dit fonds. Koers/winst slechts 8x wat extreem laag is tov de vooruitzichten. Ik ben dan ook zeer positief over Silvercrest Mining.

Ook SLW is interessant als de metaalprijzen verbeteren als streaming company. FVI laat interessante ontwikkeling zien en blijf ik volgen.

[verwijderd] 14 november 2013 18:11

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SilverCrest Reports Q3, 2013 Financial Results
Cash Flow from Operations of $7.1 million ($0.07 per share)
Net Earnings $3.71 million ($0.03 per share)

FINANCIAL HIGHLIGHTS OF Q3, 2013, Compared to Q3, 2012:

Cash flow from operations (1) decreased 30% to $7.1 million ($0.07 per share)./li>
Cash operating cost per silver equivalent ounce sold (2) increased 5% to $7.96.
All-in sustaining cash costs per silver equivalent ounce sold (3) decreased by 23% to $10.41.
Revenues reported - IFRS (4) decreased 18% to $13.7 million.
Sales of 204,947 ounces of silver, another quarterly record, were up 35%.
Sales of 7,522 ounces of gold were down 5%.
Realized metal prices for ounces sold – silver price fell 31% to $22/oz and gold price fell 21% to $1,346/oz.
Bullion inventory at September 30, 2013, included 53,131 ounces of silver and 1,819 ounces of gold.
Net earnings amounted to $3.71 million ($0.03 per share), compared to $1.26 million ($0.01 per share).
Cash and cash equivalents totaled $24.1 million (at September 30, 2013) after capital investments of $14.4 million.
Working capital was $30.9 million at September 30, 2013.

[verwijderd] 14 november 2013 18:47

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Zeer goede cijfers ondanks dat de zilverprijs is gedaald van zo'n $28 naar $21.

De "markt" neemt het ook goed op.

Price: $1,73|Change: 0,12|% Change: 7.45%
Volume: 83,200 | Day High/Low: 1,74/1,61 | 52 Week High/Low: 2,90/1,19

[verwijderd] 15 november 2013 06:35

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OUTLOOK

SANTA ELENA OPERATIONS

SilverCrest's immediate focus is to continue its efficient operation of its flagship Santa Elena low cost open pit silver and gold mine. Operations are running smoothly with open pit producing high grade benches with gold and silver grades reaching daily highs of 5.8 gpt and 175 gpt respectively. The Company is confident that it will achieve market guidance production costs of less than $8.50 per ounce AgEq and metal production for 2013 of 30,000 ounces of gold and 725,000 ounces of silver.

SANTA ELENA EXPANSION PLAN

Construction of the 3000 tpd conventional mill and facilities is proceeding according to schedule with the exception of delivery of the ball mill from the manufacturer. The mill is expected to arrive on site the last week of November resulting in a possible delay of initial start up until February. Production from the open pit heap leach portion of operations will continue until the mill is fully operational.

Underground development of the Santa Elena Main Zone is proceeding on schedule with development of the zone being established at several levels for the initial production stopes. Detailed mine plans are being finalized that will optimize grade and ore recovery.

CORPORATE

Mexico is pursuing changes to its tax laws that would impact the financial performance of the Company. Among several other tax changes and administrative proposals, the Mexican government intends to initiate a 0.5% royalty on gross revenues from the sale of gold and silver and a 7.5% royalty on earnings before interest, tax, depreciation and amortization ("EBITDA"). The Company is working with its tax and legal advisors to determine the ultimate impact of the changes in order to mitigate the overall impact.

[verwijderd] 15 november 2013 19:30

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www.stockhouse.com/news/press-release...

[verwijderd] 15 november 2013 19:58

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www.northernminer.com/news/silvercres...

