Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) announced preliminary production and sales results for its second quarter ended Sept. 30, 2026, reporting revenue of $72.1 million, a 13% decrease compared to the same period last year. The company, which is featured on Silvercorp Metals and covered by Silvercorp Metals (TSX: SVM) (NYSE American: SVM), provided the update alongside operational details for its mines in China and Ecuador.
At the Ying Mining District, the company processed 213,320 tonnes of ore, producing 0.9 million ounces of silver, 1,371 ounces of gold, 7.6 million pounds of lead, and 0.7 million pounds of zinc. Silver production fell 41% year over year, which the company said was consistent with previously disclosed expectations. Higher realized silver and gold prices partially offset the impact of lower production volumes. Operations at Ying resumed following the substantial completion of safety improvements, reaching a 90% operating rate by quarter-end. Meanwhile, the GC Mine remained suspended pending regulatory approval and additional work.
The mixed results come as Silvercorp continues to advance several growth projects. Construction of the No. 3 mill at Ying remained on track, and development continued at the Kuanping mine and the Chaarat ZAAV project. At the El Domo mine in Ecuador, unusually heavy rainfall disrupted construction, particularly work on the tailings storage facility, although process plant construction continued to advance. These developments are detailed in the full press release available at https://ibn.fm/iMmtx.
For investors, the revenue decline and reduced silver output may raise questions about near-term cash flow, but the recovery at Ying and higher metal prices offer some reassurance. The company expects to release its unaudited second-quarter financial results after market close on Nov. 5, 2026, which will provide a clearer picture of profitability and costs. The latest news and updates relating to SVM are available in the company’s newsroom at https://ibn.fm/SVM.
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