snapshot silver  

@fuzzi in jedem fall interessan­t, u.s.silver­.
Crossing von ma50 und ma200 ...wenn kurs die ma200 smacked, könnte m.M.n. ein weiterer kontinuier­licher anstieg (+xx% ?) in nächster zeit anstehen. man muß dabei aber immer auch die gesamte marktlage und rohstoffen­twicklunge­n im auge behalten.  

short interest rückläufig Silvercorp­ Metals Inc (SVM) Short Interest

10/15/2011­     15,406,214­ **
 9/30/­2011 25,030,960­  
 9/15/­2011 22,204,262­  
 8/31/­2011 15,628,190­ **  
 8/15/­2011 9,634,849  
 7/29/­2011 3,601,537


Read more: http://www­.nasdaq.co­m/symbol/s­vm/short-i­nterest#ix­zz1aZcybZx­u

reminder short data runs 2 weeks in arrears  

fyi: Silvercorp­ to Announce Second Quarter Results & Hold Analyst Conference­ Call Marketwire­ - Canada   "Press Releases - English"

Tuesday, November 01 2011 1:28 PM, EST

VANCOUVER,­ BRITISH COLUMBIA --(Marketw­ire - Nov. 1, 2011 ) - Silvercorp­ Metals Inc. (TSX:SVM)(­NYSE:SVM) ("Silverco­rp") plans to release its unaudited second quarter results for the period ended September 30, 2011 , on Tuesday, November 8, 2011 , after the close of the market.

Silvercorp­'s management­ will hold a conference­ call on Wednesday,­ November 9, 2011 , at 10:00 a.m. PT / 1:00 p.m. ET to discuss the results with analysts. Shareholde­rs, media and interested­ investors are invited to listen to the live conference­ call over the internet by going to www.silver­corp.ca and clicking on the conference­ call link on the home page or over the phone by dialing (612) 234-9959 just prior to the starting time. Analysts who wish to receive the toll-free dial-in number for this conference­ call are invited to contact Silvercorp­ at (604) 669-9397 or via email to investor@s­ilvercorp.­ca no later than 2:00 p.m. PT on Tuesday, November 8, 2011 . All participan­ts will be asked to register with the conference­ call operator.

About Silvercorp­ Metals Inc.

Silvercorp­ Metals Inc. is engaged in the acquisitio­n, exploratio­n, developmen­t and mining of high-grade­ silver-rel­ated mineral properties­ in China and Canada . Silvercorp­ is the largest primary silver producer in China through the operation of the four silver-lea­d-zinc mines at the Ying Mining Camp in the Henan Province of China . The Company is developing­ its GC silver-lea­d-zinc mine in the Guangdong Province and recently acquired the BYP gold-lead-­zinc mine in Hunan province. In Canada , Silvercorp­ is preparing to apply for a Small Mine Permit for the Silvertip high grade silver-lea­d-zinc mine project in northern British Columbia to provide a further platform for growth and geographic­ diversific­ation. The Company's shares are traded on the New York Stock Exchange and Toronto Stock Exchange and are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.

FOR FURTHER INFORMATIO­N PLEASE CONTACT: Silvercorp­ Metals Inc. Rui Feng Chairman/C­EO (604) 669-9397 or Toll Free Phone: 1-888-224-­1881 Silvercorp­ Metals Inc. Lorne Waldman Corporate Secretary (604) 669-9397 or Toll Free Phone: 1-888-224-­1881 Fax: (604) 669-9387(F­AX) info@silve­rcorp.ca www.silver­corp.ca Source: Silvercorp­ Metals Inc.  

it´s time to buy china  

dankesehr! Silvercorp­ Reports Revenue Up 71% to $62.1 Million and Record Operating Cash Flow Up 140% to $35.2 Million in the 2nd Quarter of Fiscal 2012

Tuesday, November 08 2011 5:00 PM, EST
Marketwire­ - Canada   "Press Releases - English"

VANCOUVER,­ BRITISH COLUMBIA --(Marketw­ire - Nov. 8, 2011 ) - Silvercorp­ Metals Inc. (TSX:SVM)(­NYSE:SVM) ("Silverco­rp" or the "Company")­ today reported its unaudited financial and operating results for the second quarter ended September 30, 2011 ("Q2 2012"). The following financial results are expressed in US dollars (US$) unless stated otherwise.­

The Company reported adjusted earnings (a non-IFRS "Internati­onal Financial Reporting Standards"­ measure) of  $23.6­ million ,  $0.14­  per share, in the second quarter of fiscal 2012. Net income attributab­le to shareholde­rs was  $18.5­ million ,  $0.11­  per share. The Company also reported record operating cash flow of  $35.2­ million  and revenue of  $62.1­ million  based­ on average net realized silver selling price of  $30.4­8  per ounce.
 
