Silvercorp Metals Inc. reported preliminary results for the first quarter of Fiscal 2026, demonstrating substantial improvements in production and financial performance. The company achieved a 13% year-over-year revenue increase, reaching approximately $81.3 million, while silver production rose by 6% to 1.8 million ounces. These figures indicate strong operational momentum as Silvercorp continues to expand its mining activities across key projects.
The Ying Mining District emerged as a primary driver of this positive performance, with a 28% increase in ore processed and a remarkable 79% surge in gold output to 2,050 ounces. This significant growth at Ying underscores the district's importance to Silvercorp's overall production strategy and its potential for continued expansion. Despite these gains, the company experienced a 19% decrease in zinc production to 5.2 million pounds, though this was partially offset by a 1% growth in lead output, which totaled 15.7 million pounds.
Silver equivalent output also showed positive movement, climbing to 2.0 million ounces, reflecting the company's diversified metal portfolio and operational efficiency. Exploration and development activities have progressed steadily across multiple sites, including ongoing drilling operations at both Ying and GC properties. Additionally, ramp development continues at the newly operational Kuanping mine, indicating Silvercorp's commitment to expanding its production capacity and resource base.
Investors and stakeholders are anticipating the full financial results for the first quarter, scheduled for release after market close on August 7, 2025. These preliminary results not only highlight Silvercorp's operational efficiency and growth trajectory but also underscore its potential for sustained profitability in the competitive mining sector. For additional information about these developments, visit https://ibn.fm/8U3vK.
