Silvercorp Metals Inc. Reports Strong Q1 Fiscal 2026 Financial Results
TL;DR
Silvercorp Metals reported strong Q1 Fiscal 2026 results with $81.3 million revenue, showcasing its competitive edge in silver, gold, lead, and zinc production.
Silvercorp Metals achieved Q1 Fiscal 2026 production of 1.8 million oz silver and 2,050 oz gold, with an all-in sustaining cost of $13.49 per oz silver.
Silvercorp Metals' responsible mining and ESG commitment contributes to sustainable resource development, enhancing global mining standards for a better tomorrow.
Discover how Silvercorp Metals generated $48.3 million in operating cash flow and invested $18.8 million in China operations during Q1 Fiscal 2026.
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Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has reported impressive financial results for the first quarter of Fiscal 2026, with a net income of $18.1 million on revenue of $81.3 million. The revenue was generated from the sale of 1.8 million ounces of silver, 1,951 ounces of gold, 15.2 million pounds of lead, and 5.2 million pounds of zinc. The company's production figures were equally robust, with 1.8 million ounces of silver, 2,050 ounces of gold, 15.7 million pounds of lead, and 5.2 million pounds of zinc produced, totaling 2.0 million ounces of silver equivalent.
The all-in sustaining cost was reported at $13.49 per ounce of silver, net of by-product credits. Adjusted net income stood at $21.0 million, or $0.10 per share, with EBITDA attributable to equity shareholders reaching $33.8 million, or $0.15 per share. Operating cash flow was a significant $48.3 million, leading to $22.5 million in free cash flow. These figures underscore Silvercorp's strong operational efficiency and financial management.
During the quarter, Silvercorp invested $18.8 million in its China operations and $5.4 million in Ecuador operations, demonstrating its commitment to expanding and enhancing its mining activities. The company also paid $2.7 million in dividends, rewarding its shareholders. Silvercorp ended the quarter with a strong financial position, holding $377.1 million in cash and equivalents and $72.2 million in equity investments. Additionally, the company secured a $175 million stream financing commitment from Wheaton Precious Metals International Ltd. for the El Domo project, further solidifying its financial foundation for future growth.
For more detailed information, the full press release can be viewed here. Silvercorp's strategy focuses on generating free cash flow from long-life mines, organic growth through extensive drilling, merger and acquisition efforts to unlock value, and a long-term commitment to responsible mining and ESG principles. This approach has positioned Silvercorp as a leading player in the mining sector, with a clear path to sustained profitability and growth.
Curated from InvestorBrandNetwork (IBN)
