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Silvercorp Metals Inc (TSE:SVM)
TSX:SVM
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Silvercorp Metals (SVM) AI Stock Analysis

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TSE:SVM

Silvercorp Metals

(TSX:SVM)

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Neutral 68 (OpenAI - 4o)
Rating:68Neutral
Price Target:
C$9.50
▲(4.40% Upside)
Silvercorp Metals shows strong financial performance and a solid balance sheet, but faces challenges in cash flow management and valuation. The recent earnings call presented a mixed outlook with growth in revenue and cash flow, but concerns over production costs and a recent accident. Technical indicators suggest potential short-term weakness, and the stock appears overvalued with a low dividend yield.
Positive Factors
Revenue Growth
The consistent revenue growth indicates strong demand for Silvercorp's products and effective market strategies, supporting long-term business expansion.
Strong Cash Position
A robust cash position enhances financial flexibility, enabling strategic investments and cushioning against market volatility, strengthening long-term stability.
Advancement in Growth Projects
Ongoing investments in growth projects signal commitment to future expansion and resource development, potentially boosting future revenue streams.
Negative Factors
Decrease in Net Income
A decline in net income, despite revenue growth, suggests challenges in cost management or operational efficiency, which could impact profitability.
Accident Impacting Production
The accident and resultant production shortfall highlight operational risks that could affect output and financial performance in the near term.
Increase in Production Costs
Rising production costs can erode profit margins, necessitating improved cost management to maintain long-term financial health.

Silvercorp Metals (SVM) vs. iShares MSCI Canada ETF (EWC)

Silvercorp Metals Business Overview & Revenue Model

Company DescriptionSilvercorp Metals Inc. is a Canadian mining company primarily engaged in the acquisition, exploration, and development of silver-related mineral properties. The company focuses on silver mining in China, with its flagship operations located in the Guangdong province. Silvercorp is recognized for its sustainable mining practices and commitment to responsible resource extraction, providing silver, lead, and zinc as its core products. The company aims to enhance shareholder value through efficient production and strategic exploration initiatives.
How the Company Makes MoneySilvercorp Metals generates revenue primarily through the mining and sale of silver, lead, and zinc concentrates. The majority of its revenue comes from the sale of silver, with lead and zinc acting as significant by-products. The company operates several mining projects, with the key revenue streams arising from the extraction and processing of ore from its mines. Additionally, Silvercorp benefits from strategic partnerships and joint ventures that enhance its exploration capabilities and resource development. Market fluctuations in silver and other metal prices significantly impact the company’s earnings, alongside operational efficiency and cost management strategies.

Silvercorp Metals Earnings Call Summary

Earnings Call Date:Aug 11, 2025
(Q1-2026)
|
% Change Since: |
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook with strong revenue and cash flow growth, alongside significant increases in gold sales and a strong cash position. However, these were tempered by a decline in net income, a fatal accident impacting production, and increased production costs. Additionally, there was a notable decrease in zinc production.
Q1-2026 Updates
Positive Updates
Revenue and Cash Flow Growth
Silvercorp reported revenues of $81.3 million, up 13% from last year, and a record cash flow from operating activities at $48.3 million, up 21% from last year.
Increase in Precious Metals Production
The company experienced a 5% increase in silver production and a 95% increase in gold sold, with a 12% and 45% rise in the selling prices of silver and gold, respectively.
Strong Cash Position
Silvercorp ended the quarter with a strong cash position of $377.1 million, up $8 million from March.
Advancement in Growth Projects
Significant investment in the El Domo construction with $370,000 cubic meters of materials moved and progress in underground access and materials handling at Ying.
Negative Updates
Decrease in Net Income
Net income for the quarter was $18.1 million, down from $21.9 million in Q1 of fiscal 2025, impacted by a $5 million noncash accounting charge.
Accident at HZG Mine
A fatal accident occurred at the HZG mine, leading to a potential production shortfall of up to 20% to 25% for the current quarter.
Increase in Production Costs
Consolidated cash cost per ounce of silver net of by-product credits increased due to a 16% increase in ore processed and a $1.5 million increase in mineral rights royalties.
Zinc Production Decline
Zinc production decreased by 19% compared to previous figures.
Company Guidance
During the Silvercorp First Quarter Fiscal 2026 Financial Results Conference Call, the company reported revenues of $81.3 million, an increase of 13% from the previous year. Operating cash flow set a new record at $48.3 million, up 21% year-over-year, driven by increased silver and gold sales and rising prices. Silver accounted for 66% of revenue, with lead and gold contributing 18% and 7%, respectively. Despite a noncash $5 million accounting charge impacting net income, adjusted net income was $21 million, slightly up from the previous year. Production costs at the Ying site decreased by 8% to $83 per tonne, while the consolidated cash cost per ounce of silver rose to $1.11. The company maintained a strong cash position of $377.1 million and continued investing in operations, with significant developments in China and Ecuador. However, a recent fatality at the HZG mine led to some mining area closures, potentially affecting production by 20%-25% in the current quarter. Despite these challenges, the company remains focused on growth projects, including developments at the El Domo and Kuanping sites.

