Corporate Overview - Fast Facts about SilverCrest Mines Inc.
Recent interview at the World Resource Investment Conference By Investment Pitch featuring our President, Scott Drever as well as David Morgan from Silver-Investor.com
SilverCrest Mines Inc. (TSX-V: SVL; NYSE MKT:SVLC) is a precious metals producer based in Vancouver , BC . The Company's flagship property is the 100%-owned Santa Elena Mine, which is located 150km northeast of Hermosillo , near Banamichi in the State of Sonora, Mexico. The mine is a low-cost, high-grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent. SilverCrest anticipates that the 2,500 tonnes per day facility should recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of the open pit phase of the Santa Elena Mine. An aggressive expansion plan is underway to potentially double metals production and to develop underground resources at the Santa Elena Mine by 2014, which will include the installation of a mill.
Since declaring commercial production in July 2011 at Santa Elena, SilverCrest has been reporting robust earnings, revenues and cash flow.
Furthermore, exploration programs, including an 80-hole phase II drill program, are rapidly advancing the definition of a recently discovered large polymetallic deposit at the La Joya property in Durango State , Mexcio. The project hosts a NI 43-101 compliant inferred resource of +100 million silver equivalent ounces. SilverCrest expects to report a resource update at La Joya in Q4 2012.
Santa Elena Mine
Location: 150 kilometers northeast of Hermosillo, Sonora, Mexico.
Status: Commercial Production - Anticipated that the 2,500 tonnes per day open pit heap leach facility will produce 33,000 ounces of gold and 435,000 ounces of silver in 2012.
On July 13, 2011 the Company announced the Santa Elena Mine had reached Commercial Production. The mine is a high-grade, epithermal gold and silver producer, with an estimated 6.5 year life of mine cost of approximately US$8.00 per ounce of silver equivalent. The 2,500 tonnes per day open pit heap leach facility produced 27,000 ounces of gold and 377,000 ounces of silver in 2011. SilverCrest anticipates 33,000 ounces of gold and 435,000 ounces of silver in 2012 from the open-pit heap leach operation.
* More Details about Santa Elena Mine
Location: 75 kilometres southeast of the city of Durango, Mexico.
Status: Drilling & Exploration - SilverCrest has begun its Phase II drilling program at the La Joya property. This program will consist of approximately 80 core and reverse circulation drill holes and will utilize at least three drill rigs.
Current Work Program
SilverCrest has completed surface channel sampling in the Phase II proposed drill hole area along and adjacent to the Main Mineralized Trend with results showing surface intervals with grades up to 594 gpt Ag, 5.49 % Cu, and 0.25 gpt gold (1,079 gpt Ag equivalent*). Those samples were taken from the exposed outcrops within the southern portion of the Main Mineralized Trend.
The Phase II program is budgeted at $3.0 million and will include approximately 60 core holes (10,000 metres) and 20 RVC holes (5,000 metres) for a planned total of an estimated 15,000 metres. This phase of drilling is expected to be completed by mid-2012 with subsequent compilation and further resource reporting in the second half of 2012. One of the objectives of the program is to fully test the extent of the Main Mineralized Trend which is estimated to be 2.5 kilometres long and approximately 300 - 500 metres wide. Also, three separate target areas, El Coloradito, Esperanza and Santo Nino will be drilled to test additional mineralization previously identified by historic work.
* More Details about La Joya
Cruz de Mayo
Location: 170 kilometers northeast of Hermosillo, Sonora, Mexico.
Status: Drilling & Exploration - Approximately 45 core and RVC holes are planned to reclassify and potentially expand current NI43-101 resources.
The Expansion Project contemplates the installation of a conventional milling and processing facility at the nearby Santa Elena mine. The facility will utilize mill feed from the Santa Elena open pit (Phase I), the Santa Elena underground (Phase II), and re-treatment of the material on the heap leach pads to recover residual silver and gold values (Phase IV). The Cruz de Mayo silver deposit (Phase III) is being considered for development with lower grade mineralization conceptually treated on site as a heap leach operation with the potential to ship high grade mineralization to the nearby Santa Elena proposed processing facility. For details, please refer to the Company's filings on www.sedar.com to review the NI43-101 "Reserve Update for the Santa Elena Open Pit and Preliminary Assessment for the Santa Elena and Cruz de Mayo Expansion Project".