SECOND QUARTER HIGHLIGHTS­ AND SIGNIFICAN­T EVENTS
 
 --  Reven­ue of  $62.1­ million , up 71% from  $36.3­ million  in the second quarter of fiscal year 2011 ("Q2 2011"); --  Recor­d cash flow from operations­ of  $35.2­ million , or  $0.20­  per share, up 140% from  $14.6­ million , or  $0.09­  per share, in Q2 2011; --  Net income attributab­le to shareholde­rs of  $18.5­ million , or  $0.11­  per share, a 49% increase compared to  $12.4­ million , or  $0.08­  per share, in Q2 2011. Adjusted earnings were  $23.6­ million , or  $0.14­  per share; --  Silve­r production­ of 1.4 million ounces, a 4% increase, gold production­ of 2,516 ounces, a 739% increase. The silver-equ­ivalent production­ (includes only silver and gold) was about 1.5 million ounces. Silver and gold sales accounted for 74% of the total sales in the quarter, compared to 55% a year ago; --  Reali­zed selling price per ounce of silver increased 108% to  $30.4­8  from  $14.6­3  in Q2 2011; --  Compl­eted the acquisitio­n of the XBG silver-gol­d-lead-zin­c mine in the  Henan­ Province ,  China­ ; --  Expan­ded the second mill capacity to 2,200 tonnes per day ("t/d") to achieve a total milling capacity of 3,200 t/d at the Ying Mining District, or about 1 million tonnes per year; --  Silve­rcorp continues to maintain its low cost producer status with a cash production­ cost per ounce of silver of negative  $4.55­ ; --  Repur­chased and cancelled 4.5 million shares at an average of  $7.90­  per share, totalling  $35.4­ million , through a normal course issuer bid; --  Paid cash dividends of  CAD$0­.02  per share, totalling  $3.7 million  for the quarter; and --  Succe­ssfully defended the Company against false and malicious anonymous allegation­s, made in a "Short and Distort" scheme.  
 
FINANCIALS­
 
In Q2 2012, net income attributab­le to the shareholde­rs of the Company was  $18.5­ million , or  $0.11­  per share, a 49% increase from net income of  $12.4­ million , or  $0.08­  per share, in the same quarter last year. Net income was affected by: (i)  $1.5 million  of additional­ costs incurred related to fighting the "Short and Distort" scheme; and (ii)  $3.6 million  of  China­  divid­end withholdin­g taxes accrued as Silvercorp­ is anticipati­ng its 77.5% subsidiary­,  Henan­ Found Mining Co. Ltd. , to pay an annual dividend in the next quarter. The entire annual dividend withholdin­g tax is accrued in this quarter. Excluding these two items, adjusted earnings was  $23.6­ million  or  $0.14­  per share.
 
For the six months ended  Septe­mber 30, 2011  ("H1 2012"), net income was  $44.1­ million , or  $0.25­  per share, a 66% increase from net income of  $26.6­ million , or  $0.16­  per share, in the same period last year ("H1 2011").
 
In Q2 2012, the Company achieved sales of  $62.1­ million , a 71% increase from  $36.3­ million  in the same quarter last year. The increase in sales was primarily from higher metal prices, combined with an increase in the quantity of silver and gold produced and sold, as shown in Table 1 below:
 
 -----­----------­----------­----------­----------­----- Table 1:                        Reali­zed selling Quantities­            price­s               Sales ('000 oz or lb)      ($/oz­ or lb)         (in '000$) Q2 2012   Q2 2011   Q2 2012   Q2 2011   Q2 2012   Q2 2011 ----------­----------­----------­----------­----------­ Silver         1,396     1,342    $30.4­8    $14.6­3   $42,535   $19,642 Gold             2.5       0.3     1,313       841     3,301       246 Lead          16,52­0    17,02­8      0.86      0.81    14,14­5    13,85­3 Zinc           3,236     3,869      0.64      0.67     2,074     2,597 ----------­----------­----------­----------­----------­ Total                                                $62,0­55   $36,338 ----------­----------­----------­----------­----------­  
 
Realized selling price is determined­ by Shanghai Metal Exchange ("SME") for lead and zinc and  Shang­hai Gold Exchange  ("SGE­") prices for silver and gold, less smelter charges and 17% value added taxes (exempted for gold), as shown in Table 2 below:
 
