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
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 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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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
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