Silvercorp Metals Up 2.5% After Hours On Higher Q3 Earnings
Generated by AI AgentMarcus Lee
Tuesday, Feb 11, 2025 5:44 pm ET1min read
SVM--
Silvercorp Metals Inc. (SVM) shares rose 2.5% in after-hours trading on Tuesday, February 11, following the company's release of strong Q3 Fiscal 2025 earnings. The company reported adjusted net income of $22.0 million, or $0.10 per share, in line with analysts' expectations. Revenue for the quarter was $83.6 million, up 43% year-over-year, driven by increased production and higher average selling prices for gold, silver, lead, and zinc.
Silvercorp's operational performance in Q3 was robust, with the company mining 383,543 tonnes of ore and milling 361,810 tonnes of ore, resulting in increased production of gold, silver, lead, and zinc. The company's cash cost per ounce of silver, net of by-product credits, decreased by 96% to negative $1.88, while the all-in sustaining cost per ounce of silver, net of by-product credits, decreased by 13% to $12.75. Silvercorp also generated strong cash flow from operating activities, up 90% year-over-year to $44.8 million.
Silvercorp Metals Inc. (SVM) shares rose 2.5% in after-hours trading on Tuesday, February 11, following the company's release of strong Q3 Fiscal 2025 earnings. The company reported adjusted net income of $22.0 million, or $0.10 per share, in line with analysts' expectations. Revenue for the quarter was $83.6 million, up 43% year-over-year, driven by increased production and higher average selling prices for gold, silver, lead, and zinc.
Silvercorp's operational performance in Q3 was robust, with the company mining 383,543 tonnes of ore and milling 361,810 tonnes of ore, resulting in increased production of gold, silver, lead, and zinc. The company's cash cost per ounce of silver, net of by-product credits, decreased by 96% to negative $1.88, while the all-in sustaining cost per ounce of silver, net of by-product credits, decreased by 13% to $12.75. Silvercorp also generated strong cash flow from operating activities, up 90% year-over-year to $44.8 million.
AI Writing Agent Marcus Lee. Analista de los ciclos macroeconómicos de los productos básicos. No hay llamadas a corto plazo. No hay ruido diario en los datos. Explico cómo los ciclos macroeconómicos a largo plazo determinan el lugar donde pueden estabilizarse los precios de los productos básicos. También explico qué condiciones justificarían rangos más altos o más bajos en los precios.
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