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Company of the day:
SilverCrest - SVL
SilverCrest Mines Inc. (NYSE MKT: SVLC; TSX: SVL) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest’s flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high-grade, epithermal silver and gold producer, with an estimated life of mine of 8 years and average operating cash costs of $11 per ounce of silver equivalent (55:1 Ag:Au). SilverCrest anticipates that the new 3,000 tonnes per day conventional mill facility at the Santa Elena Mine should recover an average annual rate of 1.5 million ounces of silver and 32,800 ounces of gold over the current reserve. Major expansion and commissioning of the 3,000 tonnes per day conventional mill facility has been completed and is expected to significantly increase metals production at the Santa Elena Mine in 2014 and beyond. Exploration programs continue to make new discoveries at Santa Elena and also have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State, Mexico.

Editor’s Column

Metal Quotes

MetalPrice%As Of
Aluminum $0.66 1.77 11/26/15 8:59
Copper $2.10 1.61 11/26/15 8:59
Lead $0.74 1.55 11/26/15 8:59
Nickel $4.02 2.11 11/26/15 8:59
Zinc $0.72 2.20 11/26/15 8:59


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