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SVM-News
SVM-Events
Company Reports Q2 Revenue of $138.67M
Reports Q2 revenue $138.67M vs. $81.33M last year. The company said, "Produced approximately 1.5 million ounces of silver, 2,536 ounces of gold, or approximately 1.7 million ounces of silver equivalent during the quarter."
Q1 Revenue Reaches $138.66M, Exceeds Consensus
Reports Q1 revenue $138.66M, consensus $133.6M. Reports Q1 production 1.5M ounces of silver, 2,536 ounces of gold, or approximately 1.7M ounces of silver equivalent.
Silvercorp Metals Reports Q1 Silver Production Down 17%
Silvercorp Metals reports production for the Q1. Silver production of 1.5M ounces, down 17% from last year; gold production of 2,536 ounces, up 24% over last year; silver equivalent production of 1.7M ounces, down 15% from last year; lead production of 13.4M pounds, down 15% from last year; zinc production of 4.4M pounds, down 15% from last year. Exploration & Mill Expansion on Track: Active exploration continued at the Ying Mining District and the GC Mine, with a total of 86,104 metres ("m") of drilling and 18,749 m of exploration tunneling completed; construction of No. 3 mill at the Ying Mining District commenced, with the foundation treatment and the elevated water tank currently in progress; Mine Development & Construction: Kuanping mine construction continued, with 2,155 m of ramp development, 886 m of exploration tunneling and 3,716 m of drilling completed; El Domo mine construction advanced steadily despite rainfall challenges in the quarter. The non-contact water channel, foundation work of the processing plant and initial dam for the tailings storage facility advanced with a total of approximately 604,600 cubic metres of earthworks excavation and fill completed. The open-pit pre-stripping commenced, with efficiency being improved via equipment additions, expanded operational areas, and road upgrades. Meanwhile, major equipment for the processing plant and water treatment station has been procured and shipped to the Country. The contract for the construction of the process plant has been concluded with TGJA, a contractor who has just built the 80,000 tonne per day flotation mill for the Mirador copper-gold mine in Ecuador. The Company is working on the target of commissioning the operation by July 2027 as planned; Chaarat ZAAV project is progressing as planned.
Silvercorp Metals Temporarily Slows Operations Due to New Safety Measures in China
Silvercorp Metals announced that further to new nationwide safety measures imposed across the Chinese mining industry, it will experience a temporary slowdown in operations at its Ying and GC mining operations. During this time the company will work with the government regulators as it implements new safety systems and obtains the necessary approvals to resume full operations.
Front-Month Silver Futures Fall Below $60 for First Time in 2026, Silver Stocks Drop
Front-month Silver futures are below $60 per ounce for the first time in 2026, sending shares of Silver-mining companies lower in pre-market trading: Hecla Mining (HL) is down 2.5%, Endeavour Silver (EXK) is down 2.3%, First Majestic Silver (AG) is down 3.6%, Silvercorp (SVM) is down 2.7%, and Avino Silver (ASM) is down 3.6%.
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