SilverCrest Announces Completion of Construction and Start of Commissioning Activities at Las Chispas – Yahoo Finance


TSX: SIL | NYSE American: SILV 

VANCOUVER, BC, Might 26, 2022 /CNW/ – SilverCrest Metals Inc. (“SilverCrest” or the “Agency”) is joyful to announce that Ausenco Engineering Canada Inc. (“Ausenco”) has fulld enchancment and handed over the Las Chispas processing plant to SilverCrest, forward of the Feasibility Research* schedule. Completely different enchancment actions dealt with immediately by SilverCrest (road, bridge, dry stack tailings facility, short-term diesel power plant and assay lab) have furtherly been fulld.

SilverCrest Metals Emblem (CNW Group/SilverCrest Metals Inc.)

Processing plant commissioning is now beneathway with the plant anticipated To Obtain enterprise manufacturing in This fall, 2022. Given the in depth quantity of beneathground enchancment fulld So far, There is An monumental quantity of stockpiled ore on floor To permit for a extra measured ramp-up of beneathground mining over The primary few years of manufacturing and elevated operational flexibility. The Feasibility Research outlined a plan By which The tactic plant Will not be fed solely from beneathground mined supplies till 2025.

Operations are presently being pohave beend by each the diesel turbines and the partially fulld power line, which collectively is offering All of the Las Chispas power requirements. SilverCrest anticipates absolutely transitioning away from the diesel turbines in H2, 2022 as CFE (Comision Federal de Electricidad, Mexico’s power authority) finalizes its portion of The power line.

Whereas The final capital prices incurred stay to be settled, the capital value of the Las Chispas Enterprise is anticipated to be under the US$137.7 million price range estimated Inside the Feasibility Research.

N. Eric Fier, CEO, remarked, “We’re terribly proud To understand this key milestone, forward of schedule and beneath price range. I commend all Who’ve been involved Inside the project So far and thank our stakeholders, collectively with native communities, For his or her proceedd assist. Ending enchancment marks An monumental de-hazarding step as we transfer in the direction of turning Proper into a extreme-grade useful metallic producer. With our expert and expert group in place, we are properly positioned to work by way of commissioning and ramp-As a lot as achieve enterprise manufacturing in This fall, 2022. Whereas doing so, We’ll proceed with exploration, advancing ongoing tasks Inside the shut toby communities, and Taking A look at methods So as to add further worth for our shareholders.”

Pierre Beaudoin, COO, commented, “I would like to thank the mixed group of Ausenco and SilverCrest For his or her proceedd efforts over the previous 17 months. Ending enchancment Through the COVID-19 pandemic has look ated everyone’s resilience and It is with good satisfaction that I congratulate them for carrying out an unimaginable trio of successes: No primary accidents, under price range and forward of schedule. I am satisfied that this Shall be amongstst the extremelights of their respective careers. With handover now full, we are excited to take the project forward into manufacturing.  Furtherextra It is with good pleasure to announce that We now have opened A mannequin new assay lab Inside the shut toby group of Arizpe (Sonora, Mexico), which has created An monumental Quantity Of lalook at native jobs That Can be sustained past the mine Lifetime of Las Chispas.”

* NI 43-101 Technical Report & Feasibility Research on the Las Chispas Enterprise dated January 4, 2021 (“Feasibility Research”).

SilverCrest is a Canadian useful metallics exploration and enchancment company headquartered in Vancouver, BC, That is focused on new discoveries, worth-added acquisitions and shut to-time period manufacturing in Mexico’s historic useful metallic districts. The company’s prime precedence is on the extreme-grade, historic Las Chispas mining district in Sonora, Mexico, the place it has fulld enchancment of its Las Chispas Enterprise and is persevering with with commissioning. SilverCrest is The primary company to successabsolutely drill-look at the historic Las Chispas Property Ensuing in pretty A pair of extreme-grade useful metallic discoveries. The company is led by a confirmed administration group in all elements of The useful metallic mining sector, collectively with taking tasks by way of discovery, finance, on time and on price range enchancment, and manufacturing.

This information launch incompanys “forward-looking statements” and “forward-looking information” (collectively “forward-looking statements”) Contained in the which Method of relevant Canadian and Usa securities legal guidelines. These embrace, with out limitation, statements with respect to: the timing and expectations of the Agency completing commissioning and ramp up and attaining enterprise manufacturing in This fall, 2022, connection to The power grid in H2, 2022, and beneathground enchancment To Obtain full performance in 2025. Such forward-looking statements or information are based mostly on Numerous assumptions, Which may show to be incorrect. Assumptions have been made relating to, amongst other issues: influence of the COVID-19 pandemic; the reliability of mineralization estimates, mining and enchancment prices, the circumstances Usually financial and monetary markets; availability of expert labour; timing and quantity of expenditures associated to rehabilitation and drilling packages; and end outcomes of regulation by governmental enterprisees. The exact end outcomes might differ suppliesly from these anticipated Inside these forward-looking statements As a Outcome of of hazard elements collectively with: uncertainty as to the influence and interval of the COVID-19 pandemic; the timing and content material Of labor packages; end outcomes of exploration actions; the interpretation of drilling end outcomes and other geological knowledge; receipt, upkeep and safety of permits and mineral property titles; environmental and other regulatory hazards; project value overruns or unanticipated prices and funds; and widespread market and enterprise circumstances. Forward-looking statements are based mostly on the expectations and opinions of the Agency’s administration on the date the statements are made. The assumptions used Inside the preparation of such statements, although althought-about affordable On the time of preparation, may show to be imexact and, as such, readers are cautioned To not place undue reliance on these forward-looking statements, which converse solely as of the date the statements have been made. The company beneathtakes no obligation to replace or revise any forward-looking statements embraced On this information launch if these beliefs, estimates and opinions or other circumstances ought to change, besides as in any other case required by relevant regulation.

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


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