Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported preliminary production and sales results for its second quarter ended Sept. 30, 2026, including revenue of $72.1 million, down 13% year over year. The company processed 213,320 tonnes of ore at its Ying Mining District, producing 0.9 million ounces of silver, 1,371 ounces of gold, 7.6 million pounds of lead and 0.7 million pounds of zinc, according to the Silvercorp Metals (TSX: SVM) (NYSE American: SVM) announcement.
Silver production declined 41% year over year, consistent with previously disclosed expectations, while higher realized silver and gold prices partially offset lower production. The drop in silver output is significant for base and precious metals markets because Silvercorp is a notable producer of silver, lead and zinc, and its results can influence supply expectations for those raw materials.
Operations at Ying resumed following substantial completion of safety improvements, reaching a 90% operating rate by quarter-end. The GC Mine remained suspended pending regulatory approval and additional work. The resumption at Ying is critical for the company's cash flow, while the continued suspension at GC Mine removes a source of production and could tighten regional supply of lead and zinc concentrates.
Construction of the No. 3 mill at Ying remained on track, while development continued at the Kuanping mine and Chaarat ZAAV project. These projects represent organic growth that could eventually increase Silvercorp's output and extend its mine life, which matters for long-term supply planning among smelters and industrial consumers.
At the El Domo mine in Ecuador, unusually heavy rainfall disrupted construction, particularly work on the tailings storage facility, although process plant construction continued to advance. The weather-related delay at El Domo, a copper-gold project, highlights the physical risks that mining companies face as they build new capacity, and any slippage in construction timelines can push back future metal supply.
Silvercorp expects to release its unaudited second-quarter financial results after market close on Nov. 5, 2026. Investors and industry observers can view the full press release at https://ibn.fm/iMmtx and find the latest news and updates relating to SVM in the company\u2019s newsroom at https://ibn.fm/SVM.
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