negative cost per ounce - make money at any silver price
"In the quarter ended September 30, 2011, Silvercorp produced silver at a cash cost of negative $4.55 per ounce – upholding the company's status as the lowest cost primary silver producer among its global industry peers since operations began in 2006.
Going forward, Silvercorp aims to continue growing production every year through mine capacity expansion at its Ying Mining District in Henan province, China. Silvercorp recently acquired the XBG & XHP projects nearby the Ying Mining District, further consolidating the region. Silvercorp has commenced gold production at its BYP mine in Hunan province, China. At the same time, Silvercorp is advancing its GC project in southern China and the Silvertip project in British Columbia, Canada, towards mine development and production.
Now with US$176.7 million in cash and short term investments, no debt and robust operations, Silvercorp plans to continue generating shareholder value through resource and production growth and by seizing upon acquisition opportunities."