Silvercorp Metals Inc. reported a net income of $18.1 million, or $0.08 per share, for the first quarter of Fiscal 2026, on revenue of $81.3 million. The revenue was generated from the sale of 1.8 million ounces of silver, 1,951 ounces of gold, 15.2 million pounds of lead, and 5.2 million pounds of zinc. The company's production figures were equally impressive, with 1.8 million ounces of silver, 2,050 ounces of gold, 15.7 million pounds of lead, and 5.2 million pounds of zinc produced, totaling 2.0 million ounces of silver equivalent.
The all-in sustaining cost was reported at $13.49 per ounce of silver, net of by-product credits. Adjusted net income stood at $21.0 million, or $0.10 per share, with EBITDA attributable to equity shareholders reaching $33.8 million, or $0.15 per share. Operating cash flow was a highlight at $48.3 million, which contributed to $22.5 million in free cash flow. These financial metrics demonstrate the company's operational efficiency and ability to generate substantial cash returns from its mining operations.
Strategic investments during the quarter included $18.8 million in China operations and $5.4 million in Ecuador operations, alongside $2.7 million paid in dividends. Silvercorp ended the quarter with a strong financial position, holding $377.1 million in cash and equivalents and $72.2 million in equity investments. A significant $175 million stream financing commitment from Wheaton Precious Metals International Ltd. for the El Domo project underscores the company's growth trajectory. For more details on Silvercorp's financial performance and strategic initiatives, visit https://ibn.fm/rubWN.
The company's strong financial performance matters because it demonstrates resilience in the mining sector during a period of economic uncertainty. The substantial cash position of $377.1 million provides significant financial flexibility for future expansion and development projects. The $175 million stream financing commitment for the El Domo project represents a major vote of confidence from Wheaton Precious Metals International Ltd. and positions Silvercorp for substantial growth in the coming years. The combination of strong production figures, efficient cost management, and strategic investments creates a solid foundation for long-term value creation for shareholders.
