Company
Silvercorp Metals Inc
TSE:SVM
Silvercorp Metals Inc is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The company’s goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees’ wellbeing, and sustainable development.
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Silvercorp Metals' strong balance sheet offers hope of further capital returns or opportunistic deals according to Canaccord
The broker highlighted the group’s “pure-play” silver exposure, strong margins, healthy balance sheet and emerging organic growth profile
Silver junior shines on resource update: Proactive’s daily small cap movers
Substantial M&I resource growth lifted shares of a precious metals project developer Friday, plus other big percentage movers on news from the small and microcap space
Silvercorp Metals releases 2Q results highlighting gains in silver, gold and lead production
The company said it produced around 1.8 million ounces of silver, 1,200 ounces of gold and 18.0 million pounds of lead during the period, representing gains of 6%, 50% and 2% respectively compared to the corresponding year-ago period
Silvercorp Metals releases fiscal 2Q 2023 operational update; to announce financial results on November 3
The China-focused company reported a 6% increase in silver production, 50% increase in gold, and a 2% increase in lead output in the second quarter ended September 30, 2022
Silvercorp Metals hits new, high-grade silver-lead-zinc veins at LMW mine at Ying project
From October 1, 2021 to September 30, this year, 56,803 metres (m) in 416 diamond drill holes, including 372 underground and 44 surface were completed at LMW
Silvercorp Metals projects strong silver production at Ying Property in China based on technical report
The company estimates annual silver production to average roughly 7 million ounces between fiscal 2023 and 2025, 8 million ounces between 2026 and 2029, 7.1 million ounces between 2030 and 2032, and 4 million ounces between 2033 and 2037
Silvercorp Metals announces publication of annual Sustainability Report for Fiscal 2022
"While our approach to sustainability will continue to evolve over time, our commitment to integrating ESG factors in our strategic planning, operations, and management remains the same," said CEO Dr Rui Feng
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Canaccord likes Silvercorp Metals 'pure-play' silver exposure, strong margins, healthy balance sheet and emerging organic growth
It comes after the release of the group's financial and operating results for the first quarter to June 30 this year, which showed the company has $150 million in cash and no debt
Silvercorp Metals posts first quarter financial and operating results showing an increase in revenue as mined ore tonnes and rolled rose significantly
The company mined 300,104 tonnes of ore and milled 298,176 tonnes of ore, up 30% and 23% compared to the prior-year quarter
Silvercorp Metals posts double-digit growth in silver, lead and gold production and sales in 1Q
The China-focused firm said on a consolidated basis, sales increased 17%, 10%, and 14% for silver, lead, and gold, respectively
Silvercorp Metals records 13% revenue increase in fiscal year ended March 31, 2022
The company ended its fiscal year with a strong balance sheet of $212.9 million in cash and cash equivalents and short-term investments, up 7% compared to the year-ago period
Silvercorp Metals releases fiscal 2022 production; reiterates production guidance for 2023
The Vancouver-based firm's figures for 2023 represent increases of 14% to 19% in silver, 85% to 132% in gold, 6% to 11% in lead, and 19% to 29% in zinc, compared to fiscal 2022 production results
Silvercorp gives updates on construction plan as it makes progress on new flotation mill and tailings storage facility in China
The company said it expects the construction of the new mill to be completed by the end of 2023, and Phase 1 of the tailings storage facility by the end of 2024
Canaccord Genuity happy with Silvercorp Metals 3Q results, citing strong margins, healthy balance sheet as catalysts for 'Buy' rating
Revenue, earnings per share and the quarter-end fiscal position of the company were all largely in line with Canaccord’s estimates
Silvercorp Metals guides for strong 2023 production as it reports 3Q 2022 results
For the three months ended December 31, 2021, the company mined 292,072 tonnes of ore and milled 304,772 tonnes, up 5% and 17% compared to the prior-year quarter
Silvercorp Metals hits multiple high-grade silver and gold zones in 2021 drilling at TLP mine in China
The company reported impressive additional high-grade intercepts from its 43,573-metre drilling program across a total of 276 diamond drill holes at the TLP mine
Silvercorp Metals hits high-grade silver and zinc at its SGX mine in China
Drill results included 3.2 meters (m) of 2,532 grams per tonne silver and 14.4% zinc from 58.4m depth
Silvercorp Metals hikes gold, silver, lead, and zinc production in its fiscal 3Q, thanks to its flagship Ying project in China
For the period ended December 31, 2021, the Canadian mining company increased production to roughly 1.8 million ounces of silver, 1,100 ounces of gold, 19 million pounds of lead, and 8 million pounds of zinc
Silvercorp Metals reports high-grade intercepts from extensive exploration at its HPG mine at Ying project
HPG is one of six mines that make up the Ying project and the company said high-grades were uncovered in the diamond drill program, which ran from June 1 to December 31 last year and saw 153 holes sunk, including 89 underground holes and 64
Silvercorp Metals on track to meet fiscal 2021 output guidance as the miner continues to expand its asset portfolio
Silvercorp Metals is a miner focused on silver, lead and zinc in China
Silvercorp Metals publishes its annual sustainability report for fiscal 2021
It had integrated "ESG factors into its strategic planning, operations, and management, generating impactful change in its communities and creating sustainable economic, social, and environmental value for all stakeholders".
