Silvercorp Metals Reports Q1 Fiscal 2026 Earnings

Silvercorp Metals ( (SVM) ) has released its Q1 earnings. Here is a breakdown of the information Silvercorp Metals presented to its investors.

Silvercorp Metals Inc. is a Canadian mining company engaged in the production of silver, gold, lead, and zinc, known for its profitability and growth potential in the mining industry.

In its latest earnings report for Q1 Fiscal 2026, Silvercorp Metals reported an adjusted net income of $21.0 million, or $0.10 per share, alongside a cash flow from operating activities of $48.3 million.

The company produced approximately 1.8 million ounces of silver, 2,050 ounces of gold, and significant quantities of lead and zinc, resulting in a revenue of $81.3 million, a 13% increase from the previous year. Despite a 17% decrease in net income attributable to equity shareholders, the adjusted net income saw a slight increase. Additionally, the company ended the period with $377.1 million in cash and cash equivalents, marking a $8.1 million increase from the previous quarter.

Silvercorp’s operational costs saw an increase, with the all-in sustaining cost per ounce of silver rising by 37% compared to the previous year. The company also reported capital expenditures of $24.2 million, reflecting a 23% increase as it continues to invest in exploration and development projects.

Looking ahead, Silvercorp Metals remains committed to generating shareholder value through free cash flow, organic growth, and responsible mining practices, despite facing challenges such as increased operational costs and a recent safety incident at one of its mines.