We recently published 10 Firms Making Effortless 10-40% Gains. Silvercorp Metals Inc. (NYSEAMERICAN:SVM) was one of Friday’s top performers.
Silvercorp surged to a new all-time high on Friday, as investor optimism was fueled by strong preliminary earnings results for the third quarter of fiscal year 2026.
The stock finished the day higher by 10.88 percent at $11.31 apiece following six straight days of gains.
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In a statement, Silvercorp Metals Inc. (NYSEAMERICAN:SVM) said that revenues in the third quarter jumped by 51 percent to $126.1 million from $83.6 million in the same period last year on the back of higher silver prices during the period, which offset a 4 percent decrease in silver production.
Silver production ended at 1.9 million ounces, lower than the 1.946 million ounces in the same period last year, while silver equivalent decreased by 5 percent to 2 million ounces from 2.1 million ounces previously.
Similarly, lead production ended weaker by 4 percent at 16.4 million pounds versus 17.09 million year-on-year.
Only zinc production posted a jump in operations, at 7 million pounds, or 5 percent higher than 6.67 million pounds in the same comparable period.
Official results are set to be released after market close on February 9.
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Disclosure: None. This article is originally published at Insider Monkey.
