Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported first-quarter fiscal 2027 revenue of $138.7 million, a 70% increase year over year, driven by higher gold production and favorable metal prices. The company produced 1.5 million ounces of silver, down 17% from the prior year, and 1.7 million ounces of silver equivalent, a 15% decline, following a voluntary suspension of operations in mid-June to complete underground safety upgrades required under new Chinese regulations. Gold production rose 24% to 2,536 ounces during the quarter. Silvercorp expects to release its unaudited first-quarter financial results after market close on Aug. 10, 2026.
The revenue growth underscores the company's ability to offset lower silver output with increased gold production and robust commodity prices. The voluntary suspension, while impacting short-term production, aligns with regulatory compliance and safety priorities. Silvercorp also reported continued progress across its development pipeline, including exploration and construction activities at the Ying Mining District, GC Mine, Kuanping mine, the El Domo project in Ecuador, and the Chaarat ZAAV project in Kyrgyzstan. Construction of the Ying No. 3 mill is underway, and El Domo remains on track for commissioning in July 2027. Work continues on a bankable feasibility study for Chaarat ZAAV, expected to be completed in late July 2026.
The advancement of these projects signals Silvercorp's commitment to expanding its production base and diversifying geographically. The El Domo project, in particular, represents a near-term catalyst that could significantly boost the company's metal output. Meanwhile, the Chaarat ZAAV feasibility study will inform future development decisions in Kyrgyzstan. These initiatives are part of Silvercorp's strategy to create shareholder value by focusing on generating free cash flow from long-life mines, organic growth through extensive drilling, merger and acquisition efforts, and a long-term commitment to responsible mining and ESG.
For more details, the full press release is available at https://ibn.fm/y3rTY. Investors can find the latest news and updates relating to SVM in the company's newsroom at https://ibn.fm/SVM.
