Quarterly Financial Report Shows Silvercorp Metals Inc. (NYSE-A/TSX: SVM) Significant Revenue
Disseminated on behalf of Silvercorp Metals Inc. (NYSE-A/TSX: SVM) and includes paid advertisement.
- Canadian miner Silvercorp Metals delivered its second-highest year-over-year revenue of its 18-year history, driven by strong production from the Ying Mining District
- Silvercorp expects a sharp increase in the amount of ore mined at Ying during the current quarter, from 265,000 metric tons to approximately 346,000 metric tons
- Q2 2026 gold sales rose 64% YOY, but silver continues to be its primary revenue driver at 67% of the quarterly revenue
- Construction at the El Domo project in Ecuador progressed significantly, with material cut for site preparation, roads and channel construction increasing by 249%
Precious metals miner Silvercorp Metals (NYSE American/TSX: SVM) is reporting a significant boost to its revenue thanks to increases in the market prices of gold and silver and a corresponding increase in Silvercorp’s production of the precious metals in China during the company’s most recent financial quarter ended Sept. 30.
Overall, the company sold approximately 1.66 million ounces of silver, 2,033 ounces of gold, 14.75 million pounds of lead, and 5.67 million pounds of zinc during the quarter, which amounted to a 23% YOY revenue increase to $83.3 million — the second highest recorded during the company’s history (https://nnw.fm/qiBqQ ).
“The amount of gold sold in the quarter was up 64% compared to last year,” Silvercorp President Lon Shaver said during a Nov. 7 conference call to discuss the results (https://nnw.fm/S8NrB ). “Silver remains our most significant revenue contributor at approximately 67% of net Q2 revenue, followed by lead at 16% and gold at 7%.”
Although production was affected by temporary closures in portions of the Ying complex in China, comprising seven mines and two milling facilities, those areas have reopened and the company expects a stronger final months of the year.
“We expect to mine approximately 346,000 tonnes of ore in this current quarter Q3 compared to the 265,000 tonnes mined in Q2,” Shaver said. “We invested $6 million in the quarter for ramp and tunnel development to enhance underground access and increased material handling capabilities. This work goes hand-in-hand with our efforts to expand mining capacity across the 4 licenses at Ying,” he added. “We’re now in the process of applying to increase the TLP LM permit to 600,000 tonnes per year with approval expected later this quarter. Once all approvals are in place, Ying’s total permitted annual mining capacity will rise to 1.32 million tonnes from approximately 1 million tonnes currently.”
The company also made significant advances in mine construction at one of its Ecuador properties, increasing the amount of material cut for site preparation, roads and channel construction by 249% to advance the El Domo mine to production.
In addition to progressing the El Domo project in Ecuador, Silvercorp is also developing the company’s underground Condor Gold project. The company looks to release a preliminary economic assessment for a high-grade underground gold operation later this quarter. Additionally, they have been seeking an environmental license and water permits, with plans to build two exploration tunnels into the deposits, where Silvercorp expects to conduct underground detailed drilling.
Silvercorp’s broader growth strategy also includes incubating other companies’ mining projects. Shaver highlighted the company’s investment in New Pacific Metals, stating, “We have a meaningful investment in New Pacific, which is another public company advancing two very attractive-looking silver projects in Bolivia,” during an October interview with Natural Resource Stocks (https://nnw.fm/tYsbP ). “We’re pretty open-minded to look at what we think could be value-creating, mine-building opportunities for us.”
With rising metal prices, expanding production capacity at Ying, and advancing development activities in Ecuador, Silvercorp enters the next quarter with strong operational momentum and a clear pipeline of growth initiatives.
For more information, visit the company’s website at https://silvercorpmetals.com/welcome.
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Disseminated on behalf of Silvercorp Metals Inc. (NYSE-A/TSX: SVM) and includes paid advertisement.
- Canadian miner Silvercorp Metals delivered its second-highest year-over-year revenue of its 18-year history, driven by strong production from the Ying Mining District
- Silvercorp expects a sharp increase in the amount of ore mined at Ying during the current quarter, from 265,000 metric tons to approximately 346,000 metric tons
- Q2 2026 gold sales rose 64% YOY, but silver continues to be its primary revenue driver at 67% of the quarterly revenue
- Construction at the El Domo project in Ecuador progressed significantly, with material cut for site preparation, roads and channel construction increasing by 249%
Precious metals miner Silvercorp Metals (NYSE American/TSX: SVM) is reporting a significant boost to its revenue thanks to increases in the market prices of gold and silver and a corresponding increase in Silvercorp’s production of the precious metals in China during the company’s most recent financial quarter ended Sept. 30.