[verwijderd] 15 november 2013 20:00

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"Royalties are always a concern"
SilverCrest CEO digs into La Joya PEA

TEXT SIZE bigger text smaller text
2013-11-06

SPOKANE, WA — When it comes to positive stories about juniors transitioning to producers over the past few years, not many stand out like Vancouver-based SilverCrest Mines (TSXV: SVL; NYSE-MKT: SVLC) and its staged build out at the Santa Elena gold-silver operation 150 kilometers due northeast of Hermosillo, Mexico.

Following a successful US$65-million mill expansion at Santa Elena — which will see the mine humming along at around 3,000 tonnes per day starting in Jan. 2014 — SilverCrest will now turn its eye to another potential mine at its La Joya deposit, located 75 km southeast of Durango.

In late October the company released a preliminary economic assessment (PEA) on La Joya's "starter pit", with a specific focus on limiting capital expenditures by following a similar development template to the one it established at Santa Elena.

During Cambridge House's annual Silver Summit, The Northern Miner had a chance to sit down with SilverCrest chairman and CEO Scott Drever to discuss the company's measured growth strategy, as well as how La Joya is shaping up to be SilverCrest's next success story.

According to Drever, the company set out a list of rough criteria for its PEA, which was largely driven by capital concerns and prevailing market conditions. SilverCrest determined that La Joya's value could be maximized through a ten-year mine life, a stripping ratio of around three to one, and with development costs that provided realistic opportunities for internal fund raising.

“I think in these markets development decisions mostly centre on what you can realistically do. Obviously in this day and age the high-cost projects are in disfavour, and those kinds of things take that calibre of project development out of our wheelhouse.” Drever explains.

“We looked at La Joya, and it’s quite definable in how you can step back and do a smaller initial operation. And we really wouldn't be where we are right now if we hadn't gone with that initial step at Santa Elena because cash flows almost completely financed the transition into a conventional mill and underground mine. If we've done it once, we should know how to do it a second time,” he continues.

SilverCrest settled on a 5,000 tonnes per day mine, which would produce 35 million payable silver equivalent oz. over a 9 year life — consisting of 19 million oz. of silver, 53,000 oz. of gold, and 93 million lbs. of copper in concentrate — at cash costs of around US$10 per oz. The development would carry a US$141 million price tag, and features a desirable stripping ratio at around 2.6 to 1.

Assuming US$22 per oz. silver, US$3 per lb. copper, and US$1,200 per oz. gold, La Joya would carry a US$93 million after-tax net present value (NPV) at a 5% discount rate, along with a 22% internal rate of return (IRR) and a 2 year payback period. The operation would generate around US$343 million in pre-tax cash flow, including US$60 million annually over its first four years.

[verwijderd] 15 november 2013 20:02

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La Joya's start-up phase will focus on a small slice of its global inferred resource, which totals around 127 million tonnes grading 23.5 grams silver per tonne, 0.22 gram gold per tonne, and 0.19% copper at a 15 grams silver equivalent cut-off. SilverCrest's initial high-grade pit will include around 16.5 million tonnes averaging 51 grams silver, 0.21 gram gold, and 0.34% copper under a 60 grams silver equivalent cut-off.

“What the PEA does not cover is that the operation produces an extremely attractive copper concentrate. So I think there's an opportunity there to finance on that copper,” Drever points out, also noting a large tungsten resource that could impact project economics. There are around 97,600 inferred tonnes grading 0.055% WO3 and 0.016% molybdenum hosted in La Joya's Contact zone.

“We haven't addressed that tungsten in the resource, but it could also finance a lot of things. There's an opportunity for an off-take there as well. We're doing more metallurgy now, and we've got to see whether the tungsten will come out as a float, as gravity, or as both. So we need to see how we can fit that into the mill,” he explains.

Drever also points out two other areas where SilverCrest will look to further optimize La Joya's economics heading into its feasibility phase. The most important will involve in-fill drilling to upgrade inferred resources to the indicated category. The company's data points are currently quite widely spaced, so there are a number of areas classified as waste, which will likely transition into ore as drilling density increases.

