EMERGING HIGH GRADE SILVER PRODUCER - NOVEMBER 2021 - SILVERCREST METALS
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Emerging High Grade Silver Producer November 2021
Cautionary Statements
Forward-looking statements
This presentation contains “forward‐looking statements” and “forward-looking information” (collectively “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation. These include, without
limitation, statements with respect to: the economics and project parameters presented in the Feasibility Study, including IRR, AISC, NPV, and other costs and economic information; mineral resource and reserve estimates contained in the
Techncial Report; possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the strategic plans, timing, costs and expectations for the Company’s future
development and exploration activities on the Las Chispas Property, including the start up of production at the Las Chispas Mine by mid-2022, permitting for various work, and optimizing and updating the Company’s resource & reserve model;
information with respect to high grade areas and size of veins projected from underground sampling results and drilling results at the Las Chispas Property and El Picacho Property; and the accessibility of future mining at the Las Chispas
Property. Assumptions have been made regarding, among other things: impact of the COVID-19 pandemic; the reliability of mineralization estimates, mining and development costs; the conditions in general economic and financial markets;
availability and costs of mining equipment and skilled labour; accuracy of the interpretations and assumptions used in calculating resource estimates; operations not being disrupted or delayed by unusual geological or technical problems; ability
to develop and finance the Las Chispas Project; and effects of regulation by governmental agencies. The actual results could differ materially from those anticipated in these forward‐looking statements as a result of the risk factors set forth below
and elsewhere in this presentation: uncertainty as to the impact and duration of the COVID-19 pandemic; fluctuations in precious metals prices, price of consumed commodities and currency markets; 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 mineral resource figures being estimates based on interpretations and assumptions which
may result in less mineral production under actual conditions than is currently estimated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and
other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. The assumptions used in the preparation of such statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to
update or revise any forward-looking statements included in this presentation, except as otherwise required by applicable law.
Cautionary Note to US Investors
This presentation includes Mineral Reserves and Mineral Resources classification terms that comply with reporting standards in Canada and the Mineral Reserves and the Mineral Resources estimates are made in accordance with National
Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and
technical information concerning mineral projects. These standards differ significantly from the requirements of the SEC applicable to domestic United States reporting companies. Consequently, Mineral Reserves and Mineral Resources
information included in this news release is not comparable to similar information that would generally be disclosed by domestic US reporting companies subject to the reporting and disclosure requirements of the SEC. Accordingly, information
concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with US standards.
Non-IFRS Measures
SilverCrest has included certain non-IFRS performance measures as detailed below. In the mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The
Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, it is intended to provide
additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. All-in Sustaining Cash Costs – The Company defines AISC once in production as the sum of
operating costs (as defined and calculated above), royalty expenses, sustaining capital, corporate expenses and reclamation cost accretion related to current operations. Corporate expenses include general and administrative expenses, net of
transaction related costs, severance expenses for management changes and interest income. AISC excludes growth capital, reclamation cost accretion not related to current operations, interest expense, debt repayment and taxes. For the
purpose of the Feasibility Study, AISC does not include corporate G&A and exploration expenditures for the Project. While there is no standardized meaning of the measure across the industry, the Company's definition conforms to the all-in
sustaining cost definition as set out by the World Gold Council in its guidance dated June 27, 2013. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies.
The Company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations. Net Free Cash Flow – SilverCrest calculates net free cash flow by
deducting cash capital spending from net cash provided by operating activities. The Company believes that this measure provides valuable assistance to investors and analysts in evaluating the Company’s ability to generate cash flow after capital
investments and build the cash resources of the Company. The most directly comparable measure prepared in accordance with IFRS is net cash provided by operating activities less net cash used in investing activities.
Qualified Person
Under NI 43-101, the Qualified Person for this presentation is N. Eric Fier, CPG, P.Eng. and CEO for SilverCrest Metals Inc., who has reviewed and approved its contents.
Terms of Reference
Feasibility Study (or “FS”) - The technical report titled “Technical Report & Feasibility Study on the Las Chispas Project, Sonora, Mexico”, with an effective date January 4, 2021 and prepared by Ausenco Engineering Canada Inc., is available under
the Company’s profile on SEDAR on www.sedar.com.
Silver Equivalent ("AgEq") is based on an Au:Ag ratio of 86.9:1 calculated using $1,410/oz Au and $16.60/oz Ag, with average metallurgical recoveries of 96% Au and 94% Ag. This ratio is applied throughout this presentation to Mineral Resources
and Reserves, production and AISC per oz.
