Precious Metals

SilverCrest Closes US$138 Million Bought Deal Financing Including US$18 Million Over-Allotment Option Exercised in Full

TSX: SIL | NYSE American: SILV

SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce the completion of its prospectus offering announced on February 11, 2021 for the issuance of a total of 15,007,500 common shares at a price of US$9.20 per common share for gross proceeds of US$138,069,000 including exercise of the over–allotment option in full (the "Offering"). The Offering was co–led by Scotiabank, Raymond James Ltd., and RBC Capital Markets on behalf of a syndicate of underwriters that included PI Financial Corp. and BMO Capital Markets.

The Company plans to use the net proceeds of the Offering to expand the Las Chispas resources and reserves through further drilling, to optimize the mine and processing plant design, to explore regional targets, and for general working capital purposes.

ABOUT SILVERCREST METALS INC.
SilverCrest is a Canadian precious metals exploration and development company headquartered in Vancouver, BC , that is focused on new discoveries, value-added acquisitions and targeting production in Mexico's historic precious metal districts. The Company's current focus is on the high-grade, historic Las Chispas mining district in Sonora, Mexico . The Las Chispas Project consists of 28 mineral concessions, of which the Company has 100% ownership, where all the known mineral resources and reserves are located. SilverCrest is the first company to successfully drill-test the historic Las Chispas Property resulting in numerous high-grade precious metal discoveries. The Company is led by a proven management team in all aspects of the precious metal mining sector, including taking projects through discovery, finance, on time and on budget construction, and production.

FORWARD-LOOKING STATEMENTS
This news release contains "forward–looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Such forward–looking statements concern the intended use of proceeds. Such forward–looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; timing and amount of capital expenditures; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward–looking statements as a result of the risk factors including: the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; and general market and industry conditions. Forward–looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward–looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward–looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

N. Eric Fier , CPG, P.Eng
Chief Executive Officer
SilverCrest Metals Inc.

Cision View original content: http://www.prnewswire.com/news-releases/silvercrest-closes-us138-million-bought-deal-financing-including-us18-million-over-allotment-option-exercised-in-full-301232523.html

SOURCE SilverCrest Metals Inc.

Cision View original content: http://www.newswire.ca/en/releases/archive/February2021/22/c6340.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)

SILVERCORP DECLARES SEMI-ANNUAL DIVIDEND OF US$0.0125 PER SHARE

Silvercorp Metals Inc. logo (CNW Group/Silvercorp Metals Inc)

Trading Symbol: TSX/NYSE American: SVM

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less

SILVERCORP DECLARES SEMI-ANNUAL DIVIDEND OF US$0.0125 PER SHARE

Silvercorp Metals Inc. logo (CNW Group/Silvercorp Metals Inc)

Trading Symbol: TSX/NYSE American: SVM

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

First Majestic Announces Voting Results from Annual General Meeting

First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (FSE: FMV) ("First Majestic" or the "Company") is pleased to announce the voting results for its annual general meeting held on May 25, 2023.

A total of 121,898,845 shares were represented at the meeting, being 44.41% of the Company's issued and outstanding common shares. The voting results submitted by proxy are as follows:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
rows of silver bars

How to Invest in Silver (Updated 2023)

How does one invest in silver given the metal’s notorious volatility? That’s a question on many investors’ minds.

Silver has long been an attractive vehicle not only for storing wealth, but for generating it too. Silver bugs rave about the growth opportunities to be had in a price rally. However, what goes up must come down, and the silver market is prone to deep dives.

Before investing in silver, one should consider the pros and cons, how the white metal can be added to a portfolio, the elements that affect silver’s movements and where its price could be headed. Read on to learn more.

Keep reading...Show less

SILVERCORP REPORTS ADJUSTED NET INCOME OF $37.0 MILLION, $0.21 PER SHARE, AND CASH FLOW FROM OPERATION OF $85.6 MILLION FOR FISCAL 2023

Trading Symbol: TSX: SVM
NYSE AMERICAN: SVM

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the three months ("Q4 Fiscal 2023") and twelve months ended March 31, 2023 ("Fiscal 2023"). All amounts are expressed in US dollars, and figures may not add due to rounding.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Fortuna pours first gold at its Séguéla Mine in Côte d'Ivoire

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that the first gold has been poured at the Séguéla Mine, in Côte d'Ivoire. The first pour took place yesterday, May 24, as the mine transitions from commissioning to the ramp-up phase.

Jorge A. Ganoza, CEO of Fortuna, commented: "Séguéla has produced its first gold, becoming Fortuna's fifth operating mine. The team at Séguéla has performed phenomenally and delivered on-time and on-budget, a testament to their professionalism and dedication in bringing this asset from exploration to production. Mr. Ganoza continued, "Séguéla now enters into the ramp-up phase where management plans to achieve nominal rate of production during the third quarter. Séguéla will be a cornerstone asset in Fortuna's portfolio for years to come, and we look forward to unlocking the value it brings to all of our stakeholders."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×