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Silvercorp Metals(SVM) - 2026 Q3 - Earnings Call Transcript
2026-02-10 18:02
Financial Data and Key Metrics Changes - The company reported record-breaking revenue of $126 million, a 51% increase from the previous year [2] - Cash flow from operating activities reached $133 million, up 196%, while free cash flow was $90 million, up 336% from last year [2][4] - Adjusted net income for the quarter was $47.9 million or $0.22 per share, compared to $22 million or $0.10 per share in the same quarter last year, reflecting a 118% increase [3][4] - The net income reported was -$15.8 million or -$0.07 per share, primarily due to a $60 million non-cash charge on derivative liabilities [3] Business Line Data and Key Metrics Changes - Silver accounted for 72% of total revenue, with an 80% increase in the realized selling price of silver, adding just under $49 per ounce after smelter deductions [3] - Production at Ying increased, with tons mined and milled up 23% and 18% respectively compared to Q3 2025 [6] - Q3 production costs averaged $76 per ton at Ying, down 11% from last year, and cash cost per ounce of silver was negative $1.22 [7] Market Data and Key Metrics Changes - The company produced approximately 1.9 million ounces of silver, over 2,000 ounces of gold, 16 million pounds of lead, and 7 million pounds of zinc in Q3 [5] - Year-to-date production figures showed increases in silver, gold, and lead production by 1%, 42%, and 1% respectively, while zinc production decreased by 6% [6] Company Strategy and Development Direction - The company is focused on expanding mining capacity across its licenses at Ying, with recent permit renewals increasing capacity significantly [8] - Investment in growth projects at Ying totaled $9 million in Q3, aimed at enhancing underground access and material handling [7] - The company is also advancing its gold projects in Kyrgyzstan, aiming to build a globally diversified producer with strong fundamentals [13][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in Q2 but expressed optimism about smoothing over Q4 performance due to additional tons to mill during the Chinese New Year [16] - The company is actively engaged in obtaining necessary permits for its projects, with the environmental impact study for the Condor project approved [11] Other Important Information - The company ended the quarter with a strong cash balance of $463 million, an increase of over $80 million from the previous quarter [5] - A transaction to acquire a gold project in Kyrgyzstan for $162 million was announced, with $92 million paid at closing [5] Q&A Session Summary Question: Guidance on throughput at Ying - Management indicated that while guidance remains unchanged, throughput is likely tracking towards the higher end, but lower grades may pose challenges [16] Question: Derivative liability details - The $60 million derivative liability was solely related to convertible notes [17]
Silvercorp Metals(SVM) - 2026 Q3 - Earnings Call Transcript
2026-02-10 18:02
Financial Data and Key Metrics Changes - The company reported record-breaking revenue of $126 million, a 51% increase from the previous year [2] - Cash flow from operating activities reached $133 million, up 196%, while free cash flow was $90 million, up 336% from last year [2][3] - Adjusted net income for the quarter was $47.9 million or $0.22 per share, compared to $22 million or $0.10 per share in the same quarter last year, reflecting a 118% increase [3][4] - The company reported a net income of -$15.8 million for the quarter, primarily due to a $60 million non-cash charge on derivative liabilities [3] Business Line Data and Key Metrics Changes - Silver accounted for 72% of total revenue, with an 80% increase in the realized selling price of silver [3] - Production at Ying increased, with tons mined and milled up 23% and 18% respectively compared to Q3 2025 [6] - Q3 production costs averaged $76 per ton at Ying, down 11% from last year, and cash cost per ounce of silver was negative $1.22 [7] Market Data and Key Metrics Changes - The company produced approximately 1.9 million ounces of silver, just over 2,000 ounces of