Canada's Silvercorp Q4 revenue nearly doubles but metal output falls

Silvercorp Metals

17/04/2026 03:03

Overview

Canada mining firm's Q4 fiscal 2026 revenue nearly doubled yr/yr to record C$147.4 mln

Q4 silver, lead, and zinc production declined due to lower head grades and more shrinkage mining

Company forecasts higher ore and metal output but expects increased costs in fiscal 2027

Outlook

Silvercorp expects to process 1.53 mln to 1.61 mln tonnes of ore in fiscal 2027

Company sees fiscal 2027 silver production of 6.8 mln to 7.1 mln ounces

Fiscal 2027 consolidated cash cost expected at $83.3 to $85.4 per tonne, AISC at $155.3 to $161.2

Result Drivers

LOWER HEAD GRADES - Co said declines in silver, lead, and zinc production were due to lower head grades and increased shrinkage mining

HIGHER ORE PROCESSING AT GC MINE - GC Mine processed more ore and produced more lead and silver compared to Q4 last yr

ONGOING MINE DEVELOPMENT - Construction continued at Kuanping and El Domo mines, with progress on ramp development, tunneling, and infrastructure

Company press release: ID:nPn8MtKmYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
C$147.40 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$20.00, about 15.4% above its April 16 closing price of C$17.33

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

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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.)