Business
Silvercorp Metals Reports Adjusted Net Income of $21.0 Million, $0.10 Per Share, and Cash Flow From Operating Activities of $48.3 Million for Q1 Fiscal 2026
VANCOUVER, BC, Aug. 7, 2025 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reported its financial and operating
About this update from Silvercorp Metals Inc.
[{"type":"text","content":" VANCOUVER, BC, Aug. 7, 2025 /CNW/ - Silvercorp Metals Inc. (\"Silvercorp\" or the \"Company\") (TSX: SVM) (NYSE American: SVM) reported its financial and operating results for the three months ended June 30, 2025 (\"Q1 Fiscal 2026\"). All amounts are expressed in US dollars, and figures may not add due to rounding. HIGHLIGHTS FOR Q1 FISCAL 2026 Produced approximately 1.8 million ounces (\"oz\") of silver, 2,050 oz of gold, or approximately 2.0 million ounces of silver equivalent1, 15.7 million pounds (\"lb\") of lead and 5.2 million lb of zinc; Sold approximately 1.8 million oz of silver, 1,951 oz of gold, 15.2 million lb of lead, and 5.2 million lb of zinc, for revenue of $81.3 million; All-in sustaining cost (\"AISC\") per oz of silver, net of by-product credits, of $13.49; Net income attributable to equity shareholders of $18.1 million, or $0.08 per share; Adjusted net income attributable to equity shareholders of $21.0 million, or $0.10 per share, after excluding a $4.8 million charge on the fair value of derivative liabilities and warrants and other non-cash or non-routine items; Earnings before interest, income tax, depreciation and amortization (\"EBITDA\") attributable to equity shareholders of $33.8 million, or $0.15 per share; Generated cash flow from operating activities of $48.3 million, and free cash flow of $22.5 million; Spent and capitalized $18.8 million on exploration, development, and equipment and facilities for the China operations; Spent and capitalized $5.4 million for the Ecuador operations; Paid cash dividends of $2.7 million to holders of the Company's common shares; and Ended the period with cash and cash equivalents and short-term investments of $377.1 million, an increase of $8.1 million from the previous quarter, and a portfolio of equity investments with a total market value of $72.2 million. The Company also has a stream financing commitment of $175 million available from Wheaton Precious Metals International Ltd. for the El Domo project construction. 1 The company reports certain alternative performance (\"non-GAAP\") measures, which include silver equivalent. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning under the Company's financial reporting framework and the methods used by the Company to calculate such meas...