Trading Symbol: TSX/NYSE American: SVMVANCOUVER, BC, June 12, 2025 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) announces that, further to its news release dated May 12, 2025 (the "Release"), it has filed an updated mineral resource estimate for its Condor gold project (the "Condor Project") titled: "Independent Technical Report for the Condor Project, Ecuador" (the "Technical Report"). The Technical Report is effective February 28, 2025 and was prepa ...

Trading Symbol:           TSX/NYSE American: SVMVANCOUVER, BC, June 5, 2025 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports that the Company has filed today its fiscal 2025 annual report on Form 40-F with the U.S. Securities and Exchange Commission ("SEC").The Form 40-F, which includes the Company's fiscal 2025 annual audited financial statements, management's discussion and analysis, and annual information form, is available on the Company's web ...

Core Viewpoint - Silvercorp reported quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.09 per share, but showing an improvement from $0.02 per share a year ago, indicating a -22.22% earnings surprise [1] Financial Performance - The company posted revenues of $75.11 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.02%, and showing significant growth from year-ago revenues of $42.68 million [2] - Over the last four quarters, Silvercorp has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Silvercorp shares have increased approximately 30.3% since the beginning of the year, contrasting with the S&P 500's decline of -0.6% [3] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $0.10 for the coming quarter and $0.30 for the current fiscal year, alongside expected revenues of $85 million and $287.7 million respectively [7] - The estimate revisions trend for Silvercorp is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6] Industry Context - The Mining - Miscellaneous industry, to which Silvercorp belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating that the industry's outlook can significantly impact the stock's performance [8]

Core Viewpoint - Silvercorp (SVM) is anticipated to report a year-over-year increase in earnings due to higher revenues for the quarter ended March 2025, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is expected to be released on May 22, 2025, with a consensus estimate of $0.09 per share, reflecting a year-over-year increase of 350% [3]. - Revenues are projected to reach $75.1 million, which is a 76% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 16.67% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from the consensus estimate, with a positive reading being a strong predictor of an earnings beat [7][8]. - Silvercorp currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, Silvercorp met the expected earnings of $0.10 per share, resulting in no surprise [12]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [13]. Conclusion - While Silvercorp does not appear to be a compelling earnings-beat candidate, investors should consider other factors when making decisions regarding the stock ahead of its earnings release [16].

Core Viewpoint - Silvercorp Metals Inc. reported significant increases in production and sales figures for Q4 Fiscal 2025 and the entire Fiscal 2025, with expectations for continued growth in Fiscal 2026 [1][6][11]. Fiscal 2025 Operational Highlights - In Q4 Fiscal 2025, the Ying Mining District processed 304,224 tonnes of ore, a 69% increase from Q4 Fiscal 2024, producing approximately 1,563 Koz of silver, 3,110 oz of gold, and 15,563 Klbs of lead, with respective increases of 62%, 47%, 38% [3][6]. - The GC Mine processed 41,760 tonnes of ore, down 27% from Q4 Fiscal 2024, producing 67 Koz of silver, 699 Klbs of lead, and 2,365 Klbs of zinc, reflecting decreases of 23%, 42%, and 16% respectively [4][6]. Consolidated Financial Performance - The company achieved revenue of approximately $75.1 million in Q4 Fiscal 2025, a 76% increase year-over-year, and a record annual revenue of approximately $298.9 million, up 39% from Fiscal 2024 [6][8]. - Record silver production reached approximately 6.9 million ounces for Fiscal 2025, a 12% increase, aligning with the company's annual production guidance [6][8]. Fiscal 2026 Production Guidance - For Fiscal 2026, Silvercorp expects to process between 1,331,000 to 1,369,000 tonnes of ore, with projected production of 8,100 to 9,000 oz of gold, 7,380 to 7,600 Koz of silver, and 65,200 to 66,900 Klbs of lead, indicating increases of 21% to 39% in gold and 6% to 9% in silver production compared to Fiscal 2025 [11][12]. - The cash cost at the Ying Mining District is anticipated to be $86.8 to $88.4 per tonne, while the all-in sustaining cost (AISC) is estimated at $157.8 to $160.5 per tonne [13][16]. Capital Expenditure Guidance - Total capital expenditure for Fiscal 2026 is projected at $86.6 million, with $73.4 million allocated to the Ying Mining District and $9.3 million to the GC Mine [18][19]. - The company plans to invest in ramp and tunnel development, exploration tunneling, and diamond drilling to enhance production capabilities [19][20].

