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Vancouver, British Columbia--(Newsfile Corp. - April 24, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce that it has closed the private placement with SSR Mining Inc. ("SSR Mining") previously announced on April 21, 2020 pursuant to which SSR Mining elected to exercise its equity participation right.SSR Mining purchased 3,597,291 common shares of the Company at a price of C$7.50 per share for a total ...
Vancouver, British Columbia--(Newsfile Corp. - January 3, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce that SSR Mining Inc. ("SSR Mining") has elected to exercise its Shareholder Participation Right pursuant to an agreement between the Company and SSR Mining dated November 28, 2018 (see news release dated November 29, 2018). Accordingly, SSR Mining has agreed to purchase 1,819,074 shares of SilverCrest for aggregate proceeds ...
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
Vancouver, British Columbia--(Newsfile Corp. - April 13, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce a non-brokered private placement of 10,000,000 common shares of the Company at a price of C$7.50 per share for gross proceeds of C$75 million (the "Private Placement"). The common shares issued under the Private Placement will be purchased by accredited or institutional investors. SilverCrest will pay a cash finder's fee ...
Vancouver, British Columbia--(Newsfile Corp. - April 21, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce that SSR Mining Inc. ("SSR Mining") has elected to exercise its equity participation right pursuant to an agreement between the Company and SSR Mining dated November 28, 2018 (see news release dated November 29, 2018). Accordingly, SSR Mining has agreed to purchase 3,597,291 shares of SilverCrest ("SSR Mining Placement") for ...
8.8 Metres at 1,136 gpt AgEq 6.6 Metres at 502 gpt AgEq Vancouver, British Columbia--(Newsfile Corp. - November 14, 2019) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce expansion drill results for the Babi Vista Vein in the Babicanora Area of the Las Chispas Project ("Las Chispas") located in the state of Sonora, Mexico. The drilling announced today has defined the initial high-grade footprint of the recently ...
1.8 Metres est. true width at 11,148 gpt AgEq0.9 Metres est. true width at 2,036 gpt AgEqVancouver, British Columbia--(Newsfile Corp. - May 12, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce that it will be restarting exploration and development work at its Las Chispas Project ("Las Chispas") in Sonora, Mexico by mid-May using strict COVID-19 protocols (see news release dated March 30, 2020). This release also ...
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest") announces that it has received notice from National Bank Financial Inc. ("NBF") purporting to terminate its obligations pursuant to an agreement dated March 11, 2020 (the "Agreement") whereby NBF had asked for and agreed to purchase on a "bought deal" basis 9,100,000 common shares at price of $8.25 per common share. The "bought deal" financing was ...
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to summarize its 2019 highlights and present its outlook for 2020. SilverCrest begins 2020 with a strong balance sheet with C$124 million in the bank and no debt. The Company also starts the year with a substantial backlog of exploration drill results to report in Q1, 2020. The Company is working ...
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2020) - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce that it has closed the private placement with SSR Mining Inc. ("SSR Mining") previously announced on January 3, 2020 pursuant to which SSR Mining elected to exercise its shareholder participation right.SSR Mining purchased 1,819,074 common shares of the Company at a price of C$7.28 per share for a total investment of C$13,242,859. The common ...
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce metallurgical test results with increased precious metal recoveries and enhanced process design changes for the ongoing Feasibility Study ("FS") at the Las Chispas Property ("Las Chispas") located in Sonora, Mexico. After nine months of extensive further metallurgical test work involving all veins in the current resource and multiple ...
2.5 Metres at 6,931 gpt AgEq 7.8 Metres at 877 gpt AgEq2.8 Metres at 2,109 gpt AgEqVancouver, British Columbia--(Newsfile Corp. - January 20, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce additional in-fill and expansion drill results from the Babi Sur Vein ("Babi Sur", or the "Vein") of the Las Chispas Project ("Las Chispas") located in the state of Sonora, Mexico. In-fill and expansion drilling ...
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2019) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce additional expansion drill results for the Las Chispas Property (the "Property") located in Sonora, Mexico. The current drill program on the Las Chispas and Giovanni veins is designed to expand high-grade precious metal mineralization by stepping out from historic underground workings along the down plunging mineralized trend towards intact ...
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the completion of its non-brokered private placement of common shares of the Company (the "Offering") which was originally announced on April 13, 2020 for C$75 million. The Company issued a total of 13,465,001 common shares at a price of C$7.50 per common share for gross proceeds of C$100,987,507.50, representing ...
1.4 metres est. true width at 16,189 gpt AgEq 2.4 metres est. true width at 9,006 gpt AgEq1.6 metres est. true width at 13,345 gpt AgEqVancouver, British Columbia--(Newsfile Corp. - February 18, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce a new discovery and additional drill results from the Babicanora Norte Vein ("Babi Norte Vein", or "Babi Norte", or the "Vein") of the Las ...
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2019) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce the completion of its prospectus offering announced on December 3, 2019 whereby the Company issued a total of 12,650,000 common shares at a price of C$7.28 per common share for gross proceeds of C$92,092,000, including exercise of the over-allotment option in full (the "Offering"). The Offering was led ...
