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Silvercorp Metals (NYSE: SVM) details Q1 2027 silver, gold and base metal output

Filing Impact
(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Silvercorp Metals Inc. reports Q1 Fiscal 2027 operational results for its Ying Mining District and GC Mine and plans to release unaudited interim financial results on August 10, 2026, after market close.

At Ying, 323,216 tonnes of ore were processed, up 14% over Q1 Fiscal 2026. The mine produced about 1.4 million ounces of silver, 2,536 ounces of gold, 1.6 million ounces of silver equivalent, 12.4 million pounds of lead, and 1.6 million pounds of zinc, with gold output up 24% but other metals down 15%–17% year over year, partly due to lower head grades and a June production suspension. The GC Mine processed 63,237 tonnes of ore, down 16% year over year, and produced about 0.1 million ounces of silver, 1.0 million pounds of lead, and 2.9 million pounds of zinc, with silver production down 39%. Consolidated production totaled 386,453 tonnes of ore processed, 1.5 million ounces of silver, 2,536 ounces of gold, 1.7 million ounces of silver equivalent, 13.4 million pounds of lead, and 4.4 million pounds of zinc. Exploration activities included 74,084 m of drilling and 17,413 m of tunneling at Ying and 12,020 m of drilling and 1,336 m of tunneling at GC.

Positive

  • None.

Negative

  • Metal production declined year over year in Q1 Fiscal 2027, including a 39% drop in silver at the GC Mine and 15%–17% decreases in silver, silver equivalent, lead and zinc output at the Ying Mining District.

Filing Explained

The July 15, 2026 Form 6-K, an interim report furnishing material home-market information, reports Silvercorp’s completed first-quarter Fiscal 2027 operating results and adds sales data alongside production.

Sources and calculations
Total ore processed 386,453 tonnes Consolidated Q1 Fiscal 2027 ore processed at Ying and GC mines
Ying ore processed 323,216 tonnes Ying Mining District Q1 Fiscal 2027, up 14% over Q1 Fiscal 2026
GC ore processed 63,237 tonnes GC Mine Q1 Fiscal 2027, down 16% over Q1 Fiscal 2026
Silver produced 1.5 million ounces Consolidated silver production in Q1 Fiscal 2027
Gold produced 2,536 ounces Consolidated gold production in Q1 Fiscal 2027
Lead produced 13.4 million pounds Consolidated lead production in Q1 Fiscal 2027
Zinc produced 4.4 million pounds Consolidated zinc production in Q1 Fiscal 2027
Ying drilling 74,084 m Drilling completed in Q1 Fiscal 2027 at the Ying Mining District
silver equivalent financial
"Silver equivalent is calculated by converting the gold metal quantity to its silver equivalent"
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.
exploration tunneling technical
"A total of 74,084 m of drilling and 17,413 m of exploration tunneling were 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.
bankable feasibility study financial
"completion of the bankable feasibility study by LogiProc"
A bankable feasibility study is a comprehensive, independently reviewed analysis that shows whether a proposed project is technically sound, legally clear, environmentally acceptable and financially viable enough for banks or other lenders to provide long-term financing. Think of it as a detailed business plan plus an inspector’s report that quantifies costs, revenue forecasts and key risks; investors use it as evidence that the project can deliver returns and secure the funding needed to proceed.
forward-looking statements regulatory
"This news release includes "forward-looking statements" within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Sarbanes-Oxley Act regulatory
"internal control over financial reporting as per the requirements of the Sarbanes-Oxley Act"
A federal law that requires publicly traded companies to follow strict procedures for keeping accurate financial records, performing internal checks, and keeping auditors independent so financial statements can be trusted. It matters to investors because it lowers the chance of fraud or misleading reports—like adding an extra set of locks and routine inspections to a safe—making it easier to judge a company's true financial health and investment risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does Silvercorp Metals (SVM) report for total Q1 Fiscal 2027 production?
Silvercorp reports processing 386,453 tonnes of ore in Q1 Fiscal 2027, producing about 1.5 million ounces of silver, 2,536 ounces of gold, 1.7 million ounces of silver equivalent, 13.4 million pounds of lead and 4.4 million pounds of zinc.

How did the Ying Mining District perform for Silvercorp Metals (SVM) in Q1 Fiscal 2027?
The Ying Mining District processed 323,216 tonnes of ore, up 14% year over year, and produced about 1.4 million ounces of silver, 2,536 ounces of gold, 1.6 million ounces of silver equivalent, 12.4 million pounds of lead and 1.6 million pounds of zinc.

