Trading Symbol: TSX/NYSE American: SVM
VANCOUVER, BC, April 16, 2026 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports production and sales figures for the fourth quarter ("Q4 Fiscal 2026") and fiscal year ended March 31, 2026 ("Fiscal 2026") and the production and cost guidance for the 2027 fiscal year ending March 31, 2027 ("Fiscal 2027"). Silvercorp expects to release its Fiscal 2026 audited financial results on Monday, May 25, 2026, after market close.
Q4 Fiscal 2026 Operational Highlights
-- Record revenue of approximately $147.4 million, an increase of 96% over
the same quarter last year ("Q4 Fiscal 2025");
-- Silver production of 1.5 million ounces, a decrease of 11% over Q4 Fiscal
2025; silver equivalent (only silver and gold)i production of 1.6 million
ounces, a decrease of 17% compared to 1.9 million ounces in Q4 Fiscal
2025;
-- Lead production of 14.0 million pounds, a decrease of 14% over Q4 Fiscal
2025;
-- Zinc production of 3.9 million pounds, a decrease of 12% over Q4 Fiscal
2025;
-- Kuanping mine construction continued, with 1,335 metres ("m") of ramp
development, 313 m of exploration tunneling and 1,625 m of drilling
completed;
-- El Domo mine construction continued to advance under enhanced water and
soil conservation measures during the heavy rainfall season, with the
haul roads and the ore stockpile shed completed; and
-- MSCI ESG rating was upgraded from A to AA.
Fiscal 2026 Operational Highlights
-- Record revenue of approximately $438.1 million, an increase of 47% over
Fiscal 2025;
-- Ore processed of 1,475,512 tonnes, up 12% over Fiscal 2025, and beat the
high end of 1,369,000 tonnes in the Company's annual production guidance;
-- Silver production of approximately 6.8 million ounces, a 2% decrease over
Fiscal 2025; gold production of approximately 8,723 ounces, a 16%
increase over Fiscal 2025, and silver equivalent of 7.5 million ounces,
even with Fiscal 2025; and
-- El Domo mine completed the site preparation for the processing plant,
5,000 square metre ROM ore shed, construction camp, internal roads,
including roads to the TSF construction site, and orders of major
equipment.
Q4 Fiscal 2026 Operational Results
The Ying Mining District processed 311,677 tonnes of ore, up 2% over Q4 Fiscal 2025. Approximately 1.4 million ounces of silver, 2,492 ounces of gold, or 1.5 million ounces of silver equivalent, plus 12.9 million pounds of lead, and 1.4 million pounds of zinc were produced, representing production decreases of 20%, 11%, 18%, 17%, and 30% in gold, silver, silver equivalent, lead and zinc, respectively, over Q4 Fiscal 2025. Lower production was due to lower head grades associated with an increase in shrinkage mining. A total of 48,492 m of drilling and 13,239 m of exploration tunneling were completed in Q4 Fiscal 2026.
The GC Mine processed 48,840 tonnes of ore, up 17% over Q4 Fiscal 2025. Approximately 0.1 million ounces of silver, 1.1 million pounds of lead, and 2.5 million pounds of zinc were produced, representing increases of 3%, 51% and 4% in silver, lead and zinc over Q4 Fiscal 2025. A total of 6,050 m of drilling and 1,393 m of exploration tunneling were completed in Q4 Fiscal 2026.
