Welcome to our dedicated page for Silvercorp Metals news (Ticker: SVM), a resource for investors and traders seeking the latest updates and insights on Silvercorp Metals stock.
Silvercorp Metals Inc. reports operating, project, and financing developments for a Canadian mining company producing silver, gold, lead, and zinc. Recurring updates cover production and sales volumes, mine operating costs, capital expenditure guidance, and financial results tied to operations such as the Ying Mining District and GC Mine in China.
Company news also covers exploration drilling, construction activity, and technical disclosures for projects including Kuanping, El Domo, Condor, Tulkubash, and Kyzyltash. Additional announcements address NI 43-101 technical reports, mineral resource estimates, ESG ratings, syndicated loan facilities, and portfolio expansion across China, Ecuador, and Kyrgyzstan.
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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