Base Case metal prices used in this analysis are $1,500 per Au oz and $19.00 per Ag oz.
2
Leadership
Executive Team Board Of Directors
N. Eric Fier, CPG, P.Eng Chris Ritchie, MBA Graham C. Thody, CPA, N. Eric Fier, CPG, P.Eng
Chief Executive Officer President CA Director
Chairman, Director & Audit
30+ years experience, 15+ years experience,
Committee Chair
Geological & Mining Capital Markets & Risk
Engineer Management
Pierre Beaudoin Anne Yong, CPA, CA John H. Wright, BSc., Ross O. Glanville,
Chief Operating Officer Chief Financial Officer P,Eng P.Eng, MBA, CPA, CGA
Director & Corp. Director
30+ years experience, 10+ years experience,
Operating & Project Governance and
Assurance, Financial
Development and Mineral Reporting & Compliance Nominating Committee
Processing Chair
Rosy Fier, CPG Tara Hassan, P.Eng Ani Markova, MBA, Hannes Portmann,
VP Exploration VP Corporate Development CFA, CDI.D CPA, CA, B.Sc.
Director & SESS Committee Director & Compensation
10+ years experience, 15+ years experience,
Chair Committee Chair
Geological & Mining Mining Engineer and Capital
Engineer Markets
Cliff Lafleur, P.Eng Eric Fier, CPG, P.Eng Laura Diaz, Masters Bernard Poznanski,
VP Technical Services
Director
ESG (in progress) LLB, LLM, B.Sc.
Director Corporate Secretary
20+ years experience,
Mining Engineer
(1) Full biographies in appendix
3
Corporate Structure
Capital Structure (US$, Unless Otherwise Noted)
Exchanges Listed NYSE American: SILV, TSX: SIL Index (GDXJ & TSX Institutional
Comp) Holding
NYSE American Share Price $9.02(1)
Insiders (Officers and
TSX Share Price C$11.37(1)
Directors)
Shares Issued & Outstanding - Basic 145.0M(2)
Shares Issued & Outstanding - Fully
151.2M(2)
Diluted
Fully Diluted Market Capitalization $1,364M(1)
Retail
Weighted
Options
Expiry Average Options
Value
Year Exercise (M)
($M)(3)
Price(C$)
Options Expiring
2021 2.30 0.3 $2.8
2022 1.88 0.4 $3.7 Value of Shares Purchased to Annual Base Salary(5)
2023 2.72 2.3 $19.5
Cash $172M (2)
Debt Facility Drawn $60M(2)
Debt Facility Undrawn $60M(2)
Average daily market value (last 3
$7.6M
months)
Source: Bloomberg and S&P Market Intelligence
(1) As of Nov 18, 2021 (2) As of Oct 31, 2021 (3) Calculation based on option value to holders as of Nov 19, 2021
(4) Capital Structure chart based on Shares Issued & Outstanding Basic 4
(5) Calculation based on share price and share ownership as at Oct 31, 2021 and 2021 base salaries
Location & Timeline
Milestones H1 21 H2 21 H1 22 H2 22
Formal Construction Decision
Plant Detailed Engineering
Drilling – Conversion and
Exploration
Construction
Underground Development and
Stockpile Growth
Resource and Reserve Update
Production Ramp-up
Picacho Phase 1 Exploration
5
Cash Flow and Growth on the Horizon
Build Explore Responsible Growth
Fully Funded Construction Well Near Term Cash Flow Focus Efficient Use of Capital
Underway 2021 Las Chispas exploration focused Production anticipated 3x faster
54% in Q3 2021, 80% completion on improving and optimizing mine plan than peer average(2)
expected by year end
Near Term Production Focused on Risk Mitigation and Risk Mitigation
Production beginning in Q2 2022, Optimization Flexible balance sheet, rigorous
estimated ~US$160M project level Infill and near mine target COVID protocols, fixed price EPC
free cash flow in 2023 at Base Case(1) prioritization contract
Strong Balance Sheet Long Term Exploration Upside Materiality Assessment
US$172M of cash & US$60M undrawn >30 unexplored veins at Las Complete and TCFD Work
(of US$120M credit facility) as of Chispas in addition to potential at Underway
October 31, 2021 recently acquired Picacho project
(1) Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary Statements
(2) Please reference the disclosures provided on Slide 10 6
Las Chispas – Top 10 Silver Primary Project(1)
1 Unique Asset - Las Chispas is the only top 10 global silver-primary mine held by a single-asset producer
AgEq (Moz) (2) (2) AgEq
2020 Annual Production Reserve Grade (gpt AgEq)
Grade (gpt)
40 1,200
1,146
879
800
684
20 589
550
479
434 400
361
313 316
279
226
0 0
Saucito Greens Creek Fresnillo San Julian Juanicipio (3) Dukat Las Chispas (3) San Jose La Colorada Puna Uchucchacua Pallancata
(Fresnillo) (Hecla) (Fresnillo) (Fresnillo) (56% Fresnillo 44% MAG) (Polymetal) (SilverCrest) (Fortuna) (Pan American) (SSR Mining) (Buenaventura) (Hochschild)
2
(4)
Ranks Well on Mine Life - 8.5 year mine life positions Las Chispas in top 4 silver primary assets globally
Life of Mine
16
12
8
10 Yrs 12 Yrs
4 8 Yrs 8.5 Yrs 9 Yrs 7 Yrs
5 Yrs 6 Yrs 3 Yrs 3 Yrs 6 Yrs 1 Yrs
0
Source for Silver Peers: Company filings, S&P Capital IQ Pro and Scotiabank Global Banking and Markets.