Q4 Fiscal 2026 Q4 Fiscal 2025
------------------------------ ------------------------------
Ying Ying
Mining Mining
District GC Consolidated District GC Consolidated
------------------ -------- ------ ------------ -------- ------ ------------
Silver-lead Ore
Processed
(tonnes) 279,627 48,840 328,467 265,199 41,760 306,959
Silver
(grams/tonne) 161 52 198 61
Lead (%) 2.2 0.9 2.9 0.9
Zinc (%) 0.4 2.6 0.5 2.9
Gold Ore Processed
(tonnes) 32,050 -- 32,050 39,025 -- 39,025
Gold
(grams/tonne) 1.1 -- 1.4 --
Silver
(grams/tonne) 54 -- 62 --
Lead (%) 0.9 -- 0.7 --
------------------ -------- ------ ------------ -------- ------ ------------
Total Ore
Processed
(tonnes) 311,677 48,840 360,517 304,224 41,760 345,984
Recovery Rates
Silver (%) 95.0 86.3 94.2 83.7
Gold (%)* 90.8 -- 91.7 --
Lead (%) 93.2 93.5 92.3 87.4
Zinc (%) 63.9 90.6 67.3 90.3
Metals Produced
Silver (million
ounces) 1.4 0.1 1.5 1.6 0.1 1.6
Gold (ounces) 2,492 -- 2,492 3,110 -- 3,110
Silver equivalent
(million
ounces) 1.5 0.1 1.6 1.9 0.1 1.9
Lead (million
pounds) 12.9 1.1 14.0 15.6 0.7 16.3
Zinc (million
pounds) 1.4 2.5 3.9 2.0 2.4 4.4
Metals Sold
Silver (million
ounces) 1.4 0.1 1.5 1.5 0.1 1.6
Gold (ounces) 2,623 -- 2,623 3,465 -- 3,465
Lead (million
pounds) 12.8 0.8 13.6 15.5 0.8 16.3
Zinc (million
pounds) 1.4 2.4 3.9 2.1 2.4 4.5
------------------ -------- ------ ------------ -------- ------ ------------
*Only representing the gold recovery rate for Gold Ore.
Fiscal 2026 Operational Results
At the Ying Mining District, 1,188,459 tonnes of ore were processed, up 17% over Fiscal 2025. A total of 6.3 million ounces of silver, 8,723 ounces of gold, or 7.0 million ounces of silver equivalent, 55.1 million pounds of lead and 6.6 million pounds of zinc were produced, representing an increase of 16% in gold and decreases of 1%, 1%, 3% and 23% in silver, silver equivalent, lead and zinc, respectively, over Fiscal 2025.
At the GC Mine, 287,053 tonnes of ore were processed, representing a decrease of 4% over Fiscal 2025. A total of 0.5 million ounces of silver, 5.2 million pounds of lead, and 15.1 million pounds of zinc were produced, representing an increase of 3% in zinc, and decreases of 11% and 2% in silver and lead, respectively, over Fiscal 2025.
Year ended March 31, 2026 Year ended March 31, 2025
-------------------------------- --------------------------------
Ying Ying
Mining Mining
District GC Consolidated District GC Consolidated
------------------ --------- ------- ------------ --------- ------- ------------
Silver-lead Ore
Processed
(tonnes) 1,066,970 287,053 1,354,023 927,171 299,036 1,226,207
Silver
(grams/tonne) 193 59 225 67
Lead (%) 2.5 0.9 3.0 0.9
Zinc (%) 0.4 2.7 0.6 2.5
Gold Ore Processed
(tonnes) 121,489 -- 121,489 86,488 -- 86,488
Gold
(grams/tonne) 1.3 -- 1.7 --
Silver
(grams/tonne) 61 -- 72 --
Lead (%) 0.9 -- 0.9 --
------------------ --------- ------- ------------ --------- ------- ------------
Total Ore
Processed
(tonnes) 1,188,459 287,053 1,475,512 1,013,659 299,036 1,312,695
Recovery Rates
Gold (%)* 92.7 -- 92.9
Silver (%) 95.4 85.7 94.7 83.1
Lead (%) 93.7 93.4 93.6 89.3
Zinc (%) 64.1 91.3 69.7 90.3
Metals Produced
Silver (million
ounces) 6.3 0.5 6.8 6.4 0.5 6.9
Gold (ounces) 8,723 -- 8,723 7,495 -- 7,495
Silver equivalent
(million
ounces) 7.0 0.5 7.5 7.1 0.5 7.6
Lead (million
pounds) 55.1 5.2 60.4 56.8 5.3 62.2
Zinc (million
pounds) 6.6 15.1 21.7 8.6 14.8 23.3
Metals Sold
Silver (million
ounces) 6.4 0.5 6.8 6.4 0.5 6.9
Gold (ounces) 8,857 -- 8,857 7,577 -- 7,577
Lead (million
pounds) 55.0 5.0 60.0 56.8 5.5 62.3
Zinc (million
pounds) 6.6 15.1 21.7 8.6 14.9 23.5
------------------ --------- ------- ------------ --------- ------- ------------
*Only representing the gold recovery rate for Gold Ore.
Fiscal 2027 Production, Cash Cost, and Capital Expenditure Guidance
-- Guidance for Fiscal 2027 production, cash and all-in sustaining costs
(AISC)
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