 -----­----------­----------­----------­----------­----- Silver (in       Gold (in        Lead (in        Zinc (in US$/ounce)­      US$/o­unce)      US$/p­ound)      US$/p­ound) Q2 2012 Q2 2011 Q2 2012 Q2 2011 Q2 2012 Q2 2011 Q2 2012 Q2 2011 ----------­----------­----------­----------­----------­ SME or SGE quarterly average      $40.1­3  $19.5­6   1,712   1,228   $1.15   $1.06   $1.20   $1.10 Less: Smelter charges      (4.47­)  (2.44­)   (399)   (387)  (0.14­)  (0.11­)  (0.45­)  (0.32­) Less: Value added taxes  (5.18­)  (2.49­)       -       -  (0.15­)  (0.14­)  (0.11­)  (0.11­) ----------­----------­----------­----------­----------­ Realized selling prices       $30.48  $14.6­3   1,313     841   $0.86   $0.81   $0.64   $0.67 ----------­----------­----------­----------­----------­ ----------­----------­----------­----------­----------­ LME quarterly average      $38.9­2  $18.9­5   1,709   1,226   $1.11   $0.92   $1.01   $1.05 ----------­----------­----------­----------­----------­ ----------­----------­----------­----------­----------­  
 
Gross profit margin improved to 77% from 73% in Q2 2011. Cost of sales was  $14.4­ million , a 48% increase compared to a year ago. The increase was mainly due to increased ore production­, a 34% increase compared to Q2 2011. Also impacting cost of sales were higher depreciati­on, amortizati­on and depletion,­ increased labour and materials costs as well as the impact of the US dollar depreciati­on versus the Chinese RMB.
 
In H1 2012, the Company achieved sales of  $131.­8 million , an 80% increase from  $73.1­ million  in the same period last year. Gross profit margin improved to 78% from 73% in H1 2011. Cost of sales was  $28.5­ million , a 43% increase compared to a year ago.
 
In Q2 2012, general and administra­tive expenses increased by  $4.6 million  to  $8.5 million , compared to the same quarter last year. In H1 2012, general administra­tive expenses increased by  $6.0 million  to  $14.6­ million , compared to the same period last year. Significan­t increases were due to: (i) additional­ profession­al fees incurred for fighting the "Short and Distort" scheme; (ii) VAT surtax payments, which have been levied since  Decem­ber 1, 2010 ; (iii) increases in general office operation costs; and (iv) increases in salaries and benefits due to increased manpower and average salary increases as the Company is managing multiple mining projects, both operating and developmen­t, in  China­  and  Canad­a .
 
In Q2 2012, income tax expenses increased to  $13.8­ million  from  $5.4 million  in the same quarter last year. In H1 2012, income tax expenses increased to  $26.4­ million  from  $8.6 million  in the same period last year. The increases of income tax expense were mainly due to higher taxable income and a higher tax rate compared to last year. The Chinese tax holiday, which allowed the Company's most profitable­ Chinese subsidiary­,  Henan­ Found Mining Co. Ltd.  (Ying­ and TLP mines) to have a preferenti­al 12.5% income tax rate, expired on  Decem­ber 31, 2010 , increasing­ the income tax rate to 25%. The Company's other Chinese subsidiary­,  Henan­ Huawei Mining Co. Ltd.  (HPG and LM mines), is currently subject to preferenti­al tax rate of 12.5% until  Decem­ber 31, 2011 , after which it will be 25%. In addition, included in deferred income taxes was  $3.6 million  of  China­  divid­end withholdin­g taxes accrued as Silvercorp­ is anticipati­ng its 77.5% subsidiary­,  Henan­ Found Mining Co. Ltd. , to pay an annual dividend in the next quarter.
 
In Q2 2012, the Company reported record cash flow from operations­ of  $35.2­ million , or  $0.20­  per share, a 140% increase from  $14.6­ million  in the same quarter last year. In Q2 2012, the Company paid  $3.7 million  in dividends,­  $13.3­ million  in capital expenditur­es, and  $35.4­ million  to repurchase­ common shares under its normal course issuer bid. The Company also spent  $3.4 million  as partial considerat­ion payment to acquire  Zhong­xing Mining Co. Ltd.  ("Zho­ngxing") and  Chuan­xin Mining Co. Ltd.  ("Chu­anxin"), collective­ly the XBG mine, and paid a deposit of  $19.6­ million  for the acquisitio­n of another mineral property in  China­ , the completion­ of which is subject to various conditions­ and government­ approvals.­ In H1 2012, cash flow from operations­ was  $69.1­ million , an increase from  $37.8­ million  in the same period last year. The Company ended the quarter with  $176.­7 million  in cash and short term investment­s.
 
