Silvercorp Metals Inc. reports operating, project, and financing developments for a Canadian mining company producing silver, gold, lead, and zinc. Recurring updates cover production and sales volumes, mine operating costs, capital expenditure guidance, and financial results tied to operations such as the Ying Mining District and GC Mine in China.
Company news also covers exploration drilling, construction activity, and technical disclosures for projects including Kuanping, El Domo, Condor, Tulkubash, and Kyzyltash. Additional announcements address NI 43-101 technical reports, mineral resource estimates, ESG ratings, syndicated loan facilities, and portfolio expansion across China, Ecuador, and Kyrgyzstan.
Silvercorp Metals (SVM) reported adjusted net income of $18.4 million for its second fiscal quarter ended September 30, 2026. Adjusted earnings were $0.08 per basic share, versus $0.10 a year earlier. Revenue fell 13% to $72.1 million as lower production outweighed higher metal prices. Net income attributable to shareholders was $5.3 million, versus a $11.5 million loss.
Operating cash flow rose 60% to $62.7 million, including a $43.9 million Wheaton draw-down, while free cash flow fell 59% to $4.7 million. Ying safety improvements were substantially completed, inspected and approved for operations to resume; GC mining remained suspended. Cash and short-term investments totaled $383.7 million, down $3.4 million from June. After quarter-end, Silvercorp drew approximately US$112 million under syndicated term loans. All financial amounts are in US dollars unless specified.
Silvercorp Metals (SVM) declared a semi-annual dividend of US$0.0125 per share, with payment scheduled on or before December 11, 2026. Shareholders of record at the close of business on November 27, 2026, are entitled to the payment. The dividend is considered an eligible dividend for Canadian tax purposes. Future dividends remain at the board's discretion, based on factors including financial results, operating cash flows and expected cash requirements.
Silvercorp Metals (TSX/NYSE American: SVM) raised El Domo’s construction budget to $298.2 million and pushed back its production target. The budget is $14.6 million above the February 4, 2026 estimate of $283.6 million. Extended rainfall delayed expected completion by four months; the company now targets November 2027 production, subject to weather and contractor performance.
Higher diesel costs, water-management work and plant construction contributed to the increase. Offsets included material reuse and a reduced contingency allowance, with $14.3 million remaining. Expenditures totaled $90.9 million through September 30, 2026, leaving $207.3 million. Plant-site preparation is complete and foundations are progressing. Powerline construction is delayed by additional CNEL reviews and approvals; longer reliance on generators may increase operating costs.
Silvercorp Metals (SVM) reported second-quarter fiscal 2027 revenue of $72.1 million, down 13% year over year as production declined. Consolidated silver production was 0.9 million ounces versus 1.7 million a year earlier, while gold output fell to 1,371 ounces from 2,085. Higher realized silver and gold prices partly offset lower production.
Ying resumed production and ended the quarter at a 90% operating rate after safety improvements costing approximately $13.4 million. GC remains suspended, with production resumption targeted for November 2027 following design approval and upgrades. Ying's No. 3 mill expansion advanced as planned, while heavy rainfall interrupted El Domo construction and damaged completed works. Kuanping and Chaarat construction also progressed. Unaudited financial results for the quarter ended September 30, 2026 are expected on November 5, 2026, after market close.
Silvercorp Metals (SVM) shareholders approved all matters submitted at the annual general and special meeting held on October 2, 2026. A total of 123,182,474 common shares were represented, accounting for 55.69% of votes attached to outstanding shares at the record date. All six director nominees were elected, with support ranging from 83.76% to 98.86%.
Shareholders authorized amendments to the Articles to align the company's governing documents with Hong Kong Stock Exchange listing rules, with 95.74% voting in favor. Amendments to the share-based compensation plan received 84.51% support. Deloitte was re-appointed as auditor for the ensuing year. Final voting results will be filed on SEDAR+, EDGAR and the company's website.
