Silvercorp Metals Inc. (TSX:SVM, NYSEMKT:SVM) is one of the world’s lowest-cost, highest-margin primary silver producers. The Canadian mining company holds a portfolio of producing silver-lead-zinc mines inChina, including the multi-mine Ying District in Henan Province and its newest mine the GC Mine in Guangdong Province. In a recent feature in Northernminer the article highlights that Silvercorp is coming off a stellar 18 months wherein it generated significant shareholder value. The company has leveraged a strategic land position in China’s Yinghigh-grade silver-lead-zinc district, alongside an innovative approach to underground, narrow-vein mining, to emerge as one of the highest-margin miners in the silver space.
As quoted in the article:
Silvercorp reported net income of US$44 million attributable to equity shareholders over the past fiscal year, and boosted its cash and equivalents by nearly US$35 million to US$97 million from the prior year.
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