Silvercorp Earns US$192.1 Million In Revenue, US$46.4 Million Net Income For FY2021

Silvercorp Metals Inc. (TSX: SVM) announced Thursday the company’s financial and operational results for its fiscal year ending March 31, 2021. The results highlighted US$192.1 million in annual revenue, a 21% increase from 2020’s revenue of US$158.8 million.

The company also recorded US$46.4 million in net earnings for the year, a 35% climb from last year’s US$34.3 million. This year’s income translates to US$0.27 earnings per share.

For the year, the company was able to sell 6.3 million silver ounces, 4,700 gold ounces, 67.1 million lead ounces, and 27.9 million zinc ounces.

Silvercorp mined 964,925 tonnes of ore for fiscal 2021, up 9% from last year’s 885,833 tonnes. The company produced 6.3 million silver ounces, 3,500 gold ounces, 68.4 million lead ounces, and 28.0 million zinc ounces for the year.

The company ended the fiscal year with US$199.1 million in cash and cash equivalents, a 40% increase from last year’s US$142.5 million. Working capital at year-end is at US$184.0 million, compared to last year’s US$130.4 million.

You may see the full details of Silvercorp’s financial and operational results for fiscal 2021 and fiscal Q4 2021 here.

Silvercorp Metals Inc. last traded at $7.43 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Silver Stock Levels Show Limited Price Impact, Study Finds

Above-ground silver stocks show little correlation with price movements despite reaching 19.3 billion ounces in...

Sunday, February 23, 2025, 09:33:00 AM

The Drill Core That Got Newmont & Eric Sprott Hooked | Metallic Minerals with Scott Petsel

In this interview at the Commodities Global Expo 2024, Scott Petsel, President of Metallic Minerals...

Friday, October 25, 2024, 01:05:00 PM

The $40 Billion Gold COMEX Delivery ‘Error’ That Wasn’t An Error | Peter Krauth

In this timely interview, Peter Krauth from SilverStockInvestor.com provides a comprehensive analysis of the current...

Thursday, April 24, 2025, 01:37:00 PM

Missouri, Oklahoma Propose Bills to Make Gold & Silver Legal Tender

In a move aimed at redefining the status of gold and silver as money rather...

Wednesday, December 27, 2023, 10:47:00 AM

Silvercorp Sees Positive Court Ruling On El Domo Project

Silvercorp Metals (TSX: SVM) has seen a positive ruling in the Ecuadorian courts related to...

Friday, November 15, 2024, 08:52:04 AM