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Corporate Presentation
September 2013
Disclaimer
The information provided in this presentation is not intended to be a comprehensive review of all matters and d...
Experienced & Successful Management Team
J. Scott Drever, BSc., Chairman & CEO (45 years experience)
Strategic Planning, M...
4
Overview of SilverCrest
BUILDING THE NEXT MID-TIER SILVER-GOLD PRODUCER
•1,222,351 million Ag Eq oz
•347.5K oz Ag | 14.7...
Capital Structure & Trading History
SVL SHARE STRUCTURE
Issued & Outstanding: 108,843,205
Options: 6,325,000
Fully Diluted...
6
Strong Financial Performance
Revenue & Cash Flow Growth
Strong Working Capital of $41.6 M at
June 30, 2013 & Line of Cre...
7
Financial Performance on a per share basis
Note: Earnings impacted by derivative losses
0.00
0.02
0.04
0.06
0.08
0.10
0....
8
Cash Operating Cost & ALL IN Cash Operating Cost
2013 EST Budget 2012
Cash operating cost ¹ $ 19,822,454 18,307,681
Gene...
CLASSIFICATION* TONNES AU GPT AG GPT CONTAINED AU OZ CONTAINED AG OZ
PROBABLE 3,920,510 1.57 108.1 198,170 13,624,640
PROB...
CATEGORY TONNES AU GPT AG GPT CU %
CONTAINED
AU OZ
CONTAINED
AG OZ
CONTAINED
CU LBS
CONTAINED
AG EQ. OZ
INDICATED 1,141,00...
Mexico Properties Santa Elena Property
11
Santa Elena Mine
1. SANTA ELENA HIGH GRADE OPEN PIT
12
CCD Circuit Construction Site Open Pit
3-Stage Crusher
Santa Elena Production Data
(1) Silver equivalence is based on market spot prices per ounce of silver and gold at the quar...
14
Santa Elena Mine Expansion Plan Capex Schedule
($ Millions) TOTAL 2013
(Revised EST)
2012 2011
Mill Complex 58.7 53.2 5...
Santa Elena Mine Expansion – Construction August 2013
1. SANTA ELENA HIGH GRADE OPEN PIT
15
Santa Elena Mine Expansion – Pre-Feasibility Study, April 2013
1. SANTA ELENA HIGH GRADE OPEN PIT
16
Item Base Case Spot P...
Santa Elena Expansion Operating Cost Estimates
1. SANTA ELENA HIGH GRADE OPEN PIT
17
Mining Method Open Pit Open Pit Under...
Santa Elena 3D View of Stope Layout – Looking Northwest
1. SANTA ELENA HIGH GRADE OPEN PIT
18
$17/t $17/t $38/t
Open Pit
1...
Santa Elena Expansion Production Profile (3000 tpd Mill)
Long Hole Stoping Upfront
Long
1. SANTA ELENA HIGH GRADE OPEN PIT...
20
Potential Mill Feed Schedule 2013 - 2024
Source 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Open Pit (u...
Santa Elena Expansion - Mill Plan (Ultimate Foot Print)
Open Pit
Leach Pad
Phase 1
Leach Pad
Phase 2
Merrill Crowe Plant
F...
*Looking North – Ultimate pit and U/G development: Est. Reserves in pink and Est. Resources in grey.
Drill holes: red dots...
Tortuga
El Cholugo
MMZ
Open Pit
Santa Elena Mine – El Cholugo and Tortuga Discoveries
A
A’
B
B’
Underground
Ramp
Tortuga
I...
Santa Elena Mine – Tortuga Long Section B-B’
*
100m
Ultimate
Pit
*Looking Northeast – Ultimate pit, Ag Eq ratio is 55:1 Ag...
La Joya Project: Geological Model - Phase I & II Drill Program (completed)
25
Conceptual Starter Pit
La Joya Resource Sections A-A’ (Looking NE)
26
“Potential Starter Pit Parameters”:
8-10 year mine life
Low strip ratio
5,0...
La Joya Exploration Potential
La Paloma
27
La Joya Resource Estimate & Preliminary Metallurgy
28
ZONE
Ag Eq* Cut-off
gpt
Tonnage
(000) Ag gpt Au gpt Cu % Ag Eq gpt
A...
