Silvercorp Metals Reports Strong Q2 Fiscal 2026 Results with 23% Revenue Growth and Robust Cash Flow

Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) announced impressive second quarter fiscal 2026 financial results, reporting revenue of $83.3 million, representing a 23% increase compared to the same period last year. This substantial revenue growth was driven by the sale 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, demonstrating the company's diversified mineral production portfolio and operational efficiency across its mining assets.

The company's financial performance extended beyond top-line growth, with adjusted net income reaching $22.6 million, or $0.10 per share, excluding non-cash and one-time items. This adjusted profitability metric provides investors with a clearer picture of the company's core operational performance and sustainable earnings potential. Silvercorp's cash flow generation proved particularly robust, with operating cash flow reaching $39.2 million and free cash flow totaling $11.4 million for the quarter, indicating strong operational efficiency and the company's ability to generate surplus cash after covering capital expenditures.

Silvercorp's financial position remains solid, with the company ending the quarter with $382.3 million in cash and short-term investments, complemented by $180.2 million in equity holdings. This substantial liquidity position provides the company with significant financial flexibility to pursue strategic initiatives, weather potential market volatility, and capitalize on growth opportunities. The company's capital deployment strategy included $15.8 million in capital spending across its China operations and $10.9 million in Ecuador for El Domo mine development, reflecting Silvercorp's balanced approach to maintaining existing operations while advancing new projects.

The development of the El Domo mine in Ecuador represents a significant strategic initiative for Silvercorp, with the company recently drawing $43.9 million from its $175.5 million stream financing arrangement with Wheaton Precious Metals International Ltd. This financing structure, accessible through https://ibn.fm/NX6of, provides Silvercorp with non-dilutive capital to advance the El Domo project while maintaining exposure to future metal price appreciation. The streaming agreement demonstrates confidence in the project's potential and provides Silvercorp with additional financial resources to accelerate development timelines.

For investors and industry observers seeking comprehensive information about Silvercorp's performance and strategic direction, additional details are available in the company's newsroom at https://ibn.fm/SVM. The company's consistent performance and strategic capital allocation highlight its position as a financially disciplined mining company with a focus on generating sustainable free cash flow from long-life mining operations while pursuing organic growth through exploration and strategic development projects.