Silvercorp expects GC Mine suspension to last until November 2027 pending safety upgrades
SVM•Silvercorp expects its GC Mine to remain suspended until November 2027 while it completes redesign and safety upgrades. Quarterly revenue fell 13% to $72.1 million, and silver production declined 41% year over year.
1. Mine suspension and results
Silvercorp Metals’ GC Mine has remained suspended since late June 2026, with production expected to resume by November 2027 following redesign and safety upgrades. Ying Mining District resumed operations after safety improvements and reached a 90% operating rate by the end of September 2026; safety work reduced ore processing by 20% in fiscal second-quarter 2027. Silver production fell 41% year over year, while quarterly revenue declined 13% to $72.1 million as lower production outweighed higher realized silver and gold prices. Heavy rainfall halted El Domo construction for 77 days, repeatedly damaging completed work and particularly disrupting the tailings storage facility.
