Silvercorp Metals Inc. has reported preliminary results for the first quarter of Fiscal 2026, showcasing a significant uptick in both production and revenue. 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. The Ying Mining District was a key contributor to this performance, with a 28% increase in ore processed and a 79% surge in gold output to 2,050 ounces.
Despite a 19% decrease in zinc production to 5.2 million pounds, the company experienced a 1% growth in lead output, totaling 15.7 million pounds. Silver equivalent output also saw an increase, climbing to 2.0 million 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.
Investors and stakeholders are keenly awaiting the full financial results for Q1, which are scheduled to be released after market close on August 7, 2025. These preliminary results not only highlight Silvercorp's operational efficiency and growth trajectory but also underscore its potential for sustained profitability in the mining sector. For more details, visit https://ibn.fm/8U3vK.
