Silvercorp Metals Reports Second-Highest Revenue in Company History Driven by Strong Precious Metals Production

Silvercorp Metals Inc. (NYSE American/TSX: SVM) reported a substantial revenue increase during its most recent financial quarter ended September 30, marking the second-highest year-over-year revenue in the company's 18-year history. The Canadian precious metals miner achieved this performance through strong production from its Ying Mining District in China, coupled with favorable market prices for gold and silver. The company sold approximately 1.66 million ounces of silver, 2,033 ounces of gold, 14.75 million pounds of lead, and 5.67 million pounds of zinc during the quarter, resulting in a 23% year-over-year revenue increase to $83.3 million.

While gold sales showed impressive growth with a 64% year-over-year increase, silver remained the primary revenue driver, accounting for 67% of the quarterly revenue. The company anticipates further production growth, expecting a sharp increase in the amount of ore mined at Ying during the current quarter from 265,000 metric tons to approximately 346,000 metric tons. This projected increase represents significant operational expansion and demonstrates the company's ability to scale production in response to market conditions.

Beyond its Chinese operations, Silvercorp made substantial progress at its El Domo project in Ecuador, where construction activities advanced significantly. The company reported that material cut for site preparation, roads, and channel construction increased by 249%, indicating rapid development of this strategic asset. This expansion in Ecuador represents an important diversification of the company's geographic footprint and production capabilities. For more detailed information about the company's operations and financial performance, visit https://silvercorpmetals.com/welcome.

The strong quarterly performance reflects the broader trend in precious metals markets, where both gold and silver have maintained elevated price levels. Silvercorp's ability to capitalize on these market conditions while simultaneously expanding production capacity positions the company for continued growth. The combination of established operations in China and developing projects in Ecuador provides a balanced portfolio that mitigates geographic risk while offering multiple avenues for revenue generation. The company's operational achievements during the quarter demonstrate its technical expertise in mining and processing precious metals efficiently.