Silvercorp Reports Operational Results and Financial Results Release Date for the Third Quarter, Fiscal 2026

Rhea-AI Summary

Silvercorp (TSX: SVM) reported Q3 Fiscal 2026 operational results and set its unaudited interim financial release for Feb 9, 2026 after market close. The company recorded approximately $126.1 million in revenue, a 51% increase year-over-year. Consolidated metals produced included 1.9M oz silver, 2,096 oz gold, 16.4M lbs lead, and 7.0M lbs zinc. Ying processed 328,425 tonnes (up 18%) and GC processed 87,095 tonnes (up 4%). Total drilling and exploration tunneling of 89,208 m and 22,271 m were completed. The release notes lower head grades tied to XRT sorter maintenance and higher dilution at Ying.

Positive

• Revenue approximately $126.1M, +51% YoY
• Ying ore processed 328,425 tonnes, +18% YoY
• GC zinc production +15% YoY at the GC mine
• Total drilling 89,208 metres completed in Q3 Fiscal 2026

Negative

• Ying silver head grade fell from 226 to 190 g/t (~16%)
• Ying zinc production declined ~16% YoY
• Operational disruption from XRT sorter maintenance and higher dilution reduced head grades

News Market Reaction

+1.29% 1.6x vol

44 alerts

+1.29% News Effect

+4.8% Peak in 4 hr 32 min

+$32M Valuation Impact

$2.49B Market Cap

1.6x Rel. Volume

On the day this news was published, SVM gained 1.29%, reflecting a mild positive market reaction. Argus tracked a peak move of +4.8% during that session. Our momentum scanner triggered 44 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $32M to the company's valuation, bringing the market cap to $2.49B at that time. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q3 FY26 revenue: $126.1M Silver production: 1.9M ounces Silver equivalent: 2.0M ounces +5 more

8 metrics

Q3 FY26 revenue $126.1M Record, up 51% vs Q3 Fiscal 2025

Silver production 1.9M ounces Q3 Fiscal 2026, down 4% YoY

Silver equivalent 2.0M ounces Q3 Fiscal 2026, down 5% vs 2.1M oz Q3 FY25

Lead production 16.4M pounds Q3 Fiscal 2026, down 4% YoY

Zinc production 7.0M pounds Q3 Fiscal 2026, up 5% YoY

Ying ore processed 328,425 tonnes Q3 Fiscal 2026, up 18% YoY

Exploration drilling 89,208 m Q3 Fiscal 2026, Ying and GC combined

Exploration tunneling 22,271 m Q3 Fiscal 2026, Ying and GC combined

Market Reality Check

Price: $11.31 Vol: Volume 4,365,340 is below...

normal vol

$11.31 Last Close

Volume Volume 4,365,340 is below the 20-day average of 5,685,644, suggesting no outsized trading surge ahead of results. normal

Technical Price $10.20 is trading above the 200-day MA at $5.53, reflecting a sustained uptrend into this operational update.

Peers on Argus

SVM gained 2.23% pre-release while silver peers like EXK (+5.57%) and AG (+6.10%...

SVM gained 2.23% pre-release while silver peers like EXK (+5.57%) and AG (+6.10%) also advanced; MAG lagged at -1.96%, but overall direction for key peers skewed positive.

Common Catalyst Peer AG reported 2025 production, 2026 outlook, and a dividend increase, indicating a broader focus on silver producers’ operating performance and capital returns.

Historical Context

5 past events · Latest: Nov 06 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 06	Quarterly earnings	Positive	+0.7%	Reported Q2 2026 revenue growth, strong EBITDA and operating cash flow.
Oct 15	Operational update	Positive	+5.0%	Q2 2026 operational results with rising revenue and silver output.
Jul 15	Operational update	Positive	+0.0%	Q1 2026 operational results with higher revenue and silver production.
May 22	Full-year earnings	Positive	+0.0%	Fiscal 2025 results with higher revenue, profit and strong balance sheet.
Apr 16	Ops & guidance	Positive	+0.0%	Q4/FY 2025 ops plus Fiscal 2026 production and capex guidance.

Pattern Detected

Earnings and operational updates have generally been positive, but price reactions have been mixed, with three aligned moves and two notable divergences on strong results.

