Brian Post, ROTH Capital Partners (1/18/13) "SilverCrest Mines Inc.'s management released its 2013 production forecast, calling for 625 Koz Ag and 33 Koz Au. . .with healthy operations at Santa Elena and encouraging results from its exploration activities at both Santa Elena and La Joya, we expect a steady stream of news flow to favorably influence key drivers in our valuation model and provide tailwinds for the company's shares in 2013. We maintain our Buy rating and $5 price target."
Dale Mah, Dundee Securities (1/17/13) "SilverCrest Mines Inc. announced Q4/12 silver production of 153.9 Koz and gold production of 7.8 Koz, which exceeded our estimates by 17% and 9% respectively. . .we have updated our model consistent with 2013 company guidance, extended mine life to 2022 (was 2017) and raised production for 2014–2017 to average 4.2M silver oz eq. . .we maintain our Buy recommendation. . .we are encouraged by 2012 production, which beat our estimate and the company's own higher revised guidance."
Christos Doulis, Stonecap Securities (1/17/13) "SilverCrest Mines Inc.'s total 2012 production was 580 Koz Ag, significantly beating revised guidance of 535 Koz Ag and exceeding the company's initial guidance of 435 Koz Ag by 33%. . .we continue to maintain that at current share prices, investors are getting the Santa Elena mine for a good price and are paying nothing for SilverCrest's La Joya project. . .we are maintaining our Outperform rating."
Jeff Wright, Global Hunter (1/17/13) "SilverCrest Mines Inc. reported record production, exceeding initial guidance for 2012, and is on track for a strong 2013. The company believes that the Santa Elena mine can effectively double production by the end of 2014. . .if SilverCrest can execute in line with its higher guidance, the leap to a midtier silver producer with low cash costs is well within its grasp by 2014."
Henk Krasenberg, Goldview (1/17/13) "At SilverCrest Mines Inc.'s Santa Elena mine in Mexico, production over the first nine months of 2012 reached 425,748 oz silver and 25,173 oz gold, together equal to 1,782,808 silver equivalent ounces. For the full year, this figure is expected to come to 2.2 Moz. But there is a lot more to tell, such as the low cost of production and the impressive expansion potential."