Silvercorp Metals Inc. (SVM) - NYSE
  • Aug. 13, 2015, 6:57 PM
    • Silvercorp Metals (NYSE:SVM) -3.6% AH after reporting weaker than expected FQ1 earnings and suspending its dividend payment.
    • SVM says FQ1 silver sales totaled 1.4M oz., up 22% Y/Y, lead sales were 14.9M lbs., up 29% Y/Y, and zinc sales came in at 4.6M lbs., up 276% Y/Y; says average gross profit margin was 36% vs. 51% in the year-ago quarter, blaming the inclusion of the 9% gross profit margin from the GC mine for much of the margin decline.
    • SVM cites the lower commodity price environment and its desire to preserve capital for the dividend suspension.
    | Aug. 13, 2015, 6:57 PM | 51 Comments
  • Dec. 30, 2014, 4:18 PM
    • With the dollar falling against the yen and pound and a minor flight to safety afoot - Treasurys are higher, stocks have closed moderately lower - COMEX gold is up 1.4% today to $1,197/oz., and COMEX silver is up 2.6% to $16.20/oz. The gains have provided a lift to the volatile/beaten-down shares of gold and silver miners.
    • Notable gold gainers: IAG +11.7%. ABX +3.6%. AUY +5.2%. NEM +3.6%. GG +4.6%. AU +4.2%. SBGL +4.9%. KGC +4.1%. AGI +5%. AEM +5.1%.
    • Notable silver gainers: AG +7.6%. SVM +7.1%. SSRI +6.2%. SVM +6.4%. PAAS +3.9%. SVLC +5.2%. EXK +6.9%.
    • ETFs with 3%+ gains: NUGT +10.1%. GDXJ +5.1%. USLV +9.7%. UBG +5.4%. USV +3.8%. SIVR +3.4%. AGQ +6.3%. BAR +3.2%. DBS +3.2%.
    • The group rallied on Friday after the PBOC relaxed lending rules for banks, but sold off on Monday.
    | Dec. 30, 2014, 4:18 PM | 16 Comments
  • Dec. 26, 2014, 3:34 PM
    | Dec. 26, 2014, 3:34 PM | 28 Comments
  • Dec. 22, 2014, 9:17 AM
    | Dec. 22, 2014, 9:17 AM | 7 Comments
  • Nov. 14, 2014, 12:46 PM
    | Nov. 14, 2014, 12:46 PM
  • Nov. 14, 2014, 9:13 AM
    | Nov. 14, 2014, 9:13 AM | 1 Comment
  • Jul. 3, 2014, 3:07 PM
     
    • Top gainers, as of 2:45 p.m.: VRS +5.5%. PXLW +4.1%. SGEN +2.6%. ACHN +2.5%. JDST +2.3%.
    • Top losers, as of 2:45 p.m.: USU -9.1%. NBR -3.8%. SVM -3.3%. NG -3.0%. MUX -2.8%.
    | Jul. 3, 2014, 3:07 PM
  • Apr. 24, 2014, 5:41 PM
    • Top gainers, as of 5:15 p.m.: MKTO +11.3%. CUDA +10.2%. SVM +9.9%. SYNA +9.4%. CLH +8.4%.
    • Top losers, as of 5:15 p.m.: CAMP -12.5%. EOPN -10.8%. AFOP -7.4%. KLAC -5.5%. EW -5.3%.
    | Apr. 24, 2014, 5:41 PM
  • Feb. 14, 2014, 11:17 AM
    • Silvercorp (SVM -11.9%) shares plunge after the miner reported FQ3 earnings fell to $0.01/share from $0.03 and sales slumped to $24M from $59M, both figures below analyst estimates, and slashed its dividend by 80%.
    • SVM says results were hurt by lower metal production as silver, lead and zinc production fell 42%, 45%, and 58% Q/Q  respectively, and a significantly lower net realized silver price of $16.20/oz., down 35% Q/Q.
    • Gross margin was 44% vs. 64% in FQ2; cash flow from operations was $9.9M vs. $27.8M in the previous quarter.
    | Feb. 14, 2014, 11:17 AM | 12 Comments
  • Feb. 14, 2014, 9:13 AM
    | Feb. 14, 2014, 9:13 AM | 3 Comments
  • May 22, 2013, 5:15 PM
    Silvercorp Metals (SVM): FQ4 EPS of $0.04 in-line. Revenue of $33.15M misses by $19.06M. Shares -2.6% AH. (PR)
    | May 22, 2013, 5:15 PM | 1 Comment
  • Apr. 15, 2013, 9:15 AM
    Premarket gainers: S +16%. SVA +13%. BCRX +10%. LIFE +8%. NFP +7%. MGT +7%. TMO +6%. THRX +5%. NVAX +5%.
    Losers: AAU -15%. MTL -10%. AUQ -11%. HMY -9%. NGD -8%. CEF -8%. SLW -8%. SAND -9%. KGC -7%. AUY -7%. GOLD -7%. MUX -7%. DSCO -7%. IAG -6%. SVM -6%. GG -6%. PAAS -6%. EGO -6%. AU -5%. CDE -5%.
    | Apr. 15, 2013, 9:15 AM
  • Apr. 2, 2013, 2:42 PM

    The SEC reportedly is investigating Silvercorp Metals (SVM -9.2%) and has issued a subpoena requesting all documentation relating to the miner’s long-running battle with short sellers. SVM has denied any wrongdoing, but the subpoena, issued March 15, is the first indication U.S. securities regulators are actively investigating the Canadian company.

    | Apr. 2, 2013, 2:42 PM | 3 Comments
  • Dec. 17, 2012, 3:59 PM

    Silvercorp Metals (SVM -6.3%) says power to the area in China's Ying Mining District, where three mines are located, will be temporarily suspended due to work by the local power authority. SVM expects the power suspension will result in a reduction of ~5,000 metric tons of ore production; the main SGX mine will not be affected as its power is supplied through a different line.

    | Dec. 17, 2012, 3:59 PM
  • Nov. 13, 2012, 3:35 PM

    Silvercorp Metals (SVM -3.5%) slips following a negative article by short seller Alfred Little focusing last week's resignation of exec Lorne Waldman. Little suspects Waldman resigned "because he is an honest, well-intentioned individual who could no longer tolerate Rui Feng’s completely unjustifiable quest for revenge... [he] wisely abandoned a sinking ship."

    | Nov. 13, 2012, 3:35 PM | 3 Comments
  • Sep. 6, 2012, 8:45 AM

    Silvercorp Metals (SVM) +2.7% premarket after reporting an intercept of 3.88 meters grading 609 grams/tonne silver at the GC Project in Guangdong Province, China; 22 of the 28 holes for which assay results were received intercepted higher-grade silver-lead-zinc mineralization.

    | Sep. 6, 2012, 8:45 AM
Company Description
Silvercorp Metals Inc is engaged in the acquisition, exploration, development, and mining of precious and base metal silver mineral properties. The Company's producing mines and other current exploration and development projects are in China.
Industry: Silver
Country: Canada