gold, 16 million pounds of lead, and 7 million pounds of zinc in Q3 [5] - Year-to-date production figures showed increases in silver, gold, and lead production by 1%, 42%, and 1% respectively, while zinc production decreased by 6% [6] Company Strategy and Development Direction - The company is focused on expanding mining capacity across its licenses at Ying, with recent permit renewals and expansions [8] - Investment in growth projects at Ying totaled $9 million in Q3, aimed at enhancing underground access and material handling [7] - The company is also advancing its projects in Kyrgyzstan, acquiring a 70% interest in gold projects to diversify its production portfolio [13][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in Q2 but expressed optimism about smoothing out Q4 performance due to additional tons to mill during the Chinese New Year [16] - The company is actively engaged in obtaining necessary permits for its projects, with the environmental impact study for the Condor project approved [11] Other Important Information - The company ended the quarter with a strong cash balance of $463 million, an increase of over $80 million from the previous quarter [5] - A transaction to acquire a gold project in Kyrgyzstan for $162 million was announced, with $92 million paid at closing [5] Q&A Session Summary Question: Guidance and throughput at Ying - Analyst inquired about guidance and throughput expectations, noting that while guidance remains unchanged, throughput may exceed expectations despite lower grades [16] Question: Derivative liability details - Analyst asked if the $60 million derivative liability was solely related to convertible notes, to which management confirmed it was [17]
Longer Mining Site Life Leads to Fortuna (FSM) Analyst Upgrade
Yahoo Finance· 2026-02-10 17:20
Fortuna Mining Corp. (NYSE:FSM) is one of the best high-upside materials stocks to buy. On February 4, CIBC upgraded Fortuna Mining Corp. (NYSE:FSM) to Neutral from Underperformer and raised its price target to C$16 from C$9. According to the analyst, the company is expected to continue benefiting from the demand drivers it saw from 2025, as it expects gold to reach $6,000/oz in 2026, $6,500/oz in 2027, and $6,000/oz in 2028. Meanwhile, on January 26, Scotiabank analyst Eric Winmill updated his price target ...
Nine Mile Metals Intersects 44 Meters of Copper Mineralization and Provides Drill Program Update
TMX Newsfile· 2026-02-10 13:00
Toronto, Ontario--(Newsfile Corp. - February 10, 2026) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to provide the details of drill hole WD-25-05 in addition to a summary of the 2025 drill program completed in December at the Wedge Project.Drillhole WD-25-05:DDH WD-25-05 collared on the same drill pad as WD-25-01 and drilled at an azimuth of 310 degrees and a dip of -60 to a final depth of 275 meters.DDH-WD-25-05 was successful, intersecting mas ...
Hertz Energy Inc. Announces LIFE and Flow-Through Offering for Gross Proceeds up to $5,000,000
TMX Newsfile· 2026-02-10 12:30
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: A340) ("Hertz Energy", the "Company" or the "Issuer") is pleased to announce a non-brokered private placement of up to 5,000,000 units of the Company (the "Units") at a price of $0.40 per Unit for gross proceeds of up to $2,000,000 (the "LIFE Offering") pursuant to the Listed Issuer Financing ("LIFE") exemption available under Part 5A of National Instrument 45-106 - Prospectus Exemptions. Ea ...
Honey Badger Newly Identifies Important Indium, Tungsten, Bismuth, and Copper Mineralization in Addition to Known Silver, Lead & Zinc at the Hy Project, Yukon
TMX Newsfile· 2026-02-10 12:15
Toronto, Ontario--(Newsfile Corp. - February 10, 2026) - Honey Badger Silver Inc. (TSXV: TUF) (OTCQB: HBEIF) ("Honey Badger" or the "Company") is pleased to share that the company has recognized additional critical minerals potential at its 100%-owned Hy project in the Yukon, including high values of indium, bismuth, copper, and tungsten across several zones at the property.The Company's Executive Chairman, Chad Williams, commented, "We are excited to showcase more important critical mineral potential with ...