Overall, the company sold approximately 1.66 million ounces of silver, 2,033 ounces of gold, 14.75 million pounds of lead, and 5.67 million pounds of zinc during the quarter, which amounted to a 23% YOY revenue increase to $83.3 million — the second highest recorded during the company’s history (https://nnw.fm/qiBqQ ).
“The amount of gold sold in the quarter was up 64% compared to last year,” Silvercorp President Lon Shaver said during a Nov. 7 conference call to discuss the results (https://nnw.fm/S8NrB ). “Silver remains our most significant revenue contributor at approximately 67% of net Q2 revenue, followed by lead at 16% and gold at 7%.”
Although production was affected by temporary closures in portions of the Ying complex in China, comprising seven mines and two milling facilities, those areas have reopened and the company expects a stronger final months of the year.
“We expect to mine approximately 346,000 tonnes of ore in this current quarter Q3 compared to the 265,000 tonnes mined in Q2,” Shaver said. “We invested $6 million in the quarter for ramp and tunnel development to enhance underground access and increased material handling capabilities. This work goes hand-in-hand with our efforts to expand mining capacity across the 4 licenses at Ying,” he added. “We’re now in the process of applying to increase the TLP LM permit to 600,000 tonnes per year with approval expected later this quarter. Once all approvals are in place, Ying’s total permitted annual mining capacity will rise to 1.32 million tonnes from approximately 1 million tonnes currently.”
The company also made significant advances in mine construction at one of its Ecuador properties, increasing the amount of material cut for site preparation, roads and channel construction by 249% to advance the El Domo mine to production.
In addition to progressing the El Domo project in Ecuador, Silvercorp is also developing the company’s underground Condor Gold project. The company looks to release a preliminary economic assessment for a high-grade underground gold operation later this quarter. Additionally, they have been seeking an environmental license and water permits, with plans to build two exploration tunnels into the deposits, where Silvercorp expects to conduct underground detailed drilling.
Silvercorp’s broader growth strategy also includes incubating other companies’ mining projects. Shaver highlighted the company’s investment in New Pacific Metals, stating, “We have a meaningful investment in New Pacific, which is another public company advancing two very attractive-looking silver projects in Bolivia,” during an October interview with Natural Resource Stocks (https://nnw.fm/tYsbP ). “We’re pretty open-minded to look at what we think could be value-creating, mine-building opportunities for us.”
With rising metal prices, expanding production capacity at Ying, and advancing development activities in Ecuador, Silvercorp enters the next quarter with strong operational momentum and a clear pipeline of growth initiatives.
For more information, visit the company’s website at https://silvercorpmetals.com/welcome.
Third-Party Disclaimer:
The IBN website may contain third-party content articles and other content submitted by third parties, including articles submitted through the IBN Premium Partnership Program. All opinions, statements and representations expressed by such third parties are theirs alone and do not express or represent the views and opinions of IBN or its affiliates and owners. Content created by third parties is the sole responsibility of such third parties, and IBN does not endorse, guarantee or make representations concerning the accuracy and completeness of any third-party content. You acknowledge that by IBN providing you with this internet portal that makes accessible to you the ability to view third party content through the IBN site, IBN does not undertake any obligation to you as a reader of such content or assume any liability relating to such third-party content. IBN expressly disclaims liability relating to such third-party content. IBN and its members, affiliates, successors, assigns, officers, directors, and partners assume no responsibility or liability that may arise from the third-party content, including, but not limited to, responsibility or liability for claims for defamation, libel, slander, infringement, invasion of privacy and publicity rights, fraud, or misrepresentation, or an private right of action under the federal securities laws of the United States or common law. Notwithstanding the foregoing, IBN reserves the right to remove third-party content at any time in its sole discretion. By viewing this third-party content, you acknowledge that you have viewed, read fully, accepted and agreed to all terms of the Disclaimer at https://IBN.fm/Disclaimer.
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
