Cara Community GSM: Silvercorp Metals

Silvercorp Metals Inc. (NYSE: SVM) (TSX: SVM) reviewed 11-13-2020

Market Cap: 1.33 Billion (USD)   Share Price: 7.60 (USD)

Shares outstanding: 174,688,227

Cash & Cash equivalents: $200 Million as of 30 Sept 2020

Debt:     Nil

Current operations:  Yes. China

Insiders: 4%                        Institutional: 152 institutions hold approx. 36% of the float


CEO: Rui Feng                    HQs: Vancouver, BC, Canada

Silvercorp Metals Inc. engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals

Q2 2021 results:

  • Reported GAAP earnings of $0.09 on revenue of $56.37 Million
  • Revenue increased by 13% compared to the prior-year quarter
  • Cash flow from operations was $26.9 Million, also up 13%
  • AISC (silver oz.) net of by-products was $6.99
  • Sales of 1.7 Million oz of silver and 2200 oz. of gold
  • Sales of 18.6 Million lbs of lead and 7.4 Million lbs of zinc

Bottom line:

  • Financially solid and well-managed with a very high EBITDA margin, and Return on Equity as well as low AISC for Silver
  • My portfolio position has a 5.20% weighting in Silvercorp. I also hold a 6.40% weighting in New Pacific. Silvercorp owns a 29% interest in New Pacific Metals (Bolivia)

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