SILVERCORP METALS INC (SVM) Form 6-K — Nov 5, 2026
Silvercorp reported Q2 FY2027 (quarter ended September 30, 2026) revenue of $72.1 million, down 13% year-over-year, but swung to net income of $11.5 million versus a $4.7 million loss a year earlier, helped by an 82% higher realized silver price of $61.83 per ounce. Production fell sharply — silver output dropped 45% to 0.9 million ounces — due to safety-related operational suspensions at the Ying Mining District and suspension of mining at the GC Mine, which pushed all-in sustaining costs up 73% to $24.13 per ounce of silver.
Key figures
- Eps
- 0.02
- Revenue
- 72097000
- Net Income
- 11504000
- Total Debt
- 121048000
- Revenue Yoy
- -13%
- Total Assets
- 1612761000
- Cash Position
- 383451000
- El Domo Budget
- $298.2M (up $14.6M)
- Free Cash Flow
- $4.7M (down from $11.4M)
- Adjusted EBITDA
- $37.7M attributable to equity shareholders ($0.17/share)
- Aisc Per Oz Silver
- $24.13 (up 73% YoY)
- Six Month Revenue
- $210.8M (up from $164.7M prior year)
- Adjusted Earnings
- $18.4M ($0.08/share)
- Convertible Notes
- US$150M 4.75% notes maturing Dec 15, 2029; liability component $121.0M
- Operating Cash Flow
- $62.7M
- Realized Gold Price
- $3,955/oz
- Six Month Net Income
- $85.5M
- Silver Production Q2
- 0.9M oz (down 45% YoY)
- Cash Cost Per Oz Silver
- $2.14
- Realized Silver Price
- $61.83/oz (up 82% YoY)
- El Domo Production Start
- November 2027
- Gc Mine Resumption Target
- November 2027
- Subsequent Loan Drawdown
- RMB750M (~$112M) initial drawdown under RMB1.5B facilities
AI analysis
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