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") announces protocols to minimize exposure to the novel coronavirus (the "Virus" or "COVID-19") in order to decrease risk to the Company's employees, contractors, families and communities near the Las Chispas Project ("Las Chispas") located in Sonora, Mexico. In collaboration with government agencies, the Company will temporarily suspend its ongoing exploration and underground development work ...
Let’s bring it down to basics; investors want to see returns. After all, the comings and goings of the markets and daily price fluctuations are interesting to observe, but they would have significantly less appeal if the possibility of profit was taken out of the equation.Like in any field, though, there are multiple routes to achieving the desired end-goal. You could go it alone and develop the skills of spotting a compelling investment opportunity, or maybe follow the lead of a fellow investor. Or you could go the tried and tested way of listening to the experts’ advice.Here’s where we turn to the Street, where according to some, the massive disruption caused by the coronavirus has created particular openings for investors. We will take a look at two stocks which were recently reassessed by those in the know. What’s more, in addition to receiving a higher rating, the analysts see each surging by at least 40% in the year ahead. Let's take a closer look.SilverCrest Metals (SILV)SilverCrest has been Wall Street’s biggest standout of 2019, with shares skyrocketing over 120%. The biggest question for investors, then, is whether those gains are likely to continue. B.Riley FBR analyst Adam Graf came out with an answer. The analyst upgraded SILV shares from Neutral to Buy, along with a $9.60 price target. The implication? Further upside of a handsome 40%. (To watch Graf’s track record, click here)SilverCrest’s focus is on the exploration and drilling of gold and silver in Mexico, where it has two flagship projects, the Las Chispas property and the Cruz de Mayo property. Of the two, the latter is currently attracting the bulk of attention. Exploration of the facility is currently in high gear and accelerated drilling has been taking place amid rumors of a potential takeover of the high-flying small cap. Last month SilverCrest announced it had made the highest-grade discovery so far on the property in the Babicanora Norte Vein (called Area 200) of the Las Chispas Project. The discovery drill hole BAN19-200 intercepted 2.0 metres grading 6,418 grams per tonne silver equivalent. Area 200 joins Area 118 and Area 51 zones as the third "treasure chest" of high-grade gold-silver ore.The discovery has not gone unnoticed by Graf: “We maintain our favorable view of the company's flagship project, Las Chispas, which is approaching final feasibility and a construction decision. [...] Exploration continues to yield new high grade gold-silver zones (e.g. Area 200 zone)—effectively increasing resource grade and project IRR [...] As the discovery of Area 200 zone demonstrates, SILV is not passing up opportunities to define new high grade zones to upgrade the overall project and quicken capital payback.”Overall, 3 additional Buy ratings add up to a Strong Buy consensus rating. The average price target of $8.50 could provide gains in the shape of 24%, should the figure be met over the next year. (See SILV price targets and analyst ratings on TipRanks)Warrior Met Coal (HCC)Like many other sectors, the coal industry has been hit hard by the coronavirus, disrupting supply and demand dynamics. US metallurgical coal producer Warrior Met Coal has been feeling the pinch, too. HCC stock is down by 11% year-to-date. The current lower share price provides an attractive entry point, at least according to B.Riley FBR analyst Lucas Pipes.Pipes upped his rating on HCC from Neutral to Buy, as he believes the coal mine company is worth about 77% more than it’s currently selling for, and should hit $33 within the next 12 months. (To watch Pipes’ track record, click here)The Alabama based company’s latest quarterly results noted a number of positives. EPS of $0.23 beat the Street’s call by $0.05; Revenue of $204.9 million beat the estimate by $7.76 million. For the full year, Warrior pulled off record annual sales volume of 8.0 million short tons, whilst also posting best-ever annual production volume of 8.5 million short tons.In other recent news, Warrior announced it is to begin development of its Blue Creek reserves into a new mine located in Alabama. When finished, the company believes the investment will establish its standing as the leading U.S. pure-play producer of premium metallurgical coal products. Warrior exports 100% of this type of coal, which is necessary for the manufacture of steel in blast furnaces.Pipes notes that while finding the perfect met coal stock is difficult, macro volatility and the uncertain outlook for China have caused the rising prices in the Pacific Basin to have gone unnoticed for too long. The analyst believes “on an apples-to-apples comparison, the stock looks too cheap to justify anything but a Buy rating.”Pipes added, “We believe Warrior Met Coal occupies the most favorable market position based on current market trends. HCC's high-quality coal reserves and ability to price its coal at a percentage of Australian LV HCC put the company in a relatively stronger position than many met coal domestic peers… Given the much more robust prices for Australian low-vol today, names tied to Pacific Basin prices such as Warrior Met Coal could benefit first.”All in all, Warrior’s Moderate Buy consensus rating breaks down into 3 Buys and 2 Holds. With an average price target of $31.25, the analysts foresee an additional 68% to the share price over the next 12 months. (See HCC stock analysis on TipRanks)
2.1 Metres est. true width at 12,740 gpt AgEq 1.1 Metres est. true width at 13,022 gpt AgEq1.6 Metres est. true width at 5,831 gpt AgEq This press release contains images the previous release did not.Vancouver, British Columbia--(Newsfile Corp. - March 9, 2020) - SilverCrest Metals Inc. (TSX: SIL) (NYSE American: SILV) ("SilverCrest" or the "Company") is pleased to announce in-fill and expansion drill results for the Babi Vista Vein ("Babi Vista") in the Babicanora Area ...