SILVERCORP REPORTS ADJUSTED NET INCOME OF $22.0 MILLION, $0.10 PER SHARE, AND CASH FLOW FROM OPERATIONS OF $44.8 MILLION FOR Q3 FISCAL 2025
Silvercorp Metals (SVM) reported strong Q3 Fiscal 2025 financial results with adjusted net income of $22.0 million ($0.10 per share) and operating cash flow of $44.8 million. Revenue increased 43% to $83.6 million, driven by higher metal prices and increased production.
The company produced approximately 2,056 ounces of gold, 1.9 million ounces of silver, 17.1 million pounds of lead, and 6.7 million pounds of zinc. Cash cost per silver ounce was negative $1.88, while all-in sustaining cost was $12.75 per ounce.
The company ended the quarter with a strong financial position, holding $354.6 million in cash and investments, up 92% from March 2024. Notable operational achievements include completion of Phase 1 TSF and mill expansion at Ying Mining District, and progress on the El Domo Project construction.
Silvercorp Metals (SVM) ha riportato risultati finanziari solidi per il terzo trimestre dell'esercizio fiscale 2025, con un reddito netto rettificato di 22,0 milioni di dollari (0,10 dollari per azione) e un flusso di cassa operativo di 44,8 milioni di dollari. I ricavi sono aumentati del 43% a 83,6 milioni di dollari, grazie all'aumento dei prezzi dei metalli e alla maggiore produzione.
La società ha prodotto circa 2.056 once d'oro, 1,9 milioni di once d'argento, 17,1 milioni di libbre di piombo e 6,7 milioni di libbre di zinco. Il costo in contante per oncia d'argento è stato negativo per 1,88 dollari, mentre il costo totale sostenibile era di 12,75 dollari per oncia.
Alla fine del trimestre, la società presentava una posizione finanziaria solida, con 354,6 milioni di dollari in contante e investimenti, in aumento del 92% rispetto a marzo 2024. Tra i risultati operativi degni di nota vi sono il completamento della Fase 1 del TSF e l'espansione del mill presso il Distretto Minerario di Ying, e i progressi nella costruzione del progetto El Domo.
Silvercorp Metals (SVM) informó resultados financieros sólidos para el tercer trimestre del año fiscal 2025, con un ingreso neto ajustado de 22,0 millones de dólares (0,10 dólares por acción) y un flujo de efectivo operativo de 44,8 millones de dólares. Los ingresos aumentaron un 43% a 83,6 millones de dólares, impulsados por los precios más altos de los metales y el aumento de la producción.
La compañía produjo aproximadamente 2,056 onzas de oro, 1.9 millones de onzas de plata, 17.1 millones de libras de plomo y 6.7 millones de libras de zinc. El costo en efectivo por onza de plata fue negativo de 1.88 dólares, mientras que el costo total de sostenimiento fue de 12.75 dólares por onza.
La compañía cerró el trimestre con una sólida posición financiera, manteniendo 354.6 millones de dólares en efectivo e inversiones, un aumento del 92% desde marzo de 2024. Logros operativos notables incluyen la finalización de la Fase 1 del TSF y la expansión del molino en el Distrito Minero de Ying, y avances en la construcción del proyecto El Domo.
실버코프 메탈스(SVM)가 2025 회계연도 3분기 동안 조정된 순이익 2,200만 달러(주당 0.10달러) 및 운영 현금 흐름 4,480만 달러라는 강력한 재무 결과를 보고했습니다. 수익은 금속 가격 상승과 생산 증가에 힘입어 43% 증가하여 8,360만 달러에 달했습니다.
회사는 약 2,056온스의 금, 190만 온스의 은, 1710만 파운드의 납, 그리고 670만 파운드의 아연을 생산했습니다. 은 1온스당 현금 비용은 -1.88달러였으며, 총 유지 비용은 12.75달러였습니다.
회사는 분기를 마감하며 3억 5,460만 달러의 현금 및 투자 자산을 보유하고 있어 2024년 3월 대비 92% 증가했습니다. 주목할 만한 운영 성과로는 잉 하청지구의 TSF 1단계 완료 및 밀 확장과 엘 도모 프로젝트 건설의 진행이 포함됩니다.
Silvercorp Metals (SVM) a annoncé d'excellents résultats financiers pour le troisième trimestre de l'exercice fiscal 2025, avec un revenu net ajusté de 22,0 millions de dollars (0,10 dollar par action) et un flux de trésorerie d'exploitation de 44,8 millions de dollars. Les revenus ont augmenté de 43 % pour atteindre 83,6 millions de dollars, grâce à des prix des métaux plus élevés et à une production accrue.
