by David Kranzler
Investment Research Dynamics
Silvercrest Metals was formed by the former management of Silvercrest Mines, which was acquired by First Majestic in 2015 for $154 million. The primary property interest for Silvercrest Metals is the Las Chispas project.
Silvercrest’s trench samples showed the possibility of high grade silver mineralization on the property, which is believed to have historically produced about 120 million ozs of silver and 200k ozs of gold through 1930. Silvercrest confirmed the high probability of a prolific silver deposit with the release of its first drilling results: