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.
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.
Silvercorp Metals Inc. has announced a normal course issuer bid (NCIB) effective August 29, 2022, to repurchase up to 7,079,407 common shares, approximately 4% of its outstanding shares. The buyback program is aimed at enhancing shareholder value, as the company believes its shares are undervalued. As of June 30, 2022, Silvercorp reported US$363 million in corporate assets, including US$215.8 million in cash and equivalents. The NCIB will expire on August 28, 2023, and all repurchased shares will be canceled.
Silvercorp Metals Inc. (SVM) announced its operational results for Q1 Fiscal 2023, ending June 30, 2022. The company reported production of about 1.9 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 6.9 million pounds of zinc. Notable increases in production were observed: silver (26%), gold (10%), and lead (20%), while zinc production fell by 4%. The company aims to produce between 7.0 to 7.3 million ounces of silver and 6,300 to 7,900 ounces of gold for Fiscal 2023. Q1 sales increased overall by 17%. Unaudited financial results will be released on August 11, 2022.
Silvercorp Metals Inc. (SVM) has declared a semi-annual dividend of US$0.0125 per share, payable to shareholders of record by June 6, 2022. The dividend payment date is set for on or before June 24, 2022. The dividends qualify as eligible dividends for Canadian tax purposes. Future dividends will be determined by the Board, considering factors like commodity prices, market conditions, and cash flow. Silvercorp is engaged in silver, gold, lead, and zinc mining, focusing on creating shareholder value through profitable operations and responsible mining practices.
Silvercorp Metals (SVM) reported its Q4 and fiscal 2022 results, showing a 13% increase in revenue to $217.9 million, driven by higher metal prices. However, net income fell by 34% to $30.6 million or $0.17 per share, down from $46.4 million in fiscal 2021. Operational highlights include the sale of 6.3 million ounces of silver and cash flow from operations rising 25% to $107.4 million. Despite increased mining and production costs, the cash cost per ounce of silver was negative $1.29. The company ended with $212.9 million in cash and equivalents, up 7%.
Silvercorp Metals Inc. (TSX: SVM, NYSE American: SVM) reported production results for Fiscal 2022, highlighting a total output of approximately 6.1 million ounces of silver, 3,400 ounces of gold, 64.4 million pounds of lead, and 26.8 million pounds of zinc. This fell short of the expected silver guidance of 6.3 to 6.6 million ounces. The company maintained its Fiscal 2023 guidance with anticipated production increases of up to 19% in silver and 132% in gold compared to Fiscal 2022.
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