Silvercorp Metals A0EAS0
Mit Silvercorp Metals wolle man ein Unternehmen in das Blickfeld rücken, welches vor fast genau einem Jahr zum Produzenten aufgestiegen sei. Man wolle damit den Anlegern einmal vor Augen führen, wie sich das auf die Umsatz- und Gewinnentwicklung sowie die Kursentwicklung niederschlage.
Silvercorp weise etliche Besonderheiten auf. Im Prinzip handle es sich hierbei um ein chinesisches Unternehmen, da sich alle Liegenschaften in China befinden würden. Aber da man als Rohstoffunternehmen in Kanada mehr gelte, sei man in einen dort registrierten Mantel geschlüpft, und firmiere nun offiziell als kanadisches Unternehmen mit einer Notiz in Toronto (SVM.TO).
Seitdem Silvercorp Metals von einem Developer zum Produzenten avanciert sei, habe dies die Börse mit einem Spitzenkurs von knapp über 20 CAD honoriert. Seither konsolidiere die Notiz. Dabei seien die Quartalszahlen nicht ohne. Bereits im ersten Fiskalquartal (30. Juni 2006) sei der Sprung von den roten in die schwarzen Zahlen gelungen, und so sei es auch im zweiten Fiskalquartal geblieben. Im dritten Fiskalquartal (31. Dezember 2006) seien bereits 11 Cent je Aktie verdient worden. In den ersten drei Quartalen seien 19 Cent hängen geblieben.
Daraus werde das derzeit starke Wachstum von Silvercorp Metals deutlich. Jedoch habe Hoermannsdorfer kürzlich im Gespräch mit Silvercorp-President Cathy Fong erfahren, dass man für das vierte Fiskalquartal keine allzu großen Gewinnsprünge erwarten sollte, da in diesen Zeitraum das chinesische Neujahresfest stattfinde und hier dementsprechend überdurchschnittlich viele Feiertage in China anfallen würden. Nichtsdestoweniger: Ein Gewinn von etwas über 30 Cent je Aktie dürfte im Gesamtjahr 2006/07 wohl drin sein.
Silvercorp Metals verfüge schon heute über so genannte "inferred" Ressourcen von rund 118 Millionen Unzen Silberäquivalenten. Erste, noch nicht testierte Schätzungen würden davon ausgehen, dass die Lagerstätte möglicherweise so reich an Metallen sei, dass es vergleichbar mit dem Coeur d`Alene-Bergbaudistrikt in Idaho sei, der in über 120 Jahren mehr als 1 Mrd. Unzen Silber produziert habe. Allerdings komme noch eine Besonderheit hinzu: Beim Silberabbau würden typischerweise auch andere Rohstoffe gewonnen; bei vielen anderen Minen seien sie nur Beiprodukte, und würden im Gesamtergebniskranz kaum ins Gewicht fallen.
Anders bei Silvercorp: Die Liegenschaften würden sich auch als extrem Blei- und Zinkhaltig erwiesen. Alleine die Verkäufe dieser Beiprodukte würden sich bis 31. März 2006 auf über 7,8 Mio. USD belaufen, und hätten damit einen Großteil der seinerzeit anfallenden Explorations- und Entwicklungskosten aufgewogen. In einem zur Zeit explorierenden Gebiet, sei kürzlich Molybdaen gefunden worden, dessen Preis zuletzt Kurskapriolen gen Norden geschlagen habe. Dies komme als neuerliche Fantasie hinzu.
Hoermannsdorfer gehe davon aus, dass die Börse momentan noch abwarte, wie das vierte Fiskalquartal gelaufen sei. Das Unternehmen werde derzeit mit 800 Mio. CAD an der Börse bewertet. Das, was jetzt bekannt im Boden liege, habe einen Wert von mehr als 2 Mrd. USD. Hinzu kämen noch weitere Gebiete, die noch exploriert werden müssten. Prognosen für das kommende Fiskaljahr würden von 1,80 USD je Aktie ausgehen, was ein KGV von spottbilligen 8 ergebe. Das sei mehr als supergünstig, wenn man bedenke, dass Silvercorp auf dem Weg zum weltweit profitabelsten Silberproduzenten sei. Man sollte sich insbesondere die Silber-Blei-Zink-Kombination als Traumkonstellation ansehen, da man nicht so sehr von der Preisentwicklung nur eines Rohstoffs abhängig sei.
