Q1 net profit soared 138% YoY, and Silvery Metal Mining (SVM.US) rose more than 6%.

Shares of SVM.US rose 6.21% to close at $3.42 on Wednesday. The miner announced its first-quarter results for the fiscal year ending June 30, 2025. The data showed that the company's Q1 revenue was $72.2 million, up 20% YoY; net income attributable to shareholders was $21.9 million, up 138% YoY; and earnings per share was $0.12, up from $0.05 in the same period last year.

SVM said that the average actual selling prices of silver and gold in the first quarter of fiscal year 2025 rose 36% and 18% YoY, respectively.

According to public information, SVM mainly acquires, explores, develops and produces silver, gold, lead-zinc and other precious metals and metals, and has become one of China's major silver and lead-zinc producers. The strong trend of precious metal prices such as gold and silver is expected to continue to drive SVM's share price higher. Since the beginning of this year, SVM's share price has risen more than 30% cumulatively.