Why Investors Took a Serious Shine to SilverCrest Metals Stock Today
SilverCrest Metals (NYSEMKT: SILV) stock was worth its weight in gold today, as the precious metals company booked a more than 6% gain on the market Friday. Investors liked the company's latest earnings report, which featured a pair of very convincing beats over analyst projections.
For its first quarter, SilverCrest's revenue totaled $58 million, a robust 42% leap over the less than $41 million it earned in the same period of 2022.
This was aided in no small measure by a jump in mine operating income, which was nearly $10 million higher at $35.6 million. Higher sales of its two key precious metals also helped -- the company's gold sales rose by 25% to 14,200 ounces, while the respective figures for silver were 39% and 1.36 million ounces.
Source Fool.com