Silvercorp Metals Financial Statement Overview

Summary
Silvercorp Metals demonstrates strong financial performance with robust revenue growth and profitability. The company maintains a solid balance sheet with low leverage and effective equity utilization. Strong cash flow generation underscores effective financial management.
Income Statement
75
Positive
Silvercorp Metals has demonstrated strong revenue growth, with the most recent annual data showing a 38.93% increase from the previous year. This is accompanied by solid profitability metrics, including a Gross Profit Margin of 41.33% and a Net Profit Margin of 19.46%, indicating efficient cost management. The EBIT and EBITDA margins are also robust at 34.51% and 47.76%, respectively, showcasing strong operational performance. However, slight variability in profit margins over the years suggests some exposure to market fluctuations.
Balance Sheet
80
Positive
The company maintains a strong equity position, with a Debt-to-Equity Ratio of 0.16, indicating low leverage and prudent financial management. The Return on Equity stands at a healthy 8.28%, reflecting effective use of equity financing. The Equity Ratio of 61.68% further underscores the company's solid financial structure. While these metrics portray stability, the slight increase in liabilities over time should be monitored to maintain this strength.
Cash Flow
65
Positive
Silvercorp Metals exhibits excellent cash flow performance, with a significant Free Cash Flow growth rate of 87.21% year-over-year. The Operating Cash Flow to Net Income Ratio is 2.38, suggesting strong cash generation relative to earnings. The Free Cash Flow to Net Income Ratio of 0.90 indicates efficient capital expenditure management. While these metrics reflect strong liquidity and cash management, maintaining consistent free cash flow growth will be key to sustaining this performance.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue308.06M298.89M215.19M208.13M217.92M192.10M
Gross Profit180.12M123.55M125.81M70.78M128.47M84.16M
EBITDA138.89M142.76M99.14M64.80M95.21M97.07M
Net Income54.38M58.19M36.31M20.61M30.63M46.38M
Balance Sheet
Total Assets1.18B1.14B702.82M676.80M723.54M652.64M
Cash, Cash Equivalents and Short-Term Investments377.13M369.06M184.89M203.32M212.93M199.09M
Total Debt111.57M111.98M1.31M583.00K1.26M1.74M
Total Liabilities320.95M305.55M105.81M96.97M103.42M86.91M
Stockholders Equity726.02M702.73M507.25M489.05M512.40M467.57M
Cash Flow
Free Cash Flow21.97M52.60M28.10M30.69M40.17M33.71M
Operating Cash Flow146.96M138.63M91.57M85.64M107.38M85.91M
Investing Cash Flow-28.51M-44.67M-65.71M-26.52M-106.63M-40.97M
Financing Cash Flow108.37M115.12M-16.80M-17.98M-7.43M-1.45M

Silvercorp Metals Technical Analysis

Technical Analysis Sentiment
Positive
Last Price9.10
Price Trends
50DMA
8.20
Positive
100DMA
7.19
Positive
200DMA
6.18
Positive
Market Momentum
MACD
0.15
Positive
RSI
52.57
Neutral
STOCH
51.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SVM, the sentiment is Positive. The current price of 9.1 is below the 20-day moving average (MA) of 9.43, above the 50-day MA of 8.20, and above the 200-day MA of 6.18, indicating a neutral trend. The MACD of 0.15 indicates Positive momentum. The RSI at 52.57 is Neutral, neither overbought nor oversold. The STOCH value of 51.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SVM.

