Silvercorp Metals is a mining company primarily engaged in the exploration, development, and production of silver and other precious metals. With a focus on sustainable mining practices, the company operates silver mines in China and is recognized for its efficient extraction techniques and commitment to environmental responsibility. Silvercorp seeks to expand its operations through strategic acquisitions and exploration initiatives, aiming to enhance its resource base and deliver value to shareholders while contributing positively to the communities in which it operates. Read More
I’m referring, of course, to the 90-day pause on new reciprocal tariffs that was suddenly announced by U.S. President Donald Trump on April 9. The tariffs that had been announced a week earlier, aimed at some 180 countries and territories around the globe as part of his administration’s desire to address the fentanyl crisis or balance trade deficits or finance tax cuts or bolster the domestic economy or punish remote, penguin-inhabited islands for ripping off America. Or something like that.
Silvercorp Metals (TSX: SVM) (NYSE American: SVM) announced its Board of Directors has declared a semi-annual dividend of US$0.0125 per share, payable on or before June 26 to shareholders of record as of June 6. The dividend is designated as an eligible dividend for Canadian tax purposes. The company noted that future dividends will be determined at the Board’s discretion based on market conditions, financial performance, and other relevant factors.
Silvercorp Metals (TSX: SVM) (NYSE American: SVM) reported $58.2 million in net income for the fiscal year ended March 31, 2025, up 60% from the prior year, on revenue of $298.9 million, a 39% increase. Fiscal 2025 production included 7.5K oz of gold, 6.9M oz of silver, 62.2M lb of lead and 23.3M lb of zinc. The company also posted adjusted earnings of $75.1 million or $0.37 per share, with cash flow from operations reaching $138.6 million. In Q4, Silvercorp reported a net loss of $7.6 million due to a $20.6 million non-cash derivative charge, but adjusted quarterly net income came in at $14.7 million. The company ended the quarter with $369.1 million in cash and short-term investments, supported by strong output at its Ying and GC mines and continued development of the El Domo project.
Metals and mining stocks beat the broader markets to surge last week, as rising gold prices turned retail investors optimistic about the industry’s prospects.
The global mining sector is experiencing significant momentum, propelled by soaring prices of gold, silver, copper, and battery metals . Gold has surpassed the historic $3,000 mark, invigorating investor interest in mining companies with robust exploration and production initiatives. Notably, Silvercorp Metals Inc. (NYSE: SVM) (TSX: SVM) , U.S. Gold Corp. (NASDAQ: USAU) , Power Metallic Inc. (TSXV: PNPN) (OTCQB: PNPNF) , and Hecla Mining Co. (NYSE: HL) are capitalizing on this bullish commodities market, reflected in their recent stock performances.
As more industries seek to go green and adopt technologies reliant on silver, the metal’s price could experience upward momentum, making silver stocks an attractive investment vehicle.
Companies Reporting Before The Bell • Ares Management (NYSE:ARES) is expected to report quarterly earnings at $1.09 per share on revenue of $864.54 million.
Toronto, Ontario--(Newsfile Corp. - February 3, 2025) - Against a backdrop of unprecedented de-dollarization and surging geopolitical tensions, CEO.CA, the...
Silver has long been regarded as a valuable commodity for investors seeking to diversify their portfolios, particularly during times of economic uncertainty.
Silver's surge defies expectations, with prices up 17% year-to-date, reaching $28.09 per ounce, fueled by geopolitical tensions in Europe and the Middle East.
Companies Reporting Before The Bell • Indivior (NASDAQ:INDV) is expected to report quarterly earnings at $0.30 per share on revenue of $265.00 million.
