Silvercorp Metals Reports 23% Revenue Growth and Strong Cash Flow in Q2 Fiscal 2026

Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported substantial financial performance for the second quarter of fiscal 2026, with revenue reaching $83.3 million representing a 23% increase compared to the same period last year. This revenue growth was driven by sales of 1.66 million ounces of silver, 2,033 ounces of gold, 14.75 million pounds of lead, and 5.67 million pounds of zinc. The company demonstrated strong profitability with adjusted net income rising to $22.6 million, or $0.10 per share, excluding non-cash and one-time items, highlighting the operational efficiency and cost management strategies implemented across its mining operations.

The company's cash flow performance was particularly noteworthy, with operating cash flow reaching $39.2 million and free cash flow totaling $11.4 million for the quarter. This strong cash generation capability positions Silvercorp Metals for continued investment in growth projects while maintaining financial stability. The company ended the quarter with substantial financial resources, including $382.3 million in cash and short-term investments and $180.2 million in equity holdings, providing significant flexibility for future strategic initiatives and potential market opportunities.

Capital expenditure during the quarter reflected the company's balanced approach to growth, with $15.8 million allocated across operations in China and $10.9 million invested in Ecuador for El Domo mine development. The El Domo project represents a significant growth opportunity for Silvercorp Metals, with the company recently drawing $43.9 million from its $175.5 million stream financing arrangement with Wheaton Precious Metals International Ltd. This substantial financial backing underscores the confidence in the project's potential and provides the necessary capital to advance development activities efficiently.

The company's performance demonstrates the successful execution of its strategic focus on generating free cash flow from long-life mines while pursuing organic growth through extensive drilling programs and ongoing merger and acquisition efforts. The combination of strong revenue growth, robust cash flow generation, and strategic capital allocation positions Silvercorp Metals for sustained value creation. Investors can access additional information through the company's official communications channels, including the detailed press release available at https://ibn.fm/NX6of and the corporate newsroom at https://ibn.fm/SVM.