Silvercorp Metals Inc. (SVM.US) announced its operational results for the fourth quarter and full fiscal year 2026, ended March 31, 2026, along with its production and cost guidance for fiscal year 2027. The report indicates the company achieved milestone breakthroughs in revenue scale, project development, and sustainability.

For the fourth quarter of fiscal 2026, the company recorded revenue of approximately $147.4 million, a significant increase of 96% year-over-year. Total revenue for the full 2026 fiscal year reached a record high of approximately $438.1 million, representing a 47% increase compared to the previous year. This robust revenue performance highlights the company's exceptional operational capabilities and a favorable market environment.

Total ore processed during fiscal 2026 reached 1,475,512 tonnes, a 12% year-over-year increase, successfully exceeding the upper end of the annual guidance of 1,369,000 tonnes. This achievement demonstrates the efficient advancement of the company's operational efficiency and capacity expansion plans at its mines in China.

Full-year silver equivalent production was consistent with the previous year. Gold production was approximately 8,723 ounces, a 16% increase from the prior fiscal year, indicating stability in the company's asset portfolio.

Looking ahead to fiscal year 2027, ending March 31, 2027, Silvercorp has provided a positive growth outlook. While strategic investments are expected to lead to a slight increase in unit costs, overall profitability is projected to remain strong. The company anticipates its ore processing volume will increase to a range of 1.527 million to 1.607 million tonnes. Silver production is forecast to be between 6.8 million and 7.1 million ounces. Gold production is expected to grow by 9% to 15%, reaching 9,500 to 10,000 ounces. Steady growth is also projected for lead and zinc production, with increases of 4% to 9% and 3% to 8%, respectively.

Furthermore, Silvercorp plans capital expenditures of approximately $124.1 million in China for fiscal 2027. These funds will be primarily allocated to the construction of a new processing plant and exploration for reserve expansion at the Luoning Mine project in Henan province. The company stated that while these investments will lead to a near-term, moderate increase in cash costs and all-in sustaining costs (AISC), they represent strategic investments crucial for doubling future ore processing capacity, increasing reserves, and extending the mine's operational life.