Silvercorp Metals Q2 revenue falls 13% on lower production
SVM•Silvercorp Metals reported fiscal second-quarter revenue of $72.1 million, down 13% as production declined. An 82% increase in the average realized silver price to $61.83 per ounce partly offset the decline.
1. Production and revenue
Silvercorp Metals reported revenue of $72.1 million for the second quarter of fiscal 2027, ended September 30, 2026, down 13% on lower production. At the Ying Mining District, silver output fell 41% to 900,000 ounces and gold production declined 34% to 1,371 ounces; an 82% rise in the average realized silver price to $61.83 per ounce partly offset the production decline.
2. Mine operations
Ying resumed production following safety improvements and reached a 90% operating rate at quarter-end. The GC Mine remains suspended pending an updated development design and safety upgrades, with production expected to resume by November 2027.
