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Silvercorp Metals shared its Q2 earnings, showing $83 million in sales, a 23% jump from last year.

ResultsRead the original at Benzinga
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Silvercorp’s sales, cash from operations, and adjusted profit rose, supporting a stronger business picture. A reported loss, higher silver costs, and temporary mine closures temper the gains, but stronger sales and cash generation lead.

SVM · Silvercorp Metals

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More gold sold and better silver and gold sale prices lifted sales. Adjusted profit also rose, despite the reported loss caused by a large accounting charge. Ying’s temporary shutdowns and rising silver costs are real setbacks, but operations have resumed and management expects production to recover in Q3.

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