06:18 AM EDT, 10/16/2024 (MT Newswires) -- Silvercorp Metals ( SVM ) late on Tuesday said fiscal second-quarter 2025 production fell to 1.75 million ounces of silver equivalent from 1.82 million ounces in the year-ago period.

Ore mined increased to 361,440 tonnes from 273,465 tonnes. Ore milled also rose to 280,130 tonnes from 248,307 tonnes.

Revenue increased 26% at approximately $68 million.

Inventory stockpile ores grew to about 129,000 tonnes due to mill capacity constraints and will be processed starting the next quarter when the expansion mill is in operation.

The company plans to release its fiscal second-quarter 2025 financial results on Nov. 7 after the close of trading.

The company's share price gained 0.6% to US$4.91 in U.S. pre-market trading on Wednesday.