Silvercorp Metals shares rose 7% to above $12 on March 10, extending a 38.7% gain year-to-date and a 201% increase over the past year as investors sought precious-metals exposure on rising market volatility and safe-haven demand.

In Q3 FY2026, Silvercorp delivered record revenue of $126.1 million, up 51% year-over-year, driven by silver realized prices of $49 per ounce accounting for 72% of sales. The company generated $132.9 million in operating cash flow and reported adjusted net income of $47.9 million ($0.22 per share), while holding $462.8 million in cash and short-term investments.

Silvercorp filed an updated Mineral Resource Estimate for its Tulkubash and Kyzyltash gold projects in Kyrgyzstan and acquired a 70% interest in those deposits for $162 million, adding a new growth avenue beyond its core Chinese silver operations and enhancing long-term production optionality.