Für die Silvercorp Metals-Aktie sieht Engelbert Hoermannsdorfer, Chefredakteur von "BetaFaktor", im aktuellen "Doersam-Brief", ein Kursziel von 25 CAD. (Ausgabe 329 vom 27.05.2007) (29.05.2007/ac/a/a) Analyse-Datum: 29.05.2007
Silvercorp receives $11.26-million (U.S.) dividend
2007-06-25 09:41 ET - News Release
Mr. Rui Feng reports
SILVERCORP RECEIVES US$11.264 MILLION DIVIDEND PAYMENT AND FAVORABLE INCOME TAX HOLIDAY RULING FOR ITS YING SILVER PROJECT, CHINA
Silvercorp Metals Inc. has received a notification from the Chinese tax authorities which confirms that the company's 77.5-per-cent-owned subsidiary company, Henan Found Mining Co. Ltd., is a qualified foreign investment enterprise that can enjoy a zero income tax rate for its first two years from its first year of recording a profit, and a 15-per-cent income tax rate for the third to fifth year.
The Chinese tax authorities have also accepted annual income tax filing by Henan Found that 2006 calendar year is the first year of its profitability. Accordingly, Henan Found's income tax holiday starts from the 2006 calendar year, instead of 2005 calendar year as the company has conservatively provided for in its audited annual financial statement for the fiscal year ended March 31, 2007 (see news in Stockwatch on June 11, 2007). As a result, the $1,623,286 income tax provision recorded for the company's fourth quarter in the audited financial statement for the year ended March 31, 2007, will be adjusted as a credit in the company's first quarter financial statement ending June 30, 2007.
Silvercorp to split shares 3:1
2007-10-01 09:53 ET - News Release
Mr. Rui Feng reports
SILVERCORP SHAREHOLDERS APPROVE STOCK SPLIT
Silvercorp Metals Inc. held its annual general and special meeting on Sept. 28, 2007. All matters placed before the shareholders were approved, including the proposed stock split of the company's common shares on the basis of three shares for every one existing share. The board of directors has set the record date for the stock split at the close of business on Oct. 31, 2007.
The shareholders of record of Silvercorp's common shares, as of the close of business on Oct. 31, 2007, will receive two additional shares for each common share held at that time. No action is required on the part of shareholders to receive shares pursuant to the stock split. The new shares are expected to be mailed by the company's transfer agent, on or about Nov. 7, 2007.
The number of shares reserved for the exercise of warrants and options, together with the exercise price payable for any shares that are subject to warrants and options, shall be adjusted accordingly. No action is required on the part of option or warrantholders.
The voting report of the annual meeting is available for review on the SEDAR system.
Silvercorp Metals 3:1 share split
2007-10-25 19:30 ET - Share Split
TSX bulletin 2007-1499
The common shares will be posted for trading at the open on Monday, Oct. 29, 2007, on a 3:1 split basis. The subdivision will be effected by issuing on or about Nov. 9, 2007, to common shareholders of record as of the close on Oct. 31, 2007, a certificate for two additional common shares for each common share held as of such record date.
The common share purchase warrants will continue to trade under their current Cusip number and symbol, however, each warrant shall be exercisable for three common shares at a price of $24 (or an effective exercise price per common share of $8), effective Oct. 31, 2007. The expiry date of the warrants remains as Oct. 26, 2008.
The remainder is available to Stockwatch subscribers.
Silvercorp Metals 70% subsidiary to acquire LM mine
2007-11-01 10:05 ET - News Release
Mr. Rui Feng reports
SILVERCORP ACQUIRES LM SILVER-LEAD MINE NEAR THE YING SILVER PROJECT, HENAN PROVINCE, CHINA
Silvercorp Metals Inc.'s 70-per-cent-owned joint venture company, Henan Huawei Mining Co. Ltd., has signed an agreement to acquire 100 per cent of the operating LM silver-lead mine, which has a mining permit of 3.07 square kilometres in area and is located just southeast of the Ying silver project. The acquisition is carried out by acquiring the private Chinese company holding the LM mining permits for approximately $3.25-million. It is expected that the acquisition will be financed by cash flow from Huawei's HPG mine and the LM mine mining operations.
The acquisition of the LM mine advances Silvercorp's strategy to consolidate the fragmented primary silver sector in China, starting from its foothold in Henan province by expanding the Ying silver camp. The current Chinese national government mandate for the mining industry is to encourage the consolidation within a mining district of small mining operations and companies into larger, well-organized operations in order to improve safety and environmental practices and for better usage of resources.