Production and Operations - Silvercorp produced approximately 2.1 million ounces of silver equivalent, including 1.9 million ounces of silver and 2,056 ounces of gold, during the third quarter of fiscal year 2025[11]. - For the three months ended December 31, 2024, the company mined 383,543 tonnes of ore, an increase of 11% compared to 345,273 tonnes in the same period of 2023[14]. - The company produced approximately 2,056 ounces of gold, 1.9 million ounces of silver, and 17.1 million pounds of lead in Q3 Fiscal 2025, representing increases of 53%, 16%, and 2% respectively compared to Q3 Fiscal 2024[16]. - A total of 297,246 tonnes of ore were mined in Q3 Fiscal 2025, representing a 21% increase compared to 245,606 tonnes in Q3 Fiscal 2024[32]. - Gold production increased by 53% to 2,056 ounces in Q3 Fiscal 2025, while silver production rose by 18% to 1.8 million ounces[37]. - The company completed 66,230 metres of diamond drilling in Q3 Fiscal 2025, valued at $2.0 million, compared to 87,017 metres valued at $2.4 million in Q3 Fiscal 2024[27]. - The company completed approximately 55,547 metres of diamond drilling in Q3 Fiscal 2025, down from 63,778 metres in Q3 Fiscal 2024[40]. Financial Performance - The company reported revenue of $83.6 million, with net income attributable to equity shareholders of $26.1 million, or $0.12 per share[11]. - Revenue in Q3 Fiscal 2025 was $83.6 million, a 43% increase from $58.5 million in Q3 Fiscal 2024, driven by higher realized selling prices and increased sales of gold, silver, and lead[108]. - Income from mine operations in Q3 Fiscal 2025 was $29.2 million, up 25% compared to $23.3 million in Q3 Fiscal 2024, primarily due to increased revenue from higher metal selling prices and sales volume[114]. - The Company's consolidated financial results showed a 30% increase in revenue for the nine months ended December 31, 2024, reaching $223.8 million compared to $172.5 million in the same prior year period[125]. - Net income attributable to equity shareholders for the nine months ended December 31, 2024, was $65.8 million or $0.33 per share, compared to $30.8 million or $0.17 per share in the same prior year period[122]. - Adjusted net income attributable to equity shareholders in Q3 Fiscal 2025 was $22.0 million or $0.10 per share, up from $11.5 million or $0.06 per share in Q3 Fiscal 2024[107]. Costs and Expenditures - Cash costs per ounce of silver, net of by-product credits, were negative $1.88, while all-in sustaining costs per ounce of silver were $12.75[11]. - The consolidated mining costs were $63.82 per tonne in Q3 Fiscal 2025, up 7% from $59.43 per tonne in Q3 Fiscal 2024[19]. - Total capital expenditures in Q3 Fiscal 2025 were $25.3 million, a 29% increase from $19.6 million in Q3 Fiscal 2024, primarily due to more tunneling and construction activities[26]. - Costs of mine operations in Q3 Fiscal 2025 were $54.4 million, a 54% increase from $35.2 million in Q3 Fiscal 2024, with significant rises in government fees and mineral resource taxes[112]. - For the nine months ended December 31, 2024, costs of mine operations were $126.4 million, a 20% increase from $105.0 million in the same prior year period[128]. Cash and Investments - The company has existing cash of $211.1 million, plus $143.3 million net proceeds from the issuance of unsecured convertible senior notes, totaling $354.6 million in cash and cash equivalents[11]. - Cash and cash equivalents as of December 31, 2024, were $344.7 million, up 92% from $184.9 million as of March 31, 2024[141]. - Working capital increased by 94% to $300.2 million as of December 31, 2024, compared to $154.7 million as of March 31, 2024[142]. - The company holds a portfolio of equity investments in associates and other companies with a total market value of $68.9 million as of December 31, 2024[11]. - The investment in New Pacific Metals Corp. (NUAG) represented a 27.3% ownership interest, with a market value of $55.4 million as of December 31, 2024[94][96]. Acquisitions and Projects - Silvercorp acquired a 75% interest in the El Domo project and a 98.7% interest in the Condor project through the acquisition of Adventus Mining Corporation[6]. - The El Domo Project was acquired through the acquisition of Adventus Mining Corporation on July 31, 2024, and is a permitted, pre-construction stage copper-gold project[66]. - The Kuanping Project received all required permits and licenses and is now ready for construction[63]. - The Company plans to start production at the El Domo Project in the second half of 2026, with ongoing site preparation and infrastructure development[75]. Risks and Challenges - The Company is exposed to various risks including metal price risk, credit risk, and foreign exchange risk, which are continuously assessed and mitigated[161]. - The Company’s mineral resource and reserve estimates are subject to uncertainties and may change, potentially impacting operational results and financial conditions[186]. - The Company’s exploration and development programs carry a high risk of failure, with no assurance that discovered mineralization will lead to profitable production[188]. - Market conditions, including volatility in commodity prices and credit market contractions, may adversely affect the company's revenue and profitability[195]. - The company faces risks in acquiring mineral assets overseas, including exposure to different legal standards and regulatory policies[197].