Silvercorp Metals to build new mill and tailings storage facility near its operations in the Ying mining district
The silver miner said that the project will give the company additional capacity to grow its existing mining operations at Ying after recent drilling programs have uncovered new resources
Silvercorp Metals reports increased revenue and cashflow in its fiscal second quarter
In the three months to September 30, the company reported revenue of US$58.4 million, up from US$56.3 million in the second quarter a year earlier.
Silvercorp Metals on track to meet annual output guidance for fiscal 2022 as it posts second quarter figures
The China-focused metals miner said it was on pace to generate between 6.3 and 6.6 million ounces of silver, 65.7 to 68.9 million pounds of lead and 26.9 to 28.5 million pounds of zinc for fiscal 2022
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Silvercorp Metals buys Kuanping silver-lead-zinc-gold project via online auction; reports exploration results from its LMW mine
In January, Silvercorp reported a successful bid for the exploration rights of the Zhonghe project, also via online auction, offering RMB 495 million, or around US$76 million
Silvercorp Metals unveils positive exploration results from its DCG mine at the Ying project
The DCG mine is one of the firm's six mines, which make up its flagship Ying project, where 207 diamond drill holes were sunk between March 2020 and September 30, 2021
Silvercorp Metals provides more details of water treatment plant upgrade at flagship China mine project
In November 2020, Silvercorp said it worked with Henan University of Science and Technology (HAUST) to implement an innovative technology to treat water from its underground mines
Silvercorp Metals striving to create 'green mines'; has developed waste rock treatment plant at Ying district
The company's flagship Ying project, which comprises six separate mines, for example, has historically produced a substantial amount of waste rock
Silvercorp Metals increases resources and reserves at its GC mine; sees potential to extend mine life past 2034
Proven and probable reserves have increased by 8% compared to the previous technical report released in 2019
Silvercorp releases high-grade intercepts from its GC mine; continues extensive drill program
A total of 72,878 meters from 704 underground diamond drill holes were completed
Silvercorp Metals says fiscal 1Q revenues rose 26% year-over-year
A bulk of that uptick was a result of income from mine operations climbing 32% to $25.5 million, a $6 million increase from fiscal 1Q 2021
Silvercorp Metals expects to meet annual output guidance for fiscal 2022 despite first quarter decline
Across its operations, the company mined 231,235 tonnes in the first quarter of the tear ended March 31, 2022, which was down 9% compared to fiscal 1Q 2021
Silvercorp Metals hits high-grade veins in and above production areas with exploration drilling at SGX mine
The SGX mine is one of six underground mines at the metal miner's flagship Ying complex
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Silvercorp Metals says latest drilling confirms potential of high grade mineralization outside resource at LME mine
The LME mine is one of six underground mines at the metal miner's flagship Ying complex in China
Silvercorp Metals intersects high-grade gold and silver at HPG mine in China
In addition to the HPG mine, the polymetallic producer also has several other projects inside the Ying silver-lead-zinc property in the Henan Province
Silvercorp Metals reveals numerous high-grade intercepts from drill program at its TLP Mine in the Ying Mining District
Drilling intersected 1.74 metres true width of 3,911 grams per tonne silver, 6.22% lead, 2.11% zinc and 0.55% copper
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Silvercorp Metals finds wide and high-grade intercepts from 2021 exploration at LMW mine, Ying project
Currently, ten drill rigs are turning at LMW and 116 diamond drill holes, including 100 underground holes and 16 surface holes totaling 22,890m, have been completed
Roth Capital ups target price for Silvercorp Metals to $9.00, reiterates 'Buy' rating following recent Q4 results
The Roth analysts said they believe Silvercorp remains undervalued compared to its peer group and that there is significant upside for the company's equity investments, which could provide external catalysts for the company.