Silvercorp Metals Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
C$837.65M9.1143.36%27.40%-53.94%
$1.99B25.878.70%0.38%39.43%-6.41%
$10.43B7.12-0.05%2.87%2.86%-36.73%
73.65%
C$2.43B152.08-3.11%130.83%-208.57%
$4.28B-3.52%-16.28%
C$507.46M-20.15-22.01%27.67%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SVM
Silvercorp Metals
9.10
2.86
45.88%
TSE:MAG
MAG Silver
34.38
12.18
54.83%
TSE:DV
Dolly Varden Silver
5.61
0.73
14.96%
TSE:AYA
Aya Gold & Silver
14.92
-2.71
-15.37%
TSE:SCZ
Santacruz Silver Mining
1.99
1.64
468.57%
TSE:DSV
Discovery Silver
5.86
4.96
551.11%

Silvercorp Metals Corporate Events

Business Operations and StrategyFinancial Disclosures
Silvercorp Metals Reports Strong Q2 Fiscal 2026 Results with Increased Revenue and Production
Positive
Oct 15, 2025

Silvercorp Metals Inc. reported a 23% increase in revenue for Q2 Fiscal 2026, reaching approximately $83.3 million. The company saw a slight increase in silver production and a notable rise in gold production, while zinc production decreased. Despite weather-related disruptions at the GC Mine, the company continued its exploration and development activities, including significant progress at the El Domo mine and ongoing construction at the Kuanping mine. The Ying Mining District resumed normal production levels after temporary closures, and the company initiated an economic assessment study for the Condor Project.

The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.

Silvercorp Metals Announces AGM Voting Results and Director Elections
Sep 29, 2025

On September 26, 2025, Silvercorp Metals Inc. held its annual general meeting, where shareholders approved several key resolutions. The number of directors was fixed at six, and all management-nominated directors were elected by a majority vote. Additionally, Deloitte LLP was appointed as the company’s auditors, and the company’s share-based compensation plan was re-approved. These decisions reflect strong shareholder support and are likely to impact the company’s governance and financial strategies positively.

The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.

Business Operations and StrategyShareholder Meetings
Silvercorp Metals Announces Successful 2025 AGM Outcomes
Positive
Sep 26, 2025

Silvercorp Metals Inc. successfully held its 2025 Annual General Meeting, where all matters proposed to shareholders were approved, including the election of directors and the re-appointment of Deloitte LLP as auditors. The meeting saw participation from 49.50% of the total outstanding shares. This approval reflects strong shareholder support and positions the company well for continued strategic growth and operational stability.

The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.

Silvercorp Metals Renews Share Repurchase Program
Sep 17, 2025

On September 17, 2025, Silvercorp Metals Inc. announced the renewal of its share repurchase program, allowing the company to buy back up to 8,747,245 common shares, representing approximately 4% of its outstanding shares. This initiative, effective from September 19, 2025, to September 18, 2026, aims to provide flexibility in response to potential undervaluation of its shares, with purchases made at market prices through various trading platforms in compliance with regulatory requirements.

The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.

Business Operations and Strategy
Silvercorp Metals Releases Fiscal 2025 Sustainability Report
Positive
Sep 11, 2025

Silvercorp Metals Inc. has released its Fiscal 2025 Sustainability Report, highlighting significant achievements in environmental, social, and governance areas. The report details a $1.3 million investment in community initiatives, a 115% increase in employee training hours, a 44% reduction in Lost Time Incident Rate, and a 17% reduction in GHG emissions. The company also implemented new corporate policies to strengthen governance. These efforts demonstrate Silvercorp’s commitment to sustainable practices and its strategic positioning within the mining industry.

