# SilverCrest Provides Third Quarter Operational Results and Conference Call Details

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04

Original source: https://money.tmx.com/en/quote/SIL/news/7908538346146203/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai

Publisher: tmx

Original announcement: 2024-10-10T21:00:00.000Z

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 23:07:58 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

SilverCrest Metals Inc. announced strong operational results for the third quarter of 2024 from its Las Chispas Operation in Sonora, Mexico, reporting record revenue of $80.4 million. The company recovered 14,928 ounces of gold and 1.41 million ounces of silver, or 2.60 million silver equivalent ounces, with high process recoveries exceeding 98% for both metals. With year-to-date silver equivalent sales of 7.9 million ounces, SilverCrest is well-positioned to meet or exceed its 2024 annual sales guidance.

Reasoning: SilverCrest reported strong Q3 2024 operational results with record revenue, high metal prices, and increased treasury assets, positioning the company to meet or exceed its annual sales guidance. Process recoveries remain high, though processed grades for both gold and silver saw a slight decrease compared to the prior year period.

- Positive factor: Record revenue generated in Q3 2024

- Positive factor: Strong metal prices for gold and silver

- Positive factor: Increased treasury assets \(cash and bullion\)

- Positive factor: On track to meet or exceed 2024 annual sales guidance

- Positive factor: High process recoveries for both gold and silver

- Positive factor: Increased ore mined and mill throughput in Q3 2024 compared to Q3 2023

- Negative factor: Average processed grade for gold and silver decreased in Q3 2024 compared to Q3 2023

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

Facts used in scoring: 48

## Classification and evidence

**Production Increase**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Ore mined increased by 24% from the previous quarter and continues to track ahead of plan.

Evidence · text

> Ore mined in the quarter increased by 24% from the previous quarter and continues to track ahead of plan

**High Recovery**

Polarity: positive

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

Why it applies: Process recovery for gold was 98.5% and for silver was 98.3% in Q3 2024.

Evidence · table

> 98.5 %

Context: Process recovery

**Metal Equivalent Opaque**

Polarity: negative

Story-specific tag

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: The silver equivalent ratio is provided \(79.51:1\) but the underlying metal prices used for the calculation are not explicitly disclosed in the immediate context.

Evidence · text

> Silver equivalent \("AgEq"\) ratio used in this news release of 79.51:1 based on the Las Chispas Operation Technical Report, dated September 5, 2023 with an effective date of July 19, 2023.

**QP/CP Signed**

Polarity: positive

Story-specific tag

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: N. Eric Fier, CPG, P.Eng, CEO for SilverCrest, is the Qualified Person and has reviewed and approved the contents of the news release.

Evidence · text

> The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is N. Eric Fier , CPG, P.Eng, CEO for SilverCrest, who has reviewed and approved its contents.

## Extracted facts

Stored fact records: 12. Some facts used in scoring do not have a stored record.

## Metallurgical Results (12)

### Fact 1

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-6)

Las Chispas Operation · gold

#### Identity

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

#### Test Work

- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.5 %
- Recovery Basis: actual\_test
- Head Grade: 3.87
- Head Grade Unit: gpt

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Gold recovery remains very high, indicating efficient processing, though the processed grade saw a decrease from the prior year.

- Positive factor: High process recovery for gold

- Negative factor: Average processed grade for gold decreased compared to Q3 2023

Evidence · table

> 3.87

Context: Average processed grade

#### 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: 98.5% is at or above the exceptional band \(95%\)

### Fact 2

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-7)

Las Chispas Operation · gold

#### Identity

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

#### Test Work

- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.5 %
- Recovery Basis: actual\_test
- Head Grade: 4.35
- Head Grade Unit: gpt

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Year-to-date gold recovery is consistently high, but the average processed grade shows a slight decline compared to the prior year.

- Positive factor: High process recovery for gold

- Negative factor: Average processed grade for gold decreased year-to-date compared to prior year

Evidence · table

> 4.35

Context: Average processed grade

#### 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: 98.5% is at or above the exceptional band \(95%\)

### Fact 3

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-12)

Las Chispas Operation · silver

#### Identity

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

#### Test Work

- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.3 %
- Recovery Basis: actual\_test
- Head Grade: 366
- Head Grade Unit: gpt

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Silver recovery remains very high, indicating efficient processing, though the processed grade saw a decrease from the prior year.

