Canada · Delayed Price · Currency is CAD Silvercorp Metals Earnings Call Transcripts
Fiscal Year 2026
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Record Q3 revenue and cash flow driven by higher silver prices and strong operational execution. Adjusted net income more than doubled year-over-year, while significant investments and project expansions position the company for future growth.
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Q2 revenue rose 23% to $83M, with adjusted net income up to $22.6M, driven by higher silver and gold prices. Ying mine faced temporary setbacks but is expected to recover in Q3, while El Domo construction accelerates. Net income was impacted by a $53M non-cash charge.
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Q1 fiscal 2026 saw 13% revenue growth and record operating cash flow, with adjusted net income stable year-over-year. A fatal accident at Ying led to regulatory closures and a potential Q2 production shortfall, while growth projects in China and Ecuador advanced.
Fiscal Year 2025
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Record Q4 and full-year results driven by higher metals prices, increased production, and mill expansion. Adjusted Q4 net income rose to $14.7 million, with strong cash flow and a robust cash position. Fiscal 2026 guidance anticipates further production growth and continued investment in key projects.
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Record quarterly revenue and cash flow were driven by higher metals prices and increased production, especially at the Ying Mine. Strong cash position and ongoing project development support a positive outlook, with no direct tariff exposure and continued operational growth.
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Revenue grew 26% year-over-year to $68 million, driven by higher metals prices and increased silver and zinc sales. Net income rose to $18 million, and the company remains on track to meet annual production guidance, with strong cash reserves and ongoing project expansions.
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Record quarterly revenue and net income driven by higher metal prices, with strong cash flow and a robust balance sheet. Major projects, including Ying expansion and El Domo, are progressing on schedule, despite ongoing legal proceedings in Ecuador.