* More Details about Cruz de Mayo
J. Scott Drever - President and Director
Scott Drever has 45 years of geological expertise. He has dealt extensively with strategic planning, mergers & acquisitions, and operations for international mining corporations. Mr. Drever has served as an Executive Officer and Director of a number of public companies listed on the TSX and the TSX Venture Exchange, including Placer Dome Ltd., Blackdome Mining Corp., and Goldsource Mines Inc.
N. Eric Fier, CPG, P.Eng - Chief Operating Officer
Eric Fier has over 25 years of international experience in a senior capacity including exploration, acquisition, development and production of numerous mining projects in Chile, Brazil, Honduras, Mexico and Peru. His background includes project evaluation and management, reserve estimation and economic analysis, as well as operations management. Mr. Fier previously served as Chief Geologist with Pegasus Gold Corp., Senior Engineer and Manager with Newmont Mining Corp., and Project Manager with Eldorado Gold Corp.
Barney Magnusson, CA - Chief Financial Officer
Barney Magnusson has spent more than 30 years in corporate finance and public company management. He has actively been a part of management teams responsible for structuring and building rapidly expanding companies. Mr. Magnusson is a former Senior Officer and Director of six mining companies that developed, constructed or operated eight precious metal mines in North- and South America: Dayton Mines Inc. (Chile), High River Gold Mines Ltd. (Manitoba, Canada) and Brohm Resources Inc. (South Dakota, USA).
Brent McFarlane - VP Operations
Brent McFarlane has over 25 years of diverse experience, including over 10 years in senior management positions in Latin America.He has managed all phases of open pit and underground mining projects and has been instrumental in leading projects through feasibility, construction, and into production.Mr. McFarlane previously worked as a project engineer with Pegasus Gold Corp, General Manager with Knight Piesold at Yanacocha, and Country Manager for Minefinders Corp. Ltd. in Mexico.
Salvador Aguayo Salinas, Ph.D. - VP Corporate Development, Country Manager
Salvador Aguayo Salinas holds a Ph. D. in Hydrometallurgy from the Imperial College of Science and Technology (United Kingdom). He previously worked as a professor at the Universidad de Sonora, actively engaged in research in the areas of base metals chemical extraction, recovery, and effluent treatments. He has more than 25 years of experience in the areas of leaching and recovery of precious metals. He has been a consultant for several mining companies including Hecla Mining, El Dorado and Grupo Mexico.
Bernard Poznanski,B.Sc., LLB, LLM- Corporate Secretary
Bernard Poznanski has a broad legal background in corporate finance, mergers & acquisitions and securities law. He has acted for a wide variety of companies listed on the Toronto Stock Exchange, the TSX Venture Exchange, the American Stock Exchange and NASDAQ. Mr. Poznanski is one of the founding partners of Koffman, Kalef and currently heads the firm's securities group.
George W. Sanders - Director
George Sanders has a background spanning almost 30 years in mining and exploration finance. He previously worked as a mining analyst, a stockbroker specializing in resource issues and in managing a wide range of exploration finance activities. Mr. Sanders has held positions with Canaccord Capital Corp., Richmont Mines Inc., Consolidated Cinola Mines Ltd., and Shore Gold Inc. He is currently President and Director of Goldcliff Resource Corporation, a gold explorer focused on new discoveries is historic mining districts.
Graham C. Thody, CA - Director
Graham Thody has spent more than 30 years in corporate finance and public company management. His focus has included audits of reporting companies, IPO's, corporate mergers & acquisitions, as well as domestic and international tax matters. Mr. Thody is a former partner of Nemeth Thody Anderson, Chartered Accountants. He is currently a director of several reporting corporations which are involved in mining exploration and development throughout North, Central and South America.
