Silvercorp Metals (SVM.TO) was at last look down near 1% in US premarket after it late on Thursday reported a 17% decrease in silver equivalent production year over year in the fiscal fourth quarter of 2026, even as it also recorded revenue, and provided guidance for fiscal 2027 production, cash and all-in sustaining costs.
Among highlights, the company said it produced 1.6 million ounces of silver equivalent, down from 1.9 million ounces, while it had silver production of 1.5 million ounces, a decrease of 11% over Q4 Fiscal 2025.
Also, lead production fell 14% to 14.0 million pounds and zinc production declined 12% to 3.9 million pounds.
But it recorded revenue of approximately US$147.4 million, an increase of 96% over the same quarter last year.
In fiscal 2027, Silvercorp expects to process 1,526,600 to 1,607,000 tonnes of ore, yielding approximately 6.8 to 7.1 million ounces of silver, 9,500 to 10,000 ounces of gold, or 7.5 to 7.8 million ounces of silver equivalent, 62.7 to 65.8 million pounds of lead, and 22.3 to 23.4 million pounds of zinc. The guidance represents an increase of 3% to 9% in ore processed, 0.04% to 4% in silver, 9% to 15% in gold, 4% to 9% in lead, and 3% to 8% in zinc production compared to the fiscal 2026 results.
The company will release its fiscal 2026 financial results on May 25, after market close.
Shares in SVM rose 2.1% in Canada yesterday.