Investment Highlights
Unhedged High Grade, Low Cost Producer
Excellent Profit Margins, Strong Balance Sheet
Strong Earning...
30
Institutional Holdings Analyst Coverage
Institutional Investors
Sprott Inc
Wellington Management
Libra Advisors
AGF Inv...
31
Peer Comparables – Market Capitalization & Earnings
Source: Company disclosure and Bloomberg
67.5
150.7
153.3
241.3
295...
Contact Us
Tel: (604) 694‐1730
Toll Free: 1‐866‐691‐1730
Fax: (604) 694‐1761
info@silvercrestmines.com
www.silvercrestmine...
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SilverCrest Mines | Corporate Presentation | September 2013

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SilverCrest Mines Inc. (TSX‐V: SVL; NYSE MKT: SVLC) is a Canadian precious metals producer headquartered in Vancouver, BC. SilverCrest’s flagship property is the 100%‐owned Santa Elena Mine, located 150 km northeast of Hermosillo, near Banamichi in the State of Sonora, México. The mine is a high‐grade, epithermal gold and silver producer, with an estimated life of mine cash cost of US$8 per ounce of silver equivalent (55:1 Ag: Au). SilverCrest anticipates that the 2,500 tonnes per day open pit heap leach facility at the Santa Elena mine should recover approximately 625,000 ounces of silver and 33,000 ounces of gold in 2013. An expansion plan is well underway to nearly double the annual metals production in 2014 at the Santa Elena Mine (open pit and underground). Exploration programs have rapidly advanced the definition of a large polymetallic deposit at the La Joya property in Durango State with stated resources nearing 200 million ounces of Ag equivalent.

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SilverCrest Mines | Corporate Presentation | September 2013

  1. 1. Corporate Presentation September 2013
  2. 2. Disclaimer The information provided in this presentation is not intended to be a comprehensive review of all matters and developments concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented. FORWARD-LOOKING STATEMENTS This presentation contains “forward‐looking statements” within the meaning of Canadian securities legislation and the United States Securities Litigation Reform Act of 1995. Such forward‐looking statements concern the Company’s anticipated results and developments in the Company’s operations in future periods, planned exploration and development of its properties, plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on expectations of future performance, including silver and gold production and planned work programs. Statements concerning reserves and mineral resource estimates may also constitute forward‐looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and, in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Forward‐looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward‐looking statements, including, without limitation: risks related to precious and base metal price fluctuations; risks related to fluctuations in the currency markets (particularly the Mexican peso, Canadian dollar and United States dollar); risks related to the inherently dangerous activity of mining, including conditions or events beyond our control, and operating or technical difficulties in mineral exploration, development and mining activities; uncertainty in the Company’s ability to raise financing and fund the exploration and development of its mineral properties; uncertainty as to actual capital costs, operating costs, production and economic returns, and uncertainty that development activities will result in profitable mining operations; risks related to reserves and mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently estimated and to diminishing quantities or grades of mineral reserves as properties are mined; risks related to governmental regulations and obtaining necessary licenses and permits; risks related to the business being subject to environmental laws and regulations which may increase costs of doing business and restrict our operations; risks related to mineral properties being subject to prior unregistered agreements, transfers, or claims and other defects in title; risks relating to inadequate insurance or inability to obtain insurance; risks related to potential litigation; risks related to the global economy; risks related to the Company’s status as a foreign private issuer in the United States; risks related to all of the Company’s properties being located in Mexico and El Salvador, including political, economic, social and regulatory instability; and risks related to officers and directors becoming associated with other natural resource companies which may give rise to conflicts of interests. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those describedi n the forward‐looking statements. The Company’s forward‐looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, investors should not place undue reliance on forward‐looking statements. he information contained herein is nota a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented. All monetary figures are expressed in United States dollars unless otherwise specified. Qualified Person Under National Instrument (NI 43-101) Standards of Disclosure for Mineral Projects, the Qualified Person for this presentation is N. Eric Fier, CPG, P.Eng. and Chief Operating Officer for SilverCrest Mines Inc., who has reviewed and approved its contents. 2
