![]() In the quarter, we generated revenue of $58 million. I will now pass the call to Chris to discuss financial results for the quarter. We are also very proud to announce that we recently received a notable ESG award in Mexico and we look forward to continuing with this momentum. The second year of our Water Stewardship Plan in the local communities, which is based on the findings of our TCFD work is progressing nicely and we remain on track to deliver our inaugural ESG report in Q2. We will continue to advance our ESG initiatives, including a strong focus on health and safety, as well as risks and opportunities within the community in which we operate. This report forms the basis for future production and cost guidance. The underground mine ramp-up is progressing as per updated rates.Ĭompletion of the updated Technical Report, so I’d like to refer this to the updated feasibility study remains on schedule for late Q2. Also one of our biggest success stories to-date is how our stockpiles have continued to create value and reduce risk. The Las Chispas operation continues to perform well with the processing plant, meeting or exceeding design parameters. Our early ramp-up success, coupled with our robust cash position has allowed us to accelerate debt prepayments, which significantly derisked our balance sheet. We have focused on ramping up, gaining further confidence with operations, generating free cash flow while reducing operational and financial risk. Q1 marked our first full quarter of commercial production. On the call with me today are Chris Ritchie, President and Pierre Beaudoin, Chief Operating Officer. All figures discussed this morning are in U.S. The slide deck will be referring to is available on our website at under the Investor tab.īefore we get started, I’d like to direct you to the forward-looking statements on slide two. Today, we’ll be providing commentary on our first full quarter of production after which we’ll be happy to take questions. And thanks, everyone, for joining the first quarterly earnings call as a precious metal producer. I would now like to turn the conference over to Eric Fier, CEO and Director. This call is being recorded on Friday, May 12, 2023. Following the presentation, we will conduct a question-and-answer session. At this time, all lines are listen-only mode. And welcome to the SilverCrest Reports First Quarter 2023 Results Conference Call. ![]() John Tumazos - John Tumazos Very Independent Research Pierre Beaudoin - Chief Operating Officer ( NYSE: SILV) Q1 2023 Earnings Conference Call 11:00 AM ETĮric Fier - Chief Executive Officer and Director
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