L'entreprise a produit environ 2 056 onces d'or, 1,9 million d'onces d'argent, 17,1 millions de livres de plomb et 6,7 millions de livres de zinc. Le coût en espèces par once d'argent était de -1,88 dollar, tandis que le coût total de maintien était de 12,75 dollars par once.
La société a terminé le trimestre en ayant une solide position financière, avec 354,6 millions de dollars en liquidités et investissements, soit une augmentation de 92 % par rapport à mars 2024. Parmi les réalisations opérationnelles notables figurent l'achèvement de la phase 1 du TSF et l'expansion de l'usine dans le district minier de Ying, ainsi que des avancées dans la construction du projet El Domo.
Silvercorp Metals (SVM) berichtete über starke Finanzzahlen für das dritte Quartal des Geschäftsjahres 2025 mit einem bereinigten Nettoergebnis von 22,0 Millionen USD (0,10 USD je Aktie) und einem operativen Cashflow von 44,8 Millionen USD. Der Umsatz stieg um 43 % auf 83,6 Millionen USD, was auf höhere Metallpreise und eine gesteigerte Produktion zurückzuführen ist.
Das Unternehmen produzierte etwa 2.056 Unzen Gold, 1,9 Millionen Unzen Silber, 17,1 Millionen Pfund Blei und 6,7 Millionen Pfund Zink. Die Bar-Kosten pro Unze Silber lagen bei -1,88 USD, während die All-in-Kosten bei 12,75 USD pro Unze lagen.
Das Unternehmen schloss das Quartal mit einer starken finanziellen Position ab und hielt 354,6 Millionen USD in Bargeld und Investitionen, ein Anstieg von 92 % seit März 2024. Zu den bemerkenswerten betrieblichen Erfolgen gehören der Abschluss der Phase 1 der TSF und der Ausbau der Mühle im Ying-Bergbaugebiet sowie Fortschritte beim Bau des El-Domo-Projekts.
- Revenue increased 43% YoY to $83.6 million
- Net income doubled to $26.1 million ($0.12/share)
- Operating cash flow up 90% to $44.8 million
- Cash position strengthened to $354.6 million, up 92% from March 2024
- Metal selling prices increased: gold +35%, silver +35%, zinc +49%
- Production increased: gold +53%, silver +16%, silver equivalent +18%
- Mining costs increased 7% to $63.82 per tonne
- All-in sustaining costs rose 10% to $150.30 per tonne
- Zinc production decreased 10% YoY
- Lower lead and zinc head grades achieved
Insights
Silvercorp's Q3 FY2025 results demonstrate remarkable financial and operational momentum, with several noteworthy developments that strengthen its market position. The 43% revenue growth to
The company's cost management strategy continues to excel, maintaining industry-leading negative cash costs of
Strategic capital allocation deserves particular attention. The company has built an impressive war chest of
The advancement of the El Domo Project, marked by the first major construction contract award, signals a transition from exploration to development. The completion of the Ying Mining District's Phase 1 TSF and mill expansion under budget demonstrates strong project execution capabilities, which bodes well for El Domo's development trajectory.
Trading Symbol: TSX/NYSE AMERICAN: SVM
HIGHLIGHTS FOR Q3 FISCAL 2025
- Mined 383,543 tonnes of ore, milled 361,810 tonnes of ore, and produced approximately 2,056 ounces of gold, 1.9 million ounces of silver, or approximately 2.1 million ounces of silver equivalent1, plus 17.1 million pounds of lead and 6.7 million pounds of zinc;
- Sold approximately 1,875 ounces of gold, 2.0 million ounces of silver, 17.1 million pounds of lead, and 6.6 million pounds of zinc, for revenue of
;$83.6 million - Net income attributable to equity shareholders of
, or$26.1 million per share;$0.12 - Excluding
gain on fair value of derivative liabilities, less$11.6 million one-time non-routine mineral right transfer royalty payment for renewing SGX mining license, and other minor items, the adjusted net income attributable to equity shareholders1 of$8.9 million , or$22.0 million per share;$0.10 - Generated cash flow from operating activities of
;$44.8 million - Cash cost per ounce of silver, net of by-product credits1, of negative
;$1.88 - All-in sustaining cost per ounce of silver, net of by-product credits1, of
;$12.75 - Spent and capitalized
on underground exploration and development, and$17.8 million on equipment and facilities for the No. 3 tailings storage facility and the new 1,500 tonne per day mill at the Ying Mining District;$7.5 million - Spent and capitalized
at the El Domo and Condor Projects;$2.1 million - Repaid
to Wheaton Precious Metals International Ltd. (Wheaton") to eliminate obligations to deliver 92.3 ounces of gold per month to Wheaton for the El Domo Project;$13.25 million - Spent
on dividends to the shareholders of the Company and on share buyback;$3.7 million - Existing cash of
plus$211.1 million net proceeds raised through an issuance of unsecured convertible senior notes nets the Company with$143.3 million in cash and cash equivalents and short-term investments; the Company also has a stream arrangement to access up to$354.6 million to fund the El Domo project construction, and holds a portfolio of equity investment in associates and other companies with a total market value of$175.0 million as at December 31, 2024; and,$68.9 million - Awarded the first construction contract of the El Domo Project using "Unit Cost" criteria.
