Silvercorp Metals Inc. Achieves Record Revenues and Expands Mining Operations
Silvercorp Metals Inc. reports fiscal 2025 record revenues of nearly $299 million, highlighting its growth and efficiency as a low-cost producer, while advancing its El Domo copper-gold mine project and maintaining strong ESG practices.
Silvercorp Metals Inc. (NYSE American: SVM) (TSX: SVM) has announced fiscal 2025 record revenues of nearly $299 million, alongside a silver production of 6.9 million ounces and an 11% year-over-year growth in silver equivalent output. This achievement underscores the company's efficiency and its status as a low-cost producer, with an all-in sustaining cost of $12.12 per ounce of silver over the last 12 months. The company's financial health is robust, with over $369 million in cash and a strategic equity portfolio, ensuring flexibility for future growth.
In a significant development for its expansion strategy, Silvercorp has commenced construction of its fully funded El Domo copper-gold mine in 2025, with production anticipated by the end of 2026. Additionally, the company has updated the mineral resource estimate for the Condor Project and plans to issue a revised Preliminary Economic Assessment (PEA) by year-end 2025. These initiatives reflect Silvercorp's commitment to organic growth and operational excellence.
Silvercorp's dedication to environmental and social governance (ESG) is evident in its MSCI ESG rating of 'A' and its focus on local employment and procurement. As a Canadian mining company with a diversified portfolio in China, Ecuador, and Bolivia, Silvercorp continues to leverage its exploration expertise and operational efficiency to enhance project value and shareholder returns. The company's record revenues and strategic expansions signal its strong position in the mining industry and its potential for sustained growth.