Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) announced record fiscal 2026 financial results, with revenue reaching $438.1 million, a 47% increase year-over-year. The company attributed the growth to a 72% rise in realized silver prices, which propelled operating cash flow to $310.6 million and free cash flow to $181.3 million. In the fourth quarter, Silvercorp posted record quarterly revenue of $147.4 million, up 96%, and adjusted EBITDA attributable to equity shareholders of $98.1 million.
The company ended the fiscal year with $422.3 million in cash and short-term investments, providing a strong foundation for its growth initiatives. These include the development of the El Domo mine in Ecuador and the completion of the acquisition of a 70% interest in the ZAAV project in Kyrgyzstan. Silvercorp also highlighted continued progress in environmental, social, and governance (ESG) areas, including an improved MSCI ESG rating of AA.
The record financial performance underscores Silvercorp's ability to capitalize on favorable silver market conditions while maintaining a focus on operational efficiency and shareholder value. The strong cash flow generation positions the company to fund its organic growth projects and pursue strategic mergers and acquisitions. The full press release is available at https://ibn.fm/c6tdR.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc, with a long history of profitability and growth potential. The company's strategy centers on generating free cash flow from long-life mines, organic growth through extensive drilling, ongoing merger and acquisition efforts, and a long-term commitment to responsible mining and ESG. For the latest news and updates, visit the company's newsroom at https://ibn.fm/SVM.
The results highlight the importance of silver as a key metal in the mining sector, with Silvercorp's performance reflecting broader industry trends. Investors and stakeholders will be watching closely to see how the company leverages its strong financial position to drive future growth.
