Silvercorp Metals Reports Strong Q1 Fiscal 2026 Results with $18.1 Million Net Income

Silvercorp Metals Inc. reported net income of $18.1 million, or $0.08 per share, for the first quarter of Fiscal 2026, with revenue reaching $81.3 million. The revenue was generated from sales of 1.8 million ounces of silver, 1,951 ounces of gold, 15.2 million pounds of lead, and 5.2 million pounds of zinc. Production figures showed the company mined 1.8 million ounces of silver, 2,050 ounces of gold, 15.7 million pounds of lead, and 5.2 million pounds of zinc, totaling 2.0 million ounces of silver equivalent. The company maintained efficient operations with all-in sustaining costs of $13.49 per ounce of silver, net of by-product credits.

Adjusted net income stood at $21.0 million, or $0.10 per share, while EBITDA attributable to equity shareholders reached $33.8 million, or $0.15 per share. Operating cash flow was particularly strong at $48.3 million, contributing to $22.5 million in free cash flow. This financial performance demonstrates Silvercorp's ability to generate substantial cash from operations while maintaining cost discipline. The company's strategic investments during the quarter included $18.8 million in China operations and $5.4 million in Ecuador operations, alongside $2.7 million paid in dividends to shareholders.

Silvercorp ended the quarter with a robust financial position, holding $377.1 million in cash and cash equivalents and $72.2 million in equity investments. This substantial liquidity provides the company with significant flexibility for future growth initiatives and operational requirements. A major development during the quarter was the $175 million stream financing commitment from Wheaton Precious Metals International Ltd. for the El Domo project, which represents a significant vote of confidence in Silvercorp's growth prospects and project development capabilities. For more detailed information about Silvercorp's financial performance and strategic initiatives, visit https://ibn.fm/rubWN.

The combination of strong operational results, healthy cash generation, and strategic financing arrangements positions Silvercorp for continued growth and development in the precious metals sector. The company's ability to maintain low production costs while generating substantial free cash flow demonstrates operational excellence and financial discipline. The significant cash reserves and equity investments provide a strong foundation for future expansion and project development, particularly with the El Domo project receiving substantial financial backing through the stream financing arrangement with Wheaton Precious Metals International Ltd.