Vancouver, British Columbia--(Newsfile Corp. - February 6, 2014) - Silver-Investor.com's David Morgan interviews SilverCrest Mine's Scott Drever, CEO. SilverCrest's (TSXV: SVL) (NYSE-MKT: SVLC) flagship property is the 100%-owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México.
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The company recently announced record production of 2.66 million silver equivalent ounces for 2013 and record production of 796,751 silver equivalent ounces for the fourth quarter of 2013 from its Santa Elena Mine.
During the fourth quarter of 2013, the Santa Elena mine produced a record 228,787 silver ounces almost 50% more than the same quarter in 2012. Silver production continues to set quarterly records due to improvement in recoveries and higher grade ore loaded on the leach pad. Gold production of 9,218 ounces was 18% above the same quarter in 2012. Open pit tonnes and grades have continued to reconcile closely with the resource model and mine plan and all aspects of operations continue to function well.
N. Eric Fier, President and COO stated; "2013 was another successful year and marked SilverCrest's second full year in commercial production. Management congratulates our operating team for their valuable contributions and for delivering on their commitments. Moving forward in 2014, SilverCrest will continue to focus on delivering strong operating results and optimizing our operating cash flow as we complete the Santa Elena Expansion and increase production to approximately 3.3 million to 3.6 million silver equivalent ounces. Management will continue to focus on improving cash flows by reducing costs and increasing productivity where possible to offset the current precious metals prices. Operating cash costs are expected to range from $8.50 to $9.25 per silver equivalent ounce in 2014. Further details on market guidance will be presented in the upcoming annual financial report."
For more information please visit the company's website www.silvercrestmines.com, or contact Fred Cooper at 1-866-691-1730 or email info@silvercrestmines.com.
David Morgan is a widely recognized analyst in the precious metals industry and consults for hedge funds, high net worth investors, mining companies, depositories and bullion dealers. He is the publisher of The Morgan Report on precious metals, author of "Get the Skinny on Silver Investing", and a featured speaker at investment conferences in North America, Europe and Asia. For the latest on silver, please visit www.silver-investor.com.
InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short three minute videos based on significant news releases and research reports.
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