Seeking Alpha – SilverCrest: An Interview With CEO Scott Drever
April 14, 2013
Silvercrest Mines (SVLC) is a precious metals miner operating the Santa Elena Mine in the Mexican state of Sonora and developing the La Joya project further to the South in the state of Durango. The year 2012 has been the first full year in production at the Santa Elena mine and Silvercrest has managed to outperform market expectations by exceeding guidances and reporting revenues of $70.5M and a net income of $30.5M. The market capitalisation is $254M and the forward P/E is listed as 7.61 on Yahoo.com. The development of the Santa Elena mine was partly financed by a streaming agreement with Sandstorm Gold (SAND).
