Nucor earnings beat by $0.08, revenue fell short of estimates
Investing.com -- Silvercorp Metals Inc (TSX:SVM) reported fourth quarter financial results that were largely in-line with expectations, as adjusted earnings met estimates while revenue topped forecasts. The stock fell 5.9% in Friday’s trading following the release, as investors were concerned about current cost pressures.
The Vancouver-based precious metals miner posted adjusted earnings of $0.07 per share for its fiscal fourth quarter ended March 31, matching the analyst consensus estimate. Revenue rose 76% year-over-year to $75.1 million, exceeding expectations of $66.8 million.
Silvercorp said it produced approximately 1.92 million ounces of silver equivalent during the quarter, up 45% compared to the same period last year. The company benefited from higher production volumes as well as increased selling prices for gold, silver, lead and zinc.
"We saw strong production growth across most metals this quarter, coupled with higher realized prices," said Rui Feng, Chairman and CEO of Silvercorp. "This allowed us to deliver solid revenue growth despite some ongoing cost pressures."
For the full fiscal year 2025, Silvercorp reported adjusted earnings of $0.37 per share on revenue of $298.9 million. The company ended the period with $369.1 million in cash and short-term investments.
Silvercorp shares were down 5.9% in trading following the earnings release. Investors seemed to be disappointing in the in-line results, and concerned about continual cost pressures in the midst of tariff uncertainty.