Silvercorp Q1 Profit Up on Higher Production

Reuters reported that Silvercorp (NYSE:SVM) is enjoying higher profits due to increased production and rising silver prices.

The market news is quoted as saying:

The company met its silver production target of 5.3 million ounces for fiscal 2011 ending March 31, helped mainly by 1.05 million ounces of silver produced in the fourth quarter.

To read the full market news, click here.