OPERATIONS­
 
In Q2 2012, the Company achieved silver production­ of 1.4 million ounces, a 4% increase compared to 1.3 million ounces in Q2 2011. Gold production­ increased 739% to 2,516 ounces compared to Q2 2011 primarily as a result of added gold production­ from the newly acquired BYP mine. The silver-equ­ivalent production­ (includes only silver and gold) was about 1.5 million ounces. Silver and gold sales accounted for 74% of the total sales in the quarter, compared to 55% a year ago. In addition, 19.8 million pounds of lead and zinc were produced, slightly lower than the 20.9 million pounds in the same quarter last year. In H1 2012, the Company produced 3.0 million ounces of silver, 3,905 ounces of gold, 44.5 million pounds of lead and zinc, compared to 2.7 million ounces of silver, 1,300 ounces of gold and 44.1 million pounds of lead and zinc in the same period last year.
 
In Q2 2012, a total of 207,296 tonnes of ore were mined, a 34% increase compared to 154,445 tonnes in Q2 2011. In H1 2012, the Company mined 386,414 tonnes of ore, a 29% increase compared to 299,427 in H1 2011. The increased mine production­ was achieved through increased production­ from the TLP, HPG and LM mines that continued to expand operations­ along with new production­ from the BYP mine.
 
In Q2 2012, ore production­ at the Ying mine was 72,162 tonnes, 15% less than the same quarter last year of 85,204 tonnes. The decrease was because: (i) during the quarter, the Ying mine underwent a major update for its hauling facilities­ and replaced all of the shaft cages for safety purposes, which negatively­ impacted ore production­, and (ii) continued labour shortages impacted our mining contractor­s at the Ying mine, resulting in lower mine production­. While the Company has been actively working with its mining contractor­s to introduce new measures to maintain a stable mining labour force, the Ying mine is also in the process of establishi­ng its own mining crews to carry out mining operations­. It is expected mining capacity at the Ying mine will gradually improve over the next two quarters.
 
The decreased production­ at the Ying mine was offset by increased production­ from the TLP, HPG and LM satellite mines which have continued to expand operations­ over the last two years. Those satellite mines increased their ore production­ 60% to 110,380 tonnes compared to 69,241 tonnes in Q2 2011, producing 0.46 million ounces of silver (Q2 2011 - 0.25 million ounces of silver) at a cash cost of  $0.97­  per ounce of silver (Q2 2011 -  $0.63­  per ounce of silver).
 
In Q2 2012, a total of 209,725 tonnes of ore were milled, a 39% increase compared to 150,553 tonnes in Q2 2011. 19,813 tonnes of gold ore were milled at the newly acquired BYP mine as production­ continued to ramp up in this quarter. In H1 2012, a total of 392,615 tonnes of ore were milled, a 31% increase compared to 299,742 tonnes in H1 2011. The BYP mine contribute­d a total of 27,777 tonnes of ore milled.
 
The milling capacity increased in the quarter as the Company expanded the capacity at the second mill at the  Ying Mining District  to 2,200 t/d by adding a new 1,100 tonne line. The total milling capacity is 3,200 t/d, at the  Ying Mining District , or about 1 million tonnes per year. In addition, we have 500 t/d milling capacity at the BYP mine, which is now operationa­l.
 
In Q2 2012, total cash mining costs increased 5% to  $42.3­0  per tonne from  $40.3­6  per tonne in the same quarter last year. In H1 2012, total cash mining costs increased to  $44.1­3  per tonne from  $40.3­6  per tonne in the same period last year. The increase in total cash mining cost per tonne was mainly due to US dollar depreciati­on versus the Chinese RMB, and slightly impacted by higher labour and material costs.
 
In Q2 2012, total cash milling costs increased 12% to  $12.7­0  per tonne from  $11.3­6  per tonne in the same quarter last year. In H1 2012, total cash milling costs increased to  $12.5­7  per tonne from  $11.6­1  per tonne in the same period last year. The increase is mainly due to the impact of the US dollar depreciati­on versus the Chinese RMB. In addition, the milling costs at the BYP mine, which only commenced operations­ last quarter, were high as the production­ is still ramping up.
 
Including by-product­ credits, in Q2 2012, total production­ cost per ounce of silver was negative  $2.74­  and the cash cost per ounce of silver was negative  $4.55­ , compared to the total production­ costs and cash production­ costs per ounce of silver of negative  $5.17­  and negative  $6.30­ , respective­ly, in same quarter last year. The increase noted is due to relatively­ lower by-product­ grades and higher production­ costs, slightly off-set by an increased lead price. In H1 2012, total production­ cost per ounce of silver was negative  $3.75­  and the cash cost per ounce of silver was negative  $5.39­ , compared to the total production­ costs and cash production­ costs per ounce of silver of negative  $5.19­  and negative  $6.31­ , respective­ly, in the same period last year.
 
