NUPMF - SilverCorp Metals: Macro Factors Continue To Haunt The Share Price
SilverCorp Metals (SVM) recently reported healthy FY 2019 results. Despite being a silver miner, a large proportion of its revenues is based on base metal sales. Operationally, SVM has very attractive cost metrics and operational guidance for FY 2020 looks appealing. Plus, the company has an attractive valuation among peer silver miners. SVM's investment in a Bolivian project further enhances the long-term growth potential but we see that share prices are troubled these days. In my view, this is primarily due to depressed metal prices. Moreover, the prolonged US-China trade war has its