Recent Company History

Over the last six news events, Silvercorp has combined strong operating and financial performance with corporate developments. Q2 Fiscal 2026 results showed $83.3M revenue and solid cash generation, while multiple operational updates highlighted growing ore throughput and exploration. Fiscal 2025 delivered record $298.9M revenue and robust cash flow, alongside the Adventus acquisition and convertible note financing. Today’s Q3 Fiscal 2026 operational release, featuring record revenue and mixed metal volumes, continues the theme of growth with active project development.

Market Pulse Summary

This announcement highlights record Q3 Fiscal 2026 revenue of $126.1M, driven by higher ore throughp...

Analysis

This announcement highlights record Q3 Fiscal 2026 revenue of $126.1M, driven by higher ore throughput, alongside modest declines in silver and lead volumes and higher zinc output. Extensive drilling and tunneling at Ying and GC, plus ongoing Kuanping mine construction, underscore the growth pipeline. Investors may watch the February 9, 2026 financial release for detailed costs, margins, and cash flow to assess how lower head grades affected profitability.

Key Terms

silver equivalent, head grade, xrt sorter, exploration tunneling

4 terms

silver equivalent financial

"silver equivalent (only silver and gold) production of 2.0 million ounces"

A "silver equivalent" converts the value or quantity of other metals (like gold, lead, or zinc) into the amount of silver they’re worth using current price ratios, so a mixed-metal output can be reported as a single silver total. For investors this makes it easy to compare and sum the value of different metals — like turning various fruits into the same currency of apples — helping assess production, revenue potential, and project scale without juggling multiple metal prices.

head grade technical

"Lower production was due to lower head grades, as a result of the XRT sorter"

The head grade is the concentration of the valuable metal or mineral in the rock delivered to a mine’s processing plant, expressed as a percentage or grams per tonne. It matters to investors because higher head grades generally mean more metal recovered per tonne of rock, boosting revenue and lowering processing costs—think of it as the sweetness of fruit sent to a juice factory: the sweeter the fruit, the more juice you get per batch.

xrt sorter technical

"as a result of the XRT sorter undergoing maintenance in October 2025"

An XRT sorter is industrial equipment that uses X-ray transmission to ‘see through’ items on a conveyor and distinguish materials by their internal density and atomic composition, then eject unwanted pieces. For investors, it matters because the machine can materially raise recovery rates, reduce contamination and lower processing costs in recycling, mining and food production — essentially improving yield and margins like upgrading from a hand-sorted to a high-speed, precision inspection line.

exploration tunneling technical

"89,208 metres ("m") of drilling and 22,271 m of exploration tunneling completed"

Exploration tunneling is the practice of digging horizontal or angled passageways into the ground to reach and study underground rock and mineral deposits. It matters to investors because tunnels let geologists collect direct samples and install instruments, reducing uncertainty about how much resource is present and how hard it will be to extract; think of it as cutting into a cake to see its layers rather than guessing from the icing, which affects project costs, timeline and risk.

AI-generated analysis. Not financial advice.

Trading Symbol:   TSX/NYSE American: SVM

VANCOUVER, BC, Jan. 15, 2026 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports production and sales figures for the third quarter ended December 31, 2025 ("Q3 Fiscal 2026"). Silvercorp expects to release its Q3 Fiscal 2026 unaudited interim financial results on Monday, February 9, 2026, after market close.

Q3 Fiscal 2026 Operational Highlights  

• Record revenue of approximately $126.1 million, an increase of 51% over the same quarter last year ("Q3 Fiscal 2025");
• Silver production of 1.9 million ounces, a decrease of 4% over Q3 Fiscal 2025; silver equivalent (only silver and gold)ⁱ production of 2.0 million ounces, a decrease of 5% compared to 2.1 million ounces in Q3 Fiscal 2025;
• Lead production of 16.4 million pounds, a decrease of 4% over Q3 Fiscal 2025;
• Zinc production of 7.0 million pounds, an increase of 5% over Q3 Fiscal 2025;
• Stockpiled 61,105 tonnes of ore at the Ying Mining District to be processed during the Chinese New Year;
• Active exploration continued at the Ying Mining District and the GC Mine with a total of 89,208 metres ("m") of drilling and 22,271 m of exploration tunneling completed; and
• Kuanping mine construction continued, with 3,297 m of ramp development and 693 m of exploration tunneling completed.