Financial Data and Key Metrics Changes - Fiscal Q3 2025 was the strongest quarter ever for the company, with record revenue of $84 million, up 43% year-over-year [5] - Record operating cash flow of $45 million, an increase of 90% compared to the same quarter last year [5] - Attributable net income for the quarter was $26 million or $0.12 per share, more than double the $11 million or $0.06 per share reported in the same period last year [8] Business Line Data and Key Metrics Changes - Silver production reached 1.9 million ounces, up 16% year-over-year, driven by strong performance from the Ying Mine [5][14] - The company experienced a 40% increase in gold sold, a 15% increase in silver sold, and a 5% increase in lead sold year-over-year [9] - Zinc sold decreased by 10% due to lower head grades [14] Market Data and Key Metrics Changes - Realized gold and silver prices rose by 35%, zinc price increased by 49%, and lead price rose by 8% compared to the same period last year [6] - Silver contributed 63% of net realized revenue in Q3, compared to 59% in the same quarter last year [7] Company Strategy and Development Direction - The company completed a mill expansion at the Ying Mine, increasing production capacity from 2,500 tons to 4,000 tons per day [5] - The company is focused on responsible and sustainable development, aiming to create lasting benefits for local communities in Ecuador [24] - The Kuanping satellite project is ready for construction, with a budget of $1 million allocated for development [18] Management Comments on Operating Environment and Future Outlook - Management noted that the robust commodity market contributed to improved realized metals prices [5] - The company remains confident in achieving its silver guidance of between 6.7 million to 7.2 million ounces for fiscal 2025 [14] - Management acknowledged potential indirect impacts from global economic activity due to tariffs but emphasized that they have no direct exposure [27][29] Other Important Information - The company ended the quarter with a cash balance of $355 million, including $143 million in net proceeds from a convertible notes offering [12] - The all-in sustaining cost per ounce of silver net of byproduct credits was 12.75%, reflecting a 13% increase year-over-year [16] Q&A Session Summary Question: Is the company exposed to tariff discussions? - Management confirmed that they are not exposed to tariff discussions as they sell all concentrates to domestic smelters and do not export from China [27][28] Question: Will there be a comprehensive update on El Domo in April? - Management indicated that they will provide a budget and estimates for construction and fiscal year but emphasized that it may be premature to release detailed numbers now [31][33] Question: What pricing model should be used for El Domo concentrates? - Management advised that an LME pricing basis would be appropriate for modeling the concentrates produced at El Domo [41] Question: How much extra tonnage is expected from milling during the Chinese New Year? - Management estimated that they would end the quarter with a more typical ore inventory, processing a significant portion of the stockpile [44][45]

Financial Performance - Silvercorp reported quarterly earnings of $0.10 per share, matching the Zacks Consensus Estimate, and an increase from $0.06 per share a year ago [1] - The company posted revenues of $83.61 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 0.02% and up from $58.51 million year-over-year [2] - Over the last four quarters, Silvercorp has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2][1] Stock Performance - Silvercorp shares have increased approximately 9.3% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $58.3 million, and for the current fiscal year, it is $0.36 on revenues of $283.55 million [7] - The estimate revisions trend for Silvercorp is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Mining - Miscellaneous industry, to which Silvercorp belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that investors should monitor these revisions closely [5]

Core Insights - Despite strong operational performance and resilient silver prices, Silvercorp has not experienced the anticipated re-rating in its stock value, indicating a disconnect between market perception and the company's asset value [1] Company Performance - Silvercorp has demonstrated robust operational performance, yet the market has not recognized this through a re-rating of its stock [1] Market Sentiment - The current market appears indifferent to the quality of Silvercorp's silver assets, which are trading at a material discount to their net present value (NPV) [1]

Core Insights - Silvercorp (SVM) has consistently beaten earnings estimates, with an average surprise of 22.92% over the last two quarters [1][2] - The company reported earnings of $0.09 per share for the most recent quarter, exceeding the expected $0.08, resulting in a surprise of 12.50% [2] - For the previous quarter, Silvercorp's earnings were $0.12 per share against an estimate of $0.09, leading to a surprise of 33.33% [2] Earnings Estimates and Predictions - Silvercorp's earnings estimates have been trending higher due to its history of earnings surprises, supported by a positive Zacks Earnings ESP of +17.65% [3][6] - The combination of a positive Earnings ESP and a Zacks Rank 3 (Hold) suggests a high likelihood of another earnings beat, with a historical success rate of nearly 70% for stocks with this combination [4][6] Earnings ESP and Consensus - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, indicating that recent analyst revisions may provide more accurate predictions [5] - The next earnings report for Silvercorp is expected to be released on February 11, 2025, and the positive Earnings ESP indicates bullish sentiment among analysts regarding the company's earnings prospects [6]