(1) Based on top 10 producing projects by 2020 silver production with public disclosure on a primary silver basis from S&P Market Intelligence; (2) Production converted to AgEq at SilverCrest FS reserve pricing (gold:
US$1,410/oz, silver: US$16.60/oz) and 2020 pricing for base metals (lead: US$0.83/lb, zinc: US$1.00/lb); reserves converted at SilverCrest FS pricing and LT consensus pricing (lead: US$0.89/lb, zinc: US$1.16/lb);
7
(3) Production based on annual average LOM from latest technical report; (4) Mine life at beginning of 2021
Compelling Valuation Metrics
Lowest Quartile AISC Strong Cash Flows Attractive Valuation
(1)
2020 AISC FCF Yield P/NAV
US$14.44 11%
/oz AgEq 1.30x
1.17x
7%
US$6.68/ 2023E Project
oz AgEq Level
2022E
Corporate
2023E Project Level
Level
(3) (2) (3) (3)
SilverCrest Silver Peers SilverCrest Silver Peers SilverCrest Silver Peers
Source for Silver Peers: Company filings, S&P Capital IQ Pro. Source for SilverCrest: Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary Statements
(1) Production converted to AgEq at SilverCrest FS reserve pricing (gold: US$1,410/oz, silver: US$16.60/oz) and 2020 pricing for base metals (lead: US$0.83/lb, zinc: US$1.00/lb); (2) Las Chispas based on 2023E
project FCF, silver peers based on 2022E corporate FCF due to limited estimates available for 2023. (3) Silver peers include Aya Gold and Silver, Coeur, First Majestic, MAG Silver, Endeavour Silver, Fortuna, Silvercorp,
8
Hecla, Gatos Silver, Fresnillo, and Pan American.
High Quality Asset in Scarce Silver Universe
Revenue by Metal (1) Beta to Silver
Limited Listed Silver Companies with 100% Precious Metals Exposure
Ag % Au % Base Metal %
Aya Gold & Silver Inc.
First Majestic
Endeavour Silver
SilverCrest
Revenue > 50% Silver & 100% Precious Metals
Coeur Mining
Pan American 1.30 1.18
Fresnillo 1.14 0.94
Hecla
Fortuna
MAG Silver
Silvercorp
Gatos Silver 1 YEAR
(2)
5 YEAR
SilverCrest Silver Peers
(3)
SilverCrest Silver Peers
(3)
0% 20% 40% 60% 80% 100%
Source for Silver Peers: Company filings, S&P Capital IQ Pro
(1) Revenue by metal is calculated based on 2020 production converted to AgEq at SilverCrest FS reserve pricing (gold: US$1,410/oz, silver: US$16.60/oz) and 2020 pricing for bases metals (lead:
US$0.83/lb, zinc: US$1.00/lb, copper: US$2.76); (2) Based on lookback from November 10, 2021; (3) Silver peers include Coeur, First Majestic, MAG Silver, Endeavour Silver, Fortuna, Hecla, Gatos Silver, 9
Fresnillo, Aya Silver, Silvercorp and Pan American.
Focus on Capital Efficiency
Faster to Cash Flow than Peers Strong Capital Efficiency Growth Funded by Cash Flow Favourable Capital Structure
~3x faster to production than ~$7 of enterprise value created Future drilling and potential Minimal debt relative to
peers for every $1 spent (as of expansion could be financed by projected near term cash flow
YE2020) cash flow vs. dilution
22 Years
19 Years
6(est.)
