Earnings ·
Silvercorp Metals Inc. reported first-quarter fiscal 2027 results with revenue of $138.7 million, a 70% increase from…
SVMSilvercorp Metals Inc
Silvercorp Metals Inc. reported first-quarter fiscal 2027 results with revenue of $138.7 million, a 70% increase from the prior year period, driven by a 135% rise in average realized silver prices to $69.4 per ounce. Net income attributable to equity holders reached $59.4 million, or $0.27 per share, compared to $18.1 million in the previous year. The company produced approximately 1.5 million ounces of silver and 2,536 ounces of gold. Cash costs per ounce of silver rose to $1.33 from $1.11, while all-in sustaining costs increased to $18.38 due to higher government taxes linked to revenue growth. Operations at the Ying Mining District and GC Mine in China were voluntarily suspended mid-June for safety system upgrades compliant with new Chinese regulations, expected to reduce Q2 production by 40% to 50%. The company also advanced construction at its El Domo project in Ecuador and Chaarat ZAAV projects in Kyrgyzstan. Silvercorp Metals Inc. is a Canadian mining company engaged in the acquisition, exploration, development, and mining of silver, gold, lead, zinc, and other mineral properties primarily in China, Ecuador, and Kyrgyzstan.