Silvercorp's Chinese subsidiary company, Henan Found Mining Co. Ltd., has emerged as the largest silver-lead-zinc mining company and one of the largest taxpayers in Luoyang City, Henan province, China. The Ying mine, being the best operated mine in Luoning county, is favoured by local governments to be the consolidator. The local governmental authorities have designated Henan Found as the sole consolidator of the TLP silver-lead mine, where significant amounts of silver and lead have reportedly been produced. Negotiations are currently under way with the shareholders of the TLP mine to acquire a 100-per-cent interest. The TLP mine, which is located on the east boundary of the Ying project area, is currently shut down by the local government due to its poor record of safety and environmental practices.
The LM mining permit area is underlain by a highly metamorphosed basement of Archean-aged mafic to felsic gneisses, similar to the Ying and HPG project areas. At least eight mineralized vein structures have been identified and mapped in the LM area to date. The veins range from 300 to 1,000 metres in striking length and 0.2 to 5.0 m in true thickness. Main metallic minerals are massive and disseminated galena, native silver, and freibergite.
The mining and exploration operations at LM started in 2005 and currently produce 300 tonnes of ores per day which are processed using custom mills. A total of 19 adits -- approximately 15,000 m of exploration and production tunnels -- were developed on different veins and on different levels. As the previous operator is only interested in mining any oreshoots found along the veins, no resource was estimated. Its current mining activities have been focused on the high-grade oreshoots of veins LM2 (about 1,000 m long) and LM8 (about 800 m long). Silvercorp's geologists made visits to the mine, mapped the tunnels and collected check samples. Assay results of the check samples are listed in the attached table.
Some of the significant intercepts are:
1.0 m true width grading 2,841 grams per tonne (g/t) silver (Ag), 12.87 per cent lead (Pb) and 3.78 per cent zinc (Zn) at 900 m elevation on the LM2 vein;
1.2 m true width grading 4,336 g/t Ag, 4.91 per cent Pb and 0.37 per cent Zn at 846 m elevation on the LM2 vein;
1.5 m true width grading 2,032 g/t Ag, 1.39 per cent Pb and 0.11 per cent Zn at 924 m elevation on the LM8 vein;
3.0 m true width grading 1,113 g/t Ag, 5.69 per cent Pb and 0.71 per cent Zn at 851 m elevation on the LM8 vein;
0.6 m true width grading 2,349 g/t Ag, 8.52 per cent Pb and 0.26 per cent Zn at 845 m elevation on the LM3 vein.
Ag
equiv-
Eleva- True alent
Vein tion width Ag Pb Zn (g/t)
No. Tunnel (m) (m) (g/t) (%) (%) (i)
LM2 PD900-LM2-920-NYM 920 0.70 183 0.80 0.39 235
PD900-LM2-920-NYM 920 0.70 125 0.21 0.35 150
PD900-LM2-920-NYM 920 1.40 154 0.51 0.37 193
PD900-LM2-920-NYM 920 0.50 284 0.57 0.26 320
PD900-LM2-920-NYM 920 0.30 4140 22.59 1.40 5160
PD900-LM2-920-NYM 920 0.45 539 1.42 0.26 611
PD900-LM2-920-NYM 920 0.30 4860 16.41 1.30 5614
PD900-LM2-915-NYM 915 0.85 610 3.48 0.28 770