First 6 Years
Feasibility to
Production
16 Years 7 Years
First Drill Hole 13 Years 1.5 Years(est.)
to First (1)
5 Years
Feasibility
(2)
Historic Development Peers Development Peers Average SilverCrest
(Now in Production) Average
Historic development peers (now in production) include: Alexco(2), MAG, Lundin Gold, Victoria Gold(2), Pure Gold(2), Pretium, Atlantic Gold(2), Orla Mining(3), Gatos Silver, and Harte Gold. Development peers
include: Almaden Minerals, Bear Creek(2), Ascot Resources (3), Bluestone Resources, and Sabina Gold & Silver
Source for Silver Peers: Company filings, S&P Capital IQ Pro Source, Scotiabank Global Banking and Markets
(1) For assets with no FS published prior to production, effective dates of latest economic studies prior to production were used (2) Excludes historic operations (3) Orla Mining based on Camino Rojo asset timeline; 10
Ascot Resources based on Red Mountain project timeline (2) Estimates are based on Feasibility Study base case, please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary
StatementsHigh Grade Reserves and Resources
Reserve Tonnes (000) gpt AgEq Moz AgEq
High Grade Reserve – One of the highest grade primary silver
Proven 336 1,091 11.8 projects in the world(2)
Probable 3,015 855 82.9
Reserve Defined in Less than 5 Years – 70% of total drilling
P&P 3,351 879 94.7 completed in '19 & '20
Resource Tonnes (000) gpt AgEq Moz AgEq
Upside Beyond Reserve – Only 15 of more than 45 known veins
M&I 2,824 1,191 108.1 included in the Reserve Estimate
Inferred 1,240 745 29.7
Stockpile Supports Ramp-up – Underground development
Stockpile(1) Tonnes (000) gpt AgEq Moz AgEq initiated Q1 2019. Total stockpiles at end of 2022 estimated to
represent nearly 8 months of plant feed and will be utilized
High-grade 54.5 1,041 1.8 throughout ramp-up and initial years of mine life.
Historic 162.6 215 1.1
Potential to Convert High-Grade Ounces – Targets like Babi
Vista Splay represent opportunities for conversion of high-
grade ounces near current and planned infrastructure.
(1) Stockpile data as of December 31, 2020, Stockpile included in Reserve
(2) Based on top 10 producing projects by 2020 silver production with public disclosure on a primary silver basis from S&P Market Intelligence. See Slide 7 11
Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary StatementsRobust Economics, Balanced Production Profile
Production
Average Annual Total Production 12.4 Moz AgEq(1)
500 1,200
Average Annual Silver Production 6.4 Moz Ag(1)
Average Annual Gold Production 69 koz Au(1) 450
1,000
Throughput 1,250 tpd 400
Mine Life 8.5 years
350
800
Costs
AgEq Grade (gpt)
Tonnes (000 t)
300
All-In-Sustaining Costs (AISC) US$6.68/oz AgEq(1)
250 600
Initial Capital US$138M
200
Life of Mine (LOM) Sustaining Capital US$124M 400
150
Economics Base Case
100
Gold Price US$1,500/oz 200
50
Silver Price US$19/oz
0 0
Post-tax NPV (5%) US$486M 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Post-tax IRR 52% Mined Tonnes from Stockpile
Processed Stockpile Balance
Payback 1 Year AgEq Head Grade
(1) All averages based on full years (2023-2029) of production only.
(2) Production converted to AgEq at SilverCrest FS reserve pricing (gold: US$1,410/oz, silver: US$16.60/oz) 12
Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary StatementsSignificant Cash Flows At Modest Price Assumptions
After-tax Project Free Cash Flow Payback of 1 year at conservative prices
250
200 Forecasted to generate annual average life of mine
project level free cash flow of ~US$110M/yr at
150
US$1,500/oz Au and US$19/oz Ag (Base Case)
100
FS Gold and Silver Sensitivities
US$ M
50
FS FS
Parameter FS Base
0 Downside(1) Upside(2)
Gold (US$/oz) 1,269 1,500 1,946
-50
Silver (US$/oz) 16.68 19.00 27.36
-100 Economic Results (After-Tax)
NPV 5% (US$M) 370.4 486.3 802.5
-150
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 IRR 42% 52% 74%
FS Downside FS Base case FS Upside Payback period (years) 1.2 1.0 0.7
Undiscounted LOM FCF (US$M) 510.7 656.4 1,054.0
(1) Based on PEA Metal Pricing (May 15, 2019 Base Case prices)
(2) Based on spot prices on the Effective Date of Feasibility Study (January 4, 2021) 13
Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary StatementsConstruction – Process Plant
July 31, 2021 September 30, 2021
14Construction – Process Plant
Filters Leach Tanks
September 30, 2021 September 30, 2021
15Construction - Surface Infrastructure
Bridge Powerline
September 30, 2021 September 30, 2021
16Construction – Single Occupancy Camp Complete
520 Bed Single Occupancy Camp – Construction
completed in H1 2021 of on-site isolated camp.
