# SilverCrest Provides First Quarter Operational Results and Conference Call Details

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/silvercrest-provides-first-quarter-operational-results-and-conference-call-detai--8017fc4a-0d30-49ad-b5d9-aa1f3103281d

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: 2026-08-24 11:04:51 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

SilverCrest Metals Inc. announced robust operational results for Q1 2024 from its Las Chispas Operation in Sonora, Mexico. The company achieved record silver equivalent process grades of 874 gpt and recoveries of 98.3%, with silver sales exceeding plan. Gold and silver production also saw year-over-year increases, demonstrating strong performance.

Reasoning: SilverCrest Metals Inc. reported strong Q1 2024 operational results from its Las Chispas Operation, including record silver equivalent grades and recoveries, and increased gold and silver production compared to Q1 2023.

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

- Positive factor: Strong gold and silver recoveries

- Positive factor: Silver sales exceeding plan

- Positive factor: Increased gold and silver production year-over-year

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

Facts used in scoring: 30

## Classification and evidence

**High Recovery**

Polarity: positive

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

Why it applies: Gold process recovery of 98.6%, silver process recovery of 98.0%, and silver equivalent process recovery of 98.3% are all exceptional for mill processing.

Evidence · text

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

**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: The news release states that N. Eric Fier, CPG, P.Eng, CEO for SilverCrest, a Qualified Person under NI 43-101, reviewed and approved its contents.

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.

**Production Increase**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Gold recovered increased from 13,300 oz in Q1 2023 to 14,719 oz in Q1 2024, and silver recovered increased from 1.29 million oz to 1.41 million oz over the same period.

Evidence · table

> 14,719

Context: oz

**Grade Improvement**

Polarity: positive

Story-specific tag

Definition: Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: Average processed grades for gold increased from 4.06 gpt to 4.97 gpt, for silver from 419 gpt to 479 gpt, and for silver equivalent from 742 gpt to 874 gpt from Q1 2023 to Q1 2024.

Evidence · text

> record silver equivalent process grades of 874 grams per tonne

## Extracted facts

Stored fact records: 0. Some facts used in scoring do not have a stored record.

No stored fact records are available for this extraction.

## 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.