Silvercorp Metals Inc traded at 13.82 this Friday October 16th, decreasing 0.04 or 0.29 percent since the previous trading session. Looking back, over the last four weeks, Silvercorp Metals lost 18.80 percent. Over the last 12 months, its price rose by 42.33 percent. Looking ahead, we forecast Silvercorp Metals Inc to be priced at 13.50 by the end of this quarter and at 12.60 in one year, according to Trading Economics global macro models projections and analysts expectations.
Silvercorp Metals Inc. is a Canadian mining company producing silver, gold, lead, and zinc. The Company operates several silver-lead-zinc mines at the Ying Mining District in Henan Province, China and the GC silver-lead-zinc mine in Guangdong Province, China. The Company’s producing mines are located in China, and exploration and development projects are located in China and Mexico. In the Ying Mining District, it has about seven underground mines (SGX, HZG, HPG, TLP, LME, LMW and DCG) and two processing plants (combined 2,500 tpd capacity), which are located approximately 240 kilometers (km) west-southwest of Zhengzhou, the capital city of Henan Province, China. The GC silver-lead-zinc mine is located approximately 200 km west of Guangzhou, the capital city of Guangdong Province, China. The BYP Mine is located approximately 220 km southwest of Changsha, the capital city of Hunan Province, China. The Company is also focused on the La Yesca and Kuanping projects.