Silvercorp Metals(SVM)

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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
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental a ...
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
Trading Symbol TSX/NYSE American: SVMVANCOUVER, BC, Dec. 18, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to report assay results from its ongoing diamond drilling program at its LMW underground mine in the Ying Mining District ("Ying") located in Henan Province, China. LMW is one of seven underground mines at Ying, and the recent drilling focused on high-grade, low angle veins. Highlights include: Figure 1: Newly discover ...
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
Alberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors or interested in a value proposition or growth opportunity.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the ...
SILVERCORP ANNOUNCES PRICING OF US$130 MILLION CONVERTIBLE SENIOR NOTES OFFERING
Prnewswire· 2024-11-21 08:01
Trading Symbol: TSX: SVM NYSE AMERICAN: SVMVANCOUVER, BC, Nov. 21, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) today announced that it has priced its previously announced private placement offering of US$130,000,000 aggregate principal amount of 4.75% convertible senior notes due 2029 (the "Notes" and the "Offering"). The Company also granted the initial purchasers of the Notes an option to purchase up to an addit ...
SILVERCORP ANNOUNCES OFFERING OF US$130 MILLION CONVERTIBLE SENIOR NOTES
Prnewswire· 2024-11-19 21:15
Trading Symbol: TSX: SVM NYSE AMERICAN: SVMVANCOUVER, BC, Nov. 19, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) today announced that it has commenced a private placement offering of US$130,000,000 aggregate principal amount of convertible senior notes due 2029 (the "Notes" and the "Offering"). The Company intends to grant the initial purchasers of the Notes an option to purchase up to an additional US$20,000,000 aggre ...