Disseminated on behalf of Silvercorp Metals Inc. (NYSE-A/TSX: SVM) and includes paid advertisement.
- Canadian miner Silvercorp Metals delivered its second-highest year-over-year revenue of its 18-year history, driven by strong production from the Ying Mining District
- Silvercorp expects a sharp increase in the amount of ore mined at Ying during the current quarter, from 265,000 metric tons to approximately 346,000 metric tons
- Q2 2026 gold sales rose 64% YOY, but silver continues to be its primary revenue driver at 67% of the quarterly revenue
- Construction at the El Domo project in Ecuador progressed significantly, with material cut for site preparation, roads and channel construction increasing by 249%
Precious metals miner Silvercorp Metals (NYSE American/TSX: SVM) is reporting a significant boost to its revenue thanks to increases in the market prices of gold and silver and a corresponding increase in Silvercorp’s production of the precious metals in China during the company’s most recent financial quarter ended Sept. 30.
Overall, the company sold approximately 1.66 million ounces of silver, 2,033 ounces of gold, 14.75 million pounds of lead, and 5.67 million pounds of zinc during the quarter, which amounted to a 23% YOY revenue increase to $83.3 million — the second highest recorded during the company’s history (https://ibn.fm/lhdFA).
“The amount of gold sold in the quarter was up 64% compared to last year,” Silvercorp President Lon Shaver said during a Nov. 7 conference call to discuss the results (https://ibn.fm/WAZmh). “Silver remains our most significant revenue contributor at approximately 67% of net Q2 revenue, followed by lead at 16% and gold at 7%.”
Although production was affected by temporary closures in portions of the Ying complex in China, comprising seven mines and two milling facilities, those areas have reopened and the company expects a stronger final months of the year.
“We expect to mine approximately 346,000 tonnes of ore in this current quarter Q3 compared to the 265,000 tonnes mined in Q2,” Shaver said. “We invested $6 million in the quarter for ramp and tunnel development to enhance underground access and increased material handling capabilities. This work goes hand-in-hand with our efforts to expand mining capacity across the 4 licenses at Ying,” he added. “We’re now in the process of applying to increase the TLP LM permit to 600,000 tonnes per year with approval expected later this quarter. Once all approvals are in place, Ying’s total permitted annual mining capacity will rise to 1.32 million tonnes from approximately 1 million tonnes currently.”
The company also made significant advances in mine construction at one of its Ecuador properties, increasing the amount of material cut for site preparation, roads and channel construction by 249% to advance the El Domo mine to production.
In addition to progressing the El Domo project in Ecuador, Silvercorp is also developing the company’s underground Condor Gold project. The company looks to release a preliminary economic assessment for a high-grade underground gold operation later this quarter. Additionally, they have been seeking an environmental license and water permits, with plans to build two exploration tunnels into the deposits, where Silvercorp expects to conduct underground detailed drilling.
Silvercorp’s broader growth strategy also includes incubating other companies’ mining projects. Shaver highlighted the company’s investment in New Pacific Metals, stating, “We have a meaningful investment in New Pacific, which is another public company advancing two very attractive-looking silver projects in Bolivia,” during an October interview with Natural Resource Stocks (https://ibn.fm/HzODP). “We’re pretty open-minded to look at what we think could be value-creating, mine-building opportunities for us.”
With rising metal prices, expanding production capacity at Ying, and advancing development activities in Ecuador, Silvercorp enters the next quarter with strong operational momentum and a clear pipeline of growth initiatives.
For more information, visit the company’s website at https://silvercorpmetals.com/welcome.
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