Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported record fiscal 2026 revenue of $438.1 million, a 47% increase year over year, driven by a 72% rise in realized silver prices. The company also generated $310.6 million in operating cash flow and $181.3 million in free cash flow, underscoring its financial strength and operational efficiency.
In the fourth quarter, Silvercorp posted record quarterly revenue of $147.4 million, up 96% from the prior year period, with adjusted EBITDA attributable to equity shareholders reaching $98.1 million. The company ended the fiscal year with $422.3 million in cash and short-term investments, providing a solid foundation to fund growth initiatives.
Silvercorp is advancing several key projects, including 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. These projects are expected to contribute to future production and revenue growth. The company also highlighted continued progress in environmental, social, and governance (ESG) areas, including an improved MSCI ESG rating of AA.
The strong financial results reflect Silvercorp's strategy of focusing on free cash flow generation from long-life mines, organic growth through drilling, and value-creating mergers and acquisitions. The company's commitment to responsible mining and ESG principles remains a core part of its operations.
For more details, the full press release is available at https://ibn.fm/c6tdR. Additional news and updates about Silvercorp can be found in the company's newsroom at https://ibn.fm/SVM.
