SILVERCORP REPORTS ADJUSTED NET INCOME OF $53.9 MILLION, $0.24 PER SHARE, AND CASH FLOW FROM OPERATING ACTIVITIES OF $61.7 MILLION FOR Q1 FISCAL 2027

Silvercorp Metals Inc. (SVM) reported a surge in first-quarter fiscal 2027 revenue, which climbed 70% year-over-year to $138.7 million. The increase was driven by a realized silver price of $69.38 per ounce, up 135% from the prior year. Adjusted net income reached $53.9 million, or $0.24 per share, compared to $21.0 million a year ago. The company generated $61.7 million in operating cash flow and $28.6 million in free cash flow.

Production figures for the quarter included 1.5 million ounces of silver and 2,536 ounces of gold. All-in sustaining costs (AISC) rose to $18.38 per ounce, up from $13.49 in the previous period. Operations at the company’s China facilities were voluntarily suspended in mid-to-late June for mandatory safety upgrades. The Ying mine is expected to see a 40–50% impact in the second quarter, while the GC mine will face approximately a 50% reduction.

The company maintains a cash and investments balance of $387.1 million. Regarding future projects, the El Domo target remains on track for commissioning in July 2027, construction at Chaarat is advancing, and a small-scale mining license for Condor is expected in the second quarter.

Silvercorp Metals Inc. (SVM) reported a first-quarter adjusted earnings per share of $0.24 and operating cash flow of $61.7M, figures that materially exceeded expectations set by its prior production-only update on July 15. That earlier disclosure provided only revenue of $138.7M and production data, leaving costs and profit margins undefined. The current bottom-line results annualize to more than $0.96 in EPS against a $17 stock price, marking a positive surprise relative to prior guidance.

The market had already accounted for a safety suspension impacting the second quarter, which was initially flagged on June 29 and reiterated on July 15. Prior to the earnings release, the stock declined from approximately $15.50 to $12.41 before recovering to $17 following the announcement. Strong first-quarter performance and elevated silver prices have become the dominant narrative, outweighing the anticipated drag from the second-quarter suspension.

Silvercorp Metals Inc. (SVM) is a producing silver, gold, lead, and zinc miner with core operations in China’s Ying Mining District and the GC Mine, generating significant free cash flow. The company is using that cash to fund construction of the El Domo copper-gold mine in Ecuador, targeting a July 2027 completion date. It is also developing the Chaarat ZAAV gold projects in Kyrgyzstan, which it holds a 70% interest in, including the Phase 1 Tulkubash oxide heap leach, and advancing the Condor gold project in Ecuador. Additionally, Silvercorp holds equity stakes in Tincorp Metals and New Pacific Metals, providing indirect exposure to Bolivian silver. The company has a 17-year reserve life at Ying and 18+ years at GC, with a pipeline of growth assets.