Benefits to Employee and Community Safety –
Rigorous testing and site protocols coupled with
isolated camp has ensured no serious outbreaks
at site or in the community.
Productivity Benefits – Isolated camp allows for
reduction in time related to COVID-19 testing
protocols and travel to and from site.
17Materiality Assessment & Strategy Framework Complete
Human Rights & Social Impacts of
Community Relations Investments & Services
Access to Natural Stakeholder
GHG Emissions Air Quality Resources Engagement
Energy Management Ecological Impacts Business Ethics Competitive Behavior
Waste & Hazardous Water & Wastewater Management of the Critical Incident Risk
Materials Management Management Legal & Regulatory Management
Environment
Business Model Physical Impacts of
Resilience Climate Change Labor Practices Diversity & Inclusion
Cyber Security Planning for Closure Employee Wellbeing, Employee Engagement
Health & Safety
Materials Sourcing &
Efficiency
18ESG – Clear Priorities and Focus
Environmental Social Governance
Fully Permitted – all required COVID Mitigation – Testing Diverse Board and Executive
permits in hand and isolation camp protect Team –~30% of board and
workers and local community >40% Executives are women
Dry Stack Tailings – Reduces
environmental risk due to Community Engagement – Risk Management Focus –
tailings 60% workforce sourced locally, Early identification and
engagements with 15 local mitigation of risks
Reduced Emissions – Change businesses
of power source to hydro from TCFD and Water Stewardship
onsite diesel generators Investment in Community – Initiated
Founded non-profit for health,
education and social initiatives
19Infill Focused 2021 Program, Transitioning to Expansion
Return on Investment Capital Focused – High grade, near
infrastructure resources targeted for conversion
Conversion
Mine Plan Flexibility – Potential to increase ore sources
Potential to Grow Known Veins – Focused exploration in and around
known veins and existing infrastructure
Expansion
Shifting to Expansion Focus – Drilling focus shifts to expansion in Q4,
2021 as infill nears completion
Treasure Map Potential – More than 30 veins on the Las Chispas
property that remain undrilled or are not yet fully tested
Exploration
El Picacho – Early-stage exploration opportunity, actively completing
confirmation drilling of historic resource area
20Las Chispas - Exploration Progression
Only 15 of >45 veins included in the Feasibility Study Reserve
Drilling focus has been on mineralization near surface and
infrastructure
1
Significant geological knowledge to apply to new targets on the
2
property
2016 H1, 2021(1)
Known Veins 8 >45
Resource strike length (km) 0 18
Potential exploration strike
6 31.5
length (km)
Metres drilled (m) 7,000 547,000
Measured+
Inferred(2)
Resource (Moz AgEq) N/A Indicated(2) 2021 Exploration
Targets
108.1 29.7 Santa Rosa Portal
Open
1 = Processing Plant
Cumulative Exploration 2 = Stockpile
1.5 68
Spend (US$M)
(1) Until June 30, 2021
(2) Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary Statements 21Exploration - El Picacho – Low Cost, Regional Growth
Acquired 100% ownership of 11 mining concessions
~7,060 hectares for ~US$1.6 million
~85 km trucking distance to Las Chispas
+1 km of U/G access to historic resource(2) via a 4 m
by 4 m historic decline
364k tonnes grading 8.54 gpt Au and 40.38 gpt
Ag, or 100 koz Au and 473 koz Ag
7 main vein areas to target
A’ On surface mineralization A
3 drill rigs currently turning on the property
Initial results - 21 holes average 4.1 metres
(est. true width) grading 8.14 gpt Au and 49.7
gpt Ag, or 660 gpt AgEq(1)
(1) AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$20 per ounce silver and US$1,500 per ounce gold. Insufficient metallurgical test work has been completed at El Picacho to
formulate accurate recoveries. 22
(2) Resource Summary for The Picacho Vein (October 2010 by Wheatley). The Company has yet to verify the resource estimate; however, plans to conduct work in the future to verify the historical drilling / estimatesManagement Focus (Risks & De-Risking)
De-Risking On-going Risk Management
Fixed price construction contract – Limits risk of cost Capital Costs – On budget to date with US$59M
overruns and inflation on significant component of initial remaining to be incurred at September 30, 2021
capital costs Expect to be 80% complete by YE 2021 limiting
risk of cost overruns on the remaining capital
Underground Development and Stockpile Growth - 15.4
km total development since Q1, 2019 (at Sep 30, 2021) Processing – Ongoing metallurgical testing from
and growing surface stockpile (estimated to total ~8 underground samples aims to reduce impact of clay
months of production by end of 2022) content on processing rates/recoveries.