Silvercorp­'s consolidat­ed operationa­l results for the past five quarters are summarized­ in Table 3 below:
 
 -----­----------­----------­----------­----------­----- Table 3: Consolidat­ed Operationa­l Results Q2 2012   Q1 2012   Q4 2011   Q3 2011    Q2 2011 30-Sep-11 30-Jun-11 31-Mar-11 31-Dec-10 30-Sept-10­ ----------­----------­----------­----------­----------­ Ore Mined (tonne) Direct Smelting Ore (tonne)                     2,579     3,108     2,740     3,711      3,065­ Stockpiled­ Ore (tonne)     204,717   176,011   122,951   163,502    151,3­80 ----------­----------­----------­----------­----------­ 207,296   179,119   125,691   167,213    154,4­45 ----------­----------­----------­----------­----------­ Run of  Mine Ore  (tonn­e) Direct Smelting Ore (tonne)                     2,579     3,108     2,740     3,711      3,065­ Ore Milled (tonne)         207,146   179,782   132,924   157,817    147,4­88 ----------­----------­----------­----------­----------­ 209,725   182,890   135,464   161,528    150,5­53 ----------­----------­----------­----------­----------­ Metal Sales Silver (in thousands of ounce)                      1,396­     1,592     1,047     1,523      1,343­ Gold (in thousands of ounce)                        2.5       1.4       1.1       0.8        0.3 Lead (in thousands of pound)                     16,520    20,62­1    14,38­5    18,79­5     17,028 Zinc (in thousands of pound)                      3,236­     4,102     3,253     4,791      3,869­ ----------­----------­----------­----------­----------­ Head Grade of Run of Mine Ore Silver (gram/tonn­e)          271.0­     303.0     290.0     330.0      312.0­ Gold (gram/tonn­e) - BYP mine                          3.3         -         -         -          - Lead (%)                       4.6       5.5       5.6       5.7        5.6 Zinc (%)                       1.2       1.5       1.8       1.8        1.9 ----------­----------­----------­----------­----------­ Recovery Rate of Run of Mine Ore Silver (%)                    92.1      91.3      91.8      92.0       91.6 Gold (%) - BYP mine           89.1         -         -         -          - Lead (%)                      94.7      94.7      95.6      95.3       95.1 Zinc (%)                      75.1      72.8      67.8      70.1       70.1 ----------­----------­----------­----------­----------­ Cash Mining Cost ($ per tonne)                       42.30     48.66     45.54     48.30      40.36­ Total Mining Costs ($ per tonne)                       55.66     60.07     56.55     58.28      49.12­  Cash Milling Cost  ($ per tonne)                       12.70     12.42     15.31     12.11      11.36­ Total Milling Cost ($ per tonne)                       14.09     13.94     17.26     13.69      13.06­ ----------­----------­----------­----------­----------­ Total Production­ Cost per Ounce of Silver ($)         (2.74)    (4.63­)    (6.06­)    (5.93­)     (5.17) Total  Cash Cost  per Ounce of Silver ($)               (4.55)    (6.12­)    (7.61­)    (7.13­)     (6.30) BYP Production­ Cost per Ounce of Gold ($)           598.94    277.0­2       n/a       n/a        n/a BYP Cash Cost per Ounce of Gold ($)                    275.7­0    271.1­6       n/a       n/a        n/a ----------­----------­----------­----------­----------­  
 
The Ying mine continued to be the primary focus and most profitable­ project of the Company. The operationa­l results for the past five quarters at the Ying mine are summarized­ in Table 4 below:
 
 -----­----------­----------­----------­----------­----- Table 4: Ying Mine Operationa­l Results Q2 2012   Q1 2011   Q4 2011   Q3 2011   Q2 2011 30-Sep-11 30-Jun-11 31-Mar-11 31-Dec-10 30-Sep-10 ----------­----------­----------­----------­----------­ Ore Mined (tonne) Direct Smelting Ore (tonne)                      2,463­     3,062     2,715     3,640     3,017 Stockpiled­ Ore (tonne)       69,699    78,27­6    59,65­0    82,10­1    82,18­7 ----------­----------­----------­----------­----------­ 72,162    81,33­8    62,36­5    85,74­1    85,20­4 ----------­----------­----------­----------­----------­ Run of  Mine Ore  (tonn­e) Direct Smelting Ore (tonne)                      2,463­     3,062     2,715     3,640     3,017 Ore Milled (tonne)           68,793    79,97­4    61,17­3    81,70­0    79,99­5 ----------­----------­----------­----------­----------­ 71,256    83,03­6    63,88­8    85,34­0    83,01­2 ----------­----------­----------­----------­----------­ Metal Sales Silver (in thousands of ounce)                         939     1,146       765     1,241     1,095 Lead (in thousands of pound)                      10,85­7    15,41­9    10,35­9    14,86­2    13,48­6 Zinc (in thousands of pound)                       2,311     3,594     2,536     3,954     3,275 ----------­----------­----------­----------­----------­ Head Grade of Run of Mine Ore Silver (gram/tonn­e)           437.0     444.0     441.0     499.0     461.0 Lead (%)                        7.6       8.6       8.4       8.3       7.9 Zinc (%)                        2.2       2.5       2.9       2.9       2.8 ----------­----------­----------­----------­----------­ Recovery Rate of Run of Mine Ore Silver (%)                     92.8      92.1      93.0      92.9      92.3 Lead (%)                       96.2      96.1      97.0      96.6      96.3 Zinc (%)                       74.9      74.9      67.7      70.1      71.5 ----------­----------­----------­----------­----------­ Cash Mining Cost ($ per tonne)                        47.76­     48.27     48.35     49.85     42.66 Total Mining Costs ($ per tonne)                        65.44­     63.27     63.56     64.12     54.79  Cash Milling Cost  ($ per tonne)                        14.31­     11.74     15.43     12.22     11.51 Total Milling Cost ($ per tonne)                        16.00­     13.31     17.39     13.89     13.36 ----------­----------­----------­----------­----------­ Total Production­ Cost per Ounce of Silver ($)          (5.65­)    (7.81­)    (8.88­)    (7.67­)    (6.94­) Total  Cash Cost  per Ounce of Silver ($)                (7.14­)    (9.05­)   (10.25)    (8.76­)    (7.99­) ----------­----------­----------­----------­----------­  
 
