Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has reported preliminary results for the first quarter of Fiscal 2026, showcasing a significant uptick in both revenue and production. The company's revenue saw a 13% increase year over year, reaching approximately $81.3 million, while silver production rose by 6% to 1.8 million ounces. Silver equivalent output also increased to 2.0 million ounces, with lead output climbing 1% to 15.7 million pounds, despite a 19% decrease in zinc production to 5.2 million pounds.
The Ying Mining District was a key driver of this performance, with a 28% increase in ore processed and a notable 79% surge in gold output to 2,050 ounces. Exploration and development activities have progressed across several sites, including ongoing drilling at Ying and GC, as well as ramp development at the newly operational Kuanping mine. These developments underscore Silvercorp's commitment to growth and operational efficiency.
Investors and industry watchers are keenly awaiting the full financial results for Q1, which are scheduled to be released after market close on August 7, 2025. This announcement is crucial as it reflects the company's ability to maintain profitability and growth in a competitive sector, potentially influencing investor confidence and the broader mining industry's outlook.
For more details on Silvercorp Metals Inc.'s preliminary Q1 results, visit https://ibn.fm/8U3vK.
