More on Silvercorp's quarter

Silvercorp Metals reported Q1 2015 net income of $2.7 million or $0.02 per share compared to $4.6 million, or $0.03 per share in the comparable 2013 quarter.

Much like its competitors Silvercorp Metals has been hit by the lower price of silver of the last year and a half.

Due to cost control measures margins improved to 51% from 44% last quarter as production costs declined 33% year-over-year.

My buy recommendation was too early but I am bullish once more as Silvercorp has improved operations drastically and is well prepared to benefit from eventual rises in metal prices.

      
Silvercorp Metals (NYSE:SVM) just reported its first quarter 2015 earnings. It was a decent quarter to my surprise, as this company was thought to continue to struggle by many of my colleagues. With silver prices leveling and in my estimation having risk to the upside, things may be beginning to improve. So how was the quarter? Well overall net income was $2.7 million or $0.02 per share compared to $4.6 million, or $0.03 per share in the comparable 2013 quarter. Much like its largest competitors, including Silver Wheaton (NYSE:SLW) as I outlined here, Silvercorp Metals has been hit by the price of silver. But Silvercorp Metals did have improved production cost controls. In the quarter, these controls led to profit margins of 51% compared to 44% in the comparable 2013 quarter. Further, the company saw.........READ FULL ARTICLE