Silvercorp Metals Q2 Fiscal 2026 Financial Performance and Operations FAQ
TL;DR
Silvercorp Metals' 23% revenue growth and strong cash position of $382.3 million provides investors with competitive advantage in the precious metals market.
Silvercorp achieved Q2 revenue growth through sales of 1.66M oz silver, 2,033 oz gold, and significant lead/zinc production, with $15.8M spent on China operations and $10.9M on Ecuador development.
Silvercorp's commitment to responsible mining and ESG practices contributes to sustainable resource development while creating long-term value for communities and shareholders.
Silvercorp Metals drew $43.9 million from its $175.5 million stream financing to advance El Domo mine development in Ecuador while maintaining strong free cash flow.
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Silvercorp reported Q2 Fiscal 2026 revenue of $83.3 million, representing 23% year-over-year growth, with adjusted net income of $22.6 million ($0.10 per share), operating cash flow of $39.2 million, and free cash flow of $11.4 million.
The 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 ended the quarter with $382.3 million in cash and short-term investments and $180.2 million in equity holdings.
Capital spending included $15.8 million across China operations and $10.9 million in Ecuador for El Domo mine development.
Silvercorp recently drew $43.9 million from its $175.5 million stream financing with Wheaton Precious Metals International Ltd. for the El Domo mine development in Ecuador.
The company's strategy focuses on generating free cash flow from long life mines, organic growth through extensive drilling, ongoing merger and acquisition efforts, and long-term commitment to responsible mining and ESG.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with operations in China and developing the El Domo mine in Ecuador.
The latest news and updates relating to SVM are available in the company's newsroom at https://ibn.fm/SVM.
The adjusted net income of $22.6 million excludes non-cash and one-time items, providing a clearer picture of the company's ongoing operational performance.
Curated from InvestorBrandNetwork (IBN)
