Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported record fiscal 2026 revenue of $438.1 million, a 47% increase year over year, driven by a 72% surge in realized silver prices. The company also generated $310.6 million in operating cash flow and $181.3 million in free cash flow during the period.
In the fourth quarter, Silvercorp posted record quarterly revenue of $147.4 million, up 96% from the same period last year, with adjusted EBITDA attributable to equity shareholders reaching $98.1 million. The strong performance underscores the company's ability to capitalize on rising precious metal prices while maintaining cost discipline.
Silvercorp ended the fiscal year with $422.3 million in cash and short-term investments, providing a solid foundation for its growth initiatives. The company is advancing development of the El Domo mine in Ecuador and recently completed the acquisition of a 70% interest in the ZAAV project in Kyrgyzstan. These projects are expected to contribute to future production and diversification.
The company also highlighted continued progress in environmental, social, and governance (ESG) areas, including an improved MSCI ESG rating of AA. This rating reflects Silvercorp's commitment to responsible mining practices, which is increasingly important to investors and stakeholders.
Silvercorp's strategy focuses on generating free cash flow from long-life mines, organic growth through extensive drilling, merger and acquisition efforts, and a long-term commitment to responsible mining. The record financial results demonstrate the effectiveness of this approach in a favorable commodity price environment.
For the full press release, visit https://ibn.fm/c6tdR. More information about Silvercorp is available in the company's newsroom at https://ibn.fm/SVM.
