China’s largest silver producer
$48.6-million in cash, strong operations and the lowest production costs among its global peers.
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Message: Silver Corp Picked in Latest ProspectingJournal Silver Commentary

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Silver Corp Picked in Latest ProspectingJournal Silver Commentary

posted on Feb 11, 11 12:52PM

From the ProspectingJournal.com:

Silvercorp Metals Inc. [SVM – TSX]
Current Price: $11.90
52 Week Range: $5.93 - $13. 64
Mkt Cap: $1.97B
Lately when you think about mining in China, the first thought that comes to mind is Rare Earth Elements (REEs), mostly because of the embargoes threatened, and the supply shortages that loom with upcoming environment regulation on those operations. But for Silvercorp Metals, their position in China is that of silver and the high profitability it yields them. China's largest primary silver producer, Silvercorp has enjoyed the lower costs Chinese mining operations provides (only negative $7.13 per ounce). With projected production of 1.24 million ounces of silver for Q3 2011 (at those previously stated low, low costs of production), plus healthy additions of lead, zinc and gold production, Silvercorp is more than healthy enough to continue paying out its $.02 per share quarterly dividend.

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