DIVIDEND CUT, PRODUCTION CUT, CRATERINg TO UNDER $2 IN THE AM
Horrific report, the truth comes out - this will crater HUGE in the AM, sell and preserve your capital. Or not, you can keep losing your shirt.
"earnings were $0.01 per share, compared with the prior-year period's $0.03 per share. Revenue was $23.97 million, down 59% from $58.71 million in the same quarter last year.
The company said financial results were mainly impacted by lower metal production as silver, lead and zinc production decreased 42%, 45%, and 58% respectively, compared with the same quarter last year."
"SVM also said that it will reduce the quarterly dividend to CAD 0.005 per share from CAD 0.025 per share."