________________________________ |
1 Non-IFRS measures, please refer to section 13 of the corresponding MD&A for the three and nine months ended December 31, 2024 for reconciliation. |
CONSOLIDATED FINANCIAL RESULTS
Three months ended December 31, | Nine months ended December 31, | ||||||
2024 | 2023 | Changes | 2024 | 2023 | Changes | ||
Financial Results | |||||||
Revenue (in thousands of $) | $ 83,614 | $ 58,508 | 43 % | 223,782 | 172,506 | 30 % | |
Mine operating earnings (in thousands of $) | 29,230 | 23,307 | 25 % | 97,405 | 67,551 | 44 % | |
Net income (loss) attributable to equity holders (in thousands of $) | 26,130 | 10,510 | 149 % | 65,775 | 30,777 | 114 % | |
Earnings (loss) per share - basic ($/share) | 0.12 | 0.06 | 102 % | 0.33 | 0.17 | 94 % | |
Adjusted earnings attributable to equity holders (in thousands of $) | 21,963 | 11,452 | 92 % | 60,342 | 35,498 | 70 % | |
Adjusted earnings per share - basic ($/share) | 0.10 | 0.06 | 56 % | 0.30 | 0.20 | 51 % | |
Net cash generated from operating activities (in thousands of $) | 44,847 | 23,607 | 90 % | 107,930 | 81,332 | 33 % | |
Capitalized expenditures (in thousands of $) | 25,255 | 19,635 | 29 % | 72,968 | 50,609 | 44 % | |
Production Data | |||||||
Ore Mined (tonnes) | 383,543 | 345,273 | 11 % | 1,088,830 | 921,958 | 18 % | |
Ore Milled (tonnes) | |||||||
Gold Ore | 21,912 | 12,726 | 72 % | 47,463 | 36,419 | 30 % | |
Silver Ore | 339,898 | 299,774 | 13 % | 919,248 | 832,283 | 10 % | |
361,810 | 312,500 | 16 % | 966,711 | 868,702 | 11 % | ||
Metal Production | |||||||
Gold (ounces) | 2,056 | 1,342 | 53 % | 4,385 | 5,352 | (18) % | |
Silver (in thousands of ounces) | 1,946 | 1,684 | 16 % | 5,318 | 5,054 | 5 % | |
Silver equivalent (in thousands of ounces) | 2,119 | 1,795 | 18 % | 5,672 | 5,520 | 3 % | |
Lead (in thousands of pounds) | 17,087 | 16,763 | 2 % | 45,908 | 50,644 | (9) % | |
Zinc (in thousands of pounds) | 6,668 | 7,404 | (10) % | 18,913 | 18,826 | — % | |
Cost Data | |||||||
Production cost ($/tonne) | 77.95 | 74.26 | 5 % | 80.15 | 77.57 | 3 % | |
All-in sustaining production cost ($/tonne) | 150.30 | 136.86 | 10 % | 145.71 | 139.79 | 4 % | |
Cash cost per ounce of silver, net of by-product credits ($) | (1.88) | (0.96) | (96) % | (1.46) | (0.74) | (97) % | |
All-in sustaining cost per ounce of silver, net of by-product credits ($) | 12.75 | 11.33 | 13 % | 11.46 | 10.72 | 7 % | |
Average Selling Price, Net of Value Added Tax and Smelter Charges | |||||||
Gold ($/ounce) | 2,322 | 1,718 | 35 % | 2,198 | 1,754 | 25 % | |
Silver ($/ounce) | 27.20 | 20.14 | 35 % | 26.70 | 19.74 | 35 % | |
Lead ($/pound) | 0.94 | 0.87 | 8 % | 0.98 | 0.86 | 14 % | |
Zinc ($/pound) | 1.22 | 0.82 | 49 % | 1.12 | 0.81 | 38 % | |
Financial Position as at | December 31, | September 30, | Changes | December 31, | March 31, | Changes | |
Cash and cash equivalents and short-term investments (in thousands of $) | $ 354,647 | $ 209,505 | 69 % | $ 354,647 | 184,891 | 92 % | |
Working capital (in thousands of $) | 300,211 | 162,312 | 85 % | 300,211 | 154,744 | 94 % |
Net income attributable to equity shareholders of the Company in Q3 Fiscal 2025 was
