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SVM / Silvercorp Metals ends 3Q with strong balance sheet as it progresses its Kuanping silver-lead-zinc-gold project

Silvercorp Metals ends 3Q with strong balance sheet as it progresses its Kuanping silver-lead-zinc-gold project
Silvercorp Metals Inc (TSX:SVM, AMEX:SVM) told investors it achieved revenue of $58.5 million in its fiscal third quarter as it sold approximately 1.9 million ounces of silver, 1,100 ounces of gold, 19.3 million pounds of lead, and 7.1 million pounds of zinc. Reporting results for the three months ended December 31, 2022, the China-focused metals miner said it ended the period with a strong balance sheet with $210.3 million in cash, cash equivalents and short-term investments, up 5%, after generating cash flow from operating activities of $25.7 million over the quarter. Read More
Posted: Feb 10 2023, 06:52
Author Name: Proactive Investors
Views: 110135

SVM News  

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