Silvercorp Metals (SVM) revised its proposed Articles amendments for shareholder consideration at its annual general and special meeting on October 2, 2026. The revised Article 16 would prevent the company from requesting information about a director nominee beyond what paragraph 4 specifically enumerates. If approved, the initial amendments would take effect immediately after the meeting.
The resolution also authorizes, but does not require, replacement Articles conditional on the company deciding to pursue a Hong Kong Main Board listing, concurrently with or shortly before its completion. The proxy deadline was extended to September 30, 2026, at 4:00 p.m. Pacific time; existing voting instructions remain valid. Laurel Hill Advisory Group will receive $30,000 for proxy solicitation and shareholder engagement, plus reasonable out-of-pocket expenses.
Silvercorp (SVM) postponed its annual general and special meeting and expanded proposed amendments to its Articles as of September 22, 2026.
The shareholder meeting is moved from September 25 to October 2, 2026 at 10:00 a.m. Pacific time, and the proxy voting deadline is extended to September 30, 2026 at 10:00 a.m. Pacific time. The amended special resolution now covers governance changes including: increasing the shareholder meeting quorum from 5% to 25%; requiring a directors’ meeting quorum of at least one-half of directors in office; deleting the use of alternate directors; and revising advance notice provisions for director nominations by removing the 65‑day maximum filing window, tying deadlines to postponed or adjourned meeting dates, and limiting additional nominee information to what is required under applicable securities laws and stock exchange rules. Hong Kong listing‑related Articles changes would only be implemented if the board proceeds with a Hong Kong listing.
Silvercorp Metals (SVM) has renewed its normal course issuer bid, starting September 21, 2026, authorizing repurchases of up to 8,848,585 common shares, about 4% of the 221,214,642 shares outstanding as of September 8, 2026, until September 20, 2027.
Shares may be bought at market prices on the TSX, NYSE American, and alternative trading systems in Canada and the United States, subject to regulatory limits. The daily purchase cap on the TSX is 261,176 shares, equal to 25% of the recent six‑month average daily trading volume of 1,044,706 shares. All repurchased shares will be cancelled. The company describes the NCIB as a tool to add flexibility if its shares trade below the value of its mining and corporate assets.
Silvercorp (TSX/NYSE American: SVM) released its Fiscal 2026 Sustainability Report for the year ended March 31, 2026, outlining environmental, social and governance performance and targets. The company highlights reduced freshwater withdrawal intensity by 46% versus its 2020 baseline and a 64% year-over-year rise in environmental protection spending to $3.7 million, with zero significant environmental incidents recorded.
Socially, Silvercorp reports over 25,000 hours of production safety training (up 34%), $3.2 million invested in local communities (up 134%), and a 72% local employment rate (up 10%). Governance actions include 87 compliance training sessions and two new corporate policies on waste and emissions management and information security. The report references GRI, SDGs, TCFD, ICMM tailings standards and SASB.
Silvercorp (TSX/NYSE American: SVM) reported the first batch of drill results from the fully permitted Tulkubash/Kyzyltash gold projects in Kyrgyzstan, part of a 50,000–60,000 m program targeting resource conversion and expansion at the Kyzyltash Sulfide Gold Project.
Main Zone drilling (29 diamond holes) outlined multiple broad, subparallel gold structures along a 3,640 m strike. Key intercepts include 212.5 m at 1.68 g/t Au in hole DH26M687, 39.0 m at 4.79 g/t Au including 6.0 m at 22.23 g/t Au in DH26M686, and 47.0 m at 3.95 g/t Au in DH26M818.
Silvercorp said these results confirm multiple broad mineralized zones that remain open at depth and along strike. A refocused program since July 2026 emphasizes in-fill drilling to upgrade resources for a planned Pre-feasibility study, building on an October 15, 2025 mineral resource estimate totaling 3.94 Moz Measured & Indicated and 1.58 Moz Inferred.