Brien Lundin, in the April, 2014, edition of the Gold Newsletter, refreshes his buy of Silvercrest Mines Inc., recently $1.83. Mr. Lundin said buy three times between July, 2012, and February, 2014, at prices ranging from $1.64 to $2.55. Assuming a $1,000 investment for each of the three buys, the position is now worth $2,697. Silvercrest earned $8.47-million (U.S.) in 2013, down from $30.47-million (U.S.) in 2012. Mr. Lundin says despite the sharp fall in profit, the fact that Silvercrest can still earn money is impressive considering metals prices in 2013. In February, Sandstorm Gold exercised an option to purchase 20 per cent of gold produced from Silvercrest's Santa Elena mine in Mexico. Under the deal, Silvercrest will receive a $10-million deposit up front and $350 for every gold ounce it sells Sandstorm until 50,000 ounces. Mr. Lundin commends the company's ability to attract the financing it needs for Santa Elena. In March, it raised another $23-million from a bought deal. As of year-end 2013, Silvercrest had $25.4-million in working capital and access to $40-million under a Scotiabank credit facility. The company looks ripe for commercial production and more revenue, says the editor. It remains a buy.