Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported preliminary production and sales results for its second quarter ended Sept. 30, 2026, including revenue of $72.1 million, a 13% decline year over year. The results, disseminated on behalf of Silvercorp Metals, highlight the operational challenges facing the Canadian miner as it works to stabilize output at key assets.
At the Ying Mining District, the company processed 213,320 tonnes of ore, producing 0.9 million ounces of silver, 1,371 ounces of gold, 7.6 million pounds of lead and 0.7 million pounds of zinc. Silver production declined 41% year over year, consistent with previously disclosed expectations. Higher realized silver and gold prices partially offset the lower production volumes, according to the Silvercorp Metals (TSX: SVM) (NYSE American: SVM) announcement.
Operations at Ying resumed following substantial completion of safety improvements, reaching a 90% operating rate by quarter-end. The GC Mine, however, remained suspended pending regulatory approval and additional work, a factor that weighed on overall output. Construction of the No. 3 mill at Ying remained on track, while development continued at the Kuanping mine and the Chaarat ZAAV project.
At the El Domo mine in Ecuador, unusually heavy rainfall disrupted construction, particularly work on the tailings storage facility, although process plant construction continued to advance. The weather-related setback adds uncertainty to the project’s timeline, though the company did not specify a revised schedule.
Silvercorp expects to release its unaudited second-quarter financial results after market close on Nov. 5, 2026. Investors can view the full press release at https://ibn.fm/iMmtx, and the latest news and updates relating to SVM are available in the company’s newsroom at https://ibn.fm/SVM.
The revenue decline matters for investors because it underscores the company’s exposure to production disruptions at a time when precious metals prices are elevated. Silvercorp’s ability to restore full operations at Ying and secure regulatory approval for the GC Mine will be critical to reversing the output slide. The company describes itself as a Canadian mining company producing silver, gold, lead and zinc with a long history of profitability, focusing on free cash flow from long-life mines, organic growth through drilling, merger and acquisition efforts, and responsible mining and ESG commitments.
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