Compared to Q3 Fiscal 2024, the Company's consolidated financial results were mainly impacted by i) increases of
Excluding
Revenue in Q3 Fiscal 2025 was
Income from mine operations in Q3 Fiscal 2025 was
Cash flow provided by operating activities in Q3 Fiscal 2025 was
cash flow from operations before changes in non-cash operating working capital, up$34.8 million compared to$11.0 million in Q3 Fiscal 2024; and$23.7 million cash from changes in non-cash working capital, compared to$10.0 million provided in Q3 Fiscal 2024.$0.1 million
The Company ended the quarter with cash, cash equivalents and short term investments of
CONSOLIDATED OPERATIONAL RESULTS
In Q3 Fiscal 2025, on a consolidated basis, the Company mined 383,543 tonnes of ore, up
In Q3 Fiscal 2025, the Company produced approximately 2,056 ounces of gold, 1.9 million ounces of silver, or approximately 2.1 million ounces of silver equivalent, plus 17.1 million pounds of lead and 6.7 million pounds of zinc, representing increases of
In Q3 Fiscal 2025, the consolidated mining costs were
In Q3 Fiscal 2025, the consolidated cash costs per ounce of silver, net of by-product credits, were negative
EXPLORATION AND DEVELOPMENT
Capitalized expenditures | Plant and | Total Capital | Expensed | |||||||
Ramp, Development Tunneling, | Exploration Tunneling | Exploration Drilling | Mining | Drilling | ||||||
(Metres) | ($ Thousand) | (Metres) | ($ Thousand) | (Metres) | ($ Thousand) | ($ Thousand) | ($ Thousand) | (Metres) | (Metres) | |
Q3 Fiscal 2025 | ||||||||||
Ying Mining District | 9,742 | $ 6,570 | 18,947 | $ 6,954 | 15,979 | $ 536 | $ 7,007 | $ 21,067 | 15,755 | 39,568 |
GC Mine | 540 | 340 | 2,644 | 992 | 8,129 | 173 | 289 | 1,794 | 3,395 | 2,554 |
El Domo | — | 1,803 | — | — | — | — | — | 1,803 | — | — |
Condor | — | 273 | — | — | — | — | — | 273 | — | — |
Other | — | 120 | — | — | — | — | 198 | 318 | — | — |
Consolidated | 10,282 | 9,106 | 21,591 | 7,946 | 24,108 | 709 | 7,494 | 25,255 | 19,150 | 42,122 |
Q3 Fiscal 2024 | ||||||||||
Ying Mining District | 3,986 | $ 2,651 | 23,834 | $ 9,612 | 39,085 | $ 1,338 | $ 3,679 | $ 17,280 | 10,010 | 24,693 |
GC Mine | 81 | 108 | 3,747 | 1,688 | 10,912 | 250 | 218 | 2,264 | 2,145 | 12,327 |
Other | — | 82 | — | — | — | — | 9 | 91 | — | — |
Consolidated | 4,067 | 2,841 | 27,581 | 11,300 | 49,997 | 1,588 | 3,906 | 19,635 | 12,155 | 37,020 |
Total capital expenditures in Q3 Fiscal 2025 were
As announced in the Company's news release dated January 7, 2025, the Company has made substantial progress in advancing the construction of the El Domo Project, including awarding the first major commercial contract to CCRC 14 Bureau Group Co. Ltd. ("CCRC14"). Total expenditures incurred and capitalized at the El Domo Project were
At the Condor Project, the Company has been diligently working to reorganize the Condor operational structure, conduct a mineral resource review to assess future development plans, and initiate site control activities. Total capital expenditures incurred and capitalized at the Condor project were
In Q3 Fiscal 2025, on a consolidated basis, a total of 66,230 metres or
The Kuanping Project has received all required permits and licenses and is now ready for construction.
