Silvercorp Metals Reports Record Fiscal 2026 Revenue Amid Silver Price Surge
Silvercorp Metals announced record fiscal 2026 revenue of $438.1 million, up 47% year over year, driven by a 72% increase in realized silver prices, highlighting strong cash flow and growth initiatives.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported record fiscal 2026 revenue of $438.1 million, a 47% increase year over year, driven largely by a 72% rise in realized silver prices. The company generated $310.6 million in operating cash flow and $181.3 million in free cash flow during the fiscal year, underscoring its financial strength.
In the fourth quarter, Silvercorp posted record quarterly revenue of $147.4 million, up 96% from the prior year, and adjusted EBITDA attributable to equity shareholders of $98.1 million. The company ended the fiscal year with $422.3 million in cash and short-term investments.
The strong financial performance positions Silvercorp to advance its growth initiatives, including the development of the El Domo mine in Ecuador and the completion of its acquisition of a 70% interest in the ZAAV project in Kyrgyzstan. These projects are expected to contribute to future production and revenue.
Silvercorp also highlighted its environmental, social, and governance (ESG) progress, noting an improved MSCI ESG rating of AA. The company produces silver, gold, lead, and zinc, and its strategy focuses on generating free cash flow from long-life mines, organic growth through drilling, mergers and acquisitions, and responsible mining.
The record results come as silver prices have strengthened, benefiting producers like Silvercorp. The company's ability to generate substantial free cash flow provides flexibility for further investment and shareholder returns. For more details, the full press release is available at https://ibn.fm/c6tdR.
Investors can access the latest news and updates about the company at its newsroom: https://ibn.fm/SVM.