05:20 PM EDT, 07/11/2024 (MT Newswires) -- SilverCrest Metals Inc. ( SILV ) was last seen up 1.7% in after-hours New York trading after the company on Thursday reported lower second-quarter gold and silver production from its Las Chispas Operation in Mexico.

SilverCrest said it produced 15,303 ounces of gold in the period, down 7.3% from 16,500 ounces in the year-prior period, as it mined lower-grade ores. However gold sales rose 8.2% to 14,500 ounces while its average price per ounce rose 12% to US$2,237 per ounces.

Silver production fell 4.6% to 1.45-million ounces from 1.53 million, with sales unchanged at 1.45-million ounces,. However its average price per ounce rose 14% to US$27.84.

"Sales in the first half of 2024 of 5.19 million AgEq (silver-equivalent) ounces position us well to deliver on our 2024 annual sales guidance of 9.8 to 10.2 million ounces AgEq. Silver equivalent processed grades of 765 grams per tonne and recoveries of 98.4% tracked above plan, with silver recoveries setting another record for the operation. This, combined with substantial increases in gold and silver prices in the quarter, drove record revenues and a return to growth of treasury assets in the quarter," chief executive Eric Fier said in a release.

The company's shares were last seen up US$0.16 after hours. They closed up $0.25 to $13.05 on the Toronto Stock Exchange.