Silvercorp Metals(SVM)
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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
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
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].
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 ...
Should Value Investors Buy Silvercorp Metals (SVM) Stock?
ZACKS· 2024-11-12 15:45
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find s ...