Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has reported a net income of $18.1 million on revenue of $81.3 million for the first quarter of Fiscal 2026, showcasing its resilience and operational efficiency in the competitive mining industry. The company's revenue was 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, reflecting its diversified portfolio and ability to capitalize on market demands.
The production figures for the quarter were equally impressive, with Silvercorp producing 1.8 million ounces of silver, 2,050 ounces of gold, 15.7 million pounds of lead, and 5.2 million pounds of zinc. This production translated to 2.0 million ounces of silver equivalent, achieved at an all-in sustaining cost of $13.49 per ounce of silver, net of by-product credits. Such metrics not only demonstrate the company's cost-effectiveness but also its strategic focus on maximizing value from its operations.
Adjusted net income stood at $21.0 million, or $0.10 per share, with EBITDA attributable to equity shareholders reaching $33.8 million, or $0.15 per share. The company's strong financial health was further evidenced by operating cash flow of $48.3 million and free cash flow generation of $22.5 million. These figures underscore Silvercorp's ability to generate significant cash flows, enabling it to invest in growth initiatives and return value to shareholders.
During the quarter, Silvercorp invested $18.8 million in its China operations and $5.4 million in Ecuador, alongside paying $2.7 million in dividends. The company's solid financial position is highlighted by its $377.1 million in cash and equivalents and $72.2 million in equity investments at the end of the period. Additionally, a $175 million stream financing commitment from Wheaton Precious Metals International Ltd. for the El Domo project signals confidence in Silvercorp's growth prospects.
This performance is a testament to Silvercorp's strategic focus on generating free cash flow from long-life mines, organic growth through discovery, and a commitment to responsible mining and ESG principles. For more details on Silvercorp's Q1 Fiscal 2026 results, visit https://ibn.fm/rubWN.
