Silvercorp Metals(SVM)
Search documents
Will Silvercorp (SVM) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-01-16 18:15
Core Insights - Silvercorp (SVM) has consistently beaten earnings estimates, with an average surprise of 22.92% over the last two quarters [1][2] - The company reported earnings of $0.09 per share for the most recent quarter, exceeding the expected $0.08, resulting in a surprise of 12.50% [2] - For the previous quarter, Silvercorp's earnings were $0.12 per share against an estimate of $0.09, leading to a surprise of 33.33% [2] Earnings Estimates and Predictions - Silvercorp's earnings estimates have been trending higher due to its history of earnings surprises, supported by a positive Zacks Earnings ESP of +17.65% [3][6] - The combination of a positive Earnings ESP and a Zacks Rank 3 (Hold) suggests a high likelihood of another earnings beat, with a historical success rate of nearly 70% for stocks with this combination [4][6] Earnings ESP and Consensus - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, indicating that recent analyst revisions may provide more accurate predictions [5] - The next earnings report for Silvercorp is expected to be released on February 11, 2025, and the positive Earnings ESP indicates bullish sentiment among analysts regarding the company's earnings prospects [6]
Silvercorp Reports Operational Results and Financial Results Release Date for the Third Quarter, Fiscal 2025
Prnewswire· 2025-01-15 13:00
Core Viewpoint - Silvercorp Metals Inc. reported significant increases in production and sales figures for Q3 Fiscal 2025, indicating strong operational performance and growth potential in the mining sector [1][4]. Production Data - Total ore mined in Q3 Fiscal 2025 was 383,543 tonnes, up 11% from Q3 Fiscal 2024 [4]. - Total ore milled in Q3 Fiscal 2025 was 361,810 tonnes, up 16% from Q3 Fiscal 2024 [4]. - Silver production reached approximately 1.9 million ounces, a 16% increase compared to Q3 Fiscal 2024 [4]. - Gold production was 2,056 ounces, representing an 18% increase from the previous year [3][4]. - Lead production was approximately 17.1 million pounds, a 2% increase, while zinc production decreased by 10% to approximately 6.7 million pounds [4]. Recovery Rates - Recovery rates for silver were 94.7% at the Ying Mining District and 82.8% at the GC Mine [3]. - Lead recovery rates were 94.0% at the Ying Mining District and 90.3% at the GC Mine [3]. - Zinc recovery rates were 68.9% at the Ying Mining District and 90.3% at the GC Mine [3]. Financial Performance - The company achieved record revenue of approximately $83.6 million, an increase of 43% over Q3 Fiscal 2024 [4]. - The company plans to process approximately 145 thousand tonnes of inventory stockpile ores during the Chinese New Year holidays in Q4 [4]. Consolidated Operational Results - For the nine months ended December 31, 2024, total ore mined was 1,088,830 tonnes, up from 921,958 tonnes in the same period of 2023 [6]. - Total silver production for the nine months was 5,318 thousand ounces, compared to 5,054 thousand ounces in the previous year [6].
Tailings Storage Facility No. 3 and New 1,500 tonne per day Mill Expansion Completed and in Operation at Ying Mine, China
Prnewswire· 2025-01-14 13:00
Core Viewpoint - The company is advancing its operations at the Ying site with the construction of TSF No. 3 and a new flotation production line, which are expected to enhance its milling capacity and operational efficiency over the coming years [1][3][6]. Group 1: TSF No. 3 Operations - The company is currently operating three Tailings Storage Facilities (TSFs) at Ying, with TSF No. 1 being closed and decommissioned, and TSF No. 2 having six years of life remaining [1]. - TSF No. 3 will support an expanded operating rate of 1.3 million tonnes of ore per year over 12 years, with a total storage capacity of 19.21 million cubic metres [1]. - The first phase of TSF No. 3 was constructed for approximately US$28 million, which is under the original budget of $38 million [2]. Group 2: New Flotation Production Line - A new 1,500 tonnes per day (tpd) flotation production line is being constructed at Ying's No. 2 Mill, with a completion date expected by Q4 2024 and a cost of $7.2 million [3]. - The production line is designed to produce silver-lead, zinc, and copper concentrates, as well as gold gravity concentrate, achieving a capacity of 1,700 tpd after one month of operation [5]. - With the addition of this new production line, the total milling capacity at Ying is projected to exceed 1.3 million tonnes per year, accommodating increased mining capacity and future production from the nearby Kuanping mine [6]. Group 3: Infrastructure and Safety Measures - The construction of TSF No. 3 includes various safety and infrastructure components, such as a non-contact water dam, discharge tunnels, and a real-time monitoring system for dam stability [8]. - The facility will undergo a three-month test run for safety and quality assessment by the Department of Emergency Response of Henan Province before receiving a safety production license [2]. Group 4: Company Overview - Silvercorp is a Canadian mining company focused on producing silver, gold, lead, and zinc, with a strategy aimed at generating free cash flow from long-life mines and pursuing organic growth through extensive drilling [7].
