Silvercorp Reports Operational Results And Financial Results Release Date For Q3 Fiscal 2024, Gold Production Of 1,342 Ounces, An Increase Of 22% YoY
Portfolio Pulse from Benzinga Newsdesk
Silvercorp Metals Inc. (NYSE:SVM) reported increased gold production of 1,342 ounces, up 22% YoY, and higher zinc production for Q3 Fiscal 2024. However, silver and lead production decreased due to lower head grades and stockpiling of ores. The company will release its unaudited financial results on February 8, 2024.
January 15, 2024 | 11:42 pm
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Silvercorp Metals Inc. reported a 22% increase in gold production and a 6% increase in zinc production for Q3 Fiscal 2024, but a decrease in silver and lead production.
The mixed production results with increases in gold and zinc may be viewed positively, but the decrease in silver and lead production could offset investor sentiment. The upcoming financial results will provide more clarity and could influence the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100