Earnings ·
Silvercorp reports Q2 adjusted net income of $18.4M, or $0.08 per share
SVMSilvercorp Metals Inc
Silvercorp Metals Inc. reported adjusted net income attributable to equity shareholders of $18.4 million, or $0.08 per share, for the quarter ended September 30, 2026. Revenue decreased 13% to $72.1 million due to lower production at the Ying Mining District caused by major safety improvement works required by new government regulations. The company produced approximately 0.9 million ounces of silver and 1,371 ounces of gold. Cash flow from operating activities rose 60% to $62.7 million, supported by higher realized metal prices and a draw-down from Wheaton Precious Metals. Mining operations at the GC Mine remain suspended pending regulatory approvals for an updated mine design, with production resumption targeted for November 2027. Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc.