Silvercorp Metals Inc. (SVM) Q1 2027 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. Good afternoon. My name is Ina and I will be your conference operator today. At this time, I would like to welcome everyone to the Silver Corp First Quarter Fiscal 2027 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 two. Thank you. I would now like to turn the conference over to Lon Shaver, president of SilverCorp. Please go ahead. Thank you, Ina. On behalf of SilverCorp, I'd like to thank everyone for joining this call today to discuss our Q1 fiscal 2027 financial results, which were released yesterday afternoon. Copies of the news release, the MD&A, and the financial statements are available on CDAR+. Before we start, please note that certain statements on today's call will contain forward-looking information within the meaning of securities laws. Also, please review the cautionary statements in our news release as well as the risk factors described in our most recent regulatory filings. So let's start with our financial results. We delivered a strong first quarter despite the temporary production slowdown at our Chinese operations that's related to the safety upgrades that began in June. Revenue rose 70% year-over-year to $139 million, while cash flow from operating activities and free cash flow reached nearly $62 million and $29 million, respectively, and that was up 28% and 27% from the prior year. This performance was mainly driven by a 135% increase in the realized selling price of silver, which averaged above $69...