Business Context and Reporting Period
Silvercorp Metals Inc., a foreign private issuer, filed this Form 6-K on May 17, 2012, to report results for the fiscal year ended March 31, 2012. The filing includes a news release, Management's Discussion and Analysis, and audited financial statements.
Key Financial Metrics
- Revenue: Record $238.0 million.
- Net Income: Record $73.8 million.
- Cash Flow: Record $123.8 million.
- Production: Record 5.6 million ounces of silver.
- Margins, Debt, and Liquidity: The filing text provided does not contain specific values for operating margins, total debt, or liquidity ratios beyond the cash flow figure.
Material Changes
The company reported record performance across all major operational and financial categories for the fiscal year 2012 compared to prior periods. Specific quantitative comparisons to the prior year are not detailed in the provided text, only the designation of these figures as "record" highs.
Guidance, Outlook, and Risks
The provided text does not contain specific forward-looking guidance, management commentary on future outlook, detailed risk factors, or contingencies. The filing primarily serves to disseminate the record-breaking results for the concluded fiscal year.
Investor Verification Checklist
- Verify the full audited financial statements (Exhibit 99.3) for detailed breakdowns of debt, liquidity, and margin calculations.
- Review the Management's Discussion and Analysis (Exhibit 99.2) for specific year-over-year percentage changes and operational drivers.
- Confirm the reconciliation of the reported cash flow of $123.8 million to the operating cash flow line item in the audited statements.