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Silvercorp Metals Inc.: Q2 Fiscal 2026 Operational Results

Silvercorp Metals Inc. (TSX: SVM, NYSE American: SVM) has recently unveiled its operational and financial results for the second quarter ending September 30, 2025. The Vancouver-based mining company continues to demonstrate its growth potential in the silver and precious metals market.

Key Financial Highlights

In the second quarter of fiscal 2026, Silvercorp reported robust revenue figures, totaling approximately $83.3 million, marking a 23% increase compared to the same period last year (Q2 Fiscal 2025). This significant leap in revenue is complemented by increases in production across several key metrics:

• - Silver production reached 1.7 million ounces, reflecting a slight increase of 0.2% from Q2 Fiscal 2025.
• - The company produced 1.84 million ounces of silver equivalent (including gold), representing a 5% increase compared to the previous year's figure of 1.75 million ounces.
• - Lead production also rose to 14.2 million pounds, which is an 8% increase year-over-year, while zinc production saw a decrease to 5.6 million pounds, down 3% from last year.

Operational Achievements

Silvercorp's exploration and development strategy has been vigorous, especially at various mine districts. The operational highlights include:

• - Significant exploration was carried out at the Ying Mining District and the GC Mine, with a total of 77,507 metres of drilling and 14,437 metres of exploration tunneling completed.
• - The ongoing construction of the Kuanping mine has progressed, with 831 metres of ramp development and 613 metres of exploration tunneling achieved.
• - Noteworthy advancement at the El Domo mine was reported, where approximately 1.29 million cubic metres of material has been removed, indicating a substantial increase of 249% relative to the previous quarter.

Additionally, Silvercorp has initiated a preliminary economic assessment study for the Condor Project, expected to be completed in Q3 of Fiscal 2026. This proactive approach signifies the company’s commitment to exploring new opportunities and enhancing its resource base.

Production Breakdown

The Ying Mining District

In the Ying Mining District, operations were robust:

• - The district processed 265,002 tonnes of ore, an increase of 26% compared to Q2 Fiscal 2025.
• - The production included approximately 1,529 thousand ounces of silver and 2,085 ounces of gold, leading to a combined production of 1,708 thousand ounces of silver equivalent. The lead output from this district was 12,928 thousand pounds, with a 6% increase
• - However, zinc production decreased by 21% due to the temporary closure of certain mining areas. Thankfully, these areas have reopened, allowing production to return to normal levels.

The GC Mine

In contrast, the GC Mine faced challenges in production:

• - It processed 76,249 tonnes of ore, marking a 12% decline year-over-year.
• - In terms of output, the mine produced 130 thousand ounces of silver, alongside 1,306 thousand pounds of lead, and 4,221 thousand pounds of zinc, indicating a slight decrease in silver but increases in lead and zinc production.
• - Operational interruptions were noted due to adverse weather conditions impacting the production schedule for around 10 days.

Looking Ahead

With the company's solid financial results and continued commitment to exploration and development, Silvercorp Metals is well-positioned for future growth. The release of their Q2 Fiscal 2026 unaudited interim financial results is expected after market close on November 6, 2025. As investors and stakeholders await further updates, Silvercorp’s strong performance serves as a testament to its operational efficiency and strategic vision in the mining sector.

As the company continues to navigate the complexities of the mining industry, including fluctuating commodity prices and regulatory environments, its focus remains on maximizing shareholder value while adhering to responsible mining practices. For more information, shareholders and interested parties can visit Silvercorp’s official website.