Silvercorp Metals Inc. (SVM) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. Good afternoon. My name is Konstantin and I will be your conference operator today. At this time, I would like to welcome everyone to Silvercorp's third quarter fiscal 2026 financial results conference call. All lines have been placed to 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 tar then the number one 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, sir. Thank you, Constantine. On behalf of Silvercorp, I'd like to welcome everyone to this call to discuss our third quarter fiscal 2026 financial results, which were released yesterday. A copy of our news release, the MD&A, and the financial statements are available on our website at CR+. Before we start, please note that certain statements on today's call will contain forward-looking information within the meaning of securities laws. Additionally, please review the cautionary statements on our news release, as well as the risk factors described in our most recent regulatory silence. So, we'll kick off with our financial results. We delivered record-breaking performance in this Q3, highlighted by revenue of $126 million, which was up 51% from last year. Cash flow from operating activities and free cash flow reached $133 million and $90 million, respectively. Those were up 196% and 336% from last year. This performance was mainly driven by an 80% increase in the realized selling price of silver, which added just under $49 an ounce after smelter deductions. Silver accounted for 72% of our r...