INDIVIDUAL MINE OPERATING PERFORMANCE
Ying Mining District | Q3 F2025 | Q2 F2025 | Q1 F2025 | Q4 F2024 | Q3 F2024 | Nine Months ended December 31 | ||
December 31, | September 30, | June 30, | March 31, | December 31, | 2024 | 2023 | ||
Ore Production (tonnes) | ||||||||
Ore mined | 297,246 | 272,046 | 256,079 | 147,122 | 245,606 | 825,371 | 679,990 | |
Ore milled | ||||||||
Gold ore | 21,912 | 17,075 | 8,476 | 21,843 | 12,726 | 47,463 | 36,419 | |
Silver ore | 255,783 | 193,423 | 212,766 | 158,424 | 201,475 | 661,972 | 599,459 | |
277,695 | 210,498 | 221,242 | 180,267 | 214,201 | 709,435 | 635,878 | ||
Head grades | ||||||||
Silver (grams/tonne) | 214 | 240 | 235 | 197 | 235 | 228 | 241 | |
Lead (%) | 2.7 | 2.8 | 3.1 | 3.1 | 3.5 | 2.9 | 3.5 | |
Zinc (%) | 0.5 | 0.6 | 0.7 | 0.6 | 0.7 | 0.6 | 0.7 | |
Recovery rates | ||||||||
Silver (%) | 94.7 | 94.9 | 95.0 | 94.4 | 94.9 | 94.8 | 95.0 | |
Lead (%) | 94.0 | 94.0 | 94.4 | 95.0 | 94.8 | 94.1 | 95.1 | |
Zinc (%) | 68.9 | 70.4 | 72.3 | 70.2 | 71.4 | 70.6 | 70.7 | |
Cash Costs | ||||||||
Cash production cost per tonne of ore processed ($) | 84.92 | 92.86 | 90.46 | 91.09 | 84.01 | 89.21 | 84.33 | |
All-in sustaining cost per tonne of ore processed ($) | 150.87 | 146.90 | 140.25 | 148.24 | 143.80 | 146.58 | 140.20 | |
Cash cost per ounce of Silver, net of by-product credits ($) | (0.30) | 0.62 | (0.68) | 1.71 | (0.09) | (0.14) | (0.38) | |
All-in sustaining cost per ounce of silver, net of by-product credits ($) | 11.05 | 9.05 | 7.14 | 12.28 | 8.99 | 9.16 | 8.04 | |
Metal Production | ||||||||
Gold ( ounces) | 2,056 | 1,183 | 1,146 | 1,916 | 1,342 | 4,385 | 5,352 | |
Silver (in thousands of ounces) | 1,778 | 1,518 | 1,572 | 1,063 | 1,511 | 4,868 | 4,614 | |
Lead (in thousands of pounds) | 15,234 | 11,970 | 14,080 | 11,317 | 14,552 | 41,284 | 44,952 | |
Zinc (in thousands of pounds) | 2,250 | 1,795 | 2,468 | 1,750 | 2,153 | 6,513 | 6,463 |
In Q3 Fiscal 2025, a total of 297,246 tonnes of ore were mined at the Ying Mining District, up
Average head grades of ore processed were 214 g/t for silver,
Metals produced at the Ying Mining District were approximately 2,056 ounces of gold, 1.8 million ounces of silver, or approximately 2.0 million ounces of silver equivalent, plus 15.2 million pounds of lead, and 2.3 million pounds of zinc, representing production increases of
GC Mine | Q3 F2025 | Q2 F2025 | Q1 F2025 | Q4 F2024 | Q3 F2024 | Nine Months ended December 31 | ||
December 31, | September 30, | June 30, | March 31, | December 31, | 2024 | 2023 | ||
Ore Production (tonnes) | ||||||||
Ore mined | 86,297 | 89,394 | 87,768 | 48,038 | 99,667 | 263,459 | 241,968 | |
Ore milled | 84,115 | 86,707 | 86,454 | 57,226 | 98,299 | 257,276 | 232,824 | |
Head grades | ||||||||
Silver (grams/tonne) | 77 | 61 | 64 | 57 | 68 | 67 | 72 | |
Lead (%) | 1.1 | 0.8 | 0.9 | 1.1 | 1.1 | 0.9 | 1.2 | |
Zinc (%) | 2.7 | 2.4 | 2.4 | 2.5 | 2.7 | 2.5 | 2.7 | |
Recovery rates | ||||||||
Silver (%) | 82.8 | 82.2 | 84.1 | 83.2 | 80.3 | 83.0 | 81.8 | |
Lead (%) | 90.3 | 87.9 | 90.2 | 89.8 | 90.9 | 89.6 | 90.7 | |
Zinc (%) | 90.3 | 90.2 | 90.4 | 89.3 | 90.1 | 90.3 | 90.2 | |
Cash Costs | ||||||||
Cash production cost per tonne of ore processed ($) | 53.69 | 50.08 | 50.49 | 63.12 | 50.38 | 51.40 | 58.50 | |
All-in sustaining cost per tonne of ore processed ($) | 75.55 | 74.53 | 83.42 | 78.32 | 76.84 | 77.85 | 86.93 | |
Cash cost per ounce of Silver, net of by-product credits ($) | (19.14) | (15.67) | (12.19) | (4.79) | (8.95) | (15.77) | (4.69) | |
All-in sustaining cost per ounce of silver, net of by-product credits ($) | (6.13) | 1.62 | 8.45 | 6.63 | 8.01 | 1.07 | 11.98 | |
Metal Production | ||||||||
Silver (in thousands of ounces) | 168 | 137 | 145 | 87 | 173 | 450 | 440 | |
Lead (in thousands of pounds) | 1,853 | 1,232 | 1,539 | 1,210 | 2,211 | 4,624 | 5,692 | |
Zinc (in thousands of pounds) | 4,418 | 4,016 | 3,966 | 2,809 | 5,251 | 12,400 | 12,363 |
In Q3 Fiscal 2025, a total of 86,297 tonnes of ore were mined at the GC Mine, down
