SilverCrest Mines, Inc. (SVLC) - NYSEMKT
  • Jul. 27, 2015, 2:59 PM
    • Canada’s silver mining sector gets some much-needed consolidation with First Majestic Silver's (AG -12.5%) friendly takeover of SilverCrest Mines (SVLC +16.6%), and the deal is praised by Desjardins Capital analyst Michael Parkin, who calculates that SVLC’s Santa Elena mine in Mexico generated impressive free cash flow of US$2.99/oz. of silver equiv. production in Q1.
    • Parkin notes the deal boosts AG’s production by ~26% and improves its balance sheet by adding $30M of cash, and he thinks Santa Elena may beat its guidance this year; the mine is expected to produce 4M-4.4M silver equiv. oz., but Q1 production reached a record 1.35M silver equiv. oz.
    • The analyst sees potential for a higher bid on the deal, considering Santa Elena's impressive production and SVLC is generating free cash flow and has a relatively solid balance sheet.
    | Jul. 27, 2015, 2:59 PM | 8 Comments
  • Dec. 30, 2014, 4:18 PM
    • With the dollar falling against the yen and pound and a minor flight to safety afoot - Treasurys are higher, stocks have closed moderately lower - COMEX gold is up 1.4% today to $1,197/oz., and COMEX silver is up 2.6% to $16.20/oz. The gains have provided a lift to the volatile/beaten-down shares of gold and silver miners.
    • Notable gold gainers: IAG +11.7%. ABX +3.6%. AUY +5.2%. NEM +3.6%. GG +4.6%. AU +4.2%. SBGL +4.9%. KGC +4.1%. AGI +5%. AEM +5.1%.
    • Notable silver gainers: AG +7.6%. SVM +7.1%. SSRI +6.2%. SVM +6.4%. PAAS +3.9%. SVLC +5.2%. EXK +6.9%.
    • ETFs with 3%+ gains: NUGT +10.1%. GDXJ +5.1%. USLV +9.7%. UBG +5.4%. USV +3.8%. SIVR +3.4%. AGQ +6.3%. BAR +3.2%. DBS +3.2%.
    • The group rallied on Friday after the PBOC relaxed lending rules for banks, but sold off on Monday.
    | Dec. 30, 2014, 4:18 PM | 16 Comments
  • Jun. 26, 2013, 12:45 PM
    Midday top 10 gainers: RSOL +26%. RPTP +18%. HNSN +16%. BLDP +15%. CSIQ +15%. NVTL +13%. JKS +12%. SYNA +11%. PSTR +11%. HOMB +10%.
    Midday top 10 Losers: CBMX -12%. MG -12%. MEET -12%. FCFS -10%. GORO -10%. SVLC -10%. WLT -9%. FCSC -9%. VIMC -9%. TGD -9%.
    | Jun. 26, 2013, 12:45 PM
  • Jun. 20, 2013, 12:45 PM
    Midday top 10 gainers: OTIV +16%. LGND +14%. FNSR +12%. NYNY +10%. ZN +9%. NVGN +8%. CEDU +8%. CLSN +7%. COGO +7%. GME +7%.
    Midday top 10 Losers: EBIX -41%. FLO -35%. RIOM -16%. DQ -14%. ORMP -13%. PVG -11%. FCEL -11%. SVLC -11%. CLFD -10%. PGNX -10%.
    | Jun. 20, 2013, 12:45 PM | 1 Comment
Company Description
SilverCrest Mines Inc is engaged in the operation, exploration, development and acquisition of precious metal properties in Mexico. Its projects includeSanta Elena Mine,La Joya Project,Ermitao Property, andCruz de Mayo Project.
Industry: Industrial Metals & Minerals
Country: Canada