Silvercorp Metals Inc. reported net income of $18.1 million, or $0.08 per share, for the first quarter of Fiscal 2026, driven by revenue of $81.3 million generated from metal sales including 1.8 million ounces of silver, 1,951 ounces of gold, 15.2 million pounds of lead, and 5.2 million pounds of zinc. Production figures showed strong operational performance with 1.8 million ounces of silver, 2,050 ounces of gold, 15.7 million pounds of lead, and 5.2 million pounds of zinc produced, totaling 2.0 million ounces of silver equivalent. The company maintained cost efficiency with all-in sustaining cost of $13.49 per ounce of silver, net of by-product credits.
Adjusted financial metrics further highlighted Silvercorp's solid performance, with adjusted net income reaching $21.0 million, or $0.10 per share, and EBITDA attributable to equity shareholders at $33.8 million, or $0.15 per share. Cash flow generation was particularly strong, with operating cash flow of $48.3 million contributing to $22.5 million in free cash flow, demonstrating the company's ability to generate substantial liquidity from operations. Strategic capital allocation included $18.8 million invested in China operations and $5.4 million in Ecuador operations, while maintaining shareholder returns through $2.7 million in dividend payments.
The company's financial position remains robust with $377.1 million in cash and cash equivalents and $72.2 million in equity investments, providing significant flexibility for future growth initiatives. A key development during the quarter was the $175 million stream financing commitment from Wheaton Precious Metals International Ltd. for the El Domo project, which represents a major strategic advancement for Silvercorp's expansion plans. Additional information about Silvercorp's financial performance and strategic initiatives is available at https://ibn.fm/rubWN. This comprehensive financial performance underscores Silvercorp's operational stability and strategic positioning in the precious metals sector, with strong production metrics and financial results supporting continued growth trajectory.
