Silvercorp Metals Inc. Reports Q2 Fiscal 2027 Financial and Operating Results
Silvercorp Metals Inc. announced its financial and operating results for the second quarter of fiscal year 2027, reporting an adjusted net income of $18.4 million.
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Silvercorp Metals Wins Legal Victory Regarding El Domo Project Licenses
A local judge rejected an injunction that sought to invalidate construction licenses for Silvercorp Metals' El Domo polymetallic project in Ecuador.
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Silvercorp Metals Inc. has updated the construction budget and timeline for its El Domo Project, citing increased costs due to fuel price adjustments and infrastructure enhancements.
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Shares of precious metals-related companies are trading lower after stronger-than-expected inflation data boosted expectations for a Federal Reserve rate hike in October. Gold and silver prices are declining amid a stronger U.S. dollar and rising Treasury yields, which make non-yielding precious metals less attractive to investors.