SIL (Silvercrest Metals Inc) vs S&P TSX Composite Index (Canada) Comparison

SIL

S&P TSX Composite Index (Canada)

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SIL

S&P TSX Composite Index (Canada)

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SIL

S&P TSX Composite Index (Canada)

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S&P TSX Composite Index (Canada)

SIL

ALRS

FRES

PE&OLES

600459

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Silvercrest Metals Inc
Glance View

Market Cap

2.2B CAD

Industry

Metals & Mining

Silvercrest Metals Inc. emerged as a significant player in the mining industry, focusing its efforts on the prolific Las Chispas property in Sonora, Mexico. This Canadian company discovered its niche by revisiting historical mining sites that were long revered but underexplored. Instead of casting a wide net, Silvercrest honed in on developing its flagship property, Las Chispas, an agglomeration of numerous high-grade epithermal silver-gold veins. Through strategic exploration and drilling, the company has meticulously delineated a resource base that promises high yields. Its business model essentially revolves around aggressive but calculated exploration and development, capitalizing on extracting both silver and gold to sell primarily to refiners and industrial buyers. Being nimble and adept in its operations, Silvercrest Metals wisely leverages modern mining technology while maintaining cost-efficient practices to maximize profitability. The company’s focus on high-grade deposits enables it to maintain a lower cost per ounce, crucial in the mining sector’s volatile pricing environment. By concentrating on a concentrated geographical area, Silvercrest not only optimizes resource allocation but also better manages regulatory and environmental concerns. This operational efficiency and commitment to sustainable practices have added to its credibility and financial stability, positioning it as an attractive opportunity within the metals market. Silvercrest Metals’ growth is a testament to its focused strategy of maximizing value from its core assets and continually assessing expansion opportunities within its realm of expertise.

View SIL Analysis

SIL Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

ZA	A	Anglo American Platinum Ltd JSE:AMS	Add
ZA	I	Impala Platinum Holdings Ltd JSE:IMP	Add
ZA	S	Sibanye Stillwater Ltd JSE:SSW	Add
ZA	N	Northam Platinum Holdings Ltd JSE:NPH	Add
ZA	R	Royal Bafokeng Platinum Ltd JSE:RBP	Add
RU	A	AK Alrosa PAO MOEX:ALRS	Add
MX		Fresnillo PLC LSE:FRES	Add
MX	I	Industrias Penoles SAB de CV BMV:PE&OLES	Add
CY	T	Tharisa PLC JSE:THA	Add
GG	G	Gemfields Group Ltd JSE:GML	Add

ZA	A	Anglo American Platinum Ltd JSE:AMS	Select
ZA	I	Impala Platinum Holdings Ltd JSE:IMP	Select
ZA	S	Sibanye Stillwater Ltd JSE:SSW	Select
ZA	N	Northam Platinum Holdings Ltd JSE:NPH	Select
ZA	R	Royal Bafokeng Platinum Ltd JSE:RBP	Select
RU	A	AK Alrosa PAO MOEX:ALRS	Select
MX		Fresnillo PLC LSE:FRES	Select
MX	I	Industrias Penoles SAB de CV BMV:PE&OLES	Select
CY	T	Tharisa PLC JSE:THA	Select
GG	G	Gemfields Group Ltd JSE:GML	Select

ZA	A	Anglo American Platinum Ltd JSE:AMS	Add
ZA	I	Impala Platinum Holdings Ltd JSE:IMP	Add
ZA	S	Sibanye Stillwater Ltd JSE:SSW	Add
ZA	N	Northam Platinum Holdings Ltd JSE:NPH	Add
ZA	R	Royal Bafokeng Platinum Ltd JSE:RBP	Add
RU	A	AK Alrosa PAO MOEX:ALRS	Add
MX		Fresnillo PLC LSE:FRES	Add
MX	I	Industrias Penoles SAB de CV BMV:PE&OLES	Add
CY	T	Tharisa PLC JSE:THA	Add
GG	G	Gemfields Group Ltd JSE:GML	Add

US	G	GE Vernova LLC NYSE:GEV	Add
NL	N	Nepi Rockcastle NV JSE:NRP	Add
US		Schlumberger NV NYSE:SLB	Add
US	B	Baker Hughes Co NASDAQ:BKR	Add
ID		Amman Mineral Internasional Tbk PT IDX:AMMN	Add
US	R	Reddit Inc NYSE:RDDT	Add
CH	G	Galderma Group AG SIX:GALD	Add
US		Halliburton Co NYSE:HAL	Add
LU		Tenaris SA MIL:TEN	Add
IN		Jio Financial Services Ltd NSE:JIOFIN	Add

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SIL

vs

S&P TSX Composite Index (Canada)

Stocks Performance
SIL vs S&P TSX Composite Index (Canada)

Performance Gap
SIL vs S&P TSX Composite Index (Canada)

Performance By Year
SIL vs S&P TSX Composite Index (Canada)

Competitors Performance
Silvercrest Metals Inc vs Peers

Silvercrest Metals Inc
Glance View

Company

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SIL vs S&P TSX Composite Index (Canada)

Stocks Performance SIL vs S&P TSX Composite Index (Canada)

Performance Gap SIL vs S&P TSX Composite Index (Canada)

Performance By Year SIL vs S&P TSX Composite Index (Canada)

Competitors Performance Silvercrest Metals Inc vs Peers

Silvercrest Metals Inc Glance View

Company

Help

Tools

Stocks

SIL

vs

S&P TSX Composite Index (Canada)

Stocks Performance
SIL vs S&P TSX Composite Index (Canada)

Performance Gap
SIL vs S&P TSX Composite Index (Canada)

Performance By Year
SIL vs S&P TSX Composite Index (Canada)

Competitors Performance
Silvercrest Metals Inc vs Peers

Silvercrest Metals Inc
Glance View