Latest news with #LonShaver
Business Upturn
31-07-2025
- Business
- Business Upturn
IBN Announces Latest Episode of The MiningNewsWire Podcast featuring Lon Shaver, President of Silvercorp Metals Inc.
AUSTIN, Texas, July 31, 2025 (GLOBE NEWSWIRE) — via IBN – IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The MiningNewsWire Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. The MiningNewsWire Podcast features revealing sit-downs with executives who are shaping the future of the global mining industry. The latest episode features Lon Shaver, President of Silvercorp Metals Inc. (NYSE American: SVM) (TSX: SVM), a Canadian mining company producing silver, gold, lead, and zinc, with a long history of profitability and growth. During the interview, Shaver shared how Silvercorp is evolving beyond its silver-focused roots into a diversified, multi-asset producer. 'We're a growth company in transition. Our recent acquisition brought us into Ecuador, and we remain very active in pursuing new opportunities to grow the company and expand our asset base… We really like to deliver for our shareholders — to be a multi-asset, multi-jurisdiction company within a couple of years.' He went on to explain the financial strategy behind Silvercorp's current expansion efforts. 'The roughly $240 million in capital estimated for El Domo… $175 [million] of that will be funded by Wheaton. There's a stream arrangement in place… The balance — $75 million — we can easily fund that out of cash on hand. So, that will allow us to continue to look at new targets for growth as well as pay our dividend, which arguably is a bit symbolic at present… but it's really meant to show that good times and bad in the silver market, we intend to give our shareholders a return on their investment.' Shaver also emphasized what sets the company apart from peers in the sector. 'In addition to being a good operator and a consistent operator with a long track record… we've shown through our M&A efforts really a good nose for surfacing value. We've seen a number of targets that we thought were good acquisition targets. We didn't always get them because we didn't chase them and overpay, but I think we've done a good job at finding good opportunities and trying to bring them into the company for our shareholders.' Join IBN's Carmel Fisher and Lon Shaver, President of Silvercorp Metals, for a conversation on building a multi-asset portfolio, managing capital efficiency, and delivering value across cycles. To hear the whole podcast and subscribe for future episodes, visit The latest installment of The MiningNewsWire Podcast continues to reinforce IBN's commitment to the expansion of its robust network of brands, client partners, followers and the growing IBN Podcast Series. For more than 19 years, IBN has leveraged this commitment to provide unparalleled distribution and corporate messaging solutions to 500+ public and private companies. To learn more about IBN's achievements and milestones via a visual timeline, visit: About Silvercorp Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, visit the company's website at About IBN IBN consists of financial brands introduced to the investment public over the course of 19+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients. Through our Dynamic Brand Portfolio (DBP), IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) Press Release Enhancement to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions; and (6) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Forward-Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements. Corporate Communications IBNAustin, Office [email protected]
Cision Canada
12-06-2025
- Business
- Cision Canada
Silvercorp Announces Filing of the Updated Mineral Resource Estimate for its Condor Project
Trading Symbol: TSX/NYSE American: SVM VANCOUVER, BC, June 12, 2025 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) announces that, further to its news release dated May 12, 2025 (the "Release"), it has filed an updated mineral resource estimate for its Condor gold project (the "Condor Project") titled: "Independent Technical Report for the Condor Project, Ecuador" (the "Technical Report"). The Technical Report is effective February 28, 2025 and was prepared by SRK Consulting (Canada) Inc. The Technical Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and can be found on the Company's website at and under the Company's profile at and EDGAR at There are no material differences in the information in the Technical Report and the information contained in the Release. The Condor Project is not considered to be a material property of the Company at this time and the MRE was prepared and filed by the Company on a voluntary basis. Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at For further information Silvercorp Metals Inc. Lon Shaver President Phone: (604) 669-9397 Toll Free 1(888) 224-1881
Yahoo
05-06-2025
- Business
- Yahoo
Silvercorp Files Form 40-F Annual Report
Trading Symbol: TSX/NYSE American: SVM VANCOUVER, BC, June 5, 2025 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports that the Company has filed today its fiscal 2025 annual report on Form 40-F with the U.S. Securities and Exchange Commission ("SEC"). The Form 40-F, which includes the Company's fiscal 2025 annual audited financial statements, management's discussion and analysis, and annual information form, is available on the Company's website at and on the SEC's website at Printed copies of the Company's fiscal 2025 annual financial statements, management's discussion and analysis, annual information form and Form 40-F are available free of charge to Silvercorp's securityholders upon written request. About Silvercorp Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at For further informationSilvercorp Metals Inc. Lon Shaver PresidentPhone: (604) 669-9397Toll Free 1(888) 224-1881Email: investor@ View original content to download multimedia: SOURCE Silvercorp Metals Inc. Sign in to access your portfolio
Yahoo
18-02-2025
- Business
- Yahoo
Silvercorp Metals Inc (SVM) Q3 2025 Earnings Call Highlights: Record Revenue and Cash Flow ...