- Positive factor: High process recovery for silver

- Negative factor: Average processed grade for silver decreased compared to Q3 2023

Evidence · table

> 366

Context: Average processed grade

#### 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: 98.3% is at or above the exceptional band \(90%\)

### Fact 4

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-13)

Las Chispas Operation · silver

#### Identity

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

#### Test Work

- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.2 %
- Recovery Basis: actual\_test
- Head Grade: 416
- Head Grade Unit: gpt

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Year-to-date silver recovery is consistently high, but the average processed grade shows a decline compared to the prior year.

- Positive factor: High process recovery for silver

- Negative factor: Average processed grade for silver decreased year-to-date compared to prior year

Evidence · table

> 416

Context: Average processed grade

#### 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: 98.2% is at or above the exceptional band \(90%\)

### Fact 5

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-18)

Las Chispas Operation · silver

#### Identity

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

#### Test Work

- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.4 %
- Recovery Basis: actual\_test
- Head Grade: 674
- Head Grade Unit: gpt

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Silver equivalent recovery remains very high, indicating efficient processing, though the processed grade saw a decrease from the prior year.

- Positive factor: High process recovery for silver equivalent

- Negative factor: Average processed grade for silver equivalent decreased compared to Q3 2023

Evidence · table

> 674

Context: Average processed grade

### Fact 6

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#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

- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.4 %
- Recovery Basis: actual\_test
- Head Grade: 762
- Head Grade Unit: gpt

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Year-to-date silver equivalent recovery is consistently high, but the average processed grade shows a slight decline compared to the prior year.

- Positive factor: High process recovery for silver equivalent

- Negative factor: Average processed grade for silver equivalent decreased year-to-date compared to prior year

Evidence · table

> 762

Context: Average processed grade

### Fact 7

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-30)

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

- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.3 %
- Recovery Basis: actual\_test
- Head Grade: 4.35
- Head Grade Unit: gpt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2023-10-10T00:00:00.000Z

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Historical gold processed grade and recovery for comparison with current quarter results.

Evidence · table

> 4.35

Context: Average processed grade

#### 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: 98.3% is at or above the exceptional band \(95%\)

### Fact 8

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-31)

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

- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.1 %
- Recovery Basis: actual\_test
- Head Grade: 4.42
- Head Grade Unit: gpt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2023-10-10T00:00:00.000Z

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Historical gold processed grade and recovery for comparison with current year-to-date results.

Evidence · table

> 4.42

Context: Average processed grade

#### 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: 98.1% is at or above the exceptional band \(95%\)

### Fact 9

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-36)

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

- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.1 %
- Recovery Basis: actual\_test
- Head Grade: 413
- Head Grade Unit: gpt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2023-10-10T00:00:00.000Z

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Historical silver processed grade and recovery for comparison with current quarter results.

Evidence · table

> 413

Context: Average processed grade

#### 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: 98.1% is at or above the exceptional band \(90%\)

### Fact 10

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-37)

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

- Processing Route: mill\_cil

#### Recovery

- Recovery: 96.1 %
- Recovery Basis: actual\_test
- Head Grade: 427
- Head Grade Unit: gpt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2023-10-10T00:00:00.000Z

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Historical silver processed grade and recovery for comparison with current year-to-date results.

Evidence · table

> 427

Context: Average processed grade

#### 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: 96.1% is at or above the exceptional band \(90%\)

### Fact 11

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-42)

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

- Processing Route: mill\_cil

#### Recovery

- Recovery: 98.2 %
- Recovery Basis: actual\_test
- Head Grade: 759
- Head Grade Unit: gpt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2023-10-10T00:00:00.000Z

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

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

Evidence · table

> 759

Context: Average processed grade

### Fact 12

[Link to this fact](https://atlas-extractions.minestarters.com/news/silvercrest-provides-third-quarter-operational-results-and-conference-call-detai--68801ab4-1aa8-4815-b0a8-96c31aa1af04#fact-metallurgical-facts-43)

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

- Processing Route: mill\_cil

#### Recovery

- Recovery: 97 %
- Recovery Basis: actual\_test
- Head Grade: 778
- Head Grade Unit: gpt

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2023-10-10T00:00:00.000Z

#### Dates

- Event date: 2024-10-10T00:00:00.000Z

Reasoning: Historical silver equivalent processed grade and recovery for comparison with current year-to-date results.

Evidence · table

> 778

Context: Average processed grade

## 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.