CA - Silvercorp Metals GAAP EPS of $0.07 beats by $0.04 revenue of $58.7M beats by $2.6M

• Silvercorp Metals press release ( NYSE: SVM ): FQ3 GAAP EPS of $0.07 beats by $0.04 .
• Revenue of $58.7M (-0.6% Y/Y) beats by $2.6M .
• Mined 296,050 tonnes of ore, milled 303,442 tonnes of ore, and produced approximately 1.9 million ounces of silver, 1,100 ounces of gold, 20.1 million pounds of lead, and 7.0 million pounds of zinc;
• 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, for revenue of $58.7 million;
• Cash costs per ounce of silver, net of by-product credits, of negative $1.15;
• All-in sustaining costs per ounce of silver, net of by-product credits, of $9.28;
• FISCAL 2024 PRODUCTION GUIDANCE
  • To mine and process 1,100,000 to 1,170,000 tonnes of ores, yielding approximately 4,400 to 5,500 ounces of gold, 6.8 to 7.2 million ounces of silver, 70.5 to 73.8 million pounds of lead, and 27.7 to 29.7 million pounds of zinc.
  • The guidance represents a production increase of approximately 3% to 8% in ores, 1% to 26% in gold, 3% to 8% in silver, 3% to 8% in lead, and 14% to 23% in zinc compared to the expected production results in Fiscal 2023.

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