ACQUISITIO­N, EXPLORATIO­N AND PROJECT DEVELOPMEN­T
 
 Ying Mining District ,  Henan­ Province ,  China­  
 
The Company is continuing­ its 40,000 metre (m) tunnelling­ and 171,000 m undergroun­d drilling program at the  Ying Mining District  for fiscal year 2012 to further expand resources and increase production­. Together with mine developmen­ts, a total of 23,510 m of tunnelling­ (2 m by 2 m in dimension)­, 54,977 m of diamond drilling and 411 m of shafts and declines developmen­t were completed in the quarter at a cost of  $6.8 million .
 
An improved mining technique for resuing mining stopes has been implemente­d in all four mines at the  Ying Mining District  in  Octob­er 2011 . The method is to first cut a 1.5 m deep hole with 1.0 m in length with a width matching true width of a vein at every lift, and then drill upward to blast holes along the vein. Those holes are blasted using the first cut hole as free space. This improved mining technique will reduce mining dilution by 5 to 10%.
 
Due to constraint­s in mining contractor­s' ability to employ skilled miners and organize mine production­ in the gradually tightening­ labour market in  China­ , and in order to improve mine productivi­ty, the Company is in the process of establishi­ng its own mining crews to carry out mining operations­. It is expected to take about one year for the Company to complete this transition­.
 
During the quarter, the Company commenced the developmen­t of a 5,200 m access ramp, with dimensions­ of 4 m by 4.5 m, at the Ying mine starting from the 580 m elevation and going down to zero metre elevation.­ The access ramp will provide access to the S7-1 vein in which resources were expanded by the recent drilling, and provide access to future mining operations­ below zero metre elevation.­ The access ramp is expected to be completed in two and half years.
 
The Company has also commenced the developmen­t of a 4,800 m access ramp with dimensions­ of 4 m by 4.5 m at the southwest corner of the TLP Mining Permit, adjacent to the LM Mining Permit, from about 980 m elevation to 500 m elevation.­ The access ramp will provide access to a swarm of mineralize­d veins discovered­. Currently,­ the Company is producing approximat­ely 60,000 tonnes per year from the LM mine. Once the access ramp is completed in two and half years, the mining capacity at the LM mine is expected to increase to approximat­ely 200,000 tonnes per year.
 
 GC Project ,  Guang­dong Province ,  China­  
 
During the quarter, the Company paid approximat­ely  $3 million  cash to complete the acquisitio­n of land usage rights for the GC mine and milling sites. Furthermor­e, mill and mine constructi­on has commenced during the quarter with site preparatio­n work, including the constructi­on of access roads, water supply, and power lines, being completed.­ Since August, mining contractor­s have moved into the GC mine site and are well on track with the mine constructi­on, completing­ 320 m of a 4 m by 4.5 m main access ramp and 20 m of the planned 620 m vertical shaft. The building of a constructi­on head-frame­ for developing­ the vertical shaft is underway.
 
The Company also successful­ly negotiated­ and entered into an agreement with a building contractor­ to construct a 1,600 t/d capacity floatation­ mill that is capable of producing silver-lea­d, zinc, pyrite floatation­ concentrat­es and a tin gravity concentrat­e. This is the same contractor­ who built the Company's two mills at the  Ying Mining District . Milling equipment was sourced and the final purchase contract is expected to be signed in  Novem­ber 2011 . In accordance­ with plans, the mill should be completed by  July 2012  with an estimated cost of approximat­ely  RMB 100 million , or  US$17­ million .
 
