Canada's Silvercorp Q3 revenue rises

Overview

• Canada mining firm's Q3 fiscal revenue grew 51% yr/yr

• Silver production fell 4% due to maintenance and mining dilution

• Zinc production rose 5% yr/yr in Q3 fiscal 2026

Outlook

• Silvercorp did not provide specific future guidance

Result Drivers

• REVENUE INCREASE - Record revenue of C$126.1 mln, up 51% yr/yr, driven by higher sales despite lower silver production

• SILVER PRODUCTION DECLINE - Silver production decreased 4% due to maintenance and higher dilution from shrinkage mining

• ZINC PRODUCTION INCREASE - Zinc production rose 5% yr/yr, reflecting operational adjustments

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$12.00, about 14.1% below its January 14 closing price of C$13.97

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

Press Release: ID:nPn4rkqgQa

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