Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported preliminary production and sales results for its second quarter ended Sept. 30, 2026, including revenue of $72.1 million, down 13% year over year. The company, which is featured on Silvercorp Metals, also provided an operational update on its mining projects.
At the Ying Mining District, the company processed 213,320 tonnes of ore, producing 0.9 million ounces of silver, 1,371 ounces of gold, 7.6 million pounds of lead and 0.7 million pounds of zinc. Silver production declined 41% year over year, consistent with previously disclosed expectations, while higher realized silver and gold prices partially offset lower production. Operations at Ying resumed following substantial completion of safety improvements, reaching a 90% operating rate by quarter-end. However, the GC Mine remained suspended pending regulatory approval and additional work.
Construction of the No. 3 mill at Ying remained on track, while development continued at the Kuanping mine and Chaarat ZAAV project. At the El Domo mine in Ecuador, unusually heavy rainfall disrupted construction, particularly work on the tailings storage facility, although process plant construction continued to advance. Silvercorp expects to release its unaudited second-quarter financial results after market close on Nov. 5, 2026. For a full press release, visit https://ibn.fm/iMmtx.
The revenue decline underscores the impact of lower silver production at Ying, but the resumption of operations and higher metal prices provide some offset. Investors will be watching the company's ability to ramp up production and manage costs amid operational challenges. The suspension at GC Mine and weather-related delays at El Domo could affect future output, but ongoing development projects position Silvercorp for potential growth.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The company's strategy focuses on generating free cash flow from long-life mines, organic growth through drilling, merger and acquisition efforts, and responsible mining. The latest news and updates relating to SVM are available in the company's newsroom at https://ibn.fm/SVM.
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