Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported record financial results for fiscal 2026, with revenue reaching $438.1 million, a 47% increase from the prior year. The company attributed the surge to a 72% jump in realized silver prices, which allowed it to capitalize on the favorable commodity environment while maintaining cost discipline. The record revenue underscores the company's ability to generate substantial cash flow, with operating cash flow totaling $310.6 million and free cash flow reaching $181.3 million for the fiscal year.
In the fourth quarter, Silvercorp posted record quarterly revenue of $147.4 million, up 96% compared to the same period last year. Adjusted EBITDA attributable to equity shareholders amounted to $98.1 million, reflecting the company's strong operational leverage. The robust performance highlights the effectiveness of Silvercorp's strategy, which focuses on generating free cash flow from long-life mines, organic growth through extensive drilling, and opportunistic mergers and acquisitions.
Silvercorp ended the fiscal year with $422.3 million in cash and short-term investments, providing a solid foundation for its growth initiatives. The company is advancing development of the El Domo mine in Ecuador and recently completed the acquisition of a 70% interest in the ZAAV project in Kyrgyzstan. These projects are expected to contribute to future production and geographical diversification, reducing reliance on any single asset. The company's strong balance sheet positions it well to fund these developments without compromising financial flexibility.
Beyond financial metrics, Silvercorp highlighted continued progress in environmental, social, and governance (ESG) areas. The company achieved an improved MSCI ESG rating of AA, reflecting its commitment to responsible mining practices. This rating is increasingly important to investors and stakeholders who prioritize sustainability. Silvercorp's focus on ESG aligns with its long-term commitment to responsible mining, which is integral to its operational strategy.
The record financial results demonstrate the effectiveness of Silvercorp's approach in a favorable commodity price environment. By maintaining cost discipline and investing in growth projects, the company is poised to benefit from strong silver demand. For the full press release, visit https://ibn.fm/c6tdR. More information about Silvercorp is available in the company's newsroom at https://ibn.fm/SVM.
