Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported first-quarter fiscal 2027 revenue of $138.7 million, a 70% increase year over year, even as silver production declined following a voluntary suspension of operations to complete underground safety upgrades required under new Chinese regulations. The company said silver production fell 17% to 1.5 million ounces, while silver equivalent production decreased 15% to 1.7 million ounces. Gold production, however, rose 24% to 2,536 ounces during the quarter.
The voluntary suspension, initiated in mid-June, allowed Silvercorp to implement safety upgrades mandated by Chinese regulatory changes. The company expects to release its unaudited first-quarter financial results after market close on Aug. 10, 2026.
Despite the production setback, Silvercorp continues to advance its development pipeline across multiple projects. At the Ying Mining District, construction of the Ying No. 3 mill is underway. At the El Domo project in Ecuador, the company reported that the project remains on track for commissioning in July 2027. Additionally, work continues on a bankable feasibility study for the Chaarat ZAAV project in Kyrgyzstan, which is expected to be completed in late July 2026.
The company also highlighted exploration and construction activities at the GC Mine and Kuanping mine. Silvercorp, a Canadian mining company producing silver, gold, lead, and zinc, emphasizes its strategy of generating free cash flow from long-life mines, organic growth through drilling, merger and acquisition efforts, and a commitment to responsible mining and ESG principles.
For more details, the full press release is available at https://ibn.fm/y3rTY. The latest news and updates relating to SVM can be found in the company’s newsroom at https://ibn.fm/SVM.
