Silvercorp profit falls as prices dip

Canada-based, China-focused Silvercorp Metals has reported a lower profit margin for the financial year ended March 2019, on the back of lower prices for the precious and base metals that the company produces.

In the reporting period, the company sold about 6.4-million ounces of silver (up 6% year-on-year), 3 500 oz of gold (up 13%), 64.8-million pounds of lead (up 5%) and 22.7-million pounds of zinc (up 16%).