Ross Glanville, P.Eng., (B.A.Sc., 1970; P.Eng, 1972; MBA, 1974; CGA, 1980) - Director
Mr. Glanville has over forty years of resource-related experience in numerous countries, and has been involved in the exploration, financing, development, and operation of a number of mines. Mr. Glanville has specialized in valuations, fairness opinions, and litigation support, often as expert witness, related to the mining and exploration industry. He has prepared hundreds of valuations and fairness opinions for mining and exploration companies in North America, Africa, Australia, South America, Asia, and Europe. Mr. Glanville has formed public companies, listed on the Toronto Stock Exchange, the Australian Stock Exchange, NASDAQ, and the TSX Venture Exchange, and has served on the Boards of Directors of four companies with producing mines.
Mining News for SilverCrest Mines Inc.:
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Q1, 2013 Financial Results Cash Flow from Operations of $8.8 Million ($0.08 Per Share) Net Earnings $6.0 Million ($0.06 Per Share) - May 15, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces 2013 Annual Meeting and Adoption of Corporate Governance Measures - April 25, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces Q1 Production 153,481 Ounces Silver & 7,225 Ounces Gold - April 24, 2013
Mining Stock Investor Alert for SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) - April 19, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Continues to Expand Santa Elena Deposit More High Grade Intercepts; 21.6m @ 1.46 gpt Au and 169.1 gpt Ag Including 0.60m @ 5.2 gpt Au and 1,840 gpt Ag - April 8, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Files La Joya Technical Report Updated Resources & Positive Preliminary Metallurgy; Potential For High Grade Cu-Ag-Au Concentrate With Over 30% Copper - March 28, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces 2012 Financial Results - March 14, 2013
Mining Stock News: InvestmentPitch.com Analyst Ted Ohashi Interviews Scott Drever, President of SilverCrest Mines (TSXV:SVL) and David Morgan, publisher of The Morgan Report - February 26, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Continues to Expand Santa Elena Deposit; Another New Discovery and More High Grade Intercepts, 25.8m @ 1.24 gpt Au and 187.6 gpt Ag Including 1.9m @ 2.34 gpt Au and 1,281.9 gpt - February 26, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Appoints Vice President, Corporate Development - January 31, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces Updated La Joya Resources - January 29, 2013
Reports Additional La Joya High Grade Intercepts 80m of 78.8 gpt Ag, 0.31 gpt Au, 0.5% Cu (137 gpt Ag Eq(i)) - December 21, 2012
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Announces Grant of Stock Options - December 5, 2012
/01161.asp">Mining Stocks Investor Alert: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Exceeds 2012 Production Market Guidance, Announces Q4 Results and 2013 Guidance - January 16, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Expands Santa Elena Deposit; More High Grade Intercepts 13m @ 1.6 gpt Au and 324.8 gpt Ag Including 1m @ 5.1 Au and 2,840 gpt Ag - January 14, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Discovers Bonanza Grades and New Zone at Santa Elena 15.6m @ 23.9 gpt Au and 307.9 gpt Ag Including 2.3m @ 157.3 gpt Au and 1,610.5 gpt Ag - January 7, 2013
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Additional La Joya High Grade Intercepts 80m of 78.8 gpt Ag, 0.31 gpt Au, 0.5% Cu (137 gpt Ag Eq(i)) - December 21, 2012
Mining Stock News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Updates Santa Elena Resource Infill and Expansion Drilling - December 4, 2012
