Silvercorp Metals Inc

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Silvercorp Metals Q1 Non-GAAP EPS misses by $0.02, revenue beats by $5.07M

Silvercorp Metals reported first-quarter Non-GAAP earnings per share of $0.21, missing analyst estimates by $0.02, while revenue of $138.67 million beat expectations by $5.07 million and rose 70.5% year-over-year. The company produced approximately 1.5 million ounces of silver and 2,536 ounces of gold, or about 1.7 million ounces of silver equivalent, and sold 1.5 million ounces of silver, 2,454 ounces of gold, 13.7 million pounds of lead, and 4.2 million pounds of zinc. Cash cost per ounce of silver, net of by-product credits, was $1.33, up from $1.11 in the prior-year quarter, while all-in sustaining cost per ounce rose 36% to $18.38. Adjusted EBITDA attributable to equity shareholders reached $77.3 million, or $0.35 per share, compared with $35.0 million, or $0.16 per share, a year earlier. Cash flow from operating activities was $61.7 million, up from $48.3 million, and free cash flow increased to $28.6 million from $22.5 million.

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Salazar Resources' Carried 25% Stake in Ecuador Copper-Gold Mine Gains 121% in After-Tax Value

Salazar Resources reported that the after-tax net present value of its flagship Curipamba–El Domo copper-gold project in Ecuador rose 121% to US$573 million, based on an updated technical report, while Ecuador's mining regulator exempted exploration-stage projects from a key fee. The company holds a fully carried 25% interest in the project, meaning it is not responsible for funding its share of construction and development costs, with operator Silvercorp Metals covering those expenses through to commercial production. The updated study, prepared by SRK Consulting (China) Ltd. with an effective date of December 31, 2025, also showed a 27% increase in measured and indicated mineral resources to 11.4 million tonnes and a 10% rise in proven and probable mineral reserves to 7.13 million tonnes, driven by higher metal-price assumptions and additional drilling. Separately, Ecuador's Mining Regulation and Control Agency, ARCOM, issued Resolution No. ARCOM-006/26 exempting exploration-stage projects from the Mining Oversight and Control Fee for the 2026 fiscal year, a move Salazar welcomed as improving the country's competitiveness for exploration capital. The project is fully funded and under construction, with first commercial concentrate production expected in mid-2027, positioning Salazar to benefit from a copper market that has tightened amid a forecast supply deficit.

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Silvercorp slides after slowing China mining operations for required safety work

Silvercorp Metals shares fell 5.4% on Tuesday after the company announced it is slowing work at its Ying and GC mining operations in China to implement new government-imposed safety systems. The safety improvement activities will result in a 40% to 50% production cut at the Ying mining district and a roughly 50% reduction at the GC mine in the July-to-September quarter, while the current quarter's production is expected to be affected by 10% to 15%. The wind-down is expected to cost about US$5.5 million and take roughly 50 days to complete, with another US$6 million anticipated for other improvements and equipment upgrades. The new safety requirements were issued by China's State Council and National Mine Safety Administration for the entire mining industry following a major accident last month at a coal mine in Shanxi Province.

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Roth Capital raises Silvercorp Metals price target to $14 after Kyrgyzstan project update

Roth Capital raised its price target on Silvercorp Metals to $14 from $13.75 while reiterating a Buy rating, following the company's development plan for the Chaarat ZAAV project in Kyrgyzstan. The analyst noted Silvercorp is making a meaningful financial commitment to the project, which is viewed favorably for its long-term potential. Silvercorp also reported a strong fiscal fourth quarter of 2026, producing about 1.5 million ounces of silver and 2,492 ounces of gold, equivalent to roughly 1.6 million silver-equivalent ounces. Quarterly revenue reached a record $147.4 million, nearly doubling from a year earlier, driven by a 183% increase in the average realized silver price to $78.6 per ounce. The cash cost per ounce of silver, net of by-product credits, improved to negative $1.92 from $2.49 a year earlier, aided by a more mechanized and lower-cost shrinkage mining method.

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Silvercorp Metals Ranks 33rd Among Analyst Picks in Global Mining Titans Index

Silvercorp Metals Inc ranks 33rd out of 50 stocks in the Metals Channel Global Mining Titans Index based on averaged analyst recommendations from major brokerages, according to Metals Channel. The index tracks the top fifty global metals and mining leaders and updates continuously to reflect commodity prices, government policy, and market volatility. Silvercorp operates in the precious metals sector alongside Newmont Corp and Barrick Mining Corp, and its shares were trading down about 3.7% midday Thursday.

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