Other

SILVERCORP REPORTS ADJUSTED NET INCOME OF $21.0 MILLION, $0.10 PER SHARE, AND CASH FLOW FROM OPERATING ACTIVITIES OF $48.3 MILLION FOR Q1 FISCAL 2026

By The Northwire Desk — AI Analysis Aug 07, 2025 · 17:05 SVM · 6.62 Silvercorp Metals Inc.

SVM · Price

Silvercorp reported adjusted net income of $21.0 M ($0.10 per share) for Q1 FY 2026, up 2% YoY after excluding a $4.8 M derivative‑liability charge.
Revenue rose 13% to $81.3 M driven by higher silver and gold volumes and price increases; all‑in sustaining cost (AISC) climbed to $13.49/oz Ag.
Operating cash flow generated $48.3 M; free cash flow was $22.5 M despite a $7.6 M capital outlay for El Domo construction and Ecuador exploration.

Production Highlights – 1.8 M oz Ag, 2,050 oz Au (≈2.0 M oz Ag‑eq), 15.7 M lb Pb, 5.2 M lb Zn produced; sold similar volumes.
Revenue: $81.3 M (+13% YoY). Silver price $29.54/oz (+12%), gold $2,876/oz (+45%).
Costs – Cash cost per oz Ag $1.11 (up from –$1.67); AISC $13.49/oz Ag (↑37%).
Net Income: $18.1 M ($0.08/share) vs. $21.9 M prior year; decline due to $4.8 M derivative liability charge and dilution from 38.8 M shares issued for Adventus acquisition.
Adjusted Net Income: $21.0 M ($0.10/share), up 2% YoY after exclusions.
EBITDA: $33.8 M ($0.15/ share) vs. $34.4 M prior year (‑9%). Adjusted EBITDA $35.0 M (+6%).
Cash Position: End‑quarter cash & equivalents $377.1 M (+2%); equity investments valued at $72.2 M.
Capital Expenditures: $24.2 M total, up 23%; $18.8 M on China ops, $5.4 M on Ecuador, continued El Domo financing commitment of $175 M from Wheaton Precious Metals.
Safety Incident: Fatality at HZG mine (contractor) – potential 20‑25% production shortfall for the quarter; investigation ongoing.
Conference Call: Aug 8, 2025, 9:00 am PDT (12:00 pm EDT).

(No direct CEO/President quotes were included in the release.)

More from Silvercorp Metals Inc.