Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) announced record financial results for fiscal 2026, with annual revenue reaching $438.1 million, a 47% increase from the prior year. The growth was primarily driven by a 72% surge in realized silver prices, highlighting the company's ability to capitalize on the favorable precious metals market. Operating cash flow for the year totaled $310.6 million, while free cash flow reached $181.3 million, underscoring strong operational efficiency.
In the fourth quarter, the company posted record quarterly revenue of $147.4 million, up 96% year-over-year. Adjusted EBITDA attributable to equity shareholders for the quarter was $98.1 million. These results reflect Silvercorp's disciplined cost management and its strategic focus on generating cash flow from its long-life mines.
Silvercorp ended the fiscal year with $422.3 million in cash and short-term investments, providing a solid financial foundation for growth initiatives. The company is advancing the development of the El Domo mine in Ecuador and recently completed the acquisition of a 70% interest in the ZAAV project in Kyrgyzstan. These projects are expected to diversify production and contribute to future growth. For more details, the full press release is available at https://ibn.fm/c6tdR.
The company also highlighted its commitment to environmental, social, and governance (ESG) principles, achieving an improved MSCI ESG rating of AA. This rating reflects Silvercorp's dedication to responsible mining practices, which is increasingly important to investors and stakeholders. More information about the company's initiatives can be found in its newsroom at https://ibn.fm/SVM.
Silvercorp's strategy centers on generating free cash flow from long-life mines, organic growth through extensive drilling, merger and acquisition efforts, and a long-term commitment to responsible mining. The record financial results demonstrate the effectiveness of this approach in a favorable commodity price environment, positioning the company for continued success.
