Silvercorp Metals Inc. (NYSE-A/TSX: SVM) Reports 23% Revenue Growth and Advances El Domo Construction
This article has been disseminated on behalf of Silvercorp Metals Inc. (NYSE-A/TSX: SVM) and may include paid advertising.
- Canada-based Silvercorp Metals produces silver, gold, lead, zinc and other metals with primary mining operations in China and advancing growth projects in Ecuador
- Q2 Fiscal 2026 revenue rose 23% YOY to approximately $83.3 million
- Q2 silver equivalent (silver and gold) production of 1.84 million ounces, a 5% increase YOY
- Construction continues at the El Domo project in Ecuador, while Silvercorp’s investment in New Pacific Metals provides exposure to two advanced silver projects in Bolivia
Precious metals producer Silvercorp Metals (NYSE American/TSX: SVM) continues to build momentum in its quest to generate sustainable economic, social and environmental value for all its stakeholders at a level that is beginning to span the globe.
The Canadian mining company has an 18-year operating track record and recently reported year-over-year growth in its revenues, thanks to strong metal prices and increasing silver, gold and lead production at its mines in China.
Silvercorp’s Oct. 15 news release notes that revenues rose approximately 23% over the same quarter a year previous, ending its recently completed Q2 2026 with approximately $83.3 million in sales. Its silver production at the Ying Mining District rose 1% to about 1,529 thousand ounces, gold rose 76% to 2,085 ounces, and lead rose 8% to 12,928 thousand pounds (https://nnw.fm/7hD5n ).
Silvercorp expects to publish all its unaudited interim financial results for the second quarter on Nov. 6.
“Being in China, we’re close to the source of supply for a lot of the inputs that go into mining,” said Silvercorp President Lon Shaver earlier this month during an interview with Natural Resource Stocks, speaking of the company’s operating advantages (https://nnw.fm/De3Lr ). “So we don’t have to carry a lot of working capital. We can get, on a pretty competitive basis, inputs and supplies,” he added. “And a real testament to that is we expanded in 2024 our milling facility and bumped it up quite significantly from 2,500 tons per day of capacity to 4,000 tons per day.”
While the Ying site, comprising seven mines (plus an additional satellite site) and two milling facilities, is “the real economic driver” for the company, Shaver noted that Silvercorp has an additional producing mine in the southern part of the country as well as an additional gold resource “on care and maintenance” in China, plus two new sites being developed for production half a world away in Ecuador that were part of a more recent acquisition.
“At the other end, on incubation, we have a meaningful investment in New Pacific, which is another public company advancing two very attractive silver projects in Bolivia. And so that is somethings we’ve been helping to support and nurture as they’ve gone through technical studies and now are into the permitting phase,” Shaver said. “We’re pretty open-minded to look at what we think could be value-creating, mine-building opportunities for us.”
Production levels at the Ying district and the GC Mine in China reflect interruptions due to a temporary closure at Ying and severe typhoon weather conditions at GC. During the Q2 fiscal period, Ying completed 64,330 meters of drilling and 12,638 meters of exploration tunneling, while GC completed 13,176 meters of drilling and 1,799 meters of exploration tunneling.
The 481-bed construction camp at the Ecuadorian El Domo mine was set to be fully operational in October and construction there has advanced with a 249% increase in earthen material moved over the previous quarter.
For more information, visit the company’s website at https://silvercorpmetals.com/welcome.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
This article has been disseminated on behalf of Silvercorp Metals Inc. (NYSE-A/TSX: SVM) and may include paid advertising.
- Canada-based Silvercorp Metals produces silver, gold, lead, zinc and other metals with primary mining operations in China and advancing growth projects in Ecuador
- Q2 Fiscal 2026 revenue rose 23% YOY to approximately $83.3 million
- Q2 silver equivalent (silver and gold) production of 1.84 million ounces, a 5% increase YOY
- Construction continues at the El Domo project in Ecuador, while Silvercorp’s investment in New Pacific Metals provides exposure to two advanced silver projects in Bolivia
Precious metals producer Silvercorp Metals (NYSE American/TSX: SVM) continues to build momentum in its quest to generate sustainable economic, social and environmental value for all its stakeholders at a level that is beginning to span the globe.
The Canadian mining company has an 18-year operating track record and recently reported year-over-year growth in its revenues, thanks to strong metal prices and increasing silver, gold and lead production at its mines in China.
Silvercorp’s Oct. 15 news release notes that revenues rose approximately 23% over the same quarter a year previous, ending its recently completed Q2 2026 with approximately $83.3 million in sales. Its silver production at the Ying Mining District rose 1% to about 1,529 thousand ounces, gold rose 76% to 2,085 ounces, and lead rose 8% to 12,928 thousand pounds (https://nnw.fm/7hD5n ).
Silvercorp expects to publish all its unaudited interim financial results for the second quarter on Nov. 6.
“Being in China, we’re close to the source of supply for a lot of the inputs that go into mining,” said Silvercorp President Lon Shaver earlier this month during an interview with Natural Resource Stocks, speaking of the company’s operating advantages (https://nnw.fm/De3Lr ). “So we don’t have to carry a lot of working capital. We can get, on a pretty competitive basis, inputs and supplies,” he added. “And a real testament to that is we expanded in 2024 our milling facility and bumped it up quite significantly from 2,500 tons per day of capacity to 4,000 tons per day.”
While the Ying site, comprising seven mines (plus an additional satellite site) and two milling facilities, is “the real economic driver” for the company, Shaver noted that Silvercorp has an additional producing mine in the southern part of the country as well as an additional gold resource “on care and maintenance” in China, plus two new sites being developed for production half a world away in Ecuador that were part of a more recent acquisition.
“At the other end, on incubation, we have a meaningful investment in New Pacific, which is another public company advancing two very attractive silver projects in Bolivia. And so that is somethings we’ve been helping to support and nurture as they’ve gone through technical studies and now are into the permitting phase,” Shaver said. “We’re pretty open-minded to look at what we think could be value-creating, mine-building opportunities for us.”
Production levels at the Ying district and the GC Mine in China reflect interruptions due to a temporary closure at Ying and severe typhoon weather conditions at GC. During the Q2 fiscal period, Ying completed 64,330 meters of drilling and 12,638 meters of exploration tunneling, while GC completed 13,176 meters of drilling and 1,799 meters of exploration tunneling.
The 481-bed construction camp at the Ecuadorian El Domo mine was set to be fully operational in October and construction there has advanced with a 249% increase in earthen material moved over the previous quarter.
For more information, visit the company’s website at https://silvercorpmetals.com/welcome.
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
