20:30:33 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Silvercrest Mines Inc
Symbol SVL
Shares Issued 118,753,205
Close 2015-09-02 C$ 1.14
Market Cap C$ 135,378,654
Recent Sedar Documents

Taylor says buy Silvercrest Mines

2015-09-02 22:06 ET - In the News

Jay Taylor, in the Aug. 12, 2015, edition of Gold, Energy & Tech Stocks, says buy Silvercrest Mines Inc., recently $1.43. Mr. Taylor said buy twice -- on Feb. 19, 2010, at 90 cents and on Nov. 12, 2010, at $1.59. He then said sell on Feb. 14, 2011, at $1.94. Assuming a $1,000 investment for each of the two buys, selling the $2,000 position at $1.94 yielded a $1,343 profit. Mr. Taylor said buy two more times -- on Jan. 16, 2014, at $1.83 and on Oct. 15, 2014, at $1.53. Assuming a $1,000 investment for each of the two new buys, the $2,000 position is now worth $1,714. Silvercrest produced 1.62 million ounces of silver equivalent in the first quarter of 2015, a record for the company. It earned $2.5-million and brought in $7.3-million of cash flow. Mr. Taylor says Silvercrest tends to underpromise and overperform, which is why he has very high regard for its management. He is worried however by rumours of some health issues among senior management. If the rumours are true and management becomes disabled, investors could have cause for concern. Aside from that, the editor thinks everything looks good. As a primary silver producer, this stock should perform exceedingly well once precious metals turn bullish.

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