SVM - SilverCorp: Rising Metal Prices Expansion Opportunities And Strong Balance Sheet

SilverCorp Metals (SVM) is China-based precious metals (silver and gold) and base metals (lead and zinc) producer whose revenues are almost equally divided between precious metals and base metals. Its Q1 2020 report highlighted certain pitfalls that impacted bottom-line earnings. As we move into Q2 2020, we already are seeing improvement in one of the more important catalysts, i.e. metal prices. This implies that Q2 would be stronger quarter-over-quarter. To retain its upward trajectory, SVM would need continuous support from metal prices going forward. The company delivers low-cost mining operations but is expanding