Silvercorp Metals (SVM)
XASE:SVM
Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0.24Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: record revenue, materially higher realized silver prices, strong operating cash flow and free cash flow growth, improved adjusted profitability, lower unit costs at Ying and clear progress on multiple growth projects (mill #3, El Domo, Condor and Kyrgyzstan). Key near-term negatives include a one-time $60M noncash derivative charge that produced a small GAAP net loss, modest declines in some metal production due to lower grades and higher dilution, elevated sustaining/tunneling costs in Q4, and substantial near-term capital and acquisition cash outlays that increase deployment risk. Overall, the positives—especially cash generation, margin expansion, balance sheet strength and development progress—significantly outweigh the lowlights.Company Guidance
Record Quarterly Revenue
Q4 revenue of $147 million, up 96% year-over-year, driven mainly by a 183% increase in realized silver selling price (averaging just above $78/oz) and silver representing 78% of Q4 revenue.
Strong Cash Generation and Free Cash Flow
Q4 cash flow from operating activities of $90 million and free cash flow of $58 million (up 194% and 308% YoY, respectively). Full-year operating cash flow nearly $311 million, up 124% YoY, and FY free cash flow of >$181 million (more than triple prior year).
Adjusted Profitability Improvement
Q4 adjusted net income of $59.3 million ($0.27/share) versus $14.7 million ($0.07) in the prior-year quarter — a 303% increase. Full-year adjusted net income of $151 million ($0.69) versus $75 million ($0.36) prior year (approximately +101%).
Strong Balance Sheet and Liquidity Actions
Ended quarter with $422 million cash (plus $275 million market value of investments). Secured low-cost RMB term loan facilities of ~ $220 million post-quarter (undrawn) to add liquidity.
Production and Operating Income
Q4 production: ~1.5M oz silver, ~2.5k oz gold, 14M lbs lead, 4M lbs zinc. FY production: 6.8M oz silver and 8,723 oz gold. Consolidated mining operating income of $254 million in FY2026 with Ying contributing $240 million (95% of total).
Unit Cost Improvements and By-product Credits
Ying Q4 production costs averaged $78/tonne (down 8% YoY). Cash cost per oz of silver net of by-product credits was negative $1.03 in Q4 (versus $3.05 prior year). FY cash cost per oz averaged $0.01 versus $0.62 last year, reflecting a ~$10 million increase in by-product credits.
All-in Sustaining Costs Below Guidance
Ying FY all-in sustaining costs averaged $134/tonne, down 4% YoY and below Ying's guidance of $158–$161/tonne. Per-ounce AISC (net of by-products) was $1,309 in Q4 and $1,149 for the full year, supporting healthy margins at higher silver prices.
Growth and Capacity Expansion
Approved capacity across 4 Ying permits increased to 1.32M tonnes/year, with total Ying mining capacity anticipated around 1.5M tonnes/year including Kuanping (200k tpa). Commenced construction of Mill #3 (budget $31.6M) to add 3,000 tpd and deliver ~6,500 tpd net effective milling capacity when commissioned in Q1 FY2028.
Progress on El Domo and Other Development Projects
El Domo: $60M spent to March 2026 (~21% of updated $284M budget), awarded power contracts, mobilized CRCC 19 for construction, and advanced process plant earthworks and tailings quality assurance. Condor: environmental impact study approved and water permits granted; small-scale mining license targeted Q2 FY2027.
Strategic Acquisition and Corporate Development
Acquired 100% of Chaarat ZAAV (Tulkubash and Kyzyltash projects) for $92M in January; subsequently converted ZAAV into a joint venture with Silvercorp holding a majority interest and obtained a new 30-year Kyrgyz mining license (paid $60M). Also filed an application to list shares on the Hong Kong Stock Exchange to broaden investor base.
SVM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SVM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 09, 2026 | $10.41 | $10.78 | +3.55% |
Feb 09, 2026 | $10.78 | $10.88 | +0.93% |
Nov 06, 2025 | $6.16 | $6.28 | +1.95% |
Aug 11, 2025 | $4.42 | $4.51 | +2.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Silvercorp Metals (SVM) report earnings?
Silvercorp Metals (SVM) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Silvercorp Metals (SVM) earnings time?
Silvercorp Metals (SVM) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SVM EPS forecast?
SVM EPS forecast for the fiscal quarter 2027 (Q1) is 0.24.
