Latest news with #LonShaver
Cision Canada
12-06-2025
- Business
- Cision Canada
Silvercorp Announces Filing of the Updated Mineral Resource Estimate for its Condor Project
Trading Symbol: TSX/NYSE American: SVM VANCOUVER, BC, June 12, 2025 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) announces that, further to its news release dated May 12, 2025 (the "Release"), it has filed an updated mineral resource estimate for its Condor gold project (the "Condor Project") titled: "Independent Technical Report for the Condor Project, Ecuador" (the "Technical Report"). The Technical Report is effective February 28, 2025 and was prepared by SRK Consulting (Canada) Inc. The Technical Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and can be found on the Company's website at and under the Company's profile at and EDGAR at There are no material differences in the information in the Technical Report and the information contained in the Release. The Condor Project is not considered to be a material property of the Company at this time and the MRE was prepared and filed by the Company on a voluntary basis. Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at For further information Silvercorp Metals Inc. Lon Shaver President Phone: (604) 669-9397 Toll Free 1(888) 224-1881
Yahoo
05-06-2025
- Business
- Yahoo
Silvercorp Files Form 40-F Annual Report
Trading Symbol: TSX/NYSE American: SVM VANCOUVER, BC, June 5, 2025 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports that the Company has filed today its fiscal 2025 annual report on Form 40-F with the U.S. Securities and Exchange Commission ("SEC"). The Form 40-F, which includes the Company's fiscal 2025 annual audited financial statements, management's discussion and analysis, and annual information form, is available on the Company's website at and on the SEC's website at Printed copies of the Company's fiscal 2025 annual financial statements, management's discussion and analysis, annual information form and Form 40-F are available free of charge to Silvercorp's securityholders upon written request. About Silvercorp Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at For further informationSilvercorp Metals Inc. Lon Shaver PresidentPhone: (604) 669-9397Toll Free 1(888) 224-1881Email: investor@ View original content to download multimedia: SOURCE Silvercorp Metals Inc. Sign in to access your portfolio
Yahoo
18-02-2025
- Business
- Yahoo
Silvercorp Metals Inc (SVM) Q3 2025 Earnings Call Highlights: Record Revenue and Cash Flow ...
Revenue: Record $84 million, up 43% year over year. Operating Cash Flow: Record $45 million, up 90% year over year. Silver Production: 1.9 million ounces, up 16% year over year. Net Income: $26 million or $0.12 per share, more than double from last year. Adjusted Net Income: $22 million or $0.10 per share. Cash Balance: $355 million at the end of 2024. Production Costs: $78 per tonne in Q3, up 5% year over year. Cash Cost per Ounce of Silver: Negative $1.88, lower than last year's negative $0.96. All-in Sustaining Cost per Ounce of Silver: $12.75, up 13% year over year. Investment in Mines and Projects: $25 million, up 29% year over year. Repayment to Wheaton Precious Metals: $13.25 million. Dividends Paid: $2.7 million. Share Repurchase: Close to $1 million under NCIB program. Ore Mined and Milled: Increased by 11% and 16% year over year, respectively. Gold Production: Increased by 53% in Q3. Lead Production: Increased by 5% in Q3. Zinc Production: Decreased by 10% year over year. Year-to-Date Silver Production: 5.3 million ounces. Year-to-Date Gold Production: 4,400 ounces. Year-to-Date Lead Production: 46 million pounds. Year-to-Date Zinc Production: 19 million pounds. Warning! GuruFocus has detected 3 Warning Signs with SVM. Release Date: February 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Silvercorp Metals Inc (SVM) reported record revenue of $84 million for fiscal Q3, a 43% increase from the previous year. The company achieved record operating cash flow of $45 million, up 90% year over year. Silver production reached a record 1.9 million ounces, marking a 16% increase compared to the same quarter last year. The successful expansion of the Ying Mine's mill increased production capacity from 2,500 to 4,000 tonnes per day. Silvercorp Metals Inc (SVM) ended 2024 with a strong cash balance of $355 million, bolstered by $143 million in net proceeds from a convertible notes offering. Zinc production decreased by 10% year over year due to lower head grades. Production costs increased by 5% to $78 per tonne in Q3, attributed to more underground development and grade control drilling. All-in sustaining production costs rose by 10% year over year to $150 per tonne in Q3. The company faced a one-time $12 million government payment related to the renewal of the mining license at the SGX mine. Administrative expenses increased by $2 million, impacting the overall financial performance. Q: Are you exposed to the current tariff discussions, and how are you addressing investor concerns about it? A: Lon Shaver, President: We are not exposed to the tariff discussions as we sell all our concentrates to smelters within the country. Once the metals leave our mine site in concentrate form and we've been paid, we have no further exposure. We are not exporting anything from China, except cash in the form of dividends. However, if tariffs impact global economic activity and metals prices, we could be indirectly affected like any other miner. Q: Regarding the El Domo project, will you provide a comprehensive update in April? A: Lon Shaver, President: Yes, we plan to provide a budget with our best estimates for total construction and the current fiscal year. We are finalizing important details regarding construction, and we continue to see opportunities to reduce the initial capital, which was $248 million in the feasibility study. Q: Will there be an updated mine plan for El Domo? A: Lon Shaver, President: The mine plan is not expected to change significantly once production begins. The production numbers from the feasibility study remain the best to use going forward. Q: Is Salazar Resources still committed to their stake in the El Domo project? A: Lon Shaver, President: I cannot comment on Salazar's commitment, but we are happy with our partnership and have a good relationship with them. Q: For El Domo, should we model pricing based on LME or SME standards? A: Lon Shaver, President: An LME and a more typical pricing structure would be appropriate. We have an offtake agreement based on market terms and conditions at the time of delivery, so using Western-based LME pricing is suitable. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
