Silvercorp Metals(US:SVM) Jing Ji Guan Cha Wang·2026-02-11 13:11Core Viewpoint - The company achieved a record high revenue of approximately $126.1 million in Q3 of FY2026, representing a significant year-over-year increase of 51% driven by strong precious metal prices, particularly silver surpassing $90 per ounce [1][2]. Financial Performance - The revenue for Q3 reached approximately $126.1 million, marking a substantial 51% increase compared to the same period last year, primarily due to the robust performance of precious metal prices [2]. - As of the end of FY2025 (March 31, 2025), the company reported a cash and short-term investment balance of $369.1 million, a debt-to-asset ratio of 26.83%, and a current ratio of 5.05, indicating a solid financial structure and ample liquidity [4]. Operational Performance - In Q2 of FY2026 (ending September 30, 2025), the company processed 341,300 tons of ore, a 15% increase year-over-year, with silver equivalent production rising 5% to 1.84 million ounces, and gold production significantly increasing by 76% to 2,085 ounces [3]. - The expansion plan for the core Ying mine is progressing well, with total capacity expected to increase to 1.32 million tons per year [3]. Project Development - The El Domo copper-gold project in Ecuador is advancing as planned, having secured $175.5 million in financing from Wheaton, with production expected to commence in 2027-2028, further diversifying the company's product portfolio [5].