Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported record fiscal 2026 revenue of $438.1 million, a 47% increase year over year, driven by a 72% rise in realized silver prices. The company also generated $310.6 million in operating cash flow and $181.3 million in free cash flow, underscoring its strong financial performance.
In the fourth quarter, Silvercorp posted record quarterly revenue of $147.4 million, up 96% from the prior year, and adjusted EBITDA attributable to equity shareholders of $98.1 million. The company ended the fiscal year with $422.3 million in cash and short-term investments, providing a solid foundation for future growth.
Silvercorp is advancing several growth initiatives, including the development of the El Domo mine in Ecuador and the completion of its acquisition of a 70% interest in the ZAAV project in Kyrgyzstan. These projects are expected to contribute to the company's long-term production and profitability.
The company also highlighted its environmental, social, and governance (ESG) progress, noting an improved MSCI ESG rating of AA. This reflects Silvercorp's commitment to responsible mining practices and sustainability.
The record financial results and strong cash flow position Silvercorp favorably in the current commodity price environment. The company's strategy focuses on generating free cash flow from long-life mines, organic growth through extensive drilling, ongoing merger and acquisition efforts, and a long-term commitment to responsible mining.
For more details, the full press release is available at https://ibn.fm/c6tdR.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a history of profitability and growth potential.
