Overview

* Silvercorp fiscal Q1 revenue rises 13% yr/yr to C$81.3 mln

* Adjusted net income for fiscal Q1 up 2% to C$21.0 mln

* Fatality at Ying Mining District may impact future production

Outlook

* Silvercorp expects a 20-25% production shortfall due to mine closures in the current quarter

Result Drivers

* HIGHER METAL PRICES - Revenue increase driven by 12% rise in silver prices and 45% rise in gold prices

* PRODUCTION COSTS - Increased ore processing led to higher production costs, impacting income from mine operations

* DERIVATIVE CHARGES - Net income affected by C$4.8 mln charge on derivative liabilities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 C$81.33

Revenue mln

Q1 C$0.1

Adjusted

EPS

Q1 EPS C$0.08

Q1 C$21.05

Adjusted mln

Net

Income

Q1 Net C$18.13

Income mln

Q1 Basic C$0.08

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

* Wall Street's median 12-month price target for Silvercorp Metals Inc ( SVM ) is C$7.50, about 14.8% above its August 6 closing price of C$6.39

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)