Quarterly UpdatesJul 16, 2026, 06:06 AM
Silvercorp Q1 Fiscal 2027 Revenue Up 70% to $138.7M; Production Mixed
AI Summary
Silvercorp Metals Inc. reported its Q1 Fiscal 2027 operational results, with revenue significantly increasing by 70% to $138.7 million. However, metals production was mixed, with silver, lead, and zinc production decreasing by 17%, 15%, and 15% respectively, primarily due to a voluntary suspension of operations in June for safety upgrades. Gold production saw a 24% increase. The company also provided updates on ongoing exploration and development projects, including the Kuanping, El Domo, and Chaarat ZAAV mines, which are progressing as planned. The full financial results are anticipated on August 10, 2026.
Key Highlights
- Q1 Fiscal 2027 Revenue: $138.7 million, a 70% increase YoY.
- Silver production: 1.5 million ounces, down 17% YoY.
- Gold production: 2,536 ounces, up 24% YoY.
- Lead production: 13.4 million pounds, down 15% YoY.
- Zinc production: 4.4 million pounds, down 15% YoY.
- Voluntary operations suspension in June for safety upgrades impacted production.
- El Domo mine construction advanced, targeting July 2027 commissioning.
- Chaarat ZAAV project progressing, bankable feasibility study due late July 2026.
- Q1 Fiscal 2027 unaudited interim financial results expected on August 10, 2026.
Price Impact
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