VANCOUVER (Commodity Online): The revenue of the Silvercorp Metals Inc, reached to $61.9 million, which is 19% increase from Q3 2011 and an operating cash flow of $31.6 million in the third quarter of Fiscal 2012.
The company released its unaudited financial and operating results for the third quarter that ended on December 31,2011.
Silvercorp Metals inc, reported that its gold production increased by 256% to 2879 ounces and silver production up by 2% to 1.55 million ounces in Q3 of 2012.
The company released its unaudited financial and operating results for the third quarter that ended on December 31,2011.
Silver and gold sales accounted for 69% of the total sales in the quarter, compared to 61% a year ago.
In Q3 2012, net income attributable to the shareholders of the Company was $20.0 million, or $0.12 per share, a decrease of 31%, compared to $29.1 million, or $0.17 per share, in Q3 2011.
The company also completed the acquisition of the high grade XHP silver-gold-lead-zinc-mine in Henan Province, China
