Sign in

    Felix Shafigullin

    Research Analyst at Eight Capital

    Felix Shafigullin is an Equity Research Analyst specializing in Metals & Mining at Eight Capital, based in Toronto. He covers companies such as O3 Mining Inc. and Silvercorp Metals, providing in-depth analysis on both precious and energy metals and regularly contributing price target recommendations and performance outlooks for issuers in the sector. Shafigullin began his analyst career at Bank of America Merrill Lynch, focusing on financial services, and transitioned to Eight Capital with eight years of total industry experience, as of 2024. He holds registration as a non-US analyst and is recognized for his expertise in mining-related equities, supporting Canadian investment research compliance standards.

    Felix Shafigullin's questions to SILVERCORP METALS (SVM) leadership

    Felix Shafigullin's questions to SILVERCORP METALS (SVM) leadership • Q1 2025

    Question

    Inquired about the nature of the recent mining cost increase, the reason for stockpiling a large amount of ore, the remaining CapEx for the tailings facility, and the operational status of the XRT sorters.

    Answer

    The mining cost increase is not considered material, with more details to come in the life of mine plan. The ore stockpile is a result of mining rates exceeding current mill capacity ahead of the expansion and will be processed by year-end. The remaining tailings facility CapEx for the year is $13 million. The XRT sorters are being phased in, with one currently in a trial period.

    Ask Fintool Equity Research AI

    Felix Shafigullin's questions to SILVERCORP METALS (SVM) leadership • Q1 2025

    Question

    Felix Shafigullin from Eight Capital asked whether the quarter's higher mining costs were a one-off event, questioned the reason for stockpiling a significant amount of ore, sought clarification on the remaining CapEx for the new tailings facility, and asked if the XRT sorters were fully operational.

    Answer

    Executive Lon Shaver suggested the mining cost increase was not materially significant and deferred detailed commentary to the upcoming life of mine plan. He explained that the ore stockpile demonstrates that mining rates are exceeding current mill capacity, reinforcing the need for the expansion. He confirmed the remaining budget for the tailings facility is $13 million for the fiscal year. Regarding the XRT sorters, Shaver clarified that one unit is currently operating on a trial basis, and its results will inform the deployment of two additional planned units.

    Ask Fintool Equity Research AI

    Felix Shafigullin's questions to SILVERCORP METALS (SVM) leadership • Q1 2025

    Question

    Felix Shafigullin from Eight Capital questioned if the quarter's higher mining costs were a one-off, asked for the reason behind the significant 59,000-tonne ore stockpile, inquired about the remaining CapEx for the new tailings facility, and later asked for clarification on the operational status of the XRT sorters.

    Answer

    Lon Shaver, Executive, suggested the mining cost increase was not hugely material and deferred to the upcoming life of mine plan for longer-term figures. He explained that the ore stockpile demonstrates the need for the mill expansion, as mining activity is now outpacing milling capacity. Shaver clarified the remaining tailings facility budget for the year is $13 million and noted that one XRT sorter is currently operating on a trial basis, with results determining the rollout of two others.

    Ask Fintool Equity Research AI

    Felix Shafigullin's questions to SILVERCORP METALS (SVM) leadership • Q4 2024

    Question

    Felix Shafigullin from Eight Capital asked for the rationale behind the projected lower cash costs at the Ying mine for fiscal 2025 compared to the actual costs in fiscal 2024.

    Answer

    Lon Shaver, an executive, explained that the anticipated lower per-tonne cash cost at the Ying mine is primarily driven by plans for increased production tonnage. He stated that higher throughput allows for the allocation of costs across more tonnes, leading to a lower unit cost.

    Ask Fintool Equity Research AI