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Silvercorp Releases Production Report: Profits Fall $24.7 Million
Aug. 03, 2012 12:15PM PST
Silver InvestingMineweb reported the drop in profits for Canadian miner Silvercorp Metals, caused by low silver prices and a decrease in production.
Mineweb reported the drop in profits for Canadian miner Silvercorp Metals, caused by low silver prices and a decrease in production.
As quoted in the press release:
Silvercorp, a Vancouver-based company focused on mining in China, reported a net income of $9.5 million, or 4 cents per share, compared with $34.2 million, or 15 cents per share, a year earlier.