Improves understanding of the metallurgical
process, mining methods and the clay content COVID-19 – Continue to have strict protocols in place,
ahead of production including testing prior to site access, follow-up testing
on site and isolated camp.
Balance Sheet(1) – US$172M cash on hand + US$60M
undrawn facility providing liquidity for construction, ESG Ratings – Actively managing risks and
stockpile growth, exploration, optimization and growth opportunities at the project and in community while
focused on improving ratings.
Infill Drilling – ~75% of metres drilled since the PEA
focused on conversion - focused on reducing risk and
return on invested capital
(1) As at October 31, 2021
23Reasons to Own SilverCrest
High Quality, Scarce Asset - One of the highest grade primary
silver projects in the world(1) and the only top 10 global silver-
primary mine held by a single-asset producer, ranked top 4 on
mine life.
Fully Financed for Construction and Growth - Construction well
underway (54% complete at end of Q3, 2021). Funding on hand
to explore throughout construction.
Near Term Cash Flow – Commissioning expected in Q2 2022,
US$160M of project level free cash flow forecasted in 2023 at
US$1,500/oz Au and US$19/oz(2)
Strong Exposure to Silver – One of few listed companies with
greater than 50% silver revenue and 100% precious metals
revenue(3)
Asymmetric Risk Reward - Low AISC, strong balance sheet,
fixed price construction contract and significant drilling potential
allows for strong defense and offense.
(1) Based on top 10 producing projects by 2020 silver production with public disclosure on a primary silver basis from S&P Market Intelligence.
(2) Please review section titled “Feasibility Study” on Slide 2 which covers the Company's Cautionary Statement 24
(3) Please reference the disclosures provided on Slide 9Tel: ((604) 694-1730 Email: info@silvercrestmetals.com
Thank You Toll Free: 1-866-691-1730
Fax: (604) 357-1313
Website: www.silvercrestmetals.com
Address: Suite 501 - 570 Granville Street Vancouver, BC V6C 3P1Appendix
Executive Team Biographies
Executive Team
N. Eric Fier, CPG, P.Eng. CEO & Director
Mr. Fier is a Certified Professional Geologist (USA) and Engineer (Canada) with over 30 years of experience in the international mining industry including exploration, acquisition, development and
production of numerous mining projects in Guyana, Chile, Brazil, Central America, Mexico and Peru.. He has in-depth knowledge of project evaluation and management, reserve estimation and economic
analysis, construction, as well as operations management. Mr. Fier previously worked as Chief Geologist with Pegasus Gold Corp., Senior Engineer & Manager with Newmont Mining Corp. and Project
Manager with Eldorado Gold Corp. and is also currently the Executive Chairman and VP of Finance of Goldsource Mines Inc. (“Goldsource”). Prior to the formation of SilverCrest Metals he was a co-
founder and COO of SilverCrest Mines Inc. ("SilverCrest Mines"), which was acquired by First Majestic Silver Corp in October, 2015. He was largely responsible for the successful implementation of a
systematic and responsible “phased approach” business model, that built the Santa Elena project into a successful and profitable mine.
Christopher Ritchie, MBA President
Mr. Ritchie is a financial markets professional with 15+ years of experience in resource based capital markets including investment banking, marketing, corporate strategy, network and risk
management. Mr. Ritchie earned a B.A from Miami University (Ohio) in 1997 and a MBA in finance from Dalhousie University in 2000. Mr. Ritchie spent just under three years in risk management at
Marsh & McLennan and Liberty International before he moved into trading and institutional equity sales at UBS, Canaccord Financial and National Bank Financial. Mr. Ritchie has developed extensive
networks that enable him to support companies of differing sizes and across industries to cost efficiently raise capital, develop communications strategies and create market awareness. Prior to joining
SilverCrest Metals, Mr. Ritchie (through National Bank Financial and Canaccord Genuity) was a key financial advisor and partner to the previous and current SilverCrest teams through the development of
Santa Elena, the sale of the SilverCrest Mines to First Majestic Silver Corp. and three financings for SilverCrest Metals. This relationship provided strong continuity as he successfully transitioned to his
role as President in January 2018.
