Silvercorp reported a solid quarter with significant revenue growth and a strong cash position. However, challenges such as decreased production of certain metals, increased costs, and legal uncertainties in Ecuador balance the achievements.

Company Guidance

During the Silvercorp Q2 2025 earnings call, Lon Shaver provided guidance highlighting several key financial and operational metrics. The company achieved near-record quarterly revenue of $68 million, marking a 26% increase from the previous year, primarily driven by rising commodity prices, with silver prices up 34% and zinc up 43%. Silver was the largest revenue contributor at 64%, followed by lead at 20%. Net income rose to $18 million or $0.09 per share, compared to $11 million or $0.06 per share in the prior year. Operating cash flow was $23 million, down $6 million year-over-year due to increased tax payments and noncash working capital changes. Capital expenditures reached $28 million, up 86% from the previous year, focusing on mine development and expansion projects. The company maintained a strong cash position of $210 million. Production costs averaged $82 per tonne, while the cash cost per ounce of silver was negative $0.74, with an all-in sustaining cost per ounce of silver at $11.65. Silvercorp reaffirmed its annual production guidance, supported by a 129,000-tonne ore stockpile ready for processing at their expanded milling facility. Additionally, the company detailed ongoing projects in Ecuador and anticipated further developments in mine construction and resource evaluation.

Near Record Quarterly Revenue

Silvercorp achieved a near record quarterly revenue of $68 million, marking a 26% increase from the previous year's quarter. The growth was driven by improvements in realized metals prices, with silver up by 34%, gold by 20%, lead by 15%, and zinc by 43%.

Strong Cash Position and Investments

Despite increased capital expenditures, Silvercorp ended the quarter with a strong cash position of $210 million. Investments included $28 million in mines and projects, an 86% increase from last year.

Production and Operational Achievements

Silvercorp mined 361,000 tonnes and milled 209,000 tonnes of ore, with year-over-year increases of 32% and 14%, respectively. Production of silver and zinc increased by 4% and 26%, respectively.

Ying Mill Expansion and Tailings Facility Completion

The Ying mill capacity expansion was completed on time and on budget, increasing production capacity to 4,000 tonnes per day. Additionally, construction of Phase 1 of the third tailings facility at Ying is substantially complete and commissioning is underway.

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Silvercorp Metals (TSE:SVM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:SVM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 09, 2018	2019 (Q1)	- / 0.09	0.086	0.00% (0.00)	―	―
Nov 07, 2018	2019 (Q2)	- / 0.07	0.101	-28.57% (-0.03)	―	―
Feb 14, 2019	2019 (Q3)	- / 0.07	0.101	-28.57% (-0.03)	―	―
May 23, 2019	2019 (Q4)	- / 0.10	0.101	0.00% (0.00)	―	―
Aug 08, 2019	2020 (Q1)	- / 0.10	0.086	16.67% (+0.01)	―	―
Nov 07, 2019	2020 (Q2)	- / 0.10	0.072	40.00% (+0.03)	―	―
Feb 06, 2020	2020 (Q3)	- / 0.06	0.072	-20.00% (-0.01)	―	―
May 21, 2020	2020 (Q4)	- / 0.03	0.101	-71.43% (-0.07)	―	―
Aug 06, 2020	2021 (Q1)	- / 0.13	0.101	28.57% (+0.03)	―	―
Nov 05, 2020	2021 (Q2)	- / 0.13	0.101	28.57% (+0.03)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:SVM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	C$6.37	C$5.71	-10.32%
Aug 13, 2024	C$4.36	C$4.68	+7.31%
May 23, 2024	C$5.24	C$5.54	+5.68%
Feb 08, 2024	C$3.03	C$3.18	+4.92%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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