Silvercorp Reports Operational Results and Financial Results Release Date for the Third Quarter, Fiscal 2026
Silvercorp Shatters Revenue Records as China Production Scales Amid Aggressive Ecuador Expansion
On January 15, 2026, Silvercorp reported preliminary operational results for Q3 Fiscal 2026 (ended December 31, 2025). The company achieved record quarterly revenue of approximately $126.1 million, representing a 51% increase compared to the same period last year. Production highlights include 1.9 million ounces of silver and 2.0 million ounces of silver equivalent (AgEq). Operationally, the Ying Mining District processed 328,425 tonnes of ore, while the GC Mine processed 87,095 tonnes. The company also noted a substantial ore stockpile of 61,105 tonnes at Ying, positioning them for the seasonally slower Chinese New Year period. Unaudited interim financial results are scheduled for release on February 9, 2026.
The record revenue of $126.1 million is a material positive development, significantly exceeding the $83.6 million reported in Q3 FY2025 (a 51% YoY increase). This growth is driven by a combination of higher realized metal prices and increased production/throughput. - Operational Recovery: The results confirm a successful "catch-up" following a challenging Q2 FY2026, which was plagued by temporary mine closures at Ying and typhoon disruptions at GC. - Cash Flow Strength: Given the previous quarter's adjusted net income of $22.6 million on $83 million in revenue, this $126 million revenue quarter likely signals a massive jump in free cash flow, providing the dry powder needed for the $240 million El Domo construction in Ecuador. - Inventory Management: Stockpiling 61k tonnes of ore at Ying is a strategic move to mitigate the productivity drop typically seen during the Q4 Chinese New Year holidays.
Silvercorp is a profitable Canadian mining company producing silver, lead, and zinc at multiple mines in China. Its flagship is the Ying Mining District (Henan Province), which has been in production since 2006. The company is currently transforming into a multi-jurisdictional producer through the construction of the El Domo copper-gold project in Ecuador (acquired via Adventus Mining) and the development of the Condor gold project.