Q3 Fiscal 2026 Operational  Details

The Ying Mining District processed 328,425 tonnes of ore, up 18% over Q3 Fiscal 2025. Approximately 1.7 million ounces of silver, 2,096 ounces of gold, or 1.9 million ounce of silver equivalent, plus 14.7 million pounds of lead, and 1.9 million pounds of zinc were produced, representing production an increase of 2% in gold and decreases of 2%, 4%, 4%, and 16% in silver, silver equivalent, lead and zinc, respectively, over Q3 Fiscal 2025. Lower production was due to lower head grades, as a result of the XRT sorter undergoing maintenance in October 2025 and higher dilution associated with an increase in shrinkage mining. A total of 76,607 m of drilling and 19,917 m of exploration tunneling were completed in Q3 Fiscal 2026.

The GC Mine processed 87,095 tonnes of ore, up 4% over Q3 Fiscal 2025. Approximately 0.1 million ounces of silver, 1.7 million pounds of lead, and 5.1 million pounds of zinc were produced, representing an increase of 15% in zinc and decreases of 28% in silver and 6% in lead over Q3 Fiscal 2025. A total of 12,601 m of drilling and 2,353 m of exploration tunneling were completed in Q3 Fiscal 2026.

Consolidated Operational Results for the Three Months Ended December 31, 2025 and 2024

	Q3 Fiscal 2026				Q3 Fiscal 2025
	Ying Mining District	GC	Consolidated		Ying Mining District	GC	Consolidated
Ore Processed (tonnes)	328,425	87,095	415,520		277,695	84,115	361,810
Silver-lead Ore (tonne)	299,217	87,095	386,312		255,783	84,115	339,898
Gold Ore (tonne)	29,208	—	29,208		21,912	—	21,912
Head Grade for Silver-lead Ore
Silver (grams/tonne)	190	52			226	77
Lead (%)	2.3	1.0			2.9	1.1
Zinc (%)	0.4	2.9			0.6	2.7
Head Grade for Gold Ore
Gold (grams/tonne)	1.2	—			2.1	—
Silver (grams/tonne)	57	—			67	—
Lead (%)	1.1	—			0.7	—
Recovery Rates
Gold (%)*	92.8	—			94.6	—
Silver (%)	95.3	85.9			94.7	82.8
Lead (%)	93.6	89.1			94.0	90.3
Zinc (%)	63	92.7			68.9	90.3
Metals Produced
Silver (million ounces)	1.7	0.1	1.9		1.8	0.2	1.9
Gold (ounces)	2,096	—	2,096		2,056	—	2,056
Silver equivalent (million ounces)	1.9	0.1	2.0		2.0	0.2	2.1
Lead (million pounds)	14.7	1.7	16.4		15.2	1.9	17.1
Zinc (million pounds)	1.9	5.1	7.0		2.3	4.4	6.7
Metals Sold
Silver (million ounces)	1.7	0.1	1.9		1.8	0.2	2.0
Gold (ounces)	2,250	—	2,250		1,875	—	1,875
Lead (million pounds)	14.7	1.8	16.4		15.2	1.9	17.1
Zinc (million pounds)	1.9	5.2	7.0		2.2	4.4	6.6
*Only representing the gold recovery rate for Gold Ore.

Consolidated Operational Results for the Nine Months Ended December 31, 2025 and 2024

