NYSEAM:SVLC - Post by User
Comment by
strannickon Feb 09, 2012 10:08am
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Post# 19508657
Q3 Awesome Numbers
Q3 Awesome NumbersInsanely cheap Price Earnings, still at this price...
Silvercorp Metals Inc. (TSX: SVM.TO)(NYSE: SVM.TO) reports that its Q3 2012 sales were $61.9 million with an operating cash flow of $31.6 million for the company’s fiscal year ending Dec. 31. The company says that revenues for the year increased by 55% increase in Q3 2012 and totaled $193.7 million in contrast to $124.9 for the previous year. The increase was achieved as a result of higher commodity prices as well as a higher quantity of precious metals sold. Shareholders also saw a 15% increase in per share price, shareholders received $64.1 million or
.37 per share over net income $55.6 million or
.34 per share recorded in the previous year. Other highlights included a 2% increase in silver production to 1.55 million ounces; gold production saw a 256% increase to 2,879 ounces, silver and gold accounted for 69% of the total sales during the quarter.