The second initiative involves metallurgy, and centres on arsenic, bismuth, and antimony content at La Joya that could carry smelter penalties. Drever explains that there isn't much to be done about the bismuth and antimony, but SilverCrest is tweaking its metallurgical studies in a bid to further manage any penalties imposed by the arsenic credits.

“We'll see how the markets develop over the next six months because our next moves at La Joya will really be discretionary in nature regarding expenditures,” Drever continues, explaining that the company is in good financial shape due to US$2.5-million per month cash flows from operations.

“We have a big capex program sort of winding down at Santa Elena. So I'd like to see that complete, and get the mill up and running. After that we'll look to see what we'll do with La Joya,” he adds, speculating that SilverCrest would aim to get drills turning on an in-fill program at the project by June 2014.

One issue that looms large at the Silver Summit is a proposed 7.5% mining tax currently under discussion in Mexico's parliament. Drever acknowledges the proposal is definitely a cause for concern, and says a number of the company's shareholders have contacted him with inquiries regarding potential impacts at Santa Elena, as well as the development schedule at La Joya.

“Royalties are always a concern, and over my fifty years working in this business I've been run out of so many countries due to adverse government-instituted conditions,” Drever adds. “You'd think the politicians would learn from history, but when I look around the world I'm amazed that governments are so often unaware of unintended consequences.”

But for now SilverCrest can focus on completing its ramp-up at Santa Elena, and move towards a development decision at La Joya, which it envisions could be in production by 2017. The company reported around US$30 million in cash and equivalents at the end of June, and intends to try and self-finance La Joya via a combination of cash flow, debt, and potential off-take agreements.

SilverCrest has traded within a 52-week window of $1.19 and $2.96, and closed at $1.69 per share at the time of writing. The company has been on the rise over the past four months, as its shares have jumped roughly 17%, or 25¢, since early July. SilverCrest maintains 108 million shares outstanding for a $184 million press-time market capitalization

[verwijderd] 16 november 2013 08:40

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Het volgende artikel is van 15 Okt. 2013, maar zeker interessant.

If I Had To Pick Just 1 Silver Miner, SilverCrest Mines Is It

By Steve Nicastro, Oct 15, 2013

A friend of mine asked me the other day, "If you had to choose to invest in just one silver mining stock going forward, which would it be?" It didn't take me too long to respond to his question. I told him SilverCrest Mines (SVLC), with great confidence.

I believe shares of SilverCrest mines present a great value at current prices and I think the best is yet to come. This is a silver/gold miner that will survive this period of depressed precious metals prices and will come out very strong when prices do eventually recover.

Company Overview

- SilverCrest Mines owns and operates the 100%?owned Santa Elena Mine in the State of Sonora, México. The mine is a 2,500 tonnes per day open pit heap leach operation which is expected to yield 625,000 ounces of silver and 33,000 ounces of gold in 2013, for a total of 2.4 million silver equivalent ounces. Santa Elena first reached commercial production on July 13, 2011.

- Santa Elena is a very high-grade gold and silver mine, one reason why the company is able to mine precious metals at a lower cost than its peers.

- The company is undergoing an aggressive expansion plan to increase production next year. While the mine only has an estimated mine life of 8 years (previously 6.5 years before recent drilling), the company has been very successful in exploration and I believe the life of the mine can be extended further.

- The company aims to bring production at Santa Elena to 3.5 million silver equivalent ounces next year. The company's long-term goal is to produce more than 10 million silver equivalent ounces a year from both Santa Elena and the La Joya project. I will discuss how the company plans to do this later on.

Share Structure and Stock Price

- Silvercrest shares trade on the TSX under SVL.V and on the AMEX under the symbol SVLC.

- The company has 108 million shares outstanding with 6.3 million options for a fully diluted share count of 115 million. With 108 million shares outstanding and a current share price of $1.58, Silvercrest has a market cap of $172 million.

