Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) announced record financial results for fiscal 2026, highlighting a 47% year-over-year increase in revenue to $438.1 million. The growth was fueled by a 72% rise in realized silver prices, which boosted the company's top line and generated robust cash flows. Operating cash flow reached $310.6 million, while free cash flow stood at $181.3 million, underscoring the company's operational efficiency and strong financial position.
In the fourth quarter, Silvercorp posted record quarterly revenue of $147.4 million, up 96% from the prior-year period, 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 ample liquidity to support ongoing growth initiatives. These include the development of the El Domo mine in Ecuador and the completion of its acquisition of a 70% interest in the ZAAV project in Kyrgyzstan.
The record performance reflects Silvercorp's ability to capitalize on rising silver prices while maintaining cost discipline. The company's focus on generating free cash flow from long-life mines continues to underpin its strategy. Organic growth through extensive drilling and ongoing merger and acquisition efforts are key pillars aimed at unlocking additional value for shareholders. Additionally, Silvercorp remains committed to responsible mining and environmental, social, and governance (ESG) principles, as evidenced by its improved MSCI ESG rating of AA.
For more details, the full press release is available at https://ibn.fm/c6tdR. Investors can also access the latest news and updates about SVM at the company's newsroom: https://ibn.fm/SVM.
