Silvercorp Metals Q4 Revenues and Profit Drop

Silvercorp Metals'  (NYSE: SVM  ) results for the company's Q4 and fiscal 2013 have been released. For the quarter, sales came in at just over $33 million, a slide from the $44 million of the same period the previous year. Attributable net profit fell to $6.4 million ($0.04 per diluted share) from Q4 2012's result of $9.7 million ($0.06).

In terms of operations, in this most recent quarter, Silvercorp produced roughly 940,000 ounces of silver, 2,333 ounces of gold, 9.8 million pounds of lead, and 1.9 million pounds of zinc. In Q4 2012, those figures were 1.1 million, 1,987, 14.7 million, and 2.9 million, respectively.

For the full year, top line was $182 million, compared to the 2012 number of $238 million. Attributable net profit was $27 million ($0.16 per diluted share) for the year, which fell well short of 2012's $74 million ($0.43).

Operationally speaking, in fiscal 2013 Silvercorp produced nearly 5 million ounces of silver, 12,457 ounces of gold, 53.9 million pounds of lead and 12.4 million pounds of zinc. Those numbers for the previous year were 5.6 million, 8,771, 72.8 million, and 13.7 million, respectively.


Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 27, 2013, at 3:39 PM, jaybird43 wrote:

    Pretty short article and not much commentary. I know this company is not named the Warren Buffett/Apple mine, but some story might be nice. Some people do have "other stocks"

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2451106, ~/Articles/ArticleHandler.aspx, 9/16/2014 1:36:03 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!


Advertisement