#Canada #Vancouver #Silvercorp Metals #mining #Fiscal 2026

Silvercorp Metals Inc. Financial Report

Silvercorp Metals Inc. has released its financial and operational results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported a substantial increase in adjusted net income, achieving $22.6 million, or $0.10 per share, demonstrating its ongoing commitment to financial robustness and operational efficiency.

Production Overview

During Q2 Fiscal 2026, Silvercorp produced approximately 1.66 million ounces of silver and 2,085 ounces of gold, translating to around 1.84 million ounces of silver equivalent. In addition, the output included 14.23 million pounds of lead and 5.64 million pounds of zinc. The total revenue reached $83.3 million, marking a notable 23% increase from the same period in the previous year. This revenue boost primarily resulted from a rise in silver and gold sales prices, attributed to the growing demand and favorable market conditions.

Financial Highlights

The adjusted EBITDA for the quarter stood at $38.3 million, or $0.18 per share, reflecting an increase in company efficiency and output as compared to $29.3 million or $0.14 per share in Q2 Fiscal 2025. Despite facing challenges leading to a net loss of $11.5 million (equivalent to $0.05 per share), due largely to a $53.2 million non-cash charge related to convertible notes, Silvercorp’s underlying performance indicators show resilience.

Cost Analysis

The all-in sustaining cost (AISC) per ounce of silver, net of by-product credits, rose to $13.94, a 19.6% increase from the previous year. This increase was driven by higher production costs and increased sustaining capital expenditures, highlighting the company's investment in future growth. However, cash flow from operations was notably strong at $39.2 million, showcasing Silvercorp's ability to generate liquidity.

Growth Initiatives and Future Projects

The company has committed to investing $15.8 million into exploration, development, and equipment upgrades at its China operations, alongside $10.9 million allocated to the El Domo mine project in Ecuador. This strategic investment is significant as it lays the groundwork for future operational growth and profitability, even amidst fluctuating market conditions.

Silvercorp closed the quarter with cash and equivalents totaling $382.3 million, a modest increase from the previous quarter. This strong cash position enables the company to pursue strategic investments and navigate challenges in the mining sector.

Conclusion

Silvercorp Metals Inc. continues to demonstrate strong operational performance and financial health, underpinned by its focus on sustainable mining practices and profitability. The upcoming conference call on November 7, 2025, will further detail these results and provide insights into the company's strategic outlook. With a solid track record and proactive management strategies, Silvercorp positions itself favorably for future growth in a competitive market.

For additional information regarding Silvercorp’s performance, please refer to their website and join the conversation during the upcoming conference.