Silvercorp Metals Inc. (SVM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

My name is Ina, and I will be your conference operator today. At this time, I would like to welcome everyone to the SilverCorp First Quarter Fiscal 2026 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number 1 on your telephone keypad. If you would like to withdraw your question, please press star, then the number 2. Thank you. And I would now like to turn the conference over to Mr. Ron Schubert, President of Silver Corp. Thank you. Please go ahead. Thank you, Ina. On behalf of Silver Corp., I'd like to welcome everyone to this call to discuss our first quarter of fiscal 2026 financial results, which were released yesterday after the close. A copy of the news release, the MD&A, and the financial statements are available on our website and on CR+. Before we jump into the call, please note that certain statements on today's call will contain forward-looking information within the meaning of applicable securities laws. Also, please review the cautionary statements in our news release, as well as the risk factors described in our most regulatory filings. So let's kick off with financial results. We delivered a solid Q1, which was highlighted by revenues of $81 million, up 13% from last year. Additionally, cash flow from operating activities set a new quarterly record at $48 million, which was up 21% from last year. This performance was driven by a 5% and 95% increase in silver and gold sold during the quarter, respectively, and that was combined with a 12% and 45% rise in the selling prices of silver and gold compared to Q1 of last year. Silver remains our most si...