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SilverCrest Receives Environmental Permit For Mexican Project

Kitco News

SilverCrest Metals (NYSE:SILV) said on Thursday that it was granted its environmental impact statement by the Mexican government to develop its Las Chispas Project in the State of Sonora, Mexico.

SilverCrest Metals was last up 10% and trading at $4.89.

The company said the permits give the company conditional approval to construct a 3,000 tonne per day underground mine and a conventional processing facility with subsequent dry stack tailings.

SilverCrest expects to have its feasibility study completed in H1 and construction to start in H2.

SilverCrest has 14 drill rigs operating on the site.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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