PD900-LM2-915-NYM 915 0.80 348 4.78 0.26 562
PD900-LM2-915-NYM 915 0.50 84 0.75 0.46 137
PD900-LM2-915-NYM 915 1.10 111 0.28 123
PD900-LM2-915-NYM 915 0.70 95 0.28 0.75 142
PD900-LM2-915-NYM 915 0.30 126 0.25 0.22 147
PD900-XJ2-LM2-920-NYM 907 1.45 1005 4.96 1.38 1280
PD900-LM2-900-NYM 900 0.78 58 9.65 0.24 477
PD900-LM2-900-NYM 900 1.00 2841 12.87 3.78 3564
PD900-LM2-900-NYM 900 1.30 104 1.33 0.30 174
PD900-LM2-900-NYM 900 0.30 2233 24.05 0.13 3254
PD900-LM2-900-NYM 900 0.70 1056 10.07 0.30 1495
PD900-LM2-900-NYM 900 1.40 264 4.94 0.13 479
PD900-LM2-900-NYM 900 0.55 270 5.74 0.18 521
PD900-LM2-900-NYM 900 0.15 3996 18.58 0.33 4796
PD900-LM2-900-NYM 900 0.40 2404 12.69 0.30 2954
PD900-LM2-900-NYM 900 0.50 1711 27.59 0.96 2921
PD855-LM2-880-NYM 882 0.60 134 0.99 0.18 184
PD855-LM2-880-NYM 882 1.50 537 4.64 0.39 751
PD855-LM2-880-NYM 882 1.10 146 1.19 0.30 210
PD855-LM2-880-NYM 882 1.00 1085 5.56 0.17 1328
PD855-LM2-880-NYM 882 0.55 72 0.28 85
PD855-LM2-880-NYM-TJ2 882 1.00 1564 31.57 0.54 2922
PD855-LM2-860-NYM 861 1.50 80 0.28 0.28 105
PD855-LM2-860-NYM 861 1.20 713 3.63 0.26 879
PD855-LM2-860-NYM 861 0.65 24 3.21 0.22 170
PD855-LM2-860-NYM 861 0.85 800 2.59 0.30 924
PD855-LM2-860-SYM 861 0.90 81 0.49 0.09 106
PD838-LM2-845-NYM 845 0.90 227 1.09 0.44 294
PD838-LM2-845-NYM 845 1.40 113 0.42 0.30 145
PD838-LM2-845-NYM 845 1.00 268 0.42 0.20 295
PD838-LM2-845-NYM 845 1.20 4336 4.91 0.37 4561
PD838-LM2-830-NYM 830 1.00 3407 11.23 0.56 3907
PD838-LM2-830-NYM 830 0.50 713 1.85 0.31 806
PD838-LM2-830-NYM 830 0.70 181 0.14 187
PD838-LM2-830-NYM 830 1.00 153 0.92 0.30 206
PD838-LM2-830-NYM 830 1.70 165 0.60 0.18 198
LM3 PD900-LM3-900-NYM 915 0.90 132 1.52 0.44 217
PD900-LM3-900-SYM 900 0.20 224 22.32 0.33 1182
PD855-LM3-880-SYM 880 0.70 12 0.14 0.21 28
PD855-XJ1 870 0.65 470 24.47 0.57 1530
PD855-LM3-860-SYM 861 0.40 1327 27.55 0.61 2518
PD855-LM3-860-SYM 861 1.00 30 1.18 80
PD838-LM3-845-NYM 845 1.20 315 0.85 0.30 365
PD838-LM3-845-NYM 845 0.60 2349 8.52 0.26 2721
PD838-LM3-845-NYM 845 0.80 60 1.65 130
PD838-LM3-845-NYM 845 0.20 991 6.99 1.18 1342
PD838-LM3-845-NYM 845 0.40 636 14.68 0.70 1289
PD838-LM3-830-NYM 830 0.95 346 0.28 358
LM4 PD900-LM4-920-SYM 920 0.30 252 0.38 0.41 287
PD900-LM4-920-SYM 920 0.40 448 2.66 0.52 585
LM7 XPD924-LM7-924-NEYM 924 9.50 263 2.54 0.11 375
LM8 XPD924-LM8-924-NWYM 924 1.50 2032 1.39 0.11 2096
XPD924-LM8-924-NWYM 924 1.10 322 0.72 0.06 355
XPD924-LM8-924-NWYM 924 0.50 2344 0.97 0.08 2388
XPD924-LM8-924-NWYM 924 0.60 124 0.63 0.16 159
XPD891-LM8-891-NWYM 891 0.50 174 0.21 0.06 185
XPD891-LM8-891-NWYM 891 0.30 1134 0.63 0.05 1162
XPD891-LM8-891-NWYM 891 0.65 386 0.47 0.08 409
XPD891-LM8-891-NWYM 891 0.80 261 0.54 0.05 286
XPD891-LM8-891-NWYM 891 0.70 220 0.22 0.05 231
XPD860-LM8-860-SEYM 860 0.60 1570 6.36 0.43 1859
XPD860-LM8-860-NWYM 860 0.50 747 3.71 0.11 909
XPD924-LM8-924-NWYM 851 3.00 1113 5.69 0.77 1390
Silver equivalent grade is calculated on the basis of $6.5 (U.S.) per ounce
Ag, 40 U.S. cents per pound for Pb and 45 U.S. cents per pound for Zn.
Copper grade is not included in the calculation.
