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