Last C$1.78 CAD
Change Today 0.00 / 0.00%
Volume 0.0
SVM On Other Exchanges
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silvercorp metals inc (SVM) Snapshot

Open
C$1.78
Previous Close
C$1.82
Day High
C$1.83
Day Low
C$1.72
52 Week High
02/13/14 - C$3.62
52 Week Low
11/5/14 - C$1.18
Market Cap
304.2M
Average Volume 10 Days
328.2K
EPS TTM
C$0.07
Shares Outstanding
170.9M
EX-Date
12/29/14
P/E TM
20.4x
Dividend
C$0.02
Dividend Yield
1.12%
Current Stock Chart for SILVERCORP METALS INC (SVM)

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silvercorp metals inc (SVM) Details

Silvercorp Metals Inc., together with its subsidiaries, is engaged in the acquisition, exploration, development, and mining of mineral properties in China and Canada. The company’s principal property includes the Ying silver-lead-zinc project located in the Ying Mining District, the Henan Province, China. It also explores for gold properties. The company was formerly known as SKN Resources Ltd. and changed its name to Silvercorp Metals Inc. in May 2005. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.

silvercorp metals inc (SVM) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: --
President and Director
Total Annual Compensation: --
Chief Financial Officer and Chief Accountant
Total Annual Compensation: C$240.0K
Senior Vice President
Total Annual Compensation: C$126.1K
General Counsel and Corporate Secretary
Total Annual Compensation: C$180.0K
Compensation as of Fiscal Year 2014.

silvercorp metals inc (SVM) Key Developments

Silvercorp Metals Inc. Announces Management Changes

Silvercorp Metals Inc. announced that its founder and Chairman, Dr. Rui Feng, is being re-appointed to the Chief Executive Officer position. The Board of Directors announced Dr. Feng's return to the Chief Executive Officer position, a role he held from September 2003 until October 2013. With Dr. Feng returning to the CEO position, Myles Gao, will assume the position of President, Corporate Development, with a focus on identifying acquisitions and new business opportunities brought about by the current resource sector downturn. The company is further strengthening its management team with the recruitment of Derek Liu, who will assume the role of interim Chief Financial Officer effective February 2015. Derek Liu is a professional accountant with over 15 years of diverse international experience in financial reporting, auditing, and accounting. He has held senior accounting positions, such as corporate controller and chief financial officer, at a number of public Canadian mining companies for the past several years including the role of financial controller of Silvercorp from 2006 to 2010.

Silvercorp Metals Inc. Declares Quarterly Cash Dividend, Paid on or Before January 21, 2015

Silvercorp Metals Inc. announced that its Board of Directors has declared a quarterly dividend of CAD 0.005 per share (CAD 0.02 per share on an annual basis) to be paid on or before January 21, 2015, to shareholders of record at the close of business December 31, 2014. The dividends are considered eligible dividends for Canadian tax purposes.

Silvercorp Metals Inc. Reports Consolidated Unaudited Earnings and Operational Results for the Second Quarter and Six Months Ended September 30, 2014

Silvercorp Metals Inc. reported consolidated unaudited earnings and operational results for the second quarter and six months ended September 30, 2014. In second quarter fiscal 2015, net income attributable to equity holders of the company was $7.2 million or $0.04 per share compared to net loss of $43.2 million, or $0.25 per share for the three months ended September 30, 2013. In the current quarter, the company's financial results were mainly impacted by the following: (i) higher metals produced as silver, lead, and zinc production increased 32%, 48%, and 137%, respectively, compared to the prior year quarter, which resulted in (ii) increased metal sales, up $8.9 million, or 31% compared to prior year quarter, of which $5.3 million was contributed from commercial production at the GC mine, and (iii) overhead general and administrative spending decreased 14% from the prior year quarter, offset by (iv) lower gold production and sales as the BYP mine was put into care and maintenance in this quarter. In second quarter fiscal 2015, the Company realized sales of $37.3 million compared to $28.5 million in second quarter fiscal 2014. Cash flows from operations in second quarter fiscal 2015 were $20.1 million, or $0.12 per share, compared to $5.7 million, or $0.03 per share, in second quarter fiscal 2014. Income from operations was $13.505 million against loss of $62.286 million a year ago. Income before income taxes was $13.734 million against loss of $61.341 million a year ago. Profit attributable to equity holders of the company was $7.228 million against loss of $43.201 million a year ago. Net cash provided by operating activities was $20.105 million against $5.663 million a year ago. Capital expenditures were $7.430 million against $12.962 million a year ago. Plant and equipment additions were $2.549 million against $5.874 million a year ago. For the six months ended September 30, 2014, net income was $14.2 million, or $0.06 per share compared to net loss of $46.8 million, or $0.23 per share in the same prior year period. For the six months ended September 30, 2014, sales were $67.9 million compared to $68.3 million in the same prior year period. For the six months ended September 30, 2014, cash flows from operations were $33.9 million or $0.20 per share, compared to $23.4 million, or $0.14 per share, in the same prior year period. Income from operations was $21.693 million against loss of $52.697 million a year ago. Income before income taxes was $22.054 million against loss of $50.857 million a year ago. Profit attributable to equity holders of the company was $9.972 million against loss of $38.639 million a year ago. Net cash provided by operating activities was $33.931 million against $23.355 million a year ago. Capital expenditures were $13.735 million against $26.605 million a year ago. Plant and equipment additions were $4.127 million against $11.427 million a year ago. In second quarter fiscal 2015, the company produced 1.348 million ounces of silver, 860 ounces of gold, 14.1 million pounds of lead, and 5.2 million pounds of zinc, compared to 1.0 million ounces of silver, 3,012 ounces of gold, 9.5 million pounds of lead, and 2.2 million pounds of zinc, respectively, in second quarter fiscal 2014. Metal production in this quarter continues to be positively impacted by improved dilution control, mine planning and mining contractor management, which resulted in a 3% and 14% increase in silver and lead head grades, along with a 29% increase in ore production at the Ying Mining District. In addition, the commencement of commercial production at the GC mine contributed to higher metal production. For the six months ended September 30, 2014, the company produced 2.5 million ounces of silver, 4,321 ounces of gold, 25.6 million pounds of lead, and 6.4 million pounds of zinc, compared to 2.4 million ounces of silver, 6,789 ounces of gold, 23.0 million pounds of lead, and 5.9 million pounds of zinc, respectively, in the same prior year period.

 

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SVM Competitors

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Company Last Change
Aurcana Corp C$0.30 CAD 0.00
Endeavour Silver Corp C$3.54 CAD 0.00
Excellon Resources Inc C$0.82 CAD 0.00
Great Panther Silver Ltd C$0.92 CAD 0.00
Scorpio Mining Corp C$0.21 CAD 0.00
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Industry Analysis

SVM

Industry Average

Valuation SVM Industry Range
Price/Earnings 33.0x
Price/Sales 2.3x
Price/Book 0.7x
Price/Cash Flow 33.0x
TEV/Sales 0.9x
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