SilverCrest Metals Inc. (AMEX:SILV) Q3 2023 Earnings Call Transcript

Unidentified Analyst: That’s great. And in terms of communicating the results from that from the market, I know there was lab backlogs and things like that due to COVID delays and such. Are you seeing the processing time from what you guys are finding on site to having a lab analyze the results of your drill findings? Is that lag time decreased? So like you said, you’re hoping to have communication to the market by the end of this year. Are you seeing a decline in that lag? Obviously, my investors are big growth investors. And we’re happy, again, that we’re getting back to that level now that the mill is operating as we expected. And the financial health of the company is very strong. So just curious on what you’re seeing from that side of things?

Eric Fier: Yes, we use two labs, ALS Chemex and SGS. I’ll speak of ALS Chemex and the exploration of samples that are going there for assays. And then I’ll turn it over to Pierre and he can talk about SGS. So our lab turnover is decent right now. It’s three to four weeks. It was during COVID, because everybody scurried home. Double that, but it’s a decent rate now as we use ALS. And they’re out of hand to see in North Vancouver. So Pierre, if you can talk about SGS.

Pierre Beaudoin: Yes. So if you look in our technical report, we actually built our own lab in Arizpe. That was part of our ESG efforts to return some work in the municipality. And this lab, we contracted it out to SGS. And SGS is in the process of getting this lab certified. They’ve been working on it now for more than a year. And we expect that this lab is going to be certified within – before the end of the year. And when this happens, actually all the samples from the company are going to go to this lab. And the turnover is going to go from essentially four weeks down to probably days. Because it’s going to be our own certified facility.

Unidentified Analyst: That’s great. Thanks for answering the questions. The last comment I want to make is not a question. Just Chris, keep buying back that stock. I appreciate it.

Chris Ritchie: Thanks, Matt.

Operator: There are no further questions at this time. Please proceed.

Eric Fier: Thank you, everyone, for attending the SilverCrest Q3 2023 results call. Have a great day.