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Silvercorp Metals Inc (SVM)
:SVM
Earnings Data
Report Date
May 21, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.19Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and financial performance driven largely by higher realized silver prices, record revenue (+51%), and exceptional cash generation (operating cash flow +196%, free cash flow +336%). Operational productivity gains at Ying, lower unit costs, expanding permitted capacity, progress at El Domo and Kuanping, a constructive PEA and permitting progress at Condor, and a strategic gold acquisition all support a growth and diversification narrative. Offsetting these positives were a reported net loss driven by a $60M noncash derivative charge, lower head grades and some metal-specific weakness (zinc −6% YTD), guidance uncertainty with potential to track at the lower end, and increased near-term cash deployment (streaming draw and Kyrgyzstan payment) that inflate operating cash metrics and raise financing considerations. On balance the positives materially outweigh the negatives.Company Guidance
Record Revenue and Strong Cash Generation
Revenue of $126 million, up 51% year-over-year; cash flow from operating activities $133 million, up 196% YoY; free cash flow $90 million, up 336% YoY.
Adjusted Net Income Growth
Adjusted net income of $47.9 million ($0.22 per share) versus $22 million ($0.10 per share) in the prior-year quarter, an increase of 118% after removing noncash and one-time items.
Realized Silver Price Tailwind
Realized silver selling price increased ~80%, contributing roughly an additional $49 per ounce after smelter deductions; silver accounted for 72% of revenue in Q3.
Record Operational Productivity at Ying
Tonnes mined and milled at Ying increased 23% and 18% respectively versus Q3 2025, driving record productivity; Q3 production costs at Ying averaged $76/tonne, down 11% YoY and below year-to-date average of $80/tonne (below annual guidance of $87–$88/tonne).
Very Low Cash Costs and AISC
Ying cash cost per ounce of silver net of by-product credits was negative $1.22 in Q3 (versus negative $0.30 prior year); Q3 all-in sustaining cost (AISC) per ounce net of by-products was $11.32, supporting strong margins at higher silver prices.
Strong Consolidated Mining Income and Balance Sheet
Consolidated mining income was $77.1 million in Q3, with Ying contributing $71.6 million (93%); cash balance ended the quarter at $463 million, an increase of over $80 million since September 30.
Progress on Growth and Construction Projects
El Domo construction: ~1.1M m3 moved and 46% of earthmoving for Construction Package 1 completed; commissioned 600-bed construction camp; $45 million spent (16% of $284M updated budget). Kuanping development: >3 km ramp and 693 m exploration tunnelling completed; expected to deliver development ore starting June.
Permitting and Capacity Expansion at Ying
Multiple permit renewals and expansions (SGX to 500k tpa, HPG to 120k tpa, DCG to 100k tpa); pending TLP LM increase would bring Ying total permitted capacity to 1.32 million tpa and 1.52 million tpa including Kuanping.
Strategic Diversification and Asset Value
Acquisition of 70% interest in Tulkubash and Kyzyltash gold projects in Kyrgyzstan (total purchase $162M, $92M paid at closing) adds gold exposure; investments in associates valued at $233M on Dec 31 and recently near $260M.
Condor Gold Project De-risking
PEA completed for Condor underground gold project showing long-life, low-cost economics at $2,600/oz base case; environmental impact study approved and water permits secured; community consultations underway.
SVM Earnings History
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
SVM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 09, 2026 | $10.41 | $10.78 | +3.55% |
Nov 06, 2025 | $6.16 | $6.28 | +1.95% |
Aug 11, 2025 | $4.42 | $4.51 | +2.04% |
May 22, 2025 | $3.85 | $3.69 | -4.15% |
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.
FAQ
When does Silvercorp Metals Inc (SVM) report earnings?
Silvercorp Metals Inc (SVM) is schdueled to report earning on May 21, 2026, After Close (Confirmed).
What is Silvercorp Metals Inc (SVM) earnings time?
Silvercorp Metals Inc (SVM) earnings time is at May 21, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SVM EPS forecast?
SVM EPS forecast for the fiscal quarter 2026 (Q4) is 0.19.
