Overview

* Silvercorp Metals' ( SVM ) Q2 fiscal 2026 revenue rose 23% yr/yr, driven by higher silver and gold prices

* Adjusted net income for Q2 fiscal reaches $22.6 mln

* Company generates $39.2 mln cash flow from operations, boosting cash reserves

Outlook

* Silvercorp expects Ying Mining District ore production to rise 30% in Q3 sequentially

* GC Mine ore production projected to increase 9% in Q3 sequentially

Result Drivers

* HIGHER METAL PRICES - Revenue growth attributed to 28% increase in selling prices of silver and 37% increase in gold YoY

* INCREASED PRODUCTION - Higher production of gold and lead contributed to revenue growth

* COST INCREASES - AISC per ounce of silver increased due to higher production costs and new royalties in China

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $83.33

Revenue mln

Q2 $22.55

Adjusted mln

Net

Income

Q2 Net $11.52

Loss mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"

* Wall Street's median 12-month price target for Silvercorp Metals Inc ( SVM ) is C$11.00, about 20.6% above its November 6 closing price of C$8.73

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)