- The company has no warrants outstanding, which is somewhat rare for a small cap mining company. For example, Aurcana Corporation (AUNFF.OB), one of its competitors, has over 10 million warrants outstanding. Warrants are often included in an equity financing and they are dilutive to shareholders, so I see it as a positive that Silvercrest has zero warrants issued.

- One way SilverCrest was able to get into production with minimal dilution was by a stream financing agreement with Sandstorm Gold (SAND). Sandstorm gets 20 percent of the life of mine gold production at Santa Elena at a price per ounce of $350. For the stream, Sandstorm gave SilverCrest $12 million cash and 700,000 common shares of Sandstorm Gold. The stream was acquired in May of 2009.

As a Sandstorm shareholder and a future shareholder of Silvercrest, I believe this agreement has been a great deal for both companies. Sandstorm only invests in projects and management teams that they are really confident in, so I see this as a third-party validation of the quality of both the Santa Elena mine and the management team.

[verwijderd] 16 november 2013 08:43

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Silvercrest - Outperforming its Peers

- Silvercrest shares are down 37.7 percent this year, compared to a decline of over 50 percent in the Silver Miners Index (SIL).

- You will see in this chart below that, while the damage has been quite brutal for the silver miners, Silvercrest has outperformed all of its peers. Here I've compared Silvercrest to the SIL, as well as fellow Mexican miners Great Panther Silver (GPL), Endeavor Silver (EXK) and First Majestic Silver (AG), which, besides Silver Wheaton (SLW), is considered by many to be the best silver stock out there.

Silver Wheaton, with its streaming model which produces cash costs less than $6 per silver ounce, is the only silver stock that comes close to Silvercrest.

- This one chart is one example of how great of a job the management team at SilverCrest is doing.

Below are three main reasons why I believe Silvercrest has outperformed its peers and why I believe they will continue to do so going forward.

#1 Profitable, Even at Current Precious Metals Prices

- For the second quarter of 2013, Silvercrest reported cash flow from operations of $5.58 million with an impressive all-in sustaining cost per ounce of $13.26. The company sold 647K of silver equivalent ounces, putting them on track to beat their 2013 full-year estimate of 2.4 million ounces.

- The company reported net earnings of $2.87 million or .03 cents per share. You can make a strong case that the company is undervalued at current prices. The current P/E for Silvercrest is just 6.99. Analysts estimates for full-year 2014 are earnings of .21 cents a share, giving the company a forward P/E ratio of just 7.5. For comparison, Endeavor Silver has a P/E of 15.84 and First Majestic Silver has a P/E of 17.02.

- Perhaps most impressive, the company reported an average cash operating cost of just $7.80 per silver equivalent ounce for the quarter and an all-in sustaining cost per ounce of $13.26, which is well below the industry average of $22-24.

these results came with the price of silver at three-year lows of $22 an ounce. The bottom line is while most silver miners are struggling to record a profit, SilverCrest is.

#2 Massive Reserve Base and Production Upside

- SilverCrest has 37.7 million silver equivalent ounces in reserves with 16.7 million in the indicated category, plus 223 million ounces in the inferred category, for a total resource base of over 276 million silver equivalent ounces.

- The chart below will show you that the growth of SilverCrests' reserves since 2006 has been quite massive. In 2006, the company had just 17.5 million in total silver equivalent ounces. By 2013, that number has grown to the current total of 276 million, with the biggest growth spurt coming in the past year.

- SilverCrest has a current enterprise value of $145 million (Market cap of $172 million minus cash and equivalents balance of $29.6 million).

- Based on these numbers, the market is placing a value on SilverCrests' reserves of just $1.90 per silver equivalent ounce, which is lower than the industry average of $3-5 an ounce.

*St. Elena Expansion Upside

- As on June 30, 2013, 65 percent of the budgeted 2013 capital cost has been committed, with the expansion on time and on budget. The scheduled mill start up date is January 2013. A total of $16 million remains in the Santa Elena expansion after 2013, with $66 million budgeted for 2013.

