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Last C$1.50 CAD
Change Today -0.01 / -0.66%
Volume 337.2K
SVM On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:00 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

silvercorp metals inc (SVM) Snapshot

Open
C$1.51
Previous Close
C$1.51
Day High
C$1.54
Day Low
C$1.45
52 Week High
07/10/14 - C$2.36
52 Week Low
11/5/14 - C$1.18
Market Cap
256.3M
Average Volume 10 Days
595.6K
EPS TTM
C$-0.10
Shares Outstanding
170.9M
EX-Date
06/26/15
P/E TM
14.7x
Dividend
C$0.02
Dividend Yield
1.33%
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: --
Senior Vice President
Total Annual Compensation: C$126.1K
General Counsel and Corporate Secretary
Total Annual Compensation: C$180.0K
President of Corporate Development and Direct...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

silvercorp metals inc (SVM) Key Developments

Silvercorp Metals Inc. Declares Quarterly Dividend, Payable on or Before July 21, 2015; Reports and Production Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 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 July 21, 2015, to shareholders of record at the close of business on June 30, 2015. Silvercorp Metals Inc. reported consolidated earnings and production results for the fourth quarter and year ended March 31, 2015. For the quarter, the company reported net loss attributable to equity holders of the company of $118.5 million or $0.69 per basic and diluted share on sales of $20.3 million compared to $4.5 million or $0.03 per basic and diluted share on sales of $16.1 million in the quarter ended March 31, 2014.  Excluding the non-cash impairment charges, adjusted net loss attributable to the equity holders in the quarter was $0.2 million or $0.00 per share compared to adjusted net income of $1.1 million, or $0.01 per share. The loss incurred in the current quarter was mainly due to: (i) a 16% decrease in the realized price for silver, from $16.13 in fourth quarter of fiscal 2014 to $13.48 in fourth quarter of fiscal 2015 in the Ying Mining District, (ii) higher mining and milling costs in the fourth  quarter resulting from the allocation of fixed costs, to a reduced tonnage of ore mined and milled in the fourth quarter, (iii) reduced tonnage of ore mined due to the Chinese New Year which results in mine operations of only two months in the quarter; (iv) reduced tonnage at the SGX mine as a result of work interruptions related to the non-renewal of a contract with a one of eight mining contractors, and,  (iv) a $0.7 million write down of inventories at the GC mine. The company reported cash flow from operating activities of $4.8 million or $0.03 per share, compared to $3.1 million, or $0.02 per share, capital expenditures of $11.2 million compared to $14.3 million, loss from operations of $127.1 million compared to $3.3 million and loss before income taxes of $127.3 million compared to $3.1 million for the last year. For the year, net loss attributable to equity holders of the company of $103.1 million, or $0.60 per basic and diluted share on sales of $128.5 million compared to $41.0 million, or $0.24 per basic and diluted share on sales of $108.4 million in Fiscal 2014.  Excluding the non-cash impairment charges, adjusted net income attributable to shareholders was $15.2 million, or $0.09 per share, compared to $7.6 million, or $0.04 per share, in Fiscal 2014.  In the current fiscal year, the company's financial results were mainly impacted by the following: (i) increase in silver, lead, and zinc production of 33%, 39%, and 89%, respectively, compared to the prior fiscal year, (ii) increased metal sales of $20.1 million, or 19%, compared to the prior fiscal year, of which $16.1 million was added from the new commercial production at the GC mine, (iii) a 16% decrease in general and administrative spending compared to the prior year, (iv) lower metal prices, as the realized selling price for silver and lead at the Ying Mining District dropped by 11% and 4%, respectively, and (v) lower gold production and sales, as the BYP mine was placed on care and maintenance in the current year. The company reported cash flow from operating activities of $54.1 million or $0.32 per share, compared to $36.1 million, or $0.21 per share, capital expenditures of $37.2 million compared to $56.8 million, loss from operations of $96.1 million compared to $51.5 million and loss before income taxes of $95.8 million compared to $48.5 million for the last year. For the quarter, the company announced ore mined of 158,438 tonnes compared to 110,848 tonnes for the last year. For the year, the company announced ore mined of 910,201 tonnes compared to 713,476 tonnes for the last year.

Silvercorp Metals Inc. to Report Fiscal Year 2015 Results on May 21, 2015

Silvercorp Metals Inc. announced that they will report fiscal year 2015 results After-Market on May 21, 2015

Silvercorp Metals Inc.(TSX:SVM) dropped from S&P/TSX Global Mining Index

Silvercorp Metals Inc.(TSX:SVM) dropped from S&P/TSX Global Mining Index

 

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SVM:CN C$1.50 CAD -0.01

SVM Competitors

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Company Last Change
Aurcana Corp C$0.28 CAD +0.025
Endeavour Silver Corp C$2.64 CAD -0.01
Excellon Resources Inc C$0.50 CAD -0.01
Great Panther Silver Ltd C$0.70 CAD 0.00
Scorpio Mining Corp C$0.25 CAD -0.005
View Industry Companies
 

Industry Analysis

SVM

Industry Average

Valuation SVM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.6x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.7x
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