Earnings ·
Silvercorp Metals reported Q1 Fiscal 2027 results with adjusted net income of $53.9 million ($0.24 per share) and…
SVMSilvercorp Metals Inc
Silvercorp Metals reported Q1 Fiscal 2027 results with adjusted net income of $53.9 million ($0.24 per share) and revenue of $138.7 million, a 70% increase driven by a 135% rise in the average realized silver price to $69.38 per ounce. The company produced approximately 1.5 million ounces of silver equivalent and generated $61.7 million in operating cash flow. Operations at the Ying Mining District and GC Mine were voluntarily suspended starting mid-to-late June for safety compliance upgrades, which are expected to reduce Q2 production by 40% to 50%. Capital expenditures totaled $37.7 million, including $12.9 million for the El Domo mine in Ecuador and a $60.0 million payment for the Chaarat ZAAV acquisition. Silvercorp Metals Inc. is a Canadian mining company that produces silver, gold, lead, and zinc.