Silvercorp Metals Inc. (SVM.US) Q3 total revenue increased by 43%, with net profit soaring by 149%.
13/02/2025
GMT Eight
Silvercorp Metals Inc. (SVM.US) announced its financial and operational performance data report for the three months ending December 31, 2024 (the third quarter of the 2025 fiscal year). The data shows that Silvercorp Metals Inc.'s total revenue for the third quarter of the 2025 fiscal year reached $83.6 million, a 43% year-on-year increase. The operating profit for the third quarter increased by approximately 25%, reaching $29.23 million.
In terms of net profit, under IFRS standards, Silvercorp Metals Inc.'s net profit attributable to shareholders for the third quarter was approximately $26.13 million, a significant increase of 149% year-on-year, equivalent to a basic earnings per share of $0.12, compared to $0.06 in the same period last year. Under Non-IFRS standards, Silvercorp Metals Inc.'s adjusted net profit for the third quarter was approximately $21.96 million, an increase of 92% year-on-year, with an adjusted earnings per share of $0.10, compared to $0.06 in the same period last year. In terms of cash flow, the net cash flow generated from operating activities for the third quarter was approximately $44.85 million, a 90% increase year-on-year.
Public information shows that Silvercorp Metals Inc. mainly acquires, explores, develops, and produces non-ferrous metals and precious metal mines such as silver, gold, lead, and zinc. The recent strong trend in precious metal prices such as gold and silver has pushed Silvercorp Metals Inc.'s stock price up by over 7% since the beginning of the year.
With Trump imposing various trade tariffs and threatening to impose more, global economic uncertainty continues to rise. Investors are turning to gold as a safe haven asset, and the market still expects the trend of loose monetary policy from the Federal Reserve to continue. Trump's latest tariff threats have sparked a new round of global gold rush, pushing gold, as a major safe haven asset, to new heights and bringing the milestone price of $3,000 into people's view.
Regarding the future price of gold, many Wall Street financial giants like Citigroup, Goldman Sachs Group, Inc., UBS Group AG, and Bank of America have reached a consensus on the future price trend that gold is expected to rise to $3,000 per ounce this year. Currently, gold futures prices are hovering around $2,900, with prices recently breaking through $2,960 to set a new all-time high. Morgan Stanley's forecast is more aggressive, predicting that gold prices will reach $3,100 per ounce this year.