Pierre Beaudoin Chief Operating Officer Mr. Beaudoin is a mineral processing professional with over 30 years of international operating and project development experience. He joined Detour Gold in
2010 as Sr. VP of Capital Projects and led the design and construction of the Detour Lake Mine. In 2013, he was appointed COO of Detour Gold where he retired in 2017. Prior, Mr. Beaudoin spent the
previous 16 years with Barrick Gold. During his last 6 years with Barrick, he worked in the Capital Projects Group, where he led the study teams on Buzwagi in Tanzania (commissioned in 2009), on Donlin
Creek in Alaska and Cerro Casale in Chile. From 1996 to 2004, Mr. Beaudoin held management positions at the processing plants of Barrick operations in Canada (Ontario and Quebec) and in Western
Australia (KCGM). Before he joined Barrick Gold, he worked for Lac Minerals Ltd. and Noranda Minerals.
Anne Yong, CPA, CA Chief Financial Officer
Mrs. Yong is a CPA, CA with over ten years of accounting knowledge gained from industry, public practice and government regulatory work experiences. Prior to her role as Controller with the Company,
she was the Corporate Compliance and Disclosure Officer of SilverCrest Mines Inc. She has brought to the SilverCrest team her technical expertise and experiences as a Public Company Assurance
Group Manager of a Vancouver Chartered Professional Accounting (“CPA”) firm, primarily servicing reporting issuers listed on the TSX and TSX Venture Exchange. During her seven years with this CPA
firm, she also completed a 13-month secondment with the British Columbia Securities Commission as a Securities Analyst gaining valuable knowledge in B.C. and Canadian regulatory and financial
reporting requirements for public company issuers as well as prospectus filing requirements in Canada.
27Executive Team Biographies
Executive Team
Stephany (“Rosy”) Fier, CPG Vice President, Exploration
Ms. Fier is a mining and geological engineer with more than 10 years’ experience in exploration, construction and mine production in Mexico, Canada, USA, and Central America. She has been the
Exploration Manager for the Company since its inception in 2015 and has lead the SilverCrest team in the discovery of a high-grade precious metal vein system at the Las Chispas Property. Previously,
Ms. Fier held several roles with SilverCrest Mines Inc. at the Santa Elena Mine in Sonora, Mexico, from 2009 to 2015. These roles included exploration manager, resource modeller, construction
supervisor, and production engineer for both open pit and underground mining.
Tara Hassan, P.Eng VP Corporate Development
Ms. Hassan is a mining engineer with over 15 years of industry experience including mine operations, project development, capital markets and mining technology. She spent the bulk of her career as an
equity research analyst covering the precious metals sector. During her time as an analyst Ms. Hassan worked at a range of investment dealers from boutique to large banks, with her research focused
on small to mid-capital explorers, developers and producers in the precious metals space. Before entering the financial services industry, Ms. Hassan worked as a mining engineer for Inco and Placer
Dome. At these companies, she held operating, engineering and project-focused roles, working at eight different mines and gaining experience in a wide variety of underground and open-pit mining
situations. Ms. Hassan is a Professional Engineer (Ontario) and holds a Bachelor of Science degree in Mining Engineering from Queen’s University in Kingston, Ontario.
Cliff Lafleur VP Technical Services
Mr. Lafleur is a Licensed Professional Mining Engineer with over 20 years of international experience holding roles of increasing responsibility in technical and operations management for precious and
base metal mining and companies. As an international consultant for over 5 years he completed assignments for more than 25 mining operations and projects gaining a thorough understanding of
mineral reserves, mine planning and project evaluation. He entered operations with First Nickel Inc in 2007, ultimately becoming Mine Manager in 2011 and led the feasibility study and execution of the
Lockerby Depth Project. Mr. Lafleur was Director of Technical Services at Primero Mining Corp starting in 2014 and most recently Director of Resource Management and Mine Engineering at Torex Gold
Resources starting in 2017. The focus of these roles was the implementation of technical standards and processes across the disciplines of planning, engineering, geology and operations at mines in
Canada and Mexico as well as strategic and growth planning at the company level. While at Torex, he led the design and supported the construction of Torex Gold’s ELG Underground Mine.
