SilverCrest Metals (TSE:SIL) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$72.7m (up 17% from 2Q 2023).

• Net income: US$6.49m (down 73% from 2Q 2023).

• Profit margin: 8.9% (down from 38% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.044 (down from US$0.16 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SilverCrest Metals EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 74%.

Looking ahead, revenue is expected to decline by 4.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 13%.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 17% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with SilverCrest Metals (including 1 which makes us a bit uncomfortable).

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