Silvercorp Revenue Jumps 70% as Average Realized Silver Price Surges

Silvercorp Metals Inc. (SVM) reported its financial and operating results for Q1 Fiscal 2027, which ended on June 30, 2026.

The company produced approximately 1.5 million ounces of silver, 2,536 ounces of gold, or around 1.7 million ounces of silver equivalent during the quarter.

Silvercorp's revenue reached $138.7 million, a 70% increase from Q1 Fiscal 2026, mainly driven by a 135% higher average realized silver price of $69.38 per ounce.

The company reported an adjusted net income of $53.9 million, or $0.24 per share, and cash flow from operating activities of $61.7 million for Q1 Fiscal 2027.