Welcome to our dedicated page for Silvercorp Metal news (Ticker: SVM), a resource for investors and traders seeking the latest updates and insights on Silvercorp Metal stock.
Silvercorp Metals Inc. (SVM) is a Canadian mining company producing silver, gold, lead, and zinc, with underground operations in China and development projects in Ecuador. The SVM news feed on Stock Titan highlights how the company’s operating performance, project milestones, and corporate actions affect Silvercorp stock.
Investors following Silvercorp news will find regular updates on quarterly financial and operating results, including silver, gold, lead, and zinc production, silver‑equivalent output, cash cost per ounce, and all‑in sustaining cost metrics. The company reports detailed performance for its Ying Mining District and GC Mine in China, along with capital spending on exploration, development, and equipment.
News releases also cover project developments in Ecuador, such as mine construction progress at the El Domo copper‑gold project, legal and regulatory decisions affecting its environmental license, and economic studies like the Preliminary Economic Assessment for the Condor gold project. These items provide context on how Silvercorp is advancing its growth pipeline beyond its existing Chinese operations.
In addition, Silvercorp issues updates on capital allocation and governance, including semi‑annual dividend declarations, renewals of its normal course issuer bid share repurchase program, filing of a base shelf prospectus, AGM voting results, and changes in senior finance leadership. Together, these disclosures give a view of how management approaches balance sheet flexibility, shareholder returns, and corporate oversight.
By monitoring SVM news on this page, readers can track production trends, cost performance, project timelines, regulatory outcomes, and board‑level decisions that shape the outlook for Silvercorp Metals Inc. and its multi‑jurisdiction mining portfolio.
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Silvercorp Metals Inc. reported production and sales results for fiscal year 2023, ending March 31, 2023. The company produced approximately 6.6 million ounces of silver, 4,400 ounces of gold, 68.1 million pounds of lead, and 23.5 million pounds of zinc. Production increased by 8% for silver, 29% for gold, and 6% for lead while zinc production decreased by 12% year-over-year. For fiscal year 2024, Silvercorp anticipates silver production between 6.8 to 7.2 million ounces, gold production of 4,400 to 5,500 ounces, lead production of 70.5 to 73.8 million pounds, and zinc production of 27.7 to 29.7 million pounds, indicating potential increases across all metals except gold, which shows 0% to 25% growth.
Silvercorp Metals Inc. (TSX: SVM, NYSE American: SVM) reported its Q3 Fiscal 2023 results, highlighting a net income of $11.9 million or $0.07 per share, a significant increase from $5.1 million in Q3 Fiscal 2022. Revenue reached $58.7 million, reflecting a 1% decrease year-over-year due to lower selling prices for silver, lead, and zinc. The company produced 1.9 million ounces of silver and 20.1 million pounds of lead, with cash costs per ounce of silver at negative $1.15. For Fiscal 2024, production guidance includes mining 1,100,000 to 1,170,000 tonnes of ore, projecting increases in output for key metals.
Silvercorp Metals Inc. (SVM) has reported its production figures for the third quarter of fiscal 2023, indicating a total silver production of approximately 1.9 million ounces, alongside 1,100 ounces of gold, 20.1 million pounds of lead, and 7.0 million pounds of zinc. Compared to Q3 Fiscal 2022, silver production rose by 1%, gold remained unchanged, lead increased by 6%, while zinc saw a 13% decline. For the first nine months of Fiscal 2023, production figures showed a 10% increase in silver, a 17% rise in gold, and a 9% growth in lead, but a 12% decrease in zinc. The company plans to release complete Q3 financial results on February 9, 2023.
Silvercorp Metals has declared a semi-annual dividend of US$0.0125 per share, payable to shareholders on record by November 25, 2022, with a payment date set for on or before December 16, 2022. The dividends qualify as eligible dividends for Canadian tax purposes. The company has also filed an updated NI 43-101 Technical Report for the Ying Mining District, covering multiple underground mines in Henan Province, China. Future dividend payments will be determined by the Board based on various financial factors.
Silvercorp Metals reported its Q2 Fiscal 2023 results, revealing a net loss of $1.7 million or $0.01 per share, impacted by a $20.2 million impairment charge. Revenue declined 11% to $51.7 million from $58.4 million in Q2 Fiscal 2022, primarily due to decreased selling prices for silver, gold, and lead. However, adjusted earnings were $6.8 million or $0.04 per share. The company maintained a strong cash position of $201 million and generated operating cash flow of $14.1 million. Production metrics showed mixed results with increases in silver and gold output but a decrease in zinc production.
Silvercorp Metals Inc. (SVM) reported Q2 Fiscal 2023 operational results. The company produced approximately 1.8 million ounces of silver, 1,200 ounces of gold, 18 million pounds of lead, and 6 million pounds of zinc. Notable increases were 6% in silver, 50% in gold, and 2% in lead, while zinc production decreased by 20%. For the first half of Fiscal 2023, silver production rose by 15% year-over-year. Operations at the GC Mine were affected due to new safety regulations. The Q2 Fiscal 2023 financial results are set for release on November 3, 2022.
Silvercorp Metals Inc. (SVM) announced the results of its 2022 annual general meeting (AGM) held on September 30, where all proposed matters were approved by shareholders. A total of 101,907,093 common shares, representing 57.58% of the votes, were cast. Shareholders elected directors including Dr. Rui Feng and welcomed Ken Robertson to the board. The meeting also saw approval for the share-based compensation plan and the re-appointment of Deloitte LLP as the company's auditors. Silvercorp continues to focus on generating shareholder value through free cash flow and strategic growth initiatives.
Silvercorp Metals Inc. (SVM) announced an updated NI 43-101 Technical Report on the Ying Property, revealing a strong mineral resource profile as of December 31, 2021. The report estimates 18.7 million tonnes of mineral resources, including 146 million ounces of silver and significant increases in gold. Annual silver production is projected at approximately 7 million ounces for 2023-2025, with potential for further exploration to extend the mine life beyond 2037. This report highlights the first mineral reserves for the DCG mine and a notable increase in gold reserves.
Silvercorp Metals Inc. (SVM) announced the release of its annual Sustainability Report for Fiscal 2022, highlighting its commitment to environmental, social, and governance (ESG) practices. The report showcases major achievements, including ISO certifications across various management systems, a record of zero work-related fatalities, and investments totaling $2.1 million in environmental protection and $1.1 million in employee accommodation upgrades. The company emphasizes its long-term strategy focused on safety, sustainability, and community collaboration.