# SilverCrest Provides First Quarter Operational Results and Conference Call Details

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silvercrest-provides-first-quarter-operational-results-and-conference-call-detai--2e9c4b3a-2341-4a1c-ac95-fb4b2d120afe

Original source: https://money.tmx.com/en/quote/SIL/news/7707410479541306/silvercrest-provides-first-quarter-operational-results-and-conference-call-detai

Publisher: tmx

Original announcement: 2024-04-17T21:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: SilverCrest Metals Inc.

- Ticker: SIL

- Exchange: TSX

- Region: Sonora, Mexico

- Primary commodity: Silver

- Secondary commodities: Gold

- Document categories: Production, Metallurgy

- Extracted: 2026-09-16 23:08:36 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

SilverCrest Metals Inc. announced strong operational results for Q1 2024 from its Las Chispas Operation in Sonora, Mexico. The company achieved record silver equivalent processed grades of 874 gpt and recoveries of 98.3%, with silver sales exceeding plan. Underground ramp-up is progressing well, and plant availability improved to 92% in March.

Reasoning: SilverCrest reported strong Q1 2024 operational results from its Las Chispas Operation, including record processed grades and recoveries for silver equivalent, and silver sales exceeding plan, indicating robust performance and positive operational progress.

- Positive factor: record processed grades and recoveries for silver equivalent

- Positive factor: silver sales exceeding plan

- Positive factor: ramp-up of underground operations progressing well

- Positive factor: plant availability improved to 92% in March

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 24

## Classification and evidence

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Silver equivalent process recovery reached a record 98.3% in Q1 2024, which is exceptional for a mill/CIL route.

Evidence · text

> record silver equivalent process grades of 874 grams per tonne and recoveries of 98.3%

**Production Beat**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Silver sales exceeded plan, positioning the company well to achieve its 2024 sales guidance.

Evidence · text

> silver sales exceeding plan and positioning us well to achieve 2024 sales guidance

**Operational Improvement**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Mobilization of a new mining contractor and ramp-up of underground operations are progressing well, contributing to overall operational strength.

Evidence · text

> Mobilization of our new mining contractor began in February 2024 and ramp-up of the underground continues to progress well.

## Extracted facts

Stored fact records: 6. Some facts used in scoring do not have a stored record.

## Metallurgical Results (6)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-first-quarter-operational-results-and-conference-call-detai--2e9c4b3a-2341-4a1c-ac95-fb4b2d120afe#fact-metallurgical-facts-18)

Las Chispas Operation · gold

#### Identity

- Project: Las Chispas Operation
- Commodity: gold
- Region: mexico
- Reported Region: Sonora, Mexico
- Ticker: SIL

#### Test Work

- Program Status: detailed
- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.6 %
- Recovery Basis: actual\_test
- Head Grade: 4.97
- Head Grade Unit: gpt

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-04-17T00:00:00.000Z

Reasoning: Gold processed grade and recovery were high in Q1 2024, contributing to strong gold production.

- Positive factor: high processed grade

- Positive factor: high recovery percent

Evidence · table

> 98.6 %

Context: Process recovery

#### Tags used in scoring

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 98.6% is at or above the exceptional band \(95%\)

### Fact 2

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-first-quarter-operational-results-and-conference-call-detai--2e9c4b3a-2341-4a1c-ac95-fb4b2d120afe#fact-metallurgical-facts-19)

Las Chispas Operation · silver

#### Identity

- Project: Las Chispas Operation
- Commodity: silver
- Region: mexico
- Reported Region: Sonora, Mexico
- Ticker: SIL

#### Test Work

- Program Status: detailed
- Processing Route: mill\_cil

#### Recovery

- Recovery: 98 %
- Recovery Basis: actual\_test
- Head Grade: 479
- Head Grade Unit: gpt

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-04-17T00:00:00.000Z

Reasoning: Silver processed grade and recovery were very high in Q1 2024, significantly contributing to silver production.