Is Silvercorp Metals (SVM) Stock Undervalued Right Now?
ZACKS· 2024-12-30 15:46
Core Insights - Value investing remains a popular strategy for identifying undervalued stocks in various market conditions [1] Company Overview: Silvercorp Metals (SVM) - Silvercorp Metals is currently rated 2 (Buy) by Zacks and has an A grade for Value, indicating strong potential for value investors [2] - The stock is trading at a P/E ratio of 7.93, significantly lower than the industry average of 11.63, suggesting it may be undervalued [2] - Over the past 52 weeks, SVM's Forward P/E has fluctuated between 19.68 and 7.49, with a median of 12, indicating volatility in its valuation [2] Financial Metrics - SVM has a P/CF ratio of 7.46, which is attractive compared to the industry's average P/CF of 26.63, further supporting the notion of undervaluation [3] - The P/CF ratio for SVM has ranged from a high of 12.34 to a low of 6.64 over the past year, with a median of 8.90, reflecting its solid cash flow outlook [3] Investment Strategy - Zacks employs a ranking system focused on earnings estimates and revisions to identify winning stocks, while also considering trends in value, growth, and momentum [4] - The Style Scores system developed by Zacks highlights stocks with specific traits, particularly those with high grades in the Value category, which are appealing to value investors [5] - SVM's strong Value grade, supported by key financial metrics, suggests it is likely undervalued and presents an attractive investment opportunity [6]
Silvercorp Intercepts 34 grams per tonne gold and 4.45 percent copper over 0.82 metres at the LMW Mine, China
Prnewswire· 2024-12-18 22:43
Core Insights - Silvercorp Metals Inc. has reported significant assay results from its diamond drilling program at the LMW underground mine in the Ying Mining District, Henan Province, China, focusing on high-grade, low-angle veins. Drilling Program Overview - The drilling program targeted four main areas: 1. Expansion drilling of high-grade Ag-Pb and low-angle Au-Ag-Cu veins at the W Zone 2. Expansion drilling of low-angle Au and Ag-Au-Cu veins at the Au Zone 3. Drilling to extend high-grade LM41E series veins at the E Zone 4. Infill drilling of Ag-Pb-Zn veins at the P Zone [2] High-Grade Intercepts - Significant high-grade intercepts were reported from various veins: - W Zone: - Hole ZKX1613: 2,705 g/t Ag, 0.67% Pb, 0.26% Zn, and 0.14% Cu over 18.02 m [6] - Hole ZKX13828: 1,367 g/t Ag, 8.66% Pb, 1.12% Zn, and 0.32% Cu over 1.80 m [6] - Au Zone: - Hole ZKX1019: 34 g/t Au, 31 g/t Ag, and 4.45% Cu over 0.82 m [7] - Hole ZKX03X151: 29 g/t Au, 30 g/t Ag, 0.47% Pb, and 0.22% Zn over 1.11 m [7] - E Zone: - Hole ZKX10756: 1,582 g/t Ag, 4.36% Pb, 0.51% Zn, 1.66 g/t Au, and 0.15% Cu over 0.76 m [9] - P Zone: - Hole ZKX11241: 4,738 g/t Ag, 2.12% Pb, 1.33% Zn, 0.19 g/t Au, and 0.64% Cu over 1.80 m [12] Drilling and Tunneling Activities - From June 1, 2023, to November 30, 2024, a total of 78,980 m in 678 diamond drill holes were completed at the LMW mine, with assay results for 548 holes received [1] - A total of 15,694 m of exploration tunnels were developed to upgrade drill-defined mineral resources and test for new structures [5] New Discoveries - A new high-grade vein, LM28, was discovered in the W Zone, showing high values of gold and copper grades [1] - The LM50 vein block has been defined to extend 1,000 m along strike and 450 m downdip, with new vein structures discovered [7]
Silvercorp Provides Plan to Develop the Condor Gold Project as a High-Grade Underground Mine
Prnewswire· 2024-12-04 13:00
Trading Symbols: SVM (TSX/NYSE American)VANCOUVER, BC, Dec. 4, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to report its plans to develop the Condor gold project (the "Project"), located in southern Ecuador. A preliminary economic assessment (PEA) was completed on the Project1 by a previous operator, which outlined a high tonnage, low-grade, open pit gold project. Figure 1: Condor plan view showing depo ...
