Silvercorp Metals Inc. reported its financial results for the three months ended December 31, 2024, demonstrating a 43% increase in revenue to $83.6 million compared to $58.5 million in Q3 Fiscal 2024. Net income attributable to equity holders surged by 149% to $26.1 million, or $0.12 per share, from $10.5 million, or $0.06 per share, in the prior year quarter.
Adjusted net income attributable to equity shareholders reached $22.0 million, or $0.10 per share, representing a 92% increase from $11.5 million, or $0.06 per share, in Q3 Fiscal 2024. Cash flow generated from operating activities also saw a substantial increase of 90% to $44.8 million, up from $23.6 million in Q3 Fiscal 2024.
The company's cash, cash equivalents, and short-term investments stood at $354.6 million as of December 31, 2024, marking a 69% increase from September 30, 2024. Capital expenditures increased by 29% to $25.3 million, supporting the completion of the No. 3 tailings storage facility and mill expansion at Ying, as well as initial investments in the El Domo and Condor projects. The Kuanping Project also received all necessary permits and licenses, making it ready for construction.
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