Gold prices dip as December rate cut bets wane; economic data in focus
VANCOUVER - Silvercorp Metals Inc. (TSX/NYSE American:SVM) announced Wednesday that Derek Liu has retired from his role as Chief Financial Officer, effective November 10, after serving in the position since 2015. The mining company, currently valued at $1.47 billion, has seen impressive growth with shares up nearly 125% year-to-date according to InvestingPro data.
The Canadian mining company has appointed Winnie Wang as Interim Chief Financial Officer, effective immediately. Wang, who joined Silvercorp in 2024, previously served as CFO of the company’s China Operations and brings over 15 years of leadership experience in corporate finance, accounting, and financial reporting.
Prior to joining Silvercorp, Wang was Head of Finance and CFO for Asurion China. She holds a Bachelor’s Degree from Shanghai International Studies University, a Master of Management from the University of International Business and Economics, and a Chartered Professional Accountant designation from CPA Australia.
In addition, Silvercorp has appointed Lei Wu as Corporate Controller. Wu, who recently joined the company from New Gold Inc. where he served as Finance Controller at the Rainy River Mine from 2021 to 2025, brings over 14 years of accounting and finance experience in the mining industry.
Liu will continue to provide assistance to the company in a consulting capacity during a transition period, according to the press release statement.
Silvercorp Metals produces silver, gold, lead, and zinc, with operations primarily in China. The company has recently expanded its interests with investments in Ecuador and Bolivia. Financial data from InvestingPro shows Silvercorp in strong financial position with a 4.59 current ratio and more cash than debt on its balance sheet. Revenue grew 34% in the last twelve months, though the stock trades at a high P/E ratio of 58. Analysts consider the stock undervalued based on Fair Value estimates and expect net income growth this year. For deeper insights, check out the comprehensive Pro Research Report, available for Silvercorp and 1,400+ other US equities.
In other recent news, Silvercorp Metals Inc. announced its earnings for the second quarter of fiscal year 2026. The company reported revenues of $83 million, which fell slightly short of the forecasted $84 million. However, earnings per share (EPS) met expectations at $0.10. Despite the minor revenue miss, Silvercorp Metals demonstrated strong operational performance during this period. The announcement did not significantly impact the company’s stock price. These developments are part of the ongoing updates from Silvercorp Metals as they navigate the fiscal year.
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