The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Silvercorp Files Base Shelf Prospectus for $400 Million Offering
Neutral
Sep 4, 2025

Silvercorp Metals Inc. has filed a base shelf prospectus with Canadian securities commissions and a corresponding registration statement with the U.S. SEC, allowing it to offer up to $400 million in securities over the next 25 months. This move is aimed at maintaining financial flexibility, although the company currently has no plans to offer securities. The prospectus enables Silvercorp to strategically respond to market conditions and potentially strengthen its financial position, impacting its operational and strategic capabilities in the mining industry.

The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.

Silvercorp Metals Announces Annual General Meeting for September 2025
Aug 19, 2025

Silvercorp Metals Inc. has announced its upcoming annual general meeting of shareholders, scheduled for September 26, 2025, in Vancouver. The meeting will address several key agenda items, including the consideration of the company’s audited financial statements for the year ended March 31, 2025, the election of directors, and the re-appointment of Deloitte LLP as auditors. Additionally, shareholders will vote on re-approving the company’s share-based compensation plan. The notice highlights the use of an environmentally friendly and cost-effective notice and access model for distributing meeting materials.

The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.

Silvercorp Metals’ Earnings Call: Mixed Sentiments and Future Outlook
Aug 12, 2025

Silvercorp Metals’ recent earnings call conveyed a mixed sentiment, highlighting both achievements and challenges. The company reported strong revenue and cash flow growth, alongside increased metal sales and significant progress in construction projects. However, these positives were tempered by a decrease in net income, rising cash costs, a tragic accident affecting production, and a decline in zinc production.

Silvercorp Metals Reports Q2 2025 Financial Results
Aug 11, 2025

Silvercorp Metals Inc. reported its financial results for the three months ended June 30, 2025, showing a revenue increase to $81.3 million from $72.2 million in the same period in 2024. Despite the rise in revenue, net income decreased to $24.3 million from $28.1 million the previous year, attributed to higher production costs and losses on derivative liabilities. The company’s financial performance reflects ongoing challenges in managing operational costs and market fluctuations, impacting its profitability and stakeholder interests.

The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.

Silvercorp Metals Reports Q1 Fiscal 2026 Earnings
Aug 9, 2025

Silvercorp Metals Inc. is a Canadian mining company engaged in the production of silver, gold, lead, and zinc, known for its profitability and growth potential in the mining industry.

Business Operations and StrategyFinancial Disclosures
Silvercorp Metals Reports Strong Q1 Fiscal 2026 Results with Increased Cash Flow
Positive
Aug 7, 2025

Silvercorp Metals reported its financial results for Q1 Fiscal 2026, highlighting an adjusted net income of $21.0 million and cash flow from operating activities of $48.3 million. The company produced approximately 1.8 million ounces of silver and 2,050 ounces of gold, with total revenues reaching $81.3 million. Despite a slight decrease in net income compared to the previous year, Silvercorp increased its cash and cash equivalents to $377.1 million. The company also invested in exploration and development in China and Ecuador, and maintained a strong financial position with a stream financing commitment from Wheaton Precious Metals for the El Domo project.

The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.

Business Operations and StrategyLegal ProceedingsRegulatory Filings and Compliance
Silvercorp’s El Domo Project Secures Environmental License in Ecuador
Positive
Aug 5, 2025

Silvercorp Metals Inc. announced that the Constitutional Court of Ecuador has upheld the environmental license for the El Domo mining project, dismissing all legal challenges against it. The project, which has received overwhelming local support, is expected to bring significant socio-economic benefits to the Las Naves community. Despite ongoing unlawful activities by anti-mining groups, Silvercorp remains committed to advancing the project responsibly and in compliance with Ecuadorian law, reinforcing its dedication to ethical and sustainable