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 generated $310.6 million in operating cash flow and $181.3 million in free cash flow during the fiscal year. In the fourth quarter, Silvercorp posted record quarterly revenue of $147.4 million, up 96%, and adjusted EBITDA attributable to equity shareholders of $98.1 million.
The company ended the fiscal year with $422.3 million in cash and short-term investments, reflecting a strong balance sheet. Silvercorp is advancing growth initiatives, 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 cash flow.
Silvercorp also highlighted continued progress in environmental, social, and governance (ESG) areas, including an improved MSCI ESG rating of AA. The company's strategy focuses on generating free cash flow from long-life mines, organic growth through drilling, mergers and acquisitions, and a commitment to responsible mining. For more details, the full press release is available at https://ibn.fm/c6tdR.
The record financial results underscore Silvercorp's ability to capitalize on higher silver prices while maintaining cost discipline. The company's strong cash flow generation provides flexibility to fund growth projects and return capital to shareholders. Investors can find the latest news and updates on SVM in the company's newsroom at https://ibn.fm/SVM.