Mining Stock Breaking News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Additional La Joya High Grade Intercepts 45.0m of 135.5 gpt Ag, 0.11 gpt Au, 1.14% Cu (240 gpt Ag Eq(i)) - November 27, 2012
Mining Stock Breaking News: SilverCrest (TSX.V: SVL) (NYSE MKT: SVLC) Reports Q3, 2012 Financial Results - November 14, 2012
Mining Stock News: SilverCrest (TSX-V: SVL) (NYSE MKT: SVLC) Drilling Update for Santa Elena Mine - November 13, 2012
Mining Stock Investor Alert: SilverCrest (TSX-V: SVL) (NYSE MKT: SVLC) Pays Out Gold Hedge Facility; Gold and Silver Production Now Completely Unhedged - November 7, 2012
Mining Stock Trading Alert: SilverCrest Mines (TSX.V: SVL) (NYSE MKT: SVLC) Moves Following News of Closing $34.5 Million Offering - November 2, 2012
Mining Stock Investor Alert: SilverCrest (TSX-V: SVL) (NYSE MKT: SVLC) Reports Closing of $34.5 Million Prospectus Offering - October 31, 2012
Breaking Mining Stock news: SilverCrest (TSX-V: SVL) (NYSE MKT: SVLC) Closes $34.5 Million Prospectus Offering, Over-Allotment Option Exercised in Full - October 30, 2012
Mining Stock Breaking News: SilverCrest (TSX-V: SVL) ( NYSE MKT: SVLC) Announces Q3 Production 151,368 Ounces Silver & 7,184 Ounces Gold - October 16, 2012
Breaking Mining Stock News: SilverCrest Mines (TSX.V: SVL) (NYSE MKT:SVLC) Announces Increase in Bought Deal to $30 Million - October 5, 2012
Mining Stock News: SilverCrest Mines (TSX.V: SVL) (NYSE MKT:SVLC) Announces $26.1 Million Bought Deal - October 5, 2012
Mining Stock News: SilverCrest (TSX.V: SVL) Reports High Grade Surface Sampling and Additional Drill Results - 157m @ 94.1 gpt Ag Eq* at La Joya - September 27, 2012
Mining Stock News: SilverCrest (TSX.V: SVL) Announces Trading on NYSE MKT to Commence August 27, 2012 - August 22, 2012
Mining Stock Investor Alert: SilverCrest Mines (TSX-V: SVL) (OTCQX: STVZF) Moves Following Financial Results - August 17, 2012
Mining Stock News: SilverCrest (TSX.V: SVL) Reports Q2, 2012 Financial Results - August 15, 2012
Mining Stock News: SilverCrest (TSX.V: SVL) Announces Q2 Production 139,850 Ounces Silver & 8,584 Ounces Gold - July 23, 2012
Mining Stock News: SilverCrest (TSX.V: SVL) Reports 50m @ 151.8 gpt Ag Eq(i) at La Joya Main Mineralized Trend Continues to Expand - July 17, 2012
Mining Stock News: SilverCrest's (TSX.V: SVL) Santa Elena Mine Expansion Continues on Schedule - July 6, 2012
Media News for SilverCrest Mines Inc.:
- Stockboard Custom Reports on SilverCrest Mines Inc. and Platinum Group Metals Ltd - May 17, 2013
- InvestmentPitch Launches Daily Video Featuring a Research Report Buy Recommendation - Videos Posted on InvestmentPitch.com - May 14, 2013
- SilverCrest: An Interview With CEO Scott Drever - April 14, 2013
- Silvercrest Mines Breaks Above 200-Day Moving Average - Bullish for SVL - April 12, 2013
- Canaccord Genuity Updates Buy Recommendation on SilverCrest Mines (TSXV:SVL) (NYSE-MKT:SVLC) - Video Posted on InvestmentPitch.com - April 4, 2013
- PI Financial Updates Buy Recommendation on SilverCrest Mines (TSXV:SVL) (NYSE-MKT:SVLC) - Video Posted on InvestmentPitch.com - March 22, 2013
- Discoveries will drive retail interest back – says Eric Coffin, Editor of the Hard Rock Analyst in a video interview with Smallcappower.com - March 15, 2013
- Silvercrest Mines Shares Cross Above 200 DMA - March 8, 2013
- SilverCrest Mines Interview conducted at the World Resource Investment Conference By Investment Pitch featuring Scott Drever, President of SilverCrest as well as David Morgan from Silver-Investor.com
- "Don't Bet Family Farm, But Buy Physical Silver", says David Morgan in an exclusive interview with SmallCapPower.com - February 20, 2013
SilverCrest Mines Inc.
(604) 694-1730 ext. 108
Toll Free: 1-866-691-1730
(604) 694-1761 (FAX)