05:29 PM EST, 02/11/2025 (MT Newswires) -- Silvercorp Metals ( SVM ) was at last look up 2.5% in after hours New York trading on Tuesday as it reported improved fiscal third-quarter earnings but declined to provide an operating outlook pending detailed engineering design of the process plant of the El Domo Project.

Net income attributable to equity shareholders rose to US$26.1 million, or $0.12 per share, up from net income of $10.5 million or $0.06, in the year-prior quarter.

Excluding an $11.6 million gain on fair value of derivative liabilities, less $8.9 million one-time non-routine mineral right transfer royalty payment for renewing SGX mining license, and other minor items, the adjusted profit attributable to equity shareholders was $22.0 million or $0.10, up from $11.5 million or $0.06 in the third quarter.

Among other highlights for Q3, the company said it mined 383,543 tonnes of ore, milled 361,810 tonnes of ore, and produced approximately 2,056 ounces of gold, 1.9 million ounces of silver, or approximately 2.1 million ounces of silver equivalent, plus 17.1 million pounds of lead and 6.7 million pounds of zinc. It also sold approximately 1,875 ounces of gold, 2.0 million ounces of silver, 17.1 million pounds of lead, and 6.6 million pounds of zinc, for revenue of $83.6 million.

The company also noted it was awarded the first construction contract of the El Domo Project using "Unit Cost" criteria.

In its related operating outlook, Silvercorp said pending the detailed engineering design of the process plant of the El Domo Project, it expects to provide Fiscal 2026 production and capital expenditures guidance along with the release of Fiscal 2025 production results in April.

The company's shares were last seen up US$0.08 to US$3.30 after hours. They closed down $0.14 to $4.57 on the Toronto Stock Exchange.