  3. 3. Experienced & Successful Management Team J. Scott Drever, BSc., Chairman & CEO (45 years experience) Strategic Planning, Mergers & Acquisitions. Management and operational experience with several production companies, including Placer Dome and Blackdome Mining. Barney Magnusson, CA, CFO (35 years experience) Served as an Officer and Director of 6 mining (Dayton Mines, High River Gold Mines) companies that developed, constructed or operated 8 precious metals mines in North and South America. N. Eric Fier, CPG, P.Eng., President & COO (25 years experience) Operations, Project Evaluation & Management. Previously with Newmont Mining, Eldorado Gold, Pegasus Gold Corp. Involvement in construction and operations of 4 successful mines, including Santa Elena. Several major international discoveries. Brent McFarlane, BSc., VP Operations (25 years experience) Managed all phases of open pit and underground mining projects and instrumental in leading Mexican and Int’l projects through feasibility, construction, and production while working for Minefinders, Kappes Cassiday, TVI Pacific, Marston, and Pegasus Gold. Marcio Fonseca, P.Geo., VP Corporate Development (20 years experience) Served as Division Director at Macquarie Metals & Energy Capital with focus on equity and debt financing for the mining sector over the last 9 years. Prior to that, he held corporate positions in business development, project development, operations and exploration with Vale and Phelps Dodge in Latin America. Graham C. Thody, CA, Director (30 years experience) Corp. finance and public company management. Director and President of UEX Corp., Chairman of the Board of Geologix. George W. Sanders, Director (30 years experience) Experience in mining and exploration finance. Previously with Canaccord Capital Corp., Richmont Mines Inc., Consolidated Cinola Mines Ltd., and Shore Gold Inc. Ross Glanville, P.Eng., CGA, Director (40 years experience) Experience in mining, exploration finance, valuations and fairness opinions. Director of Archon Minerals Limited, Clifton Star Resources Inc. and Starfield Resources Inc. 3 FOUNDERS
  4. 4. 4 Overview of SilverCrest BUILDING THE NEXT MID-TIER SILVER-GOLD PRODUCER •1,222,351 million Ag Eq oz •347.5K oz Ag | 14.7K oz Au H1 2013 Production •$ 7.74 per Ag Eq oz ($425 Au Eq) •$14.56 per Ag Eq oz (ALL IN) H1 2013 Cash Cost •$ 8.9 million •31% H1 2013 Earnings & Margin •19.7 million Ag oz •327,430 Au oz Reserves Santa Elena (April 30,2013) •Santa Elena (Underground): •Indicated: 7.9 mill Ag oz, 116,000 Au oz •La Joya: •Inferred: 198.6 million Ag Eq oz Resources* (April 30, 2013) •1 Operating (Santa Elena) •1 Development – PEA (La Joya) Asset Stages •2013: 2.49 million Ag Eq oz •2014: 3.5 – 4 million Ag Eq oz Estimated Production •Mexico: Sonora & DurangoGeographic Location *Additional details on Resources on slide 10 & 11NOTE: Ag Eq based on 55:1 ratio
  5. 5. Capital Structure & Trading History SVL SHARE STRUCTURE Issued & Outstanding: 108,843,205 Options: 6,325,000 Fully Diluted Shares: 115,168,205 Average Option Price: CAD $1.41 MANAGEMENT & KEY SHAREHOLDERS Fully Diluted (as of September 6, 2013) J. Scott Drever, President: 2,391,226 Barney Magnusson, CFO: 2,570,727 N. Eric Fier, COO: 2,157,027 Sprott Asset Management: 7.1% Wellington Management: 6.7% Libra Advisors: 5.7% AGF Investments: 3.7% J.P. Morgan Chase & Co: 1.4% Independent Directors: 1,720,300 TRADING SUMMARY TSX.V NYSE MKT 90 ‐ Day Avg. Daily Volume: 362,807 257,561 52 Week High / Low: $2.96 / $1.19 $3.05/$1.13 Share Price (Sept. 6, 2013): CAD $2.22 Market Cap: CAD $242 M Working Capital (June 30, 2013): $41.6 M Line of Credit $40 M 5
  6. 6. 6 Strong Financial Performance Revenue & Cash Flow Growth Strong Working Capital of $41.6 M at June 30, 2013 & Line of Credit of $40 M ¹ Higher grade areas were mined in this quarter. ¹ Higher working capital due to bought deal financing and cash flow from operations. ‐ 5.00 10.00 15.00 20.00 25.00 USD($millions) Revenue Cash flow 0 10 20 30 40 50 60 USD($millions) Working Capital Working Capital
  7. 7. 7 Financial Performance on a per share basis Note: Earnings impacted by derivative losses 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 0.16 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Quarterly Cash Flow Per Share ‐ $ 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 0.16 Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Quarterly Earnings Per Share (Basic) ‐ $ 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 2011 2012 2013 0.12 0.33 0.09 0.18 0.42 0.13 EPS CFPS ( H1 )
  8. 8. 8 Cash Operating Cost & ALL IN Cash Operating Cost 2013 EST Budget 2012 Cash operating cost ¹ $ 19,822,454 18,307,681 General and Admin expenses $ 7,273,798 5,568,582 Santa Elena Reserve & Resource definition drilling $ 4,705,000 5,644,469 Santa Elena Sustaining capital $ 901,540 1,703,919 Total 2013 est. expense $ 32,702,792 31,224,651 Ag equiv. ounces sold 2,432,136 2,477,623 Cash Cost per Ag equiv. ounce sold $ 8.15 7.39 ALL IN cash cost per Ag equiv. ounce sold ² $ 13.45 12.60 ¹ 2013 EST does not reflect inventory adjustments ² ALL IN” includes total direct costs + sustaining capital + corporate G&A expense + exploration expense.
