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Silvercorp Metals Inc.

10:39 AM EST - Silvercorp Metals Inc. : reported fourth quarter net income of US$10.9 million or US$0.07 per share, compared to net income of US$6.9 million or US$0.05 per share in the same quarter last year. The company's quarterly total sales increased 101% to US$26.8 million, from US$13.4 million in the year-ago quarter. Silvercorp Metals Inc. shares T.SVM are trading up 15 cents at $7.78.