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Top Stock News

SilverCrest Updates Santa Elena Mine Transition

SilverCrest Mines Inc. (the "Company")(SVL.TO)(NYSE MKT:SVLC) is pleased to provide an update for the transition of the Santa Elena Mine in Sonora, Mexico from open pit heap leach to underground mining and milling operations. Activities at the mine are now moving from capital intensive expenditures for the overall Expansion Plan to operating costs and sustaining capital expenditures for underground development with emphasis on generating free cash flow through continued strict cost controls. The most significant transition activities are outlined below.

Santacruz Silver Announces US$28.4M Silver Prepay Agreement

Santacruz Silver Mining Ltd. ("Santacruz" or the "Company") (SCZ.V) is pleased to announce that it has entered into a US$28.4 million Pre-paid Silver Purchase Agreement with JMET, LLC to sell 4,635,000 ounces of silver through August 2019, subject to certain adjustments relating to metal prices. In addition to US$ 28.4 million that will be paid to the Company up front upon satisfaction of certain conditions, at the time of each delivery the Company will receive an amount per ounce of silver equal to the market price at the time, less a fixed discount. It is anticipated that the upfront payment will be advanced within the next two weeks. Under the agreement, the Company maintains the upside on the silver price.

Santacruz Silver Reports PEA Results and New Resource on San Felipe Project, Mexico

Santacruz Silver Mining Ltd. (SCZ.V) is pleased to announce the results of a Preliminary Economic Assessment ("PEA") and new resource estimate prepared pursuant to National Instrument 43-101 ("NI 43-101") on its San Felipe Project located 130 km northeast of Hermosillo in Sonora State, Mexico.

SilverCrest Confirms Underground High Grades at Santa Elena; 13m @ 2.54 gpt Au and 307.0 gpt Ag; Including 0.7m @ 18.25 gpt Au and 2,900 gpt Ag

SilverCrest Mines Inc. (SVL.TO)(NYSE MKT:SVLC) (the "Company") is pleased to announce results of underground infill drilling completed in July, 2014 at its 100% owned Santa Elena Mine in Sonora, Mexico. Twenty five closely-spaced underground drill holes, totaling 2,856 metres were completed to better define reserves and verify widths and grades for planned production stopes (see table below and attached figure: http://media3.marketwire.com/docs/966248.pdf). The results of all holes included in this news release will be part of the resource update scheduled to be completed by early 2015.

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