After taking over the LM mine operation in early November, 2007, Silvercorp will carry out systematic underground drilling and tunnelling programs, including sinking several decline and short shafts, on all eight veins to define the resource while continuing current mining activities. Ore produced from the LM will be processed in Silvercorp's new 1,000-tonne-per-day mill about 14 km northwest of the LM mine. The exploration and mine development will focus on better-explored LM2, LM3 and LM8 veins.
The acquisition of the HPG property remains subject to regulatory approvals.
Quality control
Rock samples were collected by channel sampling the face of the undercut drifts. The channels were usually cut 10 centimetres in width and five cm in depth producing a sample weighing approximately two kilograms to 10 kg for each 0.10 to 1.00 m interval depending on the thickness of mineralization.
The company maintains a quality control program to ensure best practice in sampling and analysis of the tunnel samples. The samples are shipped directly in security-sealed bags to analytical lab of No. 6 Team of Henan Non-Ferrous Metals Geological and Mineral Resources Bureau in Luoyang located 120 km by road northeast of the LM mine.
The sample preparation consists of drying, crushing and splitting of the sample to 150 grams, then the sample is pulverized to 200 mesh. Ag, Pb and Zn were analyzed by a three-hour hot aqua regia digestion on 30-gram samples with an AA finish.
Myles Gao, PGeo, is the qualified person on the project under National Instrument 43-101.
We seek Safe Harbor.
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Silvercorp Metals earns $17.5-million in Q3
2008-02-14 18:16 ET - News Release
Mr. Rui Feng reports
SILVERCORP RECORDS $0.12 EPS FOR Q3 FISCAL 2008 ENDED DECEMBER 31, 2007
Silvercorp Metals Inc. has released its results for the third quarter ended Dec. 31, 2007. The company recorded consolidated net earnings of $17.5-million, or 12 cents per share, compared with $9.3-million, or six cents per share, in the same quarter a year ago. Total gross profit increased by 100 per cent to $24.0-million in the third quarter, as compared with the same period a year ago. Net cash provided by operating activities rose to $22.9-million in the third quarter, a 71-per-cent increase over the same period a year ago.
For the nine months ended Dec. 31, 2007, the company recorded net earnings of $51.0-million, or 35 cents per share, compared with $17.1-million, or 12 cents per share, over the same period last year. Sales for the nine-month period increased by $55.1-million, or 185 per cent, to $84.9-million, as compared with $29.8-million for the same period last year. Net cash provided by operating activities rose to $65.2-million for the nine months, a 186-per-cent increase compared with $22.7-million over the same period last year.
Aktuell notiert sie bei 2,60 Euro - am 05.11.2007 hatte sie ein Tageshoch von 7,59 Euro erreicht - seitdem hat sie um ca. 66% korrigiert
Die Unsicherheit in der EU und in den USA hält weiterhin an,daher sehe ich in den nächsten 2 Wochen einen Aktienkurs von 10 Euro für realistisch.
Bei aktuell knapp 29$ macht das 23§ Gewinn pro Unze Silber,dabei wurden in den ersten 6 Monaten 2010 2,49 Millionen Unzen Silber gefördert.
FAzit: Ein Top Wert im Silbersektor.
http://www.minenportal.de/...ekordgewinn-2C--produktion-und--cashflow
Wie aus einer Pressemitteilung des Konzerns hervorgeht, wurde der Rückkauf von insgesamt 10 Millionen eigenen Aktien beschlossen. Dies entspricht rund 5,7 Prozent der ausstehenden Anteilsscheine des Unternehmens. Auf dem derzeitigen Niveau sei die Aktie nach den jüngsten Kursabschlägen unterbewertet, begründete der Konzern diesen Schritt.
Der Rückkauf solle zu aktuellen Kursen sowohl an der Toronto Stock Exchange als auch an der NYSE durchgeführt werden, teilte der Silberproduzent weiter mit.
Die Aktie von Silvercorp Metals notierte zuletzt in Kanada bei 7,91 Kanadische Dollar. (20.06.2011/ac/n/a)
Das Rückkaufsprogramm ist ja auch recht groß.
Mal schauen wie sich das auf dem Kurs auswirkt!
Fakten zu SVM
- tolle Liegenschaften in China, allen voran dser Komplex der Ying-Mine
- hochgradiges Erz mit ca. 300g/t Anteil
- schuldenfrei!
- zahlt eine Dividende
- bis 2012 kommen noch neue Produktionsstätten hinzu
- ...
Viele Grüße
acgm67