Prnewswire·2026-02-10 00:01Core Insights - Silvercorp Metals Inc. reported significant financial results for Q3 Fiscal 2026, with a record revenue of $126.1 million, marking a 51% increase compared to the same period in the previous year [3][4] - The company experienced a net loss of $15.8 million, primarily due to a non-cash charge related to convertible notes, despite achieving adjusted net income of $47.9 million [4][5] - Cash flow from operating activities reached a record $132.9 million, reflecting a substantial increase from the previous year [4][5] Financial Results - Revenue for Q3 Fiscal 2026 was $126,112 thousand, up 51% from $83,614 thousand in Q3 Fiscal 2025 [3] - Mine operating earnings increased by 164% to $77,068 thousand, compared to $29,230 thousand in the same quarter last year [3] - Adjusted earnings were $47,931 thousand, or $0.22 per share, up from $21,963 thousand, or $0.10 per share, in Q3 Fiscal 2025 [3][4] - EBITDA decreased by 86% to $5,984 thousand, while adjusted EBITDA increased by 66% to $66,735 thousand [3][4] Production and Costs - The company produced approximately 1.9 million ounces of silver equivalent, with a cash cost per ounce of silver at negative $3.02, an improvement from negative $1.88 in Q3 Fiscal 2025 [4][5] - All-in sustaining cost (AISC) per ounce of silver was $12.86, remaining stable compared to $12.75 in Q3 Fiscal 2025 [4][5] - The Ying Mining District reported record ore mined of 365,370 tonnes, up 23% year-over-year, with mill throughput increasing by 18% [6][7] Capital Expenditures - Total capital expenditures for Q3 Fiscal 2026 were $44.3 million, a 75% increase from $25.3 million in Q3 Fiscal 2025, driven by ongoing projects [17][19] - Capitalized expenditures for the Ying Mining District amounted to $17.7 million, while the GC Mine reported flat capitalized expenditures of $1.8 million [18][19] Cash Position - The company ended the quarter with cash and cash equivalents of $462.8 million, an increase of $80.6 million from the previous quarter [4][5] - Free cash flow reached $89.6 million, up 336% from $20.5 million in Q3 Fiscal 2025 [4][5] Future Outlook - The GC Mine is expected to process approximately 50,000 tonnes of ore in Q4 Fiscal 2026, with ongoing development activities at the Kuanping Mine anticipated to start production in June 2026 [10][20]