Canada's Silvercorp Q2 revenue up 23% on higher metal prices

Overview

• Silvercorp Metals' Q2 fiscal 2026 revenue rose 23% yr/yr, driven by higher silver and gold prices

• Adjusted net income for Q2 fiscal reaches $22.6 mln

• Company generates $39.2 mln cash flow from operations, boosting cash reserves

Outlook

• Silvercorp expects Ying Mining District ore production to rise 30% in Q3 sequentially

• GC Mine ore production projected to increase 9% in Q3 sequentially

Result Drivers

• HIGHER METAL PRICES - Revenue growth attributed to 28% increase in selling prices of silver and 37% increase in gold YoY

• INCREASED PRODUCTION - Higher production of gold and lead contributed to revenue growth

• COST INCREASES - AISC per ounce of silver increased due to higher production costs and new royalties in China

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

• Wall Street's median 12-month price target for Silvercorp Metals Inc is C$11.00, about 20.6% above its November 6 closing price of C$8.73

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nCNWp9K3ba

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