Business
Silvercorp Metals Reports Adjusted Net Income of $22.6 Million, $0.10 Per Share, and Cash Flow From Operating Activities of $39.2 Million For Q2 Fiscal 2026
VANCOUVER, BC, Nov. 6, 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, Nov. 6, 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 September 30, 2025 (\"Q2 Fiscal 2026\"). All amounts are expressed in US dollars, and figures may not add due to rounding. HIGHLIGHTS FOR Q2 FISCAL 2026 Produced approximately 1.66 million ounces of silver, 2,085 ounces of gold, or approximately 1.84 million ounces of silver equivalent1, 14.23 million pounds of lead and 5.64 million pounds of zinc; Sold approximately 1.66 million ounces of silver, 2,033 ounces of gold, 14.75 million pounds of lead, and 5.67 million pounds of zinc, for revenue of $83.3 million, an increase of 23% over the three months ended September 30, 2024 (\"Q2 Fiscal 2025\"); All-in sustaining cost (\"AISC\") per ounce of silver, net of by-product credits, of $13.94; Net loss attributable to equity shareholders of $11.5 million, or $0.05 per share, mainly due to a $53.2 million non-cash charge on \"mark to market\" of the fair value of convertible notes; Adjusted net income attributable to equity shareholders of $22.6 million, or $0.10 per share, after excluding the $53.2 million non-cash charge, a $21.6 million gain on investments, and other non-cash or one-time items; Adjusted earnings before interest, income tax, depreciation and amortization (\"EBITDA\") attributable to equity shareholders of $38.3 million, or $0.18 per share; Generated cash flow from operating activities of $39.2 million, and free cash flow of $11.4 million; Spent and capitalized $15.8 million on exploration, development, and equipment and facilities at the China operations; Spent and capitalized $10.9 million at the Ecuador operations for the development and construction of the El Domo mine and permitting activities for the Condor project; Ended the period with cash and cash equivalents and short-term investments of $382.3 million, an increase of $5.1 million from the previous quarter, and a portfolio of equity investments with a total market value of $180.2 million, an increase of $108.0 million from the previous quarter; and Subsequent to quarter end, drew down the first $43.875 million from Wheaton Precious Metals International Ltd. under the $175.5 million stream financing agreement for the El Domo mine construction. __________________...