Quarterly ResultAug 12, 2026, 06:07 AM
Silvercorp Metals Q1 FY27 Adjusted Net Income $53.9M, EPS $0.24
AI Summary
Silvercorp Metals Inc. reported strong financial results for Q1 Fiscal 2027, with adjusted net income of $53.9 million ($0.24 per share) and cash flow from operating activities of $61.7 million. Revenue increased by 70% to $138.7 million, primarily due to a 135% higher average realized silver price. The company also announced proactive, temporary suspensions of operations at its Ying Mining District and GC Mine for safety upgrades, which are expected to impact Q2 production. Capital expenditures for growth projects, including El Domo and Chaarat ZAAV, totaled $37.7 million.
Key Highlights
- Adjusted net income attributable to equity shareholders was $53.9 million, or $0.24 per share, up 156% from Q1 Fiscal 2026.
- Revenue reached $138.7 million, a 70% increase over Q1 Fiscal 2026, driven by a 135% higher average realized silver price.
- Cash flow from operating activities was $61.7 million, up 28% compared to Q1 Fiscal 2026.
- Produced approximately 1.5 million ounces of silver and 2,536 ounces of gold.
- All-in sustaining cost per ounce of silver increased 36% to $18.38, mainly due to higher government taxes.
- Voluntarily suspended operations at Ying Mining District and GC Mine for safety upgrades, impacting Q2 production by 40-50%.
- Total capital expenditures were $37.7 million, up 56%, including $12.9 million for El Domo development.
- Ended the period with cash and cash equivalents and short-term investments of $387.1 million.
Price Impact
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