Silvercorp Receives TSX Conditional Approval in Connection with OreCorp Offer

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  • Net income attributable to equity shareholders of $12.7 million, or $0.08 per share1, compared to net income attributable to equity shareholders of $13.1 million, or $0.08 per share in the prior year quarter;
  • Gross margin of 52% compared with 55% in the prior year quarter;
  • Sales of $44.4 million, down $3.4 million or 7% compared to $47.8 million in the prior year quarter;
  • Inventories of silver-lead concentrate of 6,234 tonnes, valued at approximately $16.0 million, an increase of $4.5 million or 39%, compared to 4,666 tonnes valued at approximately $11.5 million in the prior year quarter;
  • Silver, lead, and zinc metals sold amounted to approximately 1.5 million ounces silver, 15.8 million pounds lead, and 6.4 million pounds zinc, compared to 1.7 million ounces silver, 19.5 million pounds lead, and 5.7 million pounds zinc in the prior year quarter;
  • Head grades were 315 grams per tonne (“g/t”) for silver, 4.5% for lead,…

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