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Silvercorp Metals Inc - SVM STOCK NEWS

Welcome to our dedicated news page for Silvercorp Metals (Ticker: SVM), a resource for investors and traders seeking the latest updates and insights on Silvercorp Metals.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Silvercorp Metals's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Silvercorp Metals's position in the market.

Rhea-AI Summary
Silvercorp Metals Inc. reported its financial results for Q1 Fiscal 2024. They mined 303,220 tonnes of ore, produced 1.8 million ounces of silver, and generated $60.0 million in revenue. Net income was $9.2 million. Cash flow from operating activities was $28.9 million. They have a strong balance sheet with $200.6 million in cash and cash equivalents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
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Rhea-AI Summary
Silvercorp Metals Inc. reports that the exclusivity period with Celsius Resources Limited has expired. The two companies have not reached an agreement on the terms of a definitive agreement.
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-2.21%
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Rhea-AI Summary
Silvercorp Metals Inc. and OreCorp Limited have signed a binding scheme implementation deed for Silvercorp to acquire all fully-paid ordinary shares of OreCorp not held by Silvercorp or its associates. OreCorp shareholders will receive A$0.15 in cash and 0.0967 of a Silvercorp common share for each OreCorp Share held. The Agreement aims to create a diversified, highly profitable precious metals company with a pro forma market cap of US$630 million and provide a re-rating opportunity on the successful development of Nyanzaga Gold Project.
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-1.39%
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-1.37%
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5.13%
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-0.32%
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-1.06%
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Rhea-AI Summary
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Rhea-AI Summary
Silvercorp Metals Inc. reports financial and operating results for Fiscal 2023. Mined 1,068,983 tonnes of ore, produced 6.6 million ounces of silver. Revenue of $208.1 million. Net income of $20.6 million. Cash flow from operating activities of $85.6 million. Strong balance sheet with $203.3 million in cash. Q4 Fiscal 2023 highlights: Mined 181,848 tonnes of ore, produced 1.1 million ounces of silver. Revenue of $34.1 million. Net income of $0.2 million. Cash flow from operating activities of $5.7 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.56%
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Silvercorp Metals Inc

NYSE:SVM

SVM Rankings

SVM Stock Data

624.17M
169.34M
4.34%
34.58%
1.93%
Silver Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Vancouver

About SVM

silvercorp is a low-cost silver-producing canadian mining company with multiple mines in china. the company’s vision is to deliver shareholder value by focusing on the acquisition of under developed projects with resource potential and the ability to grow organically. for more information, please visit our website at www.silvercorpmetals.com