10:08 AM EST - Silvercorp Metals Inc. : reported its unaudited financial and operating results for the first quarter ended June 30, 2011. Record silver production, coupled with increasing silver prices, resulted in record quarterly sales. The following financial results are expressed in US dollars unless stated otherwise. Highlights included record sales of $69.7 million, representing a 90% increase compared to$36.7 million in the first quarter of fiscal year 2011. Net income was $25.6 million, or $0.15 per share, an 82% increase compared to $14.1 million, or $0.09 per share, in Q1 2011. Silvercorp Metals Inc.
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