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Market Fisher is a trader who shares unbiased investing ideas and strategies to the individual investor. Always searching for the big catch.
  • Silvercorp Metals (SVM) 1 comment
    Aug 14, 2009 12:37 AM | about stocks: SVM, SLV, GLD


    August 13, 2009
    Silvercorp Metals, focused in China with a market cap of 618.878 million, an average volume of 671,400 and a dividend of $0.02 


    - Reported Q1 earnings (ended June 30, 2009)  after the market closed today of $0.05 per share, $0.03 better than the consensus of $00.2; revenues fell 26.9% year/year to $22.6 mln vs the $15.7 mln consensus.

    - Net earnings of $7.5 million or $0.05 per share, compared to $1.2 million or $0.01 per share last quarter and $11.6 million or $0.08 per share in the same quarter last year;

    - Produced a record 1.2 million ounces of silver and 16.0 million pounds of lead, representing 6% and 11% increases, compared to 1.1 million ounces of silver and 14.4 million pounds of lead produced, respectively, in the same quarter last year;

    - The total production cost was negative $4.29 per ounce of silver and the cash cost was negative $5.09 per ounce of silver, making Silvercorp an industry leading low-cost producer;

    - Generated $10.4 million cash from operating activities or $0.06 per share;

    - Total cash, cash equivalents and short term investments increased by $10.3 million to $75.7 million;

    - Silver head grade at the Ying Mine was 488 g/t, up 23% compared to the same quarter last year; and

    -Silvercorp's management will hold a conference call on Friday, August 14, 2009, at 7:00 a.m. PT/10:00 a.m. ET to discuss the first quarter results with analysts. Shareholders, media and interested investors are invited to listen to the live conference call over the internet by going to silvercorp.ca

    Disclosure: long, SVM

    Stocks: SVM, SLV, GLD
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  • seawolf
    , contributor
    Comment (1) | Send Message
     
    Bought 35K shares @ 1.45 in late 2005. SVM went to over $24, split 3 for 1.

     

    SVM again on the move. Highly recommend taking a close look at their most recent corp pitch. This well run company could be a money machine.

     

    Best to all - Seawolf
    10 Jan 2010, 09:08 PM Reply Like
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