  9. 9. CLASSIFICATION* TONNES AU GPT AG GPT CONTAINED AU OZ CONTAINED AG OZ PROBABLE 3,920,510 1.57 108.1 198,170 13,624,640 PROBABLE 1,426,710 1.52 66.8 69,830 3,062,200 PROBABLE 2,844,530 0.65 33.3 59,420 3,048,200 SANTA ELENA UNDERGROUND DILUTED AND RECOVERABLE RESERVES** SANTA ELENA OPEN PIT RESERVES*** INDICATED 2,142,820 1.69 114.9 116,000 7,919,000 INFERRED 1,489,750 1.50 155.6 72,000 7,453,000 Santa Elena Updated Reserves and Resources 9 SANTA ELENA LEACH PADS RESERVES**** SANTA ELENA UNDERGROUND RESOURCES***** PROBABLE 8,191,760 1.24 74.9 327,430 19,735,050 TOTAL SANTA ELENA RESERVES Note: All numbers are rounded. Underground and Leach Pad Reserves and Resources are based on 3 year historic metal price trends of US$28/oz silver, US$1450/oz gold and metallurgical recoveries of 92% Au and 67.5% Ag with a metal ratio of Ag:Au at 70:1. All Mineral Resources and Reserves conform to NI 43‐101, 43‐101CP, and CIM definitions for Resources and Reserves. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Indicated Resources. *Open Pit and Leach Pad Probable Reserves were classified by SilverCrest. Underground Reserves and Resources were classified by EBA, a Tetra Tech Company. **Underground Probable Reserve is based on a cutoff grade of 1.47 gpt AuEq with an average 11% dilution and 90% mine recovery. Average true thickness of the designed stopes is 13.4 metres. ***Open Pit Reserve is based on a cutoff grade of 0.20 gpt AuEq in a constrained pit shell with applied capping of 8 gpt Au and 300 gpt Ag. ****Leach Pad Reserve based on production and drill hole data for volumetrics and grade model using a cutoff grade of 0.5 gpt AuEq. No capping was applied. *****Underground Resources are based on 1 gpt AuEq grade shell and cutoff grade of 1.4 gpt AuEq with applied capping of 12 gpt Au and 600 gpt Ag.