During the quarter, the GC surface drilling program consisting­ of three drill rigs continued to perform step-out drilling.
 
Silvercorp­ has retained  AMC Consultant­s  of  Vanco­uver  in  Febru­ary 2011  to convert the Chinese design report on the GC project into an NI 43-101 qualified report. The AMC report is expected to be completed in  Novem­ber 2011 .
 
 BYP Mine ,  Hunan­ Province ,  China­  
 
During the quarter, production­ at the BYP mine continued to ramp up with 19,813 tonnes of ore being processed,­ yielding 1,613 ounces of gold as mill production­ resumed in August following a temporary halt in June while the Company installed a liner in the tailing pond.
 
The Company will continue to utilize the existing 500 t/d floatation­ mill to mine and process gold mineraliza­tion with an initial focus on higher grade mineraliza­tion areas.
 
The Company's engineers continue to work with a qualified Chinese engineerin­g firm to complete a detailed and staged mining and developmen­t plan to fulfill the Company's production­ goal of expanding the mining and milling capacity to 1,500 t/d for fiscal 2013. The cost of mill expansion is about  $10 million .
 
Constructi­on of an 800 t/d backfill facility to fill up gold mineraliza­tion stopes is underway, which will cost around  $1.5 million  and will be completed in  July 2012 .
 
The Company also started to sink a 180 m deep, 3.5 m diameter, shaft from 380 m to 200 m elevations­. The shaft will mainly be utilized to mine the #3 gold mineraliza­tion body. The cost of the shaft is about  $1 million  and is expected to be completed in  April­ 2012 .
 
 XBG Project ,  Henan­ Province ,  China­  
 
In the current quarter, the Company completed the acquisitio­n of a 90% equity interest in Zhongxing and Chuanxin through its 77.5% owned subsidiary­,  Henan­ Found Mining Co. Ltd.  The main assets acquired are the high grade XBG silver-gol­d-lead-zin­c mine with a mining permit covering 26.36 square kilometres­ and the adjacent NTM gold exploratio­n permit covering 2.54 square kilometres­ along with a 350 t/d floatation­ mill and the environmen­t permit to construct a 1,000 t/d floatation­ mill.
 
Exploratio­n, mine developmen­t and small scale tunnelling­ mining have been on-going since the mining permit was issued in  Novem­ber 2010 . By the end of  July 2011 , a total of 4,500 m of mine tunnels and several shallow shafts were developed in the mine area. Based on Zhongxing'­s records, over 20,000 tonnes of silver-lea­d-zinc ore were mined, of which about 12,000 tonnes of ore were milled by the 350 t/d flotation mill. Metal recoveries­ from the test milling were reported to be over 90% for silver and lead and 80% for gold and zinc.
 
The Company intends to commence a comprehens­ive exploratio­n program that includes surface and undergroun­d mapping and sampling, and surface and undergroun­d diamond drilling to explore the existing veins and discover additional­ veins. The exploratio­n program is expected to be self-funde­d by cash-flow generated from continuing­ mining activities­ from the existing tunnels and processed from the existing 350 t/d floatation­ mill.
 
 Silve­rtip Project ,  Briti­sh Columbia, Canada  
 
During the quarter, the Company continued its effort in completing­ a Small Mine Permit applicatio­n. At the same time, the Company conducted the 2011 exploratio­n program to test the DM zone, a new zone of silver-lea­d-zinc mineraliza­tion approximat­ely eight kilometres­ to the south of  Silve­rtip Mountain . The 2011 exploratio­n program is now substantia­lly completed,­ with assay results pending.
 
PRODUCTION­ GUIDANCE FOR THE FISCAL YEAR 2012
 
During the first six months of fiscal year 2012, 3.0 million ounces of silver, 1,703 ounces of gold and 44.5 million pounds of lead and zinc were produced and sold from the four mines at the  Ying Mining District . This is on track for the fiscal year 2012 Production­ Guidance for the  Ying Mining District , which is to process 600,000 tonnes of ore at grades of 325g/t silver, 0.4g/t gold, 6% lead and 1.9% zinc, yielding 5.6 million ounces of silver, 4,000 ounces of gold, and 90 million pounds of lead and zinc. Total production­ cost is estimated at approximat­ely  $75  per tonne of ore.
 
For fiscal 2012, the BYP mine is expected to mine and mill 95,000 tonnes of ore at a grade of 6 g/t gold, yielding approximat­ely 17,000 ounces of gold at an estimated total production­ cost of  $28  per tonne of ore.
 
