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) maintains this comprehensive news hub for investors tracking its mining operations and market position. Access official press releases and curated updates covering operational milestones, financial results, and strategic developments in precious metals production.
This resource provides timely insights into Silvercorp's core activities, including quarterly earnings, mineral exploration progress, and operational efficiency initiatives. Users will find updates on key projects in China, Mexico, and Ecuador, along with technical compliance achievements and resource expansion efforts.
The page aggregates critical information types: financial disclosures, production updates, exploration results, and corporate governance announcements. All content undergoes verification to ensure alignment with NI 43-101 standards and transparent reporting practices.
Bookmark this page to monitor Silvercorp's progress in maintaining low-cost silver production while expanding its base metals portfolio. Return regularly for updates on drilling programs, cost management strategies, and value-creating initiatives in the global mining sector.
Silvercorp Metals Inc. (TSX: SVM, NYSE American: SVM) reported adjusted net income of $39.3 million ($0.22 per share) and cash flow from operations of $91.6 million for Fiscal 2024. For Q4 Fiscal 2024, the company mined 195,160 tonnes of ore and produced approximately 1.3 million ounces of silver equivalent. Revenue for Q4 was $42.7 million, with net income of $5.5 million ($0.03 per share). For the full Fiscal 2024, Silvercorp generated revenue of $215.2 million, with a net income of $36.3 million ($0.21 per share). Operating cash flow was $91.6 million. The company’s cash cost per ounce of silver, net of by-product credits, was negative $0.38, with an all-in sustaining cost of $11.38 per ounce. Silvercorp ended Fiscal 2024 with $184.9 million in cash and equivalents. Significant investments included $45.0 million on underground development and $6.2 million on new tailings storage facilities.
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