Silvercorp Metals Reports Q3 Non-GAAP EPS Miss Amid Declining Year-over-Year Revenue
Silvercorp Metals (SVM) reported third-quarter non-GAAP earnings per share of $0.07, missing analyst expectations by $0.01. While revenue reached $72.1 million, this represents a 13.8% decrease compared to the same period last year, though the top-line figure was in line with market estimates. During the quarter, the company produced approximately 0.9 million ounces of silver and 1,371 ounces of gold, totaling roughly 1.0 million silver equivalent ounces. Despite meeting revenue targets, the earnings miss highlights ongoing pressure on profitability for the mining firm.
Tickers: $SVM
Topics: earnings miss gold production revenue report silver production