- With working capital of $41.6 million and an undrawn line of credit of $40 million available, the company has more than enough money to complete this expansion without having to issue equity or taking on debt.

- Pre-feasibility results for the Santa Elena expansion were released in April 2013. Results of the study were very positive, even using base-case prices of $1,250 gold and $19 silver. At these prices, the project carries a Net Present Value of $108.7 (Discount of 5 percent) and an internal rate of return of 49 percent, which is very high. Payback is just 1.7 years, which is outstanding.

- With gold at $1,450 and silver at $28, however, the project carries a NPV of $223 million (Discount of 5 percent) with a super-high IRR of 88 percent and a payback of just 1.1 years! If you think precious metals prices will get back to these levels, like I do, then the best is yet to come for Santa Elena.

The expansion production profile is listed below.

[verwijderd] 16 november 2013 08:44

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- It is very possible the company will be able to expand the mine life at Santa Elena based on recent drill results. The following drill results were reported on September 5:

SE-13-144; 9.2 metres grading 4.83 gpt Au and 171.4 gpt Ag including 0.8 metres grading 30.20 gpt Au and 638.0 gpt Ag
SE-13-152; 15.0 metres grading 4.03 gpt Au and 243.2 gpt Ag including 2.0 metres grading 17.5 gpt Au and 664.0 gpt Ag
SE-13-160; 13.3 metres grading 3.52 gpt Au and 136.2 gpt Ag including 4.1 metres grading 6.46 gpt Au and 133.6 gpt Ag
SE-13-166; 11.7 metres grading 3.97 gpt Au and 189.5 gpt Ag including 5.0 metres grading 8.10 gpt Au and 334.4 gpt Ag
SE-13-175; 8.8 metres grading 1.91 gpt Au and 70.6 gpt Ag including 2.0 metres grading 6.70 gpt Au and 226.1 gpt Ag

- These are great drill results which extended mineralization beyond the current resource, discovering three new zones:El Cholugo, El Cholugo Dos and Tortuga.

*La Joya Upside?

- Enormous upside potential remains at the La Joya project, which holds a whopping 200 million silver equivalent ounces in the inferred category. The project has excellent infrastructure, located close to highway, railways and power lines very close by.

La Joya is interesting because it contains massive inferred copper reserves of 533,200,000 lbs. The project also contains 716,200 ounces of gold and 95,900,000 ounces of silver. Because of the huge amount of gold and copper, I believe this will lead to very low cash costs once in production.

- The latest drill results have been very encouraging, containing 80 meters of 78.8 gpt Ag, .31 gpt Au and 137 gpt Ag Eq).

- A preliminary economic assessment for La Joya is underway and it should be very interesting to see how this project develops. While Santa Elena is an already profitable operation with upside, La Joya has home-run potential and can be a company maker for SilverCrest.

#3 Rock-Solid Balance Sheet for a Small Cap Company

- Perhaps the best part of the SilverCrest story is the financial condition of the company.

- SilverCrest has a solid balance sheet. The company reported cash and equivalents of nearly $30 million at the end of June, with a working capital position of $41.6 million. The company has no debt.

- I think it is very rare to see a small company with such a solid balance sheet and profitability. If silver and gold were to remain at current levels, or drop even lower, SilverCrest could still be turning a profit, which is not the case for many other silver miners out there.

Conclusion - SilverCrest is a Buy and Best of the Bunch

I believe the following points can be made about SilverCrest:

- With a P/E of about 7, they are undervalued at the current stock price, even with silver at $22 and gold at $1250.

- The company has one of the best balance sheets of any silver miner of its size.

- Huge upside potential remains at both Santa Elena, an already profitable mine, and La Joya, which could be a "company-maker."

- Even with silver at three-year lows of $22 an ounce, SilverCrest is profitable, recording .04 EPS last quarter.

- SilverCrest has outperformed its peers in 2013 and should continue to do so going forward, due to its profitability, balance sheet, production upside potential, third-party validation by Sandstorm Gold, etc.

