SilverCrest Receives Environmental Permit For Mexican Project
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.