  10. 10. CATEGORY TONNES AU GPT AG GPT CU % CONTAINED AU OZ CONTAINED AG OZ CONTAINED CU LBS CONTAINED AG EQ. OZ INDICATED 1,141,000 0.06 64.2 2,300 2,353,400 2,479,900 CRUZ DE MAYO RESOURCES* INFERRED 6,065,000 0.07 66.5 13,300 12,967,100 13,698,600 LA JOYA RESOURCES** INFERRED : 15 gpt cut off 60 gpt cut off 126,700,000 27,900,000 0.17 0.28 23.5 57.5 0.19 0.48 716,200 258,800 95,900,000 51,600,000 533,200,000 288,400,000 198,600,000 100,800,000 Cruz de Mayo & La Joya Resources *Silver equivalency is based on Ag:Au is 55:1 and based on a silver cut‐off grade of 30 gpt, 100% metallurgical recovery is assumed. This is presented in the 2007 Fier and Stewart Technical Report; PFS pending . ** Silver equivalency for La Joya includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. 100% metallurgical recovery is assumed. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than indicated Resources. 10
  11. 11. Mexico Properties Santa Elena Property 11
  12. 12. Santa Elena Mine 1. SANTA ELENA HIGH GRADE OPEN PIT 12 CCD Circuit Construction Site Open Pit 3-Stage Crusher
  13. 13. Santa Elena Production Data (1) Silver equivalence is based on market spot prices per ounce of silver and gold at the quarter end dates. All numbers are rounded. Santa Elena Mine Operating Highlights Q2 2013 Q1 2013 Q2 2012 Silver ounces produced 194,022 153,481 139,850 Gold ounces produced 7,463 7,225 8,584 Silver equivalent ounces produced ⁽¹⁾ 665,684 556,667 646,553 Silver ounces sold 181,398 157,088 124,739 Gold ounces sold 7,375 7,370 8,679 Silver equivalent ounces sold 647,504 568,380 637,050 Tonnes ore mined 339,256 257,726 269,802 Tonnes waste mined 856,144 1,100,362 1,283,493 Waste / ore ratio 2.52 4.27 4.76 Ore tonnes crushed 307,091 259,597 317,958 Average ore tonnes crushed per day 3,375 2,884 3,494 Average silver ore grade (gpt) loaded on pad 65.99 62.38 39.45 Average gold ore grade (gpt) loaded on pad 1.48 1.55 1.35 Silver ounces delivered to pad 651,572 520,614 403,264 Gold ounces delivered to pad 14,612 12,938 13,764 Ag: Au Ratio (1) 63.2:1 55.8:1 59.0:1 13
  14. 14. 14 Santa Elena Mine Expansion Plan Capex Schedule ($ Millions) TOTAL 2013 (Revised EST) 2012 2011 Mill Complex 58.7 53.2 5.5 ‐ Underground Development 12.6 8.1 3.5 1.0 Drilling & Pre‐Feasibility 10.7 4.7 5.0 1.0 (*) Excludes $5 M contingency included in PFS 82.0 ⁽*⁾ 66.0 14.0 2.0 Pre Feasibility released in July 2013 Decline ramp, UG development and drilling in process Construct, 3,000 tonnes per day conventional mill by Q1 2014 Mill feed from Open Pit and Underground in 2014
  15. 15. Santa Elena Mine Expansion – Construction August 2013 1. SANTA ELENA HIGH GRADE OPEN PIT 15
  16. 16. Santa Elena Mine Expansion – Pre-Feasibility Study, April 2013 1. SANTA ELENA HIGH GRADE OPEN PIT 16 Item Base Case Spot Price Gold Price (US$/oz.) $ 1,450 $ 1,250 Silver price (US$/oz.) $ 28 $ 19.5 IRR (%) 88% 49% DCF NPV @ 5% in millions $223.7 $108.7 Payback (production years) 1.1 1.7 Base Case Economic Analysis Results ¹ Production Gold Ounces Sold ‐ post refiner 262,739 Silver Ounces Sold ‐ post refiner 12,118,926 Revenue US$(000) Gross Sales $684,931 Operating Expenses Total Operating Costs ² $282,223 Freight & Refining $5,579 Capital Expenses Total Capital Costs ³ $87,813 Pre-Tax Cash Flow Total Cash Flow ⁴ $302,481 1 The economic analysis considers SilverCrest delivering a remaining 31,000 ounces of gold at a price of US$350/oz. under the Sandstorm Agreement. It does not include the effect of the option held by Sandstorm to participate in the future underground mine production. 2 Operating cost per AgEQ oz. sold varies between $9.6 and $12.6 over the life of mine 3 Excludes sunk costs, up to April 30, 2013, closure costs and working capital, including contingency 4 Includes deductions of $5 million for closure costs and $1.8 million for working capital
  17. 17. Santa Elena Expansion Operating Cost Estimates 1. SANTA ELENA HIGH GRADE OPEN PIT 17 Mining Method Open Pit Open Pit Underground Leach Pad Process Method Heap Leach CCD Mill CCD Mill CCD Mill Mining Cost/T ore $2.42 $2.50 $25 ¹ $0.25 to 0.75 Mining Cost/T waste $1.52 $2.00 NA NA Processing Cost/T 2 $6.65 $20.50 $20.50 $18.50 General & Administration 3 $3.30 $3.00 $3.00 $3.00 Overall Metal Recoveries: Gold 63% 92% 92% 92% Silver 40% 67.5% 67.5% 67.5% 1 Underground mining costs, dilution and mine recovery are based on stope type, either long hole (69% of design stopes) or cut and fill (31% of designed stopes) mining method. 2 Processing includes crushing, milling, site refining and dry stack tailings disposal. 3 Estimated based on current operations and may vary on an annual basis.
