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Silvercorp Metals Inc (N:SVM)

Business Focus: Silver Mining

Sector:  Basic Materials Industry:  Precious Metals & Minerals
 
Company Contact
Address: Suite 1750-1066 W. Hastings Street
VANCOUVER BC V6E 3X1
Tel: N/A
Website: www.silvercorpmetals.com
IR: See website
Key People
Rui Feng
Chairman of the Board, Chief Executive Officer
Derek Liu
Chief Financial Officer
Lon Shaver
Vice President
Yong-Jae Kim
General Counsel, Corporate Secretary
   
Business Overview
Silvercorp Metals Inc. (Silvercorp) is a mining company producing silver, lead and zinc metals in concentrates from mines in China. Silvercorp operates several silver-lead-zinc mines at the Ying Mining District in Henan Province, China and Gaocheng (GC) silver-lead-zinc mine in Guangdong Province, China. The Ying Mining District consists of several mines, including the SGX, HPG, TLP, LME, LMW, and HZG mines, and is the Company's primary source of production. The SGX area, which includes a smaller satellite deposit, the HZG mine, is in the western part of the Ying Mining District and is permitted by the Yuelianggou Mining License, which is covering 19.83 square kilometer(km) of area and between 1060 meters (m) and 0 m elevation. The BYP mine is located in Hunan Province, China.
Financial Overview
For the nine months ended 31 December 2019, Silvercorp Metals Inc revenues increased 3% to $140M. Net income increased 13% to $31.1M. Revenues reflect Mining-Henan Luoning-Silver segment increase of 14% to $21.7M, Guangdong segment increase of 13% to $16.4M, Zinc Production (Metric Tonnes)-GC increase of 42% to 7K metric tons. Net income benefited from Office and administrative expenses decrease of 16% to $3.9M (expense).