	Nine months ended December 31,2025				Nine months ended December 31,2024
	Ying Mining District	GC	Consolidated		Ying Mining District	GC	Consolidated
Ore Processed (tonnes)	876,782	238,212	1,114,994		709,435	257,276	966,711
Silver-lead Ore (tonne)	787,343	238,212	1,025,555		661,972	257,276	919,248
Gold Ore (tonne)	89,439	—	89,439		47,463	—	47,463
Head Grade for Silver-lead Ore
Silver (grams/tonne)	204	61			239	67
Lead (%)	2.6	0.9			3.0	0.9
Zinc (%)	0.5	2.7			0.6	2.5
Head Grade for Gold Ore
Gold (grams/tonne)	1.3	—			1.9	—
Silver (grams/tonne)	63	—			80	—
Lead (%)	0.9	—			1.0	—
Recovery Rates
Gold (%)*	93.5	—			93.6	—
Silver (%)	95.5	85.6			94.8	83.0
Lead (%)	93.8	89.4			94.1	89.6
Zinc (%)	64.2	91.4			70.6	90.3
Metals Produced
Silver (million ounces)	5.0	0.4	5.3		4.9	0.5	5.3
Gold (ounces)	6,231	—	6,231		4,385	—	4,385
Silver equivalent (million ounces)	5.5	0.4	5.9		5.2	0.5	5.7
Lead (million pounds)	42.2	4.2	46.4		41.3	4.6	45.9
Zinc (million pounds)	5.2	12.7	17.9		6.5	12.4	18.9
Metals Sold
Silver (million ounces)	5.0	0.4	5.4		4.9	0.4	5.3
Gold (ounces)	6,234	—	6,234		4,112	—	4,112
Lead (million pounds)	42.2	4.2	46.4		41.3	4.7	46.0
Zinc (million pounds)	5.2	12.7	17.9		6.5	12.5	19.0
*Only representing the gold recovery rate for Gold Ore.

About Silvercorp

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.

For further information
Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com 

CAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTS

This news release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable securities laws relating to, among other things statements regarding the timing of release the Company's Q3 Fiscal 2026 unaudited interim financial results, and the amount of ore at the Ying Mining District to be processed during the Chinese New Year. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.  Forward-looking information may in some cases be identified by words such as "will", "anticipates", "expects", "intends" and similar expressions suggesting future events or future performance.

We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors, including  fluctuating commodity prices; recent market events and condition; estimation of mineral resources, mineral reserves and mineralization and metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; climate change; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into existing operations; permits and licences for mining and exploration in China; title to properties; non-controlling interest shareholders; acquisition of commercially mineable mineral rights; financing; competition; operations and political conditions; regulatory environment in China; regulatory environment and political climate in Bolivia and Ecuador; integration and operations of Adventus; environmental risks; natural disasters; dependence on management and key personnel; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; conflicts of interest; internal control over financial reporting as per the requirements of the Sarbanes-Oxley Act; outcome of current or future litigation or regulatory actions; bringing actions and enforcing judgments under U.S. securities laws; cyber-security risks; public health crises; the Company's investment in New Pacific Metals Corp. and Tincorp Metals Inc.; and the other risk factors described in the Company's Annual Information Form and in the Company's Annual Report on Form 40-F, and other filings with Canadian and U.S. regulators on www.sedarplus.ca and www.sec.gov; could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents expectations as of the date of this news release and is subject to change after such date. However, we are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.

A comprehensive discussion of other risks that impact Silvercorp can also be found in its public reports and filings which are available under its profile at www.sedarplus.ca.

ⁱ Silver equivalent is calculated by converting the gold metal quantity to its silver equivalent using the ratio between the net realized selling prices of gold and silver achieved, and then adding the converted amount expressed in silver ounces to the ounces of silver.

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SOURCE Silvercorp Metals Inc.

FAQ

When will Silvercorp (SVM) release Q3 Fiscal 2026 interim financial results?

Silvercorp expects to release unaudited interim financial results on February 9, 2026 after market close.

How much revenue did Silvercorp (SVM) report for Q3 Fiscal 2026?

Silvercorp reported approximately $126.1 million in revenue for Q3 Fiscal 2026, a 51% increase year-over-year.

What were Silvercorp's (SVM) consolidated metal production figures for Q3 Fiscal 2026?

Consolidated production was about 1.9M oz silver, 2,096 oz gold, 16.4M lbs lead, and 7.0M lbs zinc.

What caused lower head grades at Silvercorp's Ying mining district in Q3 Fiscal 2026?

The company cited XRT sorter maintenance in October 2025 and higher dilution from increased shrinkage mining.

How much exploration and development did Silvercorp (SVM) complete in Q3 Fiscal 2026?

Silvercorp completed 89,208 metres of drilling and 22,271 metres of exploration tunneling in Q3 Fiscal 2026.