SILVERCORP REPORTS ADJUSTED NET INCOME OF $47.9 MILLION, $0.22 PER SHARE, AND CASH FLOW FROM OPERATING ACTIVITIES OF $132.9 MILLION FOR Q3 FISCAL 2026
Prnewswire· 2026-02-10 00:01
Trading Symbol: TSX/NYSE AMERICAN: SVM VANCOUVER, BC, Feb. 9, 2026 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the three months ended December 31, 2025 ("Q3 Fiscal 2026"). All amounts are expressed in US dollars, and figures may not add due to rounding. HIGHLIGHTS FOR Q3 Fiscal 2026 1 1 Non-GAAP measures, please refer to MD&A section 12 for reconciliation. CONSOLIDATED FINANCIAL AND OPERATING RESULTS | ...
Emerita Intersects 9.2m Grading 1.4% Copper, 0.4% Lead, 1.3% Zinc, 0.41 g/t Gold and 21.48 g/t Silver at El Cura
Globenewswire· 2026-02-09 12:00
TORONTO, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQX: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) reports results from ongoing drilling of El Cura deposit. El Cura is part of Emerita’s wholly owned Iberian Belt West project (“IBW” or the “Project”; Figure 1) which hosts three Volcanogenic Massive Sulfide (VMS) deposits: La Romanera, El Cura and La Infanta that are currently undergoing Prefeasibility Studies (the “PFS”) (see the Company’s press release dated December 3, 20 ...
Emerita Intersects 9.2m Grading 1.4% Copper, 0.4% Lead, 1.3% Zinc, 0.41 g/t Gold and 21.48 g/t Silver at El Cura
Globenewswire· 2026-02-09 12:00
TORONTO, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQX: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) reports results from ongoing drilling of El Cura deposit. El Cura is part of Emerita’s wholly owned Iberian Belt West project (“IBW” or the “Project”; Figure 1) which hosts three Volcanogenic Massive Sulfide (VMS) deposits: La Romanera, El Cura and La Infanta that are currently undergoing Prefeasibility Studies (the “PFS”) (see the Company’s press release dated December 3, 20 ...
10 Best Affordable Long Term Stocks to Buy According to Hedge Funds
Insider Monkey· 2026-02-07 17:50
Core Insights - A shift in institutional capital is reshaping global equity allocations, with a softening demand for North America-focused hedge fund strategies and increased capital flow towards Europe and Asia [1][2] Hedge Fund Trends - Wealthy investors in the US and Asia are canceling plans to allocate to US hedge funds, driven by concerns over US trade policy uncertainty, dollar volatility, and concentration risk in mega-cap technology stocks [2] - Hedge funds are upgrading their outlook for value-oriented stock selection strategies, with firms like Man Group expressing positive sentiment towards Long-Biased Equity Long/Short and Market Neutral Equity Long/Short strategies [3] Stock Performance and Valuation - Low-valuation shares outperformed higher-multiple peers, with a 15% advance during the last six months of 2025, indicating a persistent value tilt if economic momentum holds [4] - The article highlights affordable, value stocks that institutions are increasingly investing in, suggesting a trend towards value-oriented investments [5] Methodology for Stock Selection - The selection of the 10 Best Affordable Long Term Stocks was based on companies trading at forward price-to-earnings ratios below 15, with five-year revenue and earnings growth rates of at least 15%, and market capitalizations above $2 billion [6] Company Highlights - **Eldorado Gold Corporation (NYSE:EGO)**: - Hedge fund holders: 26, Forward P/E: 8.12 - Positive outlook due to robust gold prices and progress on the Skouries copper-gold project, with a cash balance exceeding $1 billion [8][10] - Anticipated significant production increases and strong cash generation by 2027 [10] - **SouthState Bank Corporation (NYSE:SSB)**: - Hedge fund holders: 32, Forward P/E: 11.35 - Strong core pre-provision net revenue (PPNR) performance exceeding consensus estimates, driven by net interest income growth [12][13] - Revenue growth of 39.42% over the past twelve months, with analysts raising price targets based on strong quarterly results [14]