What were the Q1 Fiscal 2027 results at Silvercorp’s GC Mine (SVM)?
The GC Mine processed 63,237 tonnes of ore, down 16% year over year, and produced about 0.1 million ounces of silver, 1.0 million pounds of lead and 2.9 million pounds of zinc, with silver production decreasing by 39% compared to Q1 Fiscal 2026.

When will Silvercorp Metals (SVM) release its Q1 Fiscal 2027 financial results?
Silvercorp expects to release its Q1 Fiscal 2027 unaudited interim financial results on Monday, August 10, 2026, after market close, following the operational update covering production and exploration activity at the Ying Mining District and the GC Mine.

What exploration work did Silvercorp Metals (SVM) complete in Q1 Fiscal 2027?
At Ying, Silvercorp completed 74,084 m of drilling and 17,413 m of exploration tunneling. At the GC Mine, it completed 12,020 m of drilling and 1,336 m of exploration tunneling, supporting organic growth through continued resource definition and discovery efforts.

How does Silvercorp Metals (SVM) define silver equivalent in this report?
Silver equivalent is calculated by converting the gold metal quantity to silver using the ratio between net realized selling prices of gold and silver, then adding that converted amount, expressed in silver ounces, to the ounces of silver produced to obtain total silver equivalent ounces.

What caused lower metal production at Silvercorp’s Ying operation in Q1 Fiscal 2027?
Silvercorp attributes lower production of silver, silver equivalent, lead and zinc at Ying, with decreases of 15%–17% year over year, to lower head grades associated with increased shrinkage mining and a production suspension in June during Q1 Fiscal 2027.

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File No. 001-34184

SILVERCORP METALS INC.
(Translation of registrant’s name into English)

Suite 1750 - 1066 West Hastings Street
Vancouver, BC Canada V6E 3X1
(Address of principal executive office)

[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F]

Form 20-F [   ] Form 40-F [ X ]

 

 

 
 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
Dated: July 15, 2026 SILVERCORP METALS INC.
   
  /s/ Jonathan Hoyles
  Jonathan Hoyles
  General Counsel and Corporate Secretary

 

 

 

 
 

 

 

 

EXHIBIT INDEX

   
EXHIBIT DESCRIPTION OF EXHIBIT

 

99.1 News Release - July 15, 2026 - Silvercorp Reports Operational Results and Financial Results Release Date for the First Quarter, Fiscal 2027

 

 

Exhibit 99.1

  

 

   


 

Silvercorp Reports Operational Results and Financial Results Release Date for the First Quarter, Fiscal 2027

Trading Symbol:  TSX/NYSE American: SVM

VANCOUVER, BC, July 15, 2026 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports production and sales figures for the first quarter ended June 30, 2026 ("Q1 Fiscal 2027"). Silvercorp expects to release its Q1 Fiscal 2027 unaudited interim financial results on Monday, August 10, 2026, after market close.

Q1 Fiscal 2027 Operational Highlights 

•Strong Revenue of $138.7 million, representing an increase of 70% over the same quarter last year ("Q1 Fiscal 2026");
•Proactive Safety Compliance: Starting mid June, we voluntarily suspended operations to conduct comprehensive self-reviews and complete the "Six Major Safety Systems" underground upgrades in full compliance with new Chinese government regulations. While this one-time initiative temporarily impacted metals production during the quarter, it lays a solid foundation for sustainable operations;
•Production Results: Silver production of 1.5 million ounces (down 17% over Q1 Fiscal 2026), gold production of 2,536 ounces (up 24% over Q1 Fiscal 2026); silver equivalent1 production of 1.7 million ounces (down 15% over Q1 Fiscal 2026); lead production of 13.4 million pounds (down 15% over Q1 Fiscal 2026), zinc production of 4.4 million pounds (down 15% over Q1 Fiscal 2026);
•Exploration & Mill Expansion on Track: Active exploration continued at the Ying Mining District and the GC Mine, with a total of 86,104 metres ("m") of drilling and 18,749 m of exploration tunneling completed; construction of No. 3 mill at the Ying Mining District commenced, with the foundation treatment and the elevated water tank currently in progress;
•Mine Development & Construction:
•Kuanping mine construction continued, with 2,155 m of ramp development, 886 m of exploration tunneling and 3,716 m of drilling completed;
•El Domo mine construction advanced steadily despite rainfall challenges in the quarter. The non-contact water channel, foundation work of the processing plant and initial dam for the tailings storage facility advanced with a total of approximately 604,600 cubic metres of earthworks excavation and fill completed. The open-pit pre-stripping commenced, with efficiency being improved via equipment additions, expanded operational areas, and road upgrades. Meanwhile, major equipment for the processing plant and water treatment station has been procured and shipped to the Country. The contract for the construction of the process plant has been concluded with TGJA, a contractor who has just built the 80,000 tonne per day flotation mill for the Mirador copper-gold mine in Ecuador. The Company is working on the target of commissioning the operation by July 2027 as planned;
•Chaarat ZAAV project is progressing as planned. A mining contractor, CRCC19, has been hired after a bidding process that involved five bidders. CRCC19 is currently operating in Kyrgyzstan and is also the mining contractor for our El Domo project in Ecuador. Construction of the temporary camp and related facilities is under way, and CRCC19 has started to build access roads to the open pit mine and waste dump, and to prepare of the site foundation for the heap leach pad area. A 50,000 m drilling program, including both in-fill and step-out, has advanced 12,967 m of drilling during the quarter with 16 drill rigs, the assay results are pending. In addition, a bankable feasibility study is currently under compilation by LogiProc, a third party engineering firm, and is expected to be completed in late July 2026.

