Silvercorp Metals Inc. (SVM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for standing by. My name is Luthi and I will be your conference operator today. At this time, I would like to welcome everyone to the Silver Corp Second 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, seem to press the star followed by the number one on your telephone keypad. If you would like to withdraw your question, please press the star followed by the number two. Thank you. I would now like to turn the conference over to Lon Shaver, president of Silver Corp. Please go ahead. Thank you, Louie. On behalf of Silver Corp., I'd like to welcome everyone to this call to discuss our second quarter fiscal 2026 financial results. They were released yesterday after the market closed, and a copy of our news release, MDMA, and financial statements are available on our website and CR+. Before we get going, please note that certain statements on today's call will contain forward-looking information within the meaning of securities laws. And 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 kick off the call with our financial results. We delivered more solid performance in Q2, highlighted by our revenues of $83 million, which was up 23% from last year. and marks the second highest quarter ever. Additionally, cash flow from operating activities was 39 million, and that was up 69% from last year. This performance was mainly driven by a 28% and 37% rise in the realized selling prices for silver and gold compared to last year. Also notably, the amount of...