- Positive factor: high processed grade

- Positive factor: high recovery percent

Evidence · table

> 98.0 %

Context: Process recovery

#### Tags used in scoring

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 98% is at or above the exceptional band \(90%\)

### Fact 3

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-first-quarter-operational-results-and-conference-call-detai--2e9c4b3a-2341-4a1c-ac95-fb4b2d120afe#fact-metallurgical-facts-20)

Las Chispas Operation · silver

#### Identity

- Project: Las Chispas Operation
- Commodity: silver
- Region: mexico
- Reported Region: Sonora, Mexico
- Ticker: SIL

#### Test Work

- Program Status: detailed
- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.3 %
- Recovery Basis: actual\_test
- Head Grade: 874
- Head Grade Unit: gpt

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-04-17T00:00:00.000Z

Reasoning: Silver equivalent processed grade and recovery reached record highs in Q1 2024, indicating exceptional metallurgical performance.

- Positive factor: record high processed grade

- Positive factor: record high recovery percent

Evidence · table

> 98.3 %

Context: Process recovery

### Fact 4

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-first-quarter-operational-results-and-conference-call-detai--2e9c4b3a-2341-4a1c-ac95-fb4b2d120afe#fact-metallurgical-facts-21)

Las Chispas Operation · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Las Chispas Operation
- Commodity: gold
- Region: mexico
- Reported Region: Sonora, Mexico
- Ticker: SIL

#### Test Work

- Program Status: detailed
- Processing Route: mill\_cil

#### Recovery

- Recovery: 97.5 %
- Recovery Basis: actual\_test
- Head Grade: 4.06
- Head Grade Unit: gpt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-04-17T00:00:00.000Z

#### Dates

- Event date: 2024-04-17T00:00:00.000Z

Reasoning: Historical gold processed grade and recovery for Q1 2023 are provided for comparison with current quarter results.

Evidence · table

> 97.5 %

Context: Process recovery

#### Tags used in scoring

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 97.5% is at or above the exceptional band \(95%\)

### Fact 5

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-first-quarter-operational-results-and-conference-call-detai--2e9c4b3a-2341-4a1c-ac95-fb4b2d120afe#fact-metallurgical-facts-22)

Las Chispas Operation · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Las Chispas Operation
- Commodity: silver
- Region: mexico
- Reported Region: Sonora, Mexico
- Ticker: SIL

#### Test Work

- Program Status: detailed
- Processing Route: mill\_cil

#### Recovery

- Recovery: 91.9 %
- Recovery Basis: actual\_test
- Head Grade: 419
- Head Grade Unit: gpt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-04-17T00:00:00.000Z

#### Dates

- Event date: 2024-04-17T00:00:00.000Z

Reasoning: Historical silver processed grade and recovery for Q1 2023 are provided for comparison with current quarter results.

Evidence · table

> 91.9 %

Context: Process recovery

#### Tags used in scoring

**High Recovery**

Polarity: positive

Definition: Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 91.9% is at or above the exceptional band \(90%\)

### Fact 6

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-first-quarter-operational-results-and-conference-call-detai--2e9c4b3a-2341-4a1c-ac95-fb4b2d120afe#fact-metallurgical-facts-23)

Las Chispas Operation · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Las Chispas Operation
- Commodity: silver
- Region: mexico
- Reported Region: Sonora, Mexico
- Ticker: SIL

#### Test Work

- Program Status: detailed
- Processing Route: mill\_cil

#### Recovery

- Recovery: 94.4 %
- Recovery Basis: actual\_test
- Head Grade: 742
- Head Grade Unit: gpt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2024-04-17T00:00:00.000Z

#### Dates

- Event date: 2024-04-17T00:00:00.000Z

Reasoning: Historical silver equivalent processed grade and recovery for Q1 2023 are provided for comparison with current quarter results.

Evidence · table

> 94.4 %

Context: Process recovery

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.