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Message: silvercorp reports record earnings

silvercorp reports record earnings

posted on Jun 10, 2008 09:47AM

silvercorp does business in china, and just reported record earnings. its primary asset, the ying mine, is a silver-lead-zinc deposit with some gold. because of the base metal and gold credits, the company's cash production cost was negative $11/oz. silver for the year.

this is the kind of result we can look forward at pirquitas, only with tin instead of lead. silvercorp already pays a cash dividend, and has begun a share buyback program.

http://biz.yahoo.com/iw/080609/04049...

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