I've been following this company since early 2013 and will continue to do so. I plan on purchasing shares sometime next month and throughout 2013/14. Follow me here on Seeking Alpha for future articles on SilverCrest and other silver miners.

[verwijderd] 16 november 2013 09:37

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Hier de link van bovenstaand artikel..

seekingalpha.com/article/1746562-if-i...

[verwijderd] 16 november 2013 13:10

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The Gold Report Interview with Sean Brodrick "I also like SilverCrest Mines Inc. It is raising production and seems to be doing all the right things. It only has one big project, but it is working on more. That's a company that should have a great future. It has a low cost of mining."

[verwijderd] 16 november 2013 16:51

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Miners Reporting Serious Progress 0 inShare by John Rubino on November 15, 2013 · 0 comments This was supposed to be the year that gold and silver miners pretty much imploded. The story in a nutshell is that during the boom years of 2009 -2011, the markets threw so much cash at the industry that a lot of CEOs went a little crazy, racing to accumulate the most ounces in the ground without regard for whether those ounces could be gotten out profitably at prevailing prices. When the metals got whacked in 2012 and 2013, the miners that had gone the craziest found themselves with uneconomic mines, way too many people and equipment, costs that had doubled in just a few years, and in many cases serious doubts about their future existence. But one of the nice things about an easy-money binge is that it leaves an industry with a plenty of fat that can be trimmed right away. The miners have spent the past six months in survival mode, firing non-essential people, closing uneconomic mines and cancelling big development projects. Based on the most recent numbers it’s going better than the expected. The following table compares Q3 2013 silver mining costs to the year-ago number for three companies that just reported. These are serious reductions. Only Silvercrest looks strongly profitable at today’s silver price, but Pan American and Great Panther look a lot less ugly than they did a year ago. So, a few questions: • What did they have to cut to get such big cost savings? If they’ve pared their exploration and development wisely and are now focused on just the best projects, that’s good. If they fired a bunch of people they’ll need back when silver goes to $30 next year, that’s bad but not horrendous. If they’ve been “high-grading,” mining and processing the best ore and leaving the lower quality stuff for later, that opens the door to disappointment down the road. • How much further can costs be cut? Assuming the low-hanging fruit was picked first, progress will be a lot slower going forward. But it’s hard to believe that everything got done in just a couple of quarters, so maybe Q4 – looking past the big write-downs – will feature some more pleasant surprises. Suddenly, there’s a 2014 scenario that’s not depressing: Let precious metals prices start to rise a bit and miners come in with lower than expected costs, and these stocks, at record lows versus their underlying metals, might have a big year.

[verwijderd] 16 november 2013 17:26

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Zie net dat het artikel dat ik vanmorgen heb geplaatst al op 15 okt door BONNO geplaatst was. Dit had ik even over het hoofd gezien.

[verwijderd] 16 november 2013 19:39

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Interview with founder and COO Eric Fier

www.geckoresearch.com/Eric_Fier_updat...

[verwijderd] 16 november 2013 21:17

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Vanaf minuut 15 zeker een interessant interview voor geïnteresseerden van SilverCrest Mines Inc.

Bonno 18 november 2013 14:20

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@ Jack1977 : Bedankt voor de info

De cijfers en toekomst van SilverCrest ziet er erg goed uit. Zelf verwacht ik dat ze van de huidige 2.4 mil oz naar 9.1 mil oz gaan in 2016/7. Dit is op basis van alle info uit de gepubliceerde rapporten door externe companies. Dit is exclusief verdere ontwikkelingen en aankopen van nieuwe properties.

[verwijderd] 19 november 2013 17:51

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Vanavond...
SilverSeek.com will be hosting a special 60-minute live online event with David Morgan, of the "The Morgan Report" newsletter and Scott Drever, CEO & Chairman SilverCrest Mines (OTCQX: SVLC | TSX-V: SVL), this coming Wednesday, November 20th starting at 2pm Eastern / 11 am PST.

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