In Q3 Fiscal 2025, approximately 14,300 tonnes of waste were removed through the XRT Ore Sorting System.
Average head grades of ore milled were 77 g/t for silver,
Metals produced at the GC Mine were approximately 168 thousand ounces of silver, 1.9 million pounds of lead, and 4.4 million pounds of zinc, representing decreases of
OPERATING OUTLOOK
Pending the detailed engineering design of the process plant of the El Domo Project, the Company expects to provide Fiscal 2026 production and capital expenditures along with the release of Fiscal 2025 production results in April 2025.
CONFERENCE CALL DETAILS
A conference call to discuss these results will be held on February 13, Thursday, at 9:00 am PDT (12:00 pm EDT). To participate in the conference call, please dial the numbers below.
International/Local Toll: 437-900-0527
Conference ID: 99469
Participants should dial-in 10 – 15 minutes prior to the start time. A replay of the conference call and transcript will be available on the Company's website at www.silvercorpmetals.com.
Mr. Guoliang Ma, P.Geo., Manager of Exploration and Resources of the Company, is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and given consent to the technical information contained in this news release.
About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.
For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com
ALTERNATIVE PERFORMANCE (NON-IFRS) MEASURES
This news release should be read in conjunction with the Company's Management Discussion & Analysis ("MD&A"), the unaudited condensed interim consolidated financial statements and related notes contains therein for the three and nine months ended December 31, 2024, which have been posted on SEDAR+ under the Company's profile at www.sedarplus.ca and on EDGAR at www.sec.gov, and are also available on the Company's website at www.silvercorpmetals.com under the Investor section. This news release refers to various alternative performance (non-IFRS) measures, such as adjusted earnings and adjusted earnings per share, cash cost and all-in sustaining cost per ounce of silver, net of by-product credits, production cost and all-in sustaining production cost per tonne of ore processed, silver equivalent, and working capital. These measures are widely used in the mining industry as a benchmark for performance, but do not have standardized meanings under IFRS as an indicator of performance and may differ from methods used by other companies with similar description. The detailed description and reconciliation of these alternative performance (non-IFRS) measures have been incorporated by reference and can be found on page 52, section 13 – Alternative Performance (Non-IFRS) Measures in the MD&A for the three and nine months ended December 31, 2024 filled on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov and which is incorporated by reference here in.
CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS
This news release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable securities laws relating to, among other things statements regarding the expectation to provide Fiscal 2026 Production and Capital Expenditures Guidance along with the release of Fiscal 2025 production results in April 2025, the processing of inventory stock piles; and construction of the Kuanping Project. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance.
We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors, including fluctuating commodity prices; recent market events and condition; estimation of mineral resources, mineral reserves and mineralization and metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; climate change; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into existing operations; permits and licences for mining and exploration in
A comprehensive discussion of other risks that impact Silvercorp can also be found in their public reports and filings which are available under its profile at www.sedarplus.ca.
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SOURCE Silvercorp Metals Inc.
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