  18. 18. Santa Elena 3D View of Stope Layout – Looking Northwest 1. SANTA ELENA HIGH GRADE OPEN PIT 18 $17/t $17/t $38/t Open Pit 1 km 400 mtr
  19. 19. Santa Elena Expansion Production Profile (3000 tpd Mill) Long Hole Stoping Upfront Long 1. SANTA ELENA HIGH GRADE OPEN PIT 19 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 Ounces Au : Ag - 55:1Ag Eq Oz's of Au Produced Ag Oz's Produced NOTE : Production Profile based on “Expansion PFS April 2013” results. An estimated 750,000 tonnes of open pit ore will be placed on the pad in 2013 and accounted for in early 2014 as additional ore for reprocessing during the mine life. Currently-OpenPit POTENTIAL FOR EXTENDING OR INCREASING IN PRODUCTION: A) Additional Santa Elena Resources B) La Joya Coming On Stream
  20. 20. 20 Potential Mill Feed Schedule 2013 - 2024 Source 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Open Pit (until August 2014) Underground (to commence Q3|2014) Heap Leach Reprocessing (to commence Q3|2014) Cruz de Mayo (1) (2) Note (1): Resources (hatched) Note (2): Open pit ore still to be put on pad in 2013 (hatched) as leach pad material Reserves by January 2014
  21. 21. Santa Elena Expansion - Mill Plan (Ultimate Foot Print) Open Pit Leach Pad Phase 1 Leach Pad Phase 2 Merrill Crowe Plant Future Crushing Circuit Waste Dump Future CCD Circuit , 3000 tpd Underground Decline Portal 21 Production Well A A'
  22. 22. *Looking North – Ultimate pit and U/G development: Est. Reserves in pink and Est. Resources in grey. Drill holes: red dots 2005-2011, blue 2012-13, green stars Newly Reported Santa Elena Mine Expansion – MMZ Long Section A-A’ * OPEN OPEN OPEN Current Ramp Original Surface Location El Cholugo & El Cholugo Dos Tortuga Ongoing U/G drilling (1st Production Stopes) 148 152 166 160 181144 175 183 182142 179 180155 171 158 176 145 168 173 161 151 165 OPEN 200m Ultimate Pit 22
  23. 23. Tortuga El Cholugo MMZ Open Pit Santa Elena Mine – El Cholugo and Tortuga Discoveries A A’ B B’ Underground Ramp Tortuga In Pit Wall El Cholugo In Pit Wall 100m N 23
  24. 24. Santa Elena Mine – Tortuga Long Section B-B’ * 100m Ultimate Pit *Looking Northeast – Ultimate pit, Ag Eq ratio is 55:1 Ag:Au Drill holes: Red dots 2005-2011, Green stars Newly Reported 99 (projected) 52 98 97 19 169 143 150 167 149 146 157 177 178 164 170 163 162 174 154 156 172 147 153 159 Greater than 150 gpt Ag Eq*, ave. 3 m width OPEN OPEN OPEN 24
  25. 25. La Joya Project: Geological Model - Phase I & II Drill Program (completed) 25 Conceptual Starter Pit
  26. 26. La Joya Resource Sections A-A’ (Looking NE) 26 “Potential Starter Pit Parameters”: 8-10 year mine life Low strip ratio 5,000 – 7,000 tpd throughput Est. 4 to 5 million Ag Eq oz/year
  27. 27. La Joya Exploration Potential La Paloma 27
