Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has reported preliminary results for the first quarter of Fiscal 2026, showcasing a significant uptick in both revenue and production. The company's revenue saw a 13% increase year over year, reaching approximately $81.3 million, while silver production rose by 6% to 1.8 million ounces. Silver equivalent output also increased to 2.0 million ounces. Despite a 19% decrease in zinc production to 5.2 million pounds, lead output experienced a slight 1% climb to 15.7 million pounds.
The Ying Mining District was a key contributor to this performance, with a 28% increase in ore processed, which in turn boosted gold output by 79% to 2,050 ounces. Silvercorp Metals has also made strides in exploration and development across several sites, including ongoing drilling at Ying and GC, as well as ramp development at the newly launched Kuanping mine. The full financial results for Q1 are scheduled to be released after market close on August 7, 2025.
This announcement is crucial for investors and industry observers as it highlights Silvercorp Metals' operational efficiency and growth trajectory in the mining sector. The increase in production and revenue, particularly in silver and gold, underscores the company's ability to capitalize on its assets and exploration efforts. For more details, visit https://ibn.fm/8U3vK.
