Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has demonstrated significant financial and operational success in the first quarter of Fiscal 2026, with a reported net income of $18.1 million, or $0.08 per share, on revenue of $81.3 million. This revenue was primarily generated from the sale of 1.8 million ounces of silver, 1,951 ounces of gold, 15.2 million pounds of lead, and 5.2 million pounds of zinc. The company's production capabilities were equally notable, with 1.8 million ounces of silver, 2,050 ounces of gold, 15.7 million pounds of lead, and 5.2 million pounds of zinc produced, amounting to 2.0 million ounces of silver equivalent.
The financial metrics further highlight Silvercorp's efficiency and profitability, with an all-in sustaining cost of $13.49 per ounce of silver, net of by-product credits. Adjusted net income was reported at $21.0 million, or $0.10 per share, while EBITDA attributable to equity shareholders reached $33.8 million, or $0.15 per share. A standout figure was the operating cash flow of $48.3 million, contributing to a free cash flow of $22.5 million, underscoring the company's strong cash generation capabilities.
Strategic investments during the quarter included $18.8 million in China operations and $5.4 million in Ecuador operations, alongside $2.7 million paid in dividends. These investments reflect Silvercorp's commitment to growth and operational expansion. The company's financial position remains robust, with $377.1 million in cash and equivalents and $72.2 million in equity investments. A notable development was the $175 million stream financing commitment from Wheaton Precious Metals International Ltd. for the El Domo project, signaling confidence in Silvercorp's growth trajectory and future prospects.
For more information on Silvercorp's financial performance and strategic initiatives, visit https://ibn.fm/rubWN.
