Canada's Silvercorp Q3 revenue jumps 51% yr/yr

Silvercorp Metals

10/02/2026 24:23

Overview

Canada mining firm's fiscal Q3 revenue rose 51% yr/yr to a record of $126.1 mln

Adjusted net income for Q3 more than doubled yr/yr to $47.9 mln

Company reported record cash flow from operations of $132.9 mln, up $88.1 mln yr/yr

Outlook

Silvercorp expects Ying Mining District mines to close for three weeks in February for the Chinese New Year

Company plans to process stockpiled ore during Chinese New Year holiday

Silvercorp anticipates initial ore production from Kuanping in June 2026

Result Drivers

HIGHER SILVER PRICES - Record revenue driven by an increase in realized silver selling price to $48.97 per ounce, with silver representing 72% of the quarterly revenue

OPERATIONAL EFFICIENCIES - Improved cash cost per ounce of silver to negative $3.02 due to higher by-product credits and cost-efficient mining methods

CAPITAL EXPENDITURES - Increased spending on El Domo and Kuanping projects, indicating focus on future production growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
$0.22
Q3 Adjusted Net Income
$47.93 mln
Q3 Net Income
-$15.83 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 is C$15.00, about 2.5% above its February 9 closing price of C$14.63

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nCNWj4Xl8a

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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.)