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Silvercorp's Surge in Production and Revenue in Q3 Fiscal 2026

On January 15, 2026, Silvercorp Metals Inc., a prominent mining company focused on silver, gold, lead, and zinc, announced its operational and financial highlights for the third quarter of fiscal 2026, which ended on December 31, 2025. The results reflect a dynamic period for the company, showcasing significant year-on-year improvements despite some production challenges.

Record Revenue and Production Overview

Silvercorp reported an impressive revenue of approximately $126.1 million for Q3 Fiscal 2026, marking a considerable increase of 51% compared to the same quarter in the previous year. This surge in revenue underscores Silvercorp's robust business model and its ability to capitalize on favorable market conditions.

The company's silver production totaled 1.9 million ounces, representing a slight decline of 4% from Q3 Fiscal 2025. In terms of silver equivalent production, which includes both silver and gold, totals reached 2.0 million ounces, down by 5% from the prior year. Lead and zinc production exhibited contrasting trends: lead output decreased 4% to 16.4 million pounds, while zinc production rose 5% to 7.0 million pounds.

Despite lower production levels of silver and lead, Silvercorp's commitment to operational efficiency allows it to maintain profitability within a competitive market. Additionally, the company is proactively stockpiling ore, preparing for processing during the upcoming Chinese New Year, which is indicative of its strategic planning and foresight.

Detailed Operational Insights

In terms of specific mining operations, the Ying Mining District processed 328,425 tonnes of ore, reflecting a remarkable increase of 18% over Q3 Fiscal 2025. This significant ore processing capability resulted in the production of approximately 1.7 million ounces of silver, alongside increases in gold and minor declines in lead and zinc production when assessed against the previous year.

The GC Mine also made notable contributions, processing 87,095 tonnes of ore and achieving a 4% increase in ore processing compared to the same quarter last year. Here, the production of zinc surged by 15%, contrasting with a decline in silver and lead outputs.

This quarter saw considerable activity in exploration as well, with a total of 89,208 meters of drilling and 22,271 meters of exploration tunneling completed across their mining districts. The ongoing construction at the Kuanping mine is also advancing, with significant progress made in ramp development.

Future Outlook

Looking ahead, Silvercorp is poised to release its unaudited interim financial results for Q3 Fiscal 2026 on February 9, 2026. The proactive measures taken by the company, including exploration drilling and future mine developments, are expected to reinforce its growth trajectory.

Silvercorp's solid fundamentals, combined with its strategic operational decisions, suggest a strong pathway to continued success in the mining sector. The company operates with a firm commitment to generating shareholder value while maintaining a focus on responsible mining practices and an environmental, social, and governance (ESG) approach.

In conclusion, even in light of certain production declines, Silvercorp Metals Inc. remains a formidable player in the market, demonstrating resilience and strategic foresight as it navigates the challenges and opportunities within the mining industry.