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Silvercorp Metals records upswing in net income and revenue as it posts latest fiscal year results
It recorded net income attributable to shareholders of US$46.4 million in the fiscal year, compared to US$34.3 million in 2020
Silvercorp Metals granted three new exploration permits at Ying project covering areas where 'extensive mineralization' has been hit
The new permits cover 48.8 square kilometers and cover the depth extensions of three mining permits, namely SGX, HPG, and TLP-LME-LMW
Silvercorp Metals sees production levels increase throughout fiscal 2021, meeting or exceeding guidance
The China-focused miner produced around 6.3 million silver ounces and 68.4 million tons of lead in its fiscal 2021
Canaccord and Roth repeat 'Buy' ratings on Silvercorp Metals following third quarter results
For fiscal 2022 (to March 30,2022) the miner said it expects to process around 960,000 to 1,010,000 tonnes of ore
Silvercorp Metals reports upswing in income and revenue in fiscal third quarter
For the three months to end-December 2020, the group reported net income of US$8.4 million, or US$0.05 per share, compared to US$6.3 million, or US$0.04 a share, in the same period a year earlier
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Silver companies shine as investors ponder long-term price fundamentals amid Wall Street buying frenzy
For silver-focused mineral companies, the excitement surrounding prices puts the metal sharply into focus in a way that has more often been associated with gold
Silvercorp Metals subsidiary acquires La Yesca silver project in Mexico
The project covers an area of around 47.7 square kilometers and is located around 100km northwest of the city of Guadalajara
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Analysts react positively to Silvercorp Metals' acquisition of Zhonghe silver project
Yesterday, the group reported it had successfully bid for the exploration rights for the asset via an online auction
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Silvercorp Metals set to expand portfolio in China as it wins online auction for Zhonghe silver project
The project covers an area of nearly five square kilometres and lies around 75 kilometres by road northeast from the firm's producing Ying project
Silvercorp Metals receives a reiterated 'buy' from Canaccord Genuity on valuation grounds
"Based on our conversations with investors, the true value proposition of the company is not well understood"
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Silvercorp Metals on track to meet fiscal 2021 output guidance as it reports third quarter numbers
The metals producer generates gold, silver, lead and zinc from two sites - its Ying project and the GC mine in China
Silvercorp Metals announces high-grade gold and silver results in a new vein at the HPG mine in China
Assay results from its 2020 exploration program included a 1.58m interval grading 17.08 g/t gold, 301 g/t silver, and 18.66% lead
Silvercorp Metal says its mines have received green mine certification in China
The coveted green mine designation is awarded to mines that minimize adverse impacts on the environment
Silvercorp Metals announces drill results including 37 g/t gold in new zones at the LMW mine in China
The company said assay results for 125 holes have been received with 72 holes intercepting “many zones of higher-grade silver-lead mineralization”
Silvercorp Metals' second-quarter 2021 earnings surge 27%; on track to meet its annual production and cost guidance
Silvercorp Metals attributed its jump in earnings to higher selling prices for silver, gold and zinc
Silvercorp Metals unveils encouraging exploration drill results from one mine at its flagship Ying project
LME is one of six underground mines at the firm's Ying complex where exploration drilling and tunneling work is ongoing
Silvercorp Metals still on track to meet fiscal 2021 output guidance as it reports solid second quarter numbers
The China-focused underground mine operator told investors it generated around 1.7 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 7.1 million pounds of zinc in the three months to September 30
Silvercorp Metals releases results of TLP exploration program
It has received assay results for 71 holes drilled in the campaign, 48 of which have intercepted mineralization
Silvercorp Metals gets price target boost, repeat Buy rating from Roth after promising Ying mine update
The firm was pleased to see Silvercorp increase the reserve and resource estimate for its Ying Mining District assets in China at the end of August
Silvercorp Metals boosts mineral resource at Ying complex in a new technical report on the flagship property
The mining firm said that measured and indicated silver resources increased by 18% at six underground mines on the property
Silvercorp Metals shares flying higher after price target bump, renewed Buy rating from Roth
Silvercorp’s recently announced fiscal first quarter revenue of US$46.7 million and earnings of $0.09 per share beat the firm's expectations of $45.7 million and $0.04 per share, respectively
Gold-silver ratio reaches its highest level in 87 years from its lowest level in 41 years
The gold-silver ratio indicates how many ounces of silver are required to buy one ounce of gold. In time periods where the ratio is relatively high, it acts as a leading indicator for a rise in silver’s value
