skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. SIL: Why the big drop in SIL today? [SilverCrest Metals Inc.]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Why the big drop in SIL today? Worth holding on or time to move on?

Thanks
Asked by Irshad on August 02, 2023
5i Research Answer:

SIL released an updated technical report on its Las Chispas (Mexico) project which highlighted (?) lower reserve grades and substantially higher unit costs. Unit costs were 25% higher than most estimates. The report resulted in multiple broker downngrades and the biggest drop in the stock since the start of the pandemic. The stock is cheap, and the drop reflects at least some of the new news, but investors really hate this type of announcement. Inflation is not new in the industry, but the grades are a bigger concern. We expect the stock flat lines now for some time and we would be fine sitting this one out for the balance of the year. 

Let us help YOU reach your financial goals today!

Start your FREE trial today and enjoy all the benefits of a 5i Membership including:

  • Access to a team of experts ready to answer your investments question 
  • Instant access to over 100,000 archived questions
  • A community of like-minded investors
  • Peace of mind knowing that 5i Research has only YOUR best interests in mind