Silvercorp Metals Q4 Revenues and Profit Drop


Silvercorp Metals' results for the company's Q4 and fiscal 2013 have been released. For the quarter, sales came in at just over $33 million, a slide from the $44 million of the same period the previous year. Attributable net profit fell to $6.4 million ($0.04 per diluted share) from Q4 2012's result of $9.7 million ($0.06).

In terms of operations, in this most recent quarter, Silvercorp produced roughly 940,000 ounces of silver, 2,333 ounces of gold, 9.8 million pounds of lead, and 1.9 million pounds of zinc. In Q4 2012, those figures were 1.1 million, 1,987, 14.7 million, and 2.9 million, respectively.

For the full year, top line was $182 million, compared to the 2012 number of $238 million. Attributable net profit was $27 million ($0.16 per diluted share) for the year, which fell well short of 2012's $74 million ($0.43).

Operationally speaking, in fiscal 2013 Silvercorp produced nearly 5 million ounces of silver, 12,457 ounces of gold, 53.9 million pounds of lead and 12.4 million pounds of zinc. Those numbers for the previous year were 5.6 million, 8,771, 72.8 million, and 13.7 million, respectively.

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