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Stock impact report

Silvercorp Reports Q3 Net Income of $8.7 Million, $0.05 Per Share, and Provides Fiscal 2020 Production and Cash Costs Guidance

Silvercorp Metals Inc. Common Shares (SVM) 
US:NYSE Investor Relations: silvercorpmetals.com/investors
Company Research Source: GlobeNewswire
VANCOUVER, British Columbia, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the third quarter ended December 31, 2018 (“Q3 Fiscal 2019”).  All amounts are expressed in US Dollars. Q3 FISCAL YEAR 2019 HIGHLIGHTS Ore mined up 3% to 260,278 tonnes compared to the prior year quarter;Sold approximately 1.7 million ounces of silver, 1,100 ounces of gold, and 17.8 million pounds of lead, up 13%, 57%, and 13%, respectively, compared to the prior year quarter while zinc sold was 4.1 million pounds, down 36% compared to the prior year quarter.Ended the quarter with inventories of 4,211 tonnes of silver-lead concentrate (containing approximately 0.4 million ounces of silver and 4.4 million pounds of lead) and 3,079 tonnes of zinc concentrate (containing approximately 3.1 million pounds of zinc), up 13% and 415%, respectively, compared to September 30, 2018;Sales of $42.4 Show less Read more
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