Weekend Show – Sat 19 Oct, 2019

Hour 1 – Emerging Market Opportunities, Resource Sector M&A, Ecuador Updates, and an Update From SilverCrest Metals
Full Hour

I will be at the Schachter Energy Conference today in Calgary on the look out for some attractive oil and gas companies. If anyone is at the conference please email me (Fleck@kereport.com) so we can meet up.

The first hour of the show I feature Adrian Day, SilverCrest Metals, and Chris Temple with an update on the situation in Ecuador. I hope you all enjoy and I hope everyone has a great weekend!

  • Segment 1 and 2 – Adrian Day kicks off the show by looking at the relative value in global markets compared to US equities. In the second segment we shift focus to the resource sector and discuss why M&A has been slow in general.
  • Segment 3 – SilverCrest Mines released news on reconciliation results from the Babicanora Vein. Eric Fier, CEO of SilverCrest provides some more details on the results that yielded higher grades and more ounces from the February 2019 resource model. Click here to read over the full news release.
  • Segment 4 – Chris Temple wraps up the first hour with an update on the political and business situation in Ecuador.

Exclusive Company Updates This Week


Company Updates From Management – Mon 30 Sep, 2019

SilverCrest Metals – A Comprehensive Overview of the Las Chispas Project

SilverCrest Metals (TSX:SIL & NYSE:SILV) continues to outperform the market by drilling high grade silver results at the Las Chispas Project in Senora Mexico. CEO Eric Fier join me for a detailed look at the Project starting with the historical workings and through to the work already done by the Company over the past three and a half years. We also discuss the growth potential of the resource as the Company has multiple drills onsite.

Please email me with any questions you have for the team at SilverCrest to Fleck@kereport.com.

Click here to visit the SilverCrest website and review the full Corporate Presentation.

Lobo Tiggre – The Independent Speculator – Mon 26 Aug, 2019

Gold at a 6 year high and silver playing catch up

Lobo Tiggre, Editor of the Independent Speculator joins me for a close look at the gold and silver markets. With gold recently hitting a 6 year high last night and silver continuing to play catch up there is a lot for PM bulls to talk about. We also discuss a silver play that Lobo likes and what he looks for in gold stocks.

Click here to visit Lobo’s site and sign up for his free email updates.

Silvercrest upgrades resource at Las Chipas ahead of PEA

Silvercrest Metals (TSXV: SIL; NYSE: SILV) has upgraded the resource at its Las Chispas silver-gold property in Sonora, Mexico, to the indicated category for the first time.

The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver, or 1,234 grams silver equivalent, for 224,900 oz. gold and 22.89 million oz. silver, or 39.8 million oz. silver equivalent.

The project also contains 3.6 million inferred tonnes at 3.32 grams gold and 332.5 grams silver, or 581 grams silver equivalent, for 388,300 oz. gold and 38.9 million oz. silver, or 68.1 million oz. silver equivalent.

Silvercrest based its updated resource on 10 of 30 known veins at the project. It included 118 additional holes it drilled at the property; 39 holes which discovered the Babi Sur vein, 61 additional holes at the Babicanora vein and 18 more holes expanding the Babicanora Norte vein.

The company plans to include this resource in a preliminary economic assignment it aims to release in 2019’s second quarter. It will continue infill drilling inferred resources with seven core drills and test up to five new vein prospects with five core drills in the first half of 2019.

(This article first appeared in The Northern Miner

The post Silvercrest upgrades resource at Las Chipas ahead of PEA appeared first on MINING.com.

Silvercrest finds another vein at Las Chispas

Silvercrest Metals (TSXV: SIL; NYSE: SILV) has discovered the Babi Sur silver-gold vein on its Las Chispas property in Sonora, Mexico, through recent drilling.

The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur. The vein sits parallel to the project’s Babicanora vein, about 300 metres away. The company has now found six high grade veins at Las Chispas, all parallel to Babicanora and on average 150 metres apart. The company has now found six high grade veins at Las Chispas, all parallel to Babicanora and on average 150 metres apart.

The company intends to include Babi Sur in an upcoming resource update for Las Chispas. The resource will include at least nine of the 30 veins Silvercrest has identified in the district so far; the current resource includes eight of the 30 veins.

The company currently has 12 drill rigs at Las Chispas; five trying to expand the resource at Babi Sur and seven infilling Babicanora. The company has plans to drill four more untested veins in the area.

Highlights from the latest drilling at Babi Sur include: 2.2 metres grading 18.78 grams gold per tonne and 2,147.3 grams silver, or 3,565 grams silver equivalent, from 230 metres downhole as well as 2.2 metres at 4.63 grams gold and 208.8 grams silver, or 556 grams silver, from 147 metres downhole.

The company has assayed 39 holes from Babi Sur so far. It has intercepts the vein’s high grade footprint with 14 holes.

The company intends to drill 30,000 to 40,000 metres at Las Chipas in the first half of 2019. It plans to table an updated resource for the project in the first half of the year and a preliminary economic assessment shortly after.

Shares of Silvercrest are currently valued at $4.75 with a 52-week range of $2.03 to $4.99. The company has a $403 million market capitalization.

This story first appeared at The Northern Miner.

The post Silvercrest finds another vein at Las Chispas appeared first on MINING.com.

BMO: Silvercrest Metals could be ‘takeover candidate’

SilverCrest Metals expects to update the resource estimate and complete a preliminary economic assessment in the first quarter of the year on its Las Chispas silver project in Mexico.

