Silvercorp Reaches Record Fiscal Net Income
Mineweb reported that Silvercorp (NYSE:SVM) reported it had a record earnings year even though profits dropped in the last quarter.
Mineweb reported that Silvercorp (NYSE:SVM) reported it had a record earnings year even though profits dropped in the last quarter.
Mineweb reported that Silvercorp's (NYSE:SVM) profit fell due to lower production at its Ying silver mine.
Reuters reported that Silvercorp Metals (NYSE:SVM) said it predicts silver output will rise by 20% this fiscal year.
The Bedford Report released research on Silvercorp Metals (NYSE:SVM,TSE:SVM) and an outlook for the iShares Silver Trust (NYSE:SLV).
Stockcall released research on Silvercorp Metals (NYSE:SVM) and Silver Standard Resources (NASDAQ:SSRI).
Reuters reported that Silvercorp (NYSE:SVM) is enjoying higher profits due to increased production and rising silver prices.
In uncertain times, investors shy away from bold assets and play it safe with what they know to be solid; silver and gold. With the markets rattled over the debt crisis, silver and gold prices are rising in response.
On average, Canada produces over 1000 tonnes of silver annually. While the provinces of New Brunswick, Quebec, and Ontario are responsible for the majority of that production, British Columbia, and the territories of Nunavut and the Yukon are quickly becoming hot beds for silver exploration and development projects.
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