Silvercorp Metals(US:SVM) Prnewswireยท2025-10-15 21:05Core Viewpoint - Silvercorp Metals Inc. reported operational highlights for Q2 Fiscal 2026, indicating production increases in silver, gold, lead, and silver equivalent, while zinc production saw a decrease. The company is also advancing construction at the El Domo mine significantly. Group 1: Operational Highlights - The Ying Mining District processed 265,002 tonnes of ore, a 26% increase compared to Q2 Fiscal 2025, producing approximately 1,529 thousand ounces of silver, 2,085 ounces of gold, 12,928 thousand pounds of lead, and 1,423 Klb of zinc, with production increases of 1%, 76%, 6%, and 8% respectively, while zinc production decreased by 21% [3][7] - The GC Mine processed 76,249 tonnes of ore, down 12% from Q2 Fiscal 2025, producing 130 Koz of silver, 1,306 Klb of lead, and 4,221 Klb of zinc, with silver production decreasing by 5% and lead and zinc increasing by 6% and 5% respectively [4][7] - A total of 77,507 meters of drilling and 14,437 meters of exploration tunneling were completed across the Ying Mining District and the GC Mine [7] Group 2: Financial Performance - Revenue for Q2 Fiscal 2026 was approximately $83.3 million, representing a 23% increase over Q2 Fiscal 2025 [7] - Silver production reached 1.7 million ounces, a slight increase of 0.2% compared to the previous year, while silver equivalent production was 1.84 million ounces, up 5% from 1.75 million ounces in Q2 Fiscal 2025 [7] Group 3: Project Developments - The El Domo mine construction advanced significantly with approximately 1.29 million cubic meters of material removed, a 249% increase over the last quarter, and the construction camp is scheduled to be fully operational in October 2025 [5][7] - Surface clearing for the tailings storage facility began in September 2025, with 15,700 cubic meters of topsoil excavated [5]