A resource estimate in September 2018 focused on an estimated 5.5 km of about 20 known kilometers of cumulative vein strike length in the district, about 180 km northeast of Hermosillo in the state of Sonora.

Las Chispas’ current inferred resource measures 4.3 million tonnes grading 3.68 grams gold per tonne and 347 grams silver per tonne.

In addition to the resource update and PEA slated expected before the end of March, the company plans to finish a prefeasibility study before the end of the year and start an exploration decline at the project’s high-grade Babicanora vein. Over the past two years, SilverCrest has been a stand-out success story against a backdrop of many precious metals companies whose share prices have struggled.

BMO Capital Markets analyst Ryan Thompson has initiated coverage of the stock with an outperform rating and a target price of $6.50 per share.

SilverCrest Metals shares are currently trading at $4.80 within a 52-week range of $2.00 and $4.99. The company has 85 million common shares outstanding for a market cap of $409 million.

“Over the past two years, SilverCrest has been a stand-out success story against a backdrop of many precious metals companies whose share prices have struggled,” Thompson wrote in a Feb. 12 research note to clients. “Las Chispas is a scarce asset (high grade, silver) so we think the strong share price performance has been warranted.”

Given the project’s high grades, the company’s proven management track record, and exploration upside, Thompson added, “we think these features make the company an attractive acquisition target.”

Prior to the formation of SilverCrest Metals, CEO Eric Fier was a co-founder and chief operating officer of SilverCrest Mines, which was acquired by First Majestic Silver (TSX: FR; NYSE: AG) in October 2015.

It was Fier, Thompson notes, who headed the team that discovered Santa Elena in 2006, developed the project, [and] operated the mine, “underscoring a proven management track record.

Thompson believes that the Santa Elena mine’s construction “will serve as a blueprint for Las Chispas.”

Fier has also worked previously as chief geologist for Pegasus Gold Corp., senior engineer and manager with Newmont Mining (NYSE: NEM), and project manager at Eldorado Gold Corp. (TSX: ELD).

Thompson also points out that Silver Standard Resources (TSX: SSRM) acquired a 9.9% stake n the company in December at $3.73 per share, and that SilverCrest Metals’ management, board and employees, own about 16% of the company’s shares.

Elsewhere in Sonora, SilverCrest (TSXV: SIL) owns the Huasabas property, 190 km northeast of Hermosillo, and Cruz de Mayo, 163 km northeast of Hermosillo.

Thompson asserts SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”

“We view Silver Standard Resources’ 9.9% investment as partial validation of our thesis, but we think the list of potential acquirers is not limited to SSR. Given SilverCrest’s modest capex requirements and high margins, it is likely that several mid-cap precious metals companies could apply a premium to SIL’s recent share price and realize accretion to cash flow and margins when the mine enters production.”

This story first appeared in The Northern Miner.

The post BMO: Silvercrest Metals could be ‘takeover candidate’ appeared first on MINING.com.

Silvercrest nears new resource at Las Chispas

Silvercrest Metals (TSXV: SIL; NYSE: SILV) continues cutting high grade mineralization at its Las Chispas silver property in Sonora, Mexico.

The latest results from a phase three infill drill program at the property included 9.3 metres grading 39.66 grams gold and 3,361 grams silver, or 6,336 grams silver equivalent, from 194 metres downhole and 2.4 metres at 4.3 grams gold and 1,571.5 grams silver, or 1,894 grams silver equivalent, from 319 metres downhole.

The results come from two of 13 new infill holes at the Area 51 zone of the project’s Babicanora vein. The company also reported seven other infill holes from the project’s Babicanora Central zone and Babicanora Footwall and Hangingwall veins.

The company has so far drilled 39 phase three infill holes at Las Chispas; 28 of them in Area 51. It currently has nine drills turning at the project, focussed both on upgrading inferred resources to the measured and indicated categories and expanding mineralization. The company hopes to update the Las Chispas resource estimate in 2019’s first quarter.

As of a September 2018 update, the project contains 4.3 million inferred tonnes grading 3.68 grams gold and 347 grams silver, or 623 grams silver equivalent, for 511,500 oz. gold and 48.29 million oz. silver, or 86.7 million oz. silver equivalent.

The company is also working on a preliminary economic assessment at Las Chispas. It’s breaking ground for the Area 51 decline, testing metallurgy, drilling wells for water and permitting.

Shares of Silvercrest are currently trading at $3.94 with a 52-week range of $1.75 to $4.05. The company has a $336 million market capitalization.

This article originally appeared in The Northern Miner.

The post Silvercrest nears new resource at Las Chispas appeared first on MINING.com.

Company Updates From Management – Fri 14 Dec, 2018

SilverCrest Metals – A Look Ahead To 2019 For A Standout Stock In The Silver Sector

SilverCrest Metals has been one of the few bright lights in the silver sector. I chatted with the VP of Corporate Development Michael Rapsch to review the developments from this year and look ahead to 2019. The Company has been aggressively drilling with 10 drills this year and plans to continue a large scale campaign in 2019. We get the 2019 plans, a new resource next year. as well as some comments on the business environment in Mexico.

If you have any follow up questions on SilverCrest please email me at Fleck@kereport.com.

Download audio file (2018-12-14-Michael-Rapsch-Silvercrest-Metals.mp3)

Click here to visit the SilverCrest website.