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Silvercorp Metals Reports Strong Financial Performance for Q4 2024

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Silvercorp Metals Reports Strong Financial Performance for Q4 2024

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Silvercorp Metals ( (TSE:SVM) ) has provided an update.

Silvercorp Metals Inc. reported its financial results for the three and nine months ended December 31, 2024. The company achieved a revenue increase to $83.6 million for the quarter, up from $58.5 million in the same period the previous year, and a net income of $31.2 million, marking a significant improvement from $14.1 million in 2023. This financial performance reflects strong operational outcomes and positions Silvercorp favorably within the mining industry.

More about Silvercorp Metals

Silvercorp Metals Inc. is a mining company based in Vancouver, Canada, primarily engaged in the production of silver, lead, and zinc. The company focuses its operations in China, where it operates several mines.

YTD Price Performance: 10.16%

Average Trading Volume: 4,221,517

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $756.7M

Find detailed analytics on SVM stock on TipRanks’ Stock Analysis page.

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