28Board of Directors Biographies
Board of Directors
Graham C. Thody CPA, CA, Non-Executive Chairman, Director
Mr. Thody is a member of the British Columbia Institute of Chartered Accountants as well as the Canadian Institute of Chartered Accountants. He was President and CEO of UEX Corporation from
November 2009 until his retirement in January 2014. He is currently a director of several reporting companies which are involved in mineral exploration and development throughout North, Central and
South America.
N. Eric Fier CEO, Director
*See profile in Executive Team Biographies
Ross O. Glanville P.Eng., MBA, CPA, CGA, Director
Mr. Glanville has over 40 years of resource-related experience in numerous countries, and has been involved in the exploration, financing, development, and operation of a number of mines. Mr. Glanville
has served on the Boards of Directors of five companies with producing mines, and still serves as a director of three of these companies.
John H. Wright P.Eng., Director
Mr. Wright is a Metallurgical Engineer and Honours graduate of Queens University in Ontario. Mr. Wright was a founder, director and former President and Chief Operating Officer of Pan American Silver
Corp. and was also a director of Lumina Copper Corp., Northern Peru Copper Corp., Regalito Copper Corp. and Capstone Mining Corp. He spent the 1st 10 years of his career with Teck Cominco where
he worked at the Trail Smelter operations and later participated in the management of the feasibility studies, marketing and mine construction at the Afton, Highmont, Bull Moose and David Bell Mines.
Hannes Portmann CPA, CA, B.Sc., Director
Mr. Portmann is a mining executive with significant management and capital markets experience. Mr. Portmann has served in the role of Chief Financial Officer & Business Development at Marathon
Gold Corporation since October 2019. Prior to Marathon Gold, he spent 10 years with New Gold Inc. (and predecessor companies) where he moved into progressively more senior roles, ultimately
serving as President and Chief Executive Officer of the intermediate gold producer from January 2017 through May 2018. Previously, as Executive Vice President, Business Development, Mr. Portmann’s
primary areas of responsibility were: corporate development, investor relations, human resources and exploration. Prior to New Gold, he was a member of the Merrill Lynch investment banking mining
group and the assurance and advisory practices of PricewaterhouseCoopers LLP. Mr. Portmann is a Chartered Professional Accountant and holds a Bachelor of Science in Mining Engineering from
Queen’s University and a Masters of Management and Professional Accounting from the Rotman School of Management, University of Toronto.
Ani Markova MBA, CFA, CDI.D, Director
Ani has over 20 years of capital markets involvement and more than 25 years of overall work experience, she has extensive experience in qualitative and quantitative financial analysis, capital allocation
and marketing. Ms. Markova is an award-winning portfolio manager who managed up to $2 billion of mutual fund assets and has spent more than 15 years investing in the global mining sector and
commodity markets while at AGF Investments Inc. In addition, Ms. Markova has experience reporting to corporate boards in the financial industry and working with non-profit community boards as a
treasurer. She is actively engaged with public companies on Environmental, Social and Governance (ESG) topics and integration of such factors in their investment decision making processes.
29Board of Directors Biographies
Board of Directors
Laura Diaz Masters. ESG (in progress), Director
Ms. Diaz is a partner at a law firm based in Mexico City and serves as a Mining Project Advisor in areas of mineral exploration, development and production. Ms. Diaz has worked in the mining industry
for over 25 years as Legal Counsel or independent director to Canadian and U.S. public mining companies. Ms. Diaz more recently held the position of General Director of Mines with the Ministry of
Economy in Mexico. Considered an expert in corporate commercial and mining law in Mexico, Ms. Diaz has authored numerous publications addressing topics such as mining law, climate change,
mining royalties, and has spoken in many mining conferences since 2013 on these topics. Ms. Diaz is an active member of the Association of Mining Engineers, Metallurgists and Geologists of Mexico
(AIMMGM), Women in Mining (WIM) Mexico, and Prospector & Developers Association of Canada (PDAC), Canada. She also holds a Master’s in Social Responsibility and Diploma in Sustainable Law
from the University of Anahuac, Law Degree from University of Femenina de Mexico, and Diploma in Contracts, Diploma in American Law and European Union Law from the University of Iberoamericana.
Bernard Poznanski, LLB, LLM, B.Sc., Corporate Secretary
Mr. Poznanski has a broad legal background in corporate finance, mergers & acquisitions and securities law. He has acted for a wide variety of companies listed on the TSX, the TSX-V, the NYSE and
NASDAQ. Mr. Poznanski is one of the founding partners of Koffman Kalef LLP and currently heads the firm's securities group.
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