Silvercorp Reports Operational Results and Financial Results Release Date for the First Quarter, Fiscal 2026 | SVM Stock News

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3 days ago
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  • Silvercorp Metals Inc., trading under the ticker SVM, reports a 13% year-over-year revenue increase for Q1 Fiscal 2026.
  • Silver production increased by 6% to 1.8 million ounces, while zinc production decreased by 19% to 5.2 million pounds.
  • Ying Mining District showed a 28% increase in ore processing contributing to growth in silver, gold, and lead production.

Silvercorp Metals Inc. (SVM, Financial) has announced its operational results for the first quarter of Fiscal 2026, demonstrating a remarkable revenue increase of 13% compared to the same period last year, reaching $81.3 million. This growth is attributed to a significant rise in silver production, which expanded by 6% to 1.8 million ounces.

The company's robust performance at the Ying Mining District was highlighted by a 28% increase in ore processing, resulting in a 7% boost in silver production, a 79% increase in gold production, and a 4% rise in lead production. However, zinc production at Ying decreased by 25%, indicating a strategic shift towards higher silver and lead yields.

Contrastingly, the GC Mine reported a 13% decline in ore processing, with production downturns across all metals—5% in silver, 26% in lead, and 15% in zinc—compared to the previous year's first quarter. Despite these challenges, Silvercorp continued its active exploration efforts, completing 81,425 meters of drilling and 19,950 meters of tunneling, underscoring its commitment to resource expansion.

The company is advancing construction on its El Domo and Kuanping mine projects, which is part of its broader strategy to expand its operational capabilities and enhance shareholder value. Silvercorp is set to release its Q1 Fiscal 2026 unaudited interim financial results on August 7, 2025, post market close, offering further insights into its financial and operational performance for the quarter.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.