Canada's Silvercorp Q2 revenue falls 13% on lower production

By Reuters News


Overview

  • Canada mining company's Q2 revenue fell 13% yr/yr due to lower production

  • Production declines linked to safety improvement works at Ying Mining District

  • GC Mine remains suspended pending regulatory approval, expected to have minimal impact


Outlook

  • GC Mine expected to resume production by November 2027, pending regulatory approvals

  • Company does not expect GC Mine suspension to materially impact overall operations or financial performance


Result Drivers

  • LOWER PRODUCTION - Co said Q2 output of silver, gold, lead and zinc fell 34-51% yr/yr due to safety improvement works at Ying Mining District

  • HIGHER METAL PRICES - Co said higher realized prices for silver (up 82% yr/yr) and gold (up 32% yr/yr) partially offset lower production


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$72.10 mln

$57.50 mln (1 Analyst)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

  • Wall Street's median 12-month price target for Silvercorp Metals Inc is C$21.00, about 52.4% above its October 19 closing price of C$13.78

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago


Reuters Recommended Reads

  • Oct 19 - Cleveland-Cliffs Q3 adj EPS beats on improved pricing, sales volumes


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.