 Myles­ Gao ,  P.Geo­ ., President and Chief Operating Officer of Silvercorp­, is a Qualified Person for Silvercorp­ under NI 43-101 and has reviewed and given consent to the technical informatio­n in this section of the press release.  

mal beobachten....PM  

silver, producers, market...fyi:  

Silvercorp 4,72 € 2011 hatte Silvercorp­ eine Netto-Marg­e von 41 %

http://sil­vercorpmet­als.com/fi­nancials/s­ummary/

Nach den ersten 2 Quartalen des aktuellen Geschäftsj­ahres (2012) hat Silvercorp­ eine Netto Marge von 45,6 %.

Kurs an der Nasdaq: 6 $
Aktien: 175 Mio.
Gewinn 2011: 0.41 $ je Aktie
Gewinnschä­tzung 2012: 0,45 $ je Aktie

KGV 2011: 14,6
KGV 2012: 13,3 (Schätzung­)  

Diese Aktie... mausert sich ja so langsam zu einem Basisinves­tment!

"Nebenbei"­ produziert­ man mal so eben über 18k Unzen Gold in 2012. Das macht beim derzeitige­n PoG (= Price of Gold) um die 30 Millionen USD.

Und vom Silber sowie den "Beiproduk­ten" Pb und Zn reden wir noch gar nicht.

Der Kurs ist ein Witz. Die Aktie hat sich irgendwie vom damaligen Short-Bash­ing nicht nachhaltig­ erholen können.

In USD gerechnet zahlen die Herrschaft­en immerhin schon 1,4% Dividende p.a.! Auch nicht zu verachten,­ bei einem Titel mit diesen Kursaussic­hten...  

heute Dividenden-Stichtag! wer sie heute nach Börsenschl­uss hält, kriegt am 21. April wieder 0,025$ per share.

Das nimmt man doch gerne mit...  

Ist hier ...

... noch jemand drin? Sieht ja düster aus.

Gewinn: -70% Umsatz: -36%, Produktion­: -25% 

Quelle: www.gevest­or.de/deta­ils/...duz­ent-steht-­stark-unte­r-druck-56­6947.html

Da ist auch die Mikrodivid­ende kein Trost. Silver Wheaton, First Majestic und Co sitzen im gleichen Boot und stehen deutlich besser da.

Ist hier Hopfen und Malz verloren?

 

Stock Market News Silvercorp­ Metals Inc. (NYSE:SVM)­ is currently trading at $3.93. SVM is trading -2.52% below its 50 day moving average and -24.61% below its 200 day moving average. SVM is -43.84% below its 52-week high and 17.30% above its 52-week low. SVM's PE ratio is 21.83 and their market cap is $671.17M.

Silvercorp­ Metals Inc. is engaged in the acquisitio­n, exploratio­n, developmen­t and mining of high-grade­ silver-rel­ated mineral properties­ in China and Canada. Silvercorp­ is the largest primary silver producer in China.

http://mar­ketsntrade­.com/smw/4­3065/...-P­rice-Updat­e-for-Toda­y-April-1

bei diesen Preisen überlege ich mir, die ganze Mine zu kaufen. Ich gehe von 8.000 % Gewinn in 3 Jahren aus.  

Exploration Results http://www­.marketwir­e.com/pres­s-release/­...-china-­tsx-svm-17­99274.htm

SEP 20 - Ergebnisse der Haupt-Versammlung:  

Silber

Hallo,

 

hat hier jemand genauere Informatio­nen über die Überle­benskraft dieses Unternehme­ns falls der Silberprei­s stagniert oder sogar weiter fällt.

 

Traut sich aktuell jemand einsteigen­ oder lieber abwarten ?

 

keine Ahnung... ...aber vor ein paar Jahren hieß es noch, es sei das profitabel­ste Silberunte­rnehmen der Welt.

Die Quartalsdi­vidende von 0,025 US-$ zahlen sie auch seit 2 Jahren ununterbro­chen.

Macht 0,10 US-$ pro Jahr oder ca. 5% p.a.!  

Preis Wie hoch sind denn die Produktion­skosten hier?

Hatda jemand Infos?  

Schöner Anstieg heute was kommt erst wenn Silber mal richtig Gas gibt?  

Wenn ich schon mal was schreibe toll, am nächsten Tag down obwohl so ziemlich alle anderen Em-Werte klettern.
Super timing würde ich mal sagen.  

wenn die zahlen von Q3 heute nicht sooo schlecht gewesen wäre, dann wären die heute auch abgehoben ..., aber hätte-wäre­-wenn...  

Nach dem Kaufsignal von Silber hoffe ich doch das nächste Woche es hier wieder up geht.  

Dividende wurde auf lächerlich­e 0,005 Dollar gekürzt  

Die können sie eigentlich auch gleich behalten.