Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has revealed preliminary results for the first quarter of Fiscal 2026, indicating a notable increase in production and revenue. The company reported a 13% year-over-year revenue growth to approximately $81.3 million, alongside a 6% rise in silver production to 1.8 million ounces. The Ying Mining District played a pivotal role in this achievement, with a 28% increase in processed ore and a significant 79% jump in gold output to 2,050 ounces.
While zinc production experienced a 19% decline to 5.2 million pounds, lead output saw a modest 1% increase, reaching 15.7 million pounds. Additionally, silver equivalent output grew to 2.0 million ounces. The company has also made progress in exploration and development, with ongoing drilling activities at Ying and GC, and ramp development at the Kuanping mine, which has recently commenced operations.
Stakeholders are anticipating the full financial results for Q1, set to be disclosed after the market closes on August 7, 2025. These preliminary figures not only demonstrate Silvercorp's operational prowess and upward growth trend but also its capacity for long-term profitability within the mining industry. For further information, visit https://ibn.fm/8U3vK.
