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: | https://silvercorpmetals.com |
| IR: | See website |
| Key People | ||
| Rui Feng Chairman of the Board, Chief Executive Officer | Derek Liu Chief Financial Officer | Lon E. Shaver Vice President |
| Lichang Peng General Manager of China Operations | Song Hong Deputy General Manager of China Operations | |
| Business Overview |
| Silvercorp Metals Inc. is a mining company. The Company is engaged in producing silver, gold, lead, and zinc with a long history of profitability and growth potential. It is engaged in the acquisition, exploration, development, and mining of mineral properties. The Company's operations include Ying Mining District, GC Mine and BYP Mine. Its Ying operation is located approximately 240 kilometers (km) west-southwest of Zhengzhou, the capital city of Henan Province, China, and 145 km southwest of Luoyang. The flagship Ying operations consist of seven underground mines, including SGX, HZG, HPG, TLP, LME, LMW and DCG and two processing plants (combined 2,600 tpd capacity) The GC mine is located approximately 200 km west of Guangzhou, the capital city of Guangdong Province, China. The BYP Mine is located approximately 220 km southwest of Changsha, the capital city of Hunan Province, China. It also operates two sulphide flotation plants at Ying with a total design capacity of 2,600 tpd. |
| Financial Overview |
| For the nine months ended 31 December 2023, Silvercorp Metals Inc revenues decreased 1% to $172.5M. Net income increased 51% to $30.8M. Revenues reflect Guangdong segment decrease of 20% to $22.7M, Zinc, Avg Price per unit, Total decrease of 25% to $1779 per metric ton, Zinc Production (Metric Tonnes)-GC decrease of 28% to 5K metric tons. Net income reflects Impairment of Fixed Asset decrease from $20.2M (expense) to $0K. |
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