Revenue and Cash Flow Growth
Silvercorp reported revenues of $81.3 million, up 13% from last year, and a record cash flow from operating activities at $48.3 million, up 21% from last year.
Increase in Precious Metals Production
The company experienced a 5% increase in silver production and a 95% increase in gold sold, with a 12% and 45% rise in the selling prices of silver and gold, respectively.
Strong Cash Position
Silvercorp ended the quarter with a strong cash position of $377.1 million, up $8 million from March.
Advancement in Growth Projects
Significant investment in the El Domo construction with $370,000 cubic meters of materials moved and progress in underground access and materials handling at Ying.