07:45 AM EST, 01/15/2025 (MT Newswires) -- SilverCrest Metals ( SILV ) was at last look up 1.6% in US pre-market trading on Wednesday as it provided interim operational results for the fourth quarter and full year of 2024 from the Las Chispas Operation located in Sonora, Mexico.

The company also said it is continuing to advance its announced transaction with Coeur Mining, which remains on track to close in the first quarter.

Among Q4 2024 operating highlights, the company said it recovered 13,993 ounces gold and 1.38 million ounces silver, or 2.50 million silver equivalent ounces; sold 15,100 ounces gold and 1.45 million ounces silver, or 2.65 million AgEq ounces. It noted average realized prices of $2,647 per oz gold and $31.26 per oz silver, generating revenue of US$85.2 million, a 6% increase from Q3 2024; and treasury assets increased by $35.2 million from Q3 2024 to end the quarter at $193.4 million, including $153.4 million in cash and $40.0 million in bullion.

On 2024 operating results and sales, the company said it recovered 58,943 ounces of gold and 5.66 million ounces of silver, or 10.35 million AgEq ounces; sold 59,804 ounces of gold and 5.75 million ounces of silver, or 10.50 million AgEq ounces, exceeding its 2024 sales guidance of 10.0 to 10.3 million AgEq ounces. It noted average realized price of $2,356 per oz gold and $28.03 per oz silver generating $301.9 million of revenue, a $56.8 million, or 23%, increase from 2023; and treasury assets increased by $88.3 million during 2024 to end the year at $193.4 million.

"We achieved record annual sales, which exceeded the top end of our 2024 guidance, delivered a 15% beat on tonnes mined relative to budget, achieved targeted plant throughput and availability, and exceeded budgeted silver equivalent processed grades by approximately 7%," said Chief Executive Eric Fier. "Importantly, all of this was achieved while maintaining a sizable surface stockpile which will allow for continued flexibility at the operation. These efforts resulted in record annual revenue of $301.9 million, driving a 84% increase in treasury assets."

At last look, the shares traded at US$10.24 in New York.