Q1 Fiscal 2027 Production Details

The Ying Mining District processed 323,216 tonnes of ore, up 14% over Q1 Fiscal 2026. Approximately 1.4 million ounces of silver, 2,536 ounces of gold, or 1.6 million ounces of silver equivalent1, plus 12.4 million pounds of lead and 1.6 million pounds of zinc were produced, representing an increase of 24% in gold and decreases of 16%, 17%, 15%, and 15% in silver, silver equivalent, lead and zinc, respectively, over Q1 Fiscal 2026. Lower production was due to lower head grades associated with an increase in shrinkage mining and the production suspension in June. A total of 74,084 m of drilling and 17,413 m of exploration tunneling were completed in Q1 Fiscal 2027.

The GC Mine processed 63,237 tonnes of ore, down 16% over Q1 Fiscal 2026. Approximately 0.1 million ounces of silver, 1.0 million pounds of lead and 2.9 million pounds of zinc were produced, representing decreases of 39%, 12% and 16% in silver, lead and zinc, respectively, over Q1 Fiscal 2026. A total of 12,020 m of drilling and 1,336 m of exploration tunneling were completed in Q1 Fiscal 2027.

  Q1 Fiscal 2027   Q1 Fiscal 2026
  Ying Mining
District		 GC Consolidated   Ying Mining
District		 GC Consolidated
Silver-lead Ore Processed (tonnes) 290,064 63,237 353,301   252,958 74,869 327,827
Silver (grams/tonne) 160 51     217 69  
Lead (%) 2.1 0.8     2.8 0.8  
Zinc (%) 0.4 2.3     0.5 2.3  
               
Gold Ore Processed (tonnes) 33,152  - 33,152   30,397  - 30,397
  Gold (grams/tonne) 1.2  -     1.5  -  
Silver (grams/tonne) 48  -     51  -  
Lead (%) 0.9  -     0.8  -  
Total Ore Processed (tonnes) 323,216 63,237 386,453   283,355 74,869 358,224
               
Recovery Rates              
Silver (%) 94.8 84.0     94.6 85.3  
Gold (%)* 90.5  -     93.4  -  
Lead (%) 92.4 92.3     94.1 90.1  
Zinc (%) 65.2 90.6     64.3 90.0  
               
Metals Produced              
Silver (million ounces) 1.4 0.1 1.5   1.7 0.1 1.8
Gold (ounces) 2,536  - 2,536   2,050  - 2,050
Silver equivalent (million ounces) 1.6 0.1 1.7   1.9 0.1 2.0
Lead (million pounds) 12.4 1.0 13.4   14.6 1.1 15.7
Zinc (million pounds) 1.6 2.9 4.4   1.8 3.4 5.2
               
Metals Sold              
Silver (million ounces) 1.4 0.1 1.5   1.7 0.1 1.8
Gold (ounces) 2,454  - 2,454   1,951  - 1,951
Lead (million pounds) 12.7 1.0 13.7   14.1 1.1 15.2
Zinc (million pounds) 1.3 2.9 4.2   1.9 3.3 5.2
*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 Q1 Fiscal 2027 unaudited interim financial results;   compliant and sustainable operations; timing of commissioning of the El Domo mine and completion of the bankable feasibility study by LogiProc.  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, Ecuador and Kyrgyzstan;  ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; integration and operations of Adventus and Chaarat ZAAV CJSC; environmental risks; natural disasters; dependence on management and key personnel; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations(including flooding and severe weather); 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; uncertainties in geopolitical conditions; 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/silvercorp-reports-operational-results-and-financial-results-release-date-for-the-first-quarter-fiscal-2027-302825887.html

SOURCE Silvercorp Metals Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2026/15/c5468.html

%CIK: 0001340677

CO: Silvercorp Metals Inc.

CNW 08:00e 15-JUL-26

Source: View Original Filing on SEC EDGAR

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