  28. 28. La Joya Resource Estimate & Preliminary Metallurgy 28 ZONE Ag Eq* Cut-off gpt Tonnage (000) Ag gpt Au gpt Cu % Ag Eq gpt Ag Oz (000) Au oz (000) Cu lbs (000) Ag Eq* Oz (000) Total 15 126,700 23.5 0.17 0.19 48.7 95,900 716.2 533,200 198,600 30 71,200 34.4 0.22 0.28 69.8 78,700 524.8 436,800 159,800 60 27,900 57.5 0.28 0.48 112.2 51,600 258.8 288,400 100,800 **Classified by EBA, A Tetra Tech Company and conforms to NI 43‐101, 43‐101CP, and CIM definitions for resources. All numbers are rounded. Inferred Resources have been estimated from geological evidence and limited sampling and must be treated with a lower level of confidence than Measured and Indicated Resources. Mineralization boundaries used in the interpretation of the geological model and resource estimate are based on a cutoff grade of 15 gpt Ag Eq using the metal price ratios described below. Note: all the metal grades are based on weighted average values. * Silver equivalency (Ag Eq) includes silver, gold and copper and excludes lead, zinc, molybdenum and tungsten values. Ag:Au is 50:1, Ag:Cu is 86:1, based on 5 year historic metal price trends of US$24/oz silver, US$1200/oz gold, US$3/lb copper. ** Contact composite was collected and analyzed to target tungsten and molybdenum recoveries. Batch Cleaner Flotation Test Results – Baseline Current Resource Estimate (PEA focus on 60 gpt cut-off) Composite Head Assay 3rd Cleaner Concentrate Assay Recovery (%) Cu % Ag gpt Au gpt Ag Eq* gpt Mo % Cu % Ag gpt Au gpt Ag Eq* gpt Mo % Cu Ag Au Mo Manto 0.34 45.0 0.15 81.7 0.004 36.3 4,700 3.40 7,991 0.27 86.7 84.3 18.2 59.6 Structure 0.46 58.0 0.25 110.0 0.003 34.3 3,980 9.45 7,402 0.17 82.7 76.7 42.4 59.7 Contact** 0.07 4.0 0.10 15.0 0.011 16.7 670 17.40 2,976 2.02 83.6 63.7 66.4 65.4
  29. 29. Investment Highlights Unhedged High Grade, Low Cost Producer Excellent Profit Margins, Strong Balance Sheet Strong Earnings And Cash Flow Significant Increase In Production by 2014 Good Organic Growth Opportunities Expanding Resources & Reserves Building The Next Mid‐Tier Silver‐Gold Producer Personnel In Place For Future Growth Upcoming Catalysts 2013 Quarterly Production Data & Financial Statements Santa Elena Expansion Updates Santa Elena Exploration Results La Joya Preliminary Economic Assessment 29Santa Elena CCD Tank Construction
  30. 30. 30 Institutional Holdings Analyst Coverage Institutional Investors Sprott Inc Wellington Management Libra Advisors AGF Investments JP Morgan Chase I.G. Investment Management Tocqueville Asset Management Great West Life US Global Investors Firm Analyst Canaccord Genuity Nicholas Campbell Cormark Securities Graeme Jennings Dundee Capital Chris Lichtenheldt Euro Pacific Capital Inc. Heiko Ihle Haywood Securities Benjamin Asuncion Jennings Capital Kwong-Mun Achong Low PI Financial Corp Philip Ker Raymond James Chris Thompson Stonecap Securities Christos Doulis
  31. 31. 31 Peer Comparables – Market Capitalization & Earnings Source: Company disclosure and Bloomberg 67.5 150.7 153.3 241.3 295.4 518.4 552.6 ‐1.90 0.65 ‐3.80 8.80 15.20 13.90 ‐3.90 ‐50 50 150 250 350 450 550 Scorpio Minng Aurcana Silver Great Panther SILVERCREST Timmins Gold Endeavour Silver Fortuna Silver Peer Comparables - September 06, 2013 Market Capitalization H1 2013 Earnings
  32. 32. Contact Us Tel: (604) 694‐1730 Toll Free: 1‐866‐691‐1730 Fax: (604) 694‐1761 info@silvercrestmines.com www.silvercrestmines.com Suite 501 ‐ 570 Granville Street Vancouver, BC V6C 3P1 SILVERCRESTMINES.COM MEDIA PRESENTATIONS Scan the QR codes above for more info. Get the FREE mobile app: http://gettag.mobi 32

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