Silver Stocks to Buy #3: SilverCrest Mines (SVLC)
Click to Enlarge SilverCrest Mines (SVLC) is a smaller operator, with a 209 million market cap, that operates in Mexico and Central America. The company’s primary focus is its Santa Elena Project in Sonora State, Mexico.
SilverCrest, like Fortuna, maintained profitability in mid-2013 in tough market conditions, and is on track to report earnings of 12 cents per share for the full year with 21 cents expected in 2014.
The company reported solid Q4 and full-year production numbers as the digging at the Santa Elena Project goes deeper, reflecting higher-quality ore veins at depth.
That bodes well for the future, especially with silver bullion prices on the mend, as SVLC transitions from open-pit to underground mining.
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