05:32 PM EDT, 08/13/2024 (MT Newswires) -- Silvercorp Metals ( SVM ) was at last look up 5.6% in US after-hours trade on Tuesday as it reported earnings per share basic for the first quarter of its fiscal 2025 year that beat forecast as revenues largely met expectations.

The company reported adjusted earnings of US$20.62 million, or $0.12 per share, compared to US$12.37 million. or $0.07, a year earlier. on this. But Silvercorp also reported net income attributable to equity shareholders of $21.9 million, or $0.12 per share compared to $0.05 a year earlier. This beat a consensus forecast at Capital IQ of $0.10.

Tthe company said it mined 343,847 tonnes of ore, milled 307,696 tonnes of ore, and produced approximately 1,146 ounces of gold, 1.7 million ounces of silver, or approximately 1.8 million ounces of silver equivalent, plus 15.6 million pounds of lead and 6.4 million pounds of zinc.

Also, it sold approximately 998 ounces of gold, 1.7 million ounces of silver, 15.7 million pounds of lead, and 6.5 million pounds of zinc, for revenue of $72.2 million compared to just over $60 million a year earlier. The Q1 revenue was largely in line with a Capital IQ forecast of $72 million.

Silvercorp generated cash flow from operating activities of $40.0 million; Cash cost per ounce of silver, net of by-product credits, of negative $1.67; and all-in sustaining cost per ounce of silver, net of by-product credits, of $9.82.

Silvercorp shares were last seen up US$0.18 to US$3.40 after hours. They closed unchanged at $4.38 on the Toronto Stock Exchange.