Business
Silvercorp Metals Reports Operational Results and Financial Results Release Date for Fiscal 2024, and Issues Fiscal 2025 Production, Cash Costs, and Capital Expenditure Guidance
VANCOUVER, BC, April 23, 2024 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports production and sales figure
About this update from Silvercorp Metals Inc.
[{"type":"text","content":" VANCOUVER, BC, April 23, 2024 /CNW/ - Silvercorp Metals Inc. (\"Silvercorp\" or the \"Company\") (TSX: SVM) (NYSE American: SVM) reports production and sales figures for the fourth quarter (Q4 Fiscal 2024) and fiscal year ended March 31, 2024 (\"Fiscal 2024\") and the production and cost guidance for the 2025 fiscal year ending March 31, 2025 ('Fiscal 2025\"). The Company expects to release its Fiscal 2024 audited financial results on Thursday, May 23, 2024 after market close. Q4 Fiscal 2024 Operational Results Gold production of 1,916 ounces, up 92% over the same quarter last year (\"Q4 Fiscal 2023\"); Silver equivalent (only silver and gold)1 production of approximately 1.3 million ounces, up 11% over Q4 Fiscal 2023; Lead production of approximately 12.5 million pounds, up 15% over Q4 Fiscal 2023; and Zinc production of approximately 4.56 million pounds, up 27% over Q4 Fiscal 2023. Fourth Quarter Fiscal 2024 Fourth Quarter Fiscal 2023 Ying Mining District GC Consolidated 'Ying Mining District GC Consolidated Production Data Ore Mined (tonnes) 147,122 48,038 195,160 132,205 49,643 181,848 Ore Milled (tonnes) Gold ore 21,843 - 21,843 - - - Silver ore 158,424 57,226 215,650 130,910 48,483 179,393 180,267 57,226 237,493 130,910 48,483 179,393 Head Grades Silver (gram/tonne) 197 57 255 88 Lead (%) 3.1 1.1 3.6 1.3 Zinc (%) 0.6 2.5 0.6 2.5 Recovery Rates Silver (%) 94.4 83.2 95.2 78.9 Lead (%) 95.0 89.8 95.3 90.9 Zin...