Silvercorp Metals Inc. T.SVM

Alternate Symbol(s): SVM

Metals & Mining Industrial Metals & Minerals

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) equity investments in potential world class opportunities; 4) ongoing merger and acquisition efforts to unlock value; and 5) long term commitment to responsible mining and ESG.

TSX:SVM - Post by User

Silvercorp Metals Inc.

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Post by oooshinyon Feb 18, 2009 11:19pm

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Post# 15788500

Negative $10.99 per ounce now...

I was just reading through theFact Sheet dated Feb 16 on SVM's website, and I came across this tidbit.

In FY 2008 Silvercorp produced 4 million ounces of silver at a cash cost per ounce of negative $10.99 – making it the largest producer of silver in China and the lowest cost producer among its global peers.

I knew SVM was the lowest-cost producer, but I didn't realize they'd made it to 10+ per ounce.

Sorry if it's already been posted in here, but I didn't see it go by...

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