The first revenue from the sale of precious metals was recorded in Q3, 2022. SilverCrest sold 23,600 ounces of AuEq (11.4K Au + 1.1M Ag) in 2022 and generated revenue of $43.5 million. At the end of December 2022 , there were also 3,600 ounces of gold and 0.32 million ounces of silver as finished goods inventory in process to be refined. Operating income was $28.4M, with cost of sales at $15.1M. Positive net income of $31.3 million resulted in basic earnings on a per share basis of $0.21. They closed the year with $50.8 million in cash and cash equivalents and $16.0 million of value-added tax refund that they expect to receive in 2023.
SilverCrest Closes 2022, Records First Sale of Metal