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Silvercorp Metals reports increased revenue and net income in first quarter, lower production costs
The firm sold 1.9 million ounces of silver, 1,100 ounces of gold, 20.9 million pounds of lead in the three month period, representing increases of 1%, 10% and 17%, respectively
Avalon Investment and Anconia Resources announce US$4.5 million investment from Silvercorp Metals
Avalon, the holder of an indirect 100% interest in the Omai Gold Mine in Guyana, issued 30 million shares to Silvercorp
Silvercorp Metals reports encouraging underground drill result from DCG mine being developed in Ying District
One hole intercepted a 1.02 metre (m) interval from between 259.01m and 260.03m depth grading 1.5 grams per ton (g/t) gold and a 1.90m interval from 406.86m to 408.76m grading 15 g/t of the yellow metal
Roth Capital ups target for Silvercorp Metals after fiscal first quarter production beats its estimates
Roth hiked its price target to US$6.50 from US$6.25 previously, with Silvercorp shares currently changing hands at US$6.15 in New York
Silvercorp Metals on track to meet fiscal 2021 output guidance as it reports solid first quarter numbers
The China-focused underground mine operator produced around 1.8 million ounces of silver, 20.1 million pounds of lead and 7.5 million pounds of zinc in the three months to June 30, 2020
Silvercorp Metals will not match 'superior proposal' for producer Guyana Goldfields
As reported in May, Silvercorp amended a previously announced agreement with Guyana Goldfields Inc (TSE:GUY), which valued Guyana at around C$227 million
Silvercorp Metals launches drill program targeting previously unexploited gold at its China mines
Historical drilling at the LMW, LME and TLP mines within the group's Ying mining district have shown limited gold assays
Silvercorp Metals lifts cashflow from operations and posts net income of US$34.3 million in full-year 2019/20
The miner's silver, lead, and zinc output surpassed its guidance for the 12 months to March 31, 2020, despite the fact that the China operations were suspended for around six weeks in the fourth quarter
Silvercorp Metals strikes amended deal to buy mid-tier producer Guyana Goldfields
Aurora reached commercial production in 2016 and the deal creates a diversified precious metals producer with two profitable underground mines in China and a gold operation in Guyana.
Silvercorp Metals surpasses fiscal 2020 production guidance despite pandemic shutdown
The miner ramped up operations in March to full capacity with no cases of coronavirus reported among its employees
Silvercorp Metals to buy Guyana Goldfields Inc, which runs Aurora gold mine, in C$105M deal
The deal creates a diversified precious metals producer with two profitable underground mines in China and a gold operation in Guyana along with a strong balance sheet to fund growth
Silvercorp donates personal protective equipment to Vancouver-area hospitals fighting coronavirus pandemic
The company donated 17,000 3M N95 respirator masks, 100,000 pairs of medical gloves, 1,000 protective bodysuits, and 540 goggles
Silvercorp Metals to launch share repurchase program
It believes market conditions have undervalued its shares and the long-term value of Silvercorp’s portfolio of producing mines in China
SilverCorp Metals: China's premier silver miner continues to lift output as it eyes more growth opportunities
A profitable company, Silvercorp is focused on mining silver, lead and zinc
Roth hikes price target on Silvercorp Metals following 3Q results
The firm ended the year with a strong balance sheet with $155.1 million in cash and equivalents and short-term investment - an increase of 15% compared to September 30 last year
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Silvercorp Metals fiscal 3Q revenue jumps 5% to $44.5M on strong production
It produces silver, lead and zinc metals in concentrates from mines in China, with ore mined up 1% to 262,586 tons from the prior-year quarter
Silvercorp Metals is already outperforming its peer group on costs, margins and cashflow, and has ambitious plans for further growth
Silvercorp is the largest Western-listed producer of silver in China
Silvercorp Metals looking ahead with confidence after second quarter results breeze past analyst estimates
The group's flagship asset is the Ying project, also known as the SGX silver-lead-zinc property, which started commercial production in 2006
Silvercorp Metals says exploration at its GC mine has extended mineralization
GC is the firm's second primary asset and initial output started in 2014. It has a projected mine life of 12 years
Roth lifts target price on Silvercorp Metals after second quarter results beat across the board
The miner also has a strong balance sheet, which it could use to acquire an underfunded development stage asset, analyst Joe Reagor notes
Silvercorp Metals, the China-focused miner, reports 52% increase in net income in second quarter
The firm produces metals from the Ying project in the Henan Province and also the GC mine in the Guangdong province
Silvercorp Metals finds more mineralization at flagship SGX mine project in China after drilling and exploration
The firm's Ying project, also known as the SGX mine, was acquired in 2004 and started commercial production on April 1, 2006