SVM Declines 33.4% in a Month: How Should You Play the Stock Now?
ZACKS· 2024-11-28 18:31
Silvercorp Metals (SVM) had a challenging month, plunging 34.7%, significantly underperforming the industry’s decline of 6.2%. Meanwhile, the Zacks Basic Materials sector has slipped 3.4%, while the S&P 500 has risen 3.3%.The SVM stock first witnessed a 10% fall in a day following SVM’s second-quarter fiscal 2025 results on Nov. 7. This also coincided with the Fed announcing a rate cut that weighed on commodity prices. Disappointing stimulus measures from China might also have affected the stock’s performan ...
SILVERCORP ANNOUNCES CLOSING OF US$150 MILLION CONVERTIBLE SENIOR NOTES OFFERING
Prnewswire· 2024-11-25 16:05
Core Viewpoint - Silvercorp Metals Inc. has successfully closed a private placement offering of US$150,000,000 in convertible senior notes, which will be used for various mining projects and working capital [1]. Group 1: Offering Details - The offering consists of 4.75% convertible senior notes due in 2029, including an additional US$20,000,000 from the initial purchasers' option [1]. - The notes are being offered on a private placement basis and are not registered under the U.S. Securities Act or any state securities laws [2]. Group 2: Company Background - Silvercorp Metals Inc. is a Canadian mining company engaged in the production of silver, gold, lead, and zinc from its operations in China [4]. - The company also has development-stage and exploration-stage projects, including the Curipamba copper-gold project in Ecuador [4].
Silvercorp Metals: Prospects Are Solid And Shares Are Trading Very Attractively
Seeking Alpha· 2024-11-22 09:22
Core Viewpoint - The article emphasizes the importance of a versatile investment strategy that caters to various investor profiles, including those focused on dividends, value propositions, or growth opportunities [1]. Group 1 - The analyst possesses a Master's degree in Business Economics, providing a strong managerial and economic foundation [1]. - The coverage includes all sectors and types of stocks, indicating a comprehensive approach to investment analysis [1]. - The investment strategy described is adaptable, making it suitable for a wide range of investors [1].
SILVERCORP ANNOUNCES PRICING OF US$130 MILLION CONVERTIBLE SENIOR NOTES OFFERING
Prnewswire· 2024-11-21 08:01
Core Viewpoint - Silvercorp Metals Inc. has announced a private placement offering of US$130 million in convertible senior notes with a 4.75% interest rate, maturing in 2029, to fund mining projects and working capital [1][5]. Offering Details - The offering consists of US$130 million aggregate principal amount of 4.75% convertible senior notes due December 15, 2029, with an option for initial purchasers to buy an additional US$20 million [1][5]. - The notes will accrue interest payable semiannually and have an initial conversion rate of 216.0761 common shares per $1,000 principal amount, equating to a conversion price of approximately US$4.63 per share, representing a 30% premium over the last reported sale price of US$3.56 [2][3]. Conversion and Redemption Terms - Holders can convert the notes under specific circumstances before September 15, 2029, and at any time thereafter until maturity, with settlement options in cash, common shares, or a combination [3]. - The notes are not redeemable before December 20, 2027, except under certain tax law changes, and can be redeemed if the common shares' price exceeds 130% of the conversion price for a specified period [3]. Use of Proceeds - The estimated net proceeds from the offering are approximately US$124.2 million, or US$143.5 million if the additional notes option is fully exercised, intended for copper-gold mining projects outside China, exploration, development, and working capital [5]. Closing Timeline - The offering is expected to close around November 25, 2024, subject to customary closing conditions [4].