Revenue: Record $84 million, up 43% year over year. Operating Cash Flow: Record $45 million, up 90% year over year. Silver Production: 1.9 million ounces, up 16% year over year. Net Income: $26 million or $0.12 per share, more than double from last year. Adjusted Net Income: $22 million or $0.10 per share. Cash Balance: $355 million at the end of 2024. Production Costs: $78 per tonne in Q3, up 5% year over year. Cash Cost per Ounce of Silver: Negative $1.88, lower than last year's negative $0.96. All-in Sustaining Cost per Ounce of Silver: $12.75, up 13% year over year. Investment in Mines and Projects: $25 million, up 29% year over year. Repayment to Wheaton Precious Metals: $13.25 million. Dividends Paid: $2.7 million. Share Repurchase: Close to $1 million under NCIB program. Ore Mined and Milled: Increased by 11% and 16% year over year, respectively. Gold Production: Increased by 53% in Q3. Lead Production: Increased by 5% in Q3. Zinc Production: Decreased by 10% year over year. Year-to-Date Silver Production: 5.3 million ounces. Year-to-Date Gold Production: 4,400 ounces. Year-to-Date Lead Production: 46 million pounds. Year-to-Date Zinc Production: 19 million pounds. Warning! GuruFocus has detected 3 Warning Signs with SVM. Release Date: February 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Silvercorp Metals Inc (SVM) reported record revenue of $84 million for fiscal Q3, a 43% increase from the previous year. The company achieved record operating cash flow of $45 million, up 90% year over year. Silver production reached a record 1.9 million ounces, marking a 16% increase compared to the same quarter last year. The successful expansion of the Ying Mine's mill increased production capacity from 2,500 to 4,000 tonnes per day. Silvercorp Metals Inc (SVM) ended 2024 with a strong cash balance of $355 million, bolstered by $143 million in net proceeds from a convertible notes offering. Zinc production decreased by 10% year over year due to lower head grades. Production costs increased by 5% to $78 per tonne in Q3, attributed to more underground development and grade control drilling. All-in sustaining production costs rose by 10% year over year to $150 per tonne in Q3. The company faced a one-time $12 million government payment related to the renewal of the mining license at the SGX mine. Administrative expenses increased by $2 million, impacting the overall financial performance. Q: Are you exposed to the current tariff discussions, and how are you addressing investor concerns about it? A: Lon Shaver, President: We are not exposed to the tariff discussions as we sell all our concentrates to smelters within the country. Once the metals leave our mine site in concentrate form and we've been paid, we have no further exposure. We are not exporting anything from China, except cash in the form of dividends. However, if tariffs impact global economic activity and metals prices, we could be indirectly affected like any other miner. Q: Regarding the El Domo project, will you provide a comprehensive update in April? A: Lon Shaver, President: Yes, we plan to provide a budget with our best estimates for total construction and the current fiscal year. We are finalizing important details regarding construction, and we continue to see opportunities to reduce the initial capital, which was $248 million in the feasibility study. Q: Will there be an updated mine plan for El Domo? A: Lon Shaver, President: The mine plan is not expected to change significantly once production begins. The production numbers from the feasibility study remain the best to use going forward. Q: Is Salazar Resources still committed to their stake in the El Domo project? A: Lon Shaver, President: I cannot comment on Salazar's commitment, but we are happy with our partnership and have a good relationship with them. Q: For El Domo, should we model pricing based on LME or SME standards? A: Lon Shaver, President: An LME and a more typical pricing structure would be appropriate. We have an offtake agreement based on market terms and conditions at the time of delivery, so using Western-based LME pricing is suitable. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
