Hilwei Metal Mining (SVM.US) rose 6.21% on Wednesday, closing at $3.42.
According to the app of WiseNews, Hilwei Metal Mining (SVM.US) rose 6.21% on Wednesday, closing at $3.42. In terms of news, Hilwei released its Q1 fiscal year 2025 financial results ended on June 30, 2024. The data shows that the company's Q1 revenue was $72.2 million, a year-on-year increase of 20%; The net income attributable to the company's shareholders was $21.9 million, a year-on-year increase of 138%; The EPS was $0.12, compared with $0.05 in the same period last year.
Hilwei stated that the actual average selling prices of silver and gold in Q1 of fiscal year 2025 increased by 36% and 18% respectively.
Public information shows that Hilwei mainly acquires, explores, develops and produces nonferrous metals and precious metal mines such as silver, gold, lead, and zinc. and has become one of China's major silver and lead-zinc producers. The strong prices of precious metals such as gold and silver are expected to continue to push Hilwei's stock price higher. So far this year, Hilwei's stock price has risen by more than 30%.