Silvercorp Metals Inc. (SVM.TO,SVM) reported third-quarter net income attributable to equity holders of the Company of $5.2 million or $0.03 per share, compared to $20 million or $0.12 per share in the year-ago quarter.
Excluding a $9.6 million non-cash accounting charge to write down the Company's investment in an associate company to reflect its current share price, adjusted earnings were $14.9 million, or $0.09 per share for the latest quarter.
On average, 3 analysts polled by Thomson Reuters expected the company to earn $0.08 per share for the quarter.
Quarterly sales declined to $58.7 million from $61.9 million, primarily due to lower base metal production, which was partially offset by additional gold revenues from the BYP mine.
Looking ahead to 2014, the company expects to increase ore production to 1.5 million tonnes, and will produce 6.7 million ounces of silver, 20,800 ounces of gold, 104.7 million pounds of lead and zinc, 300,000 pounds of tin and 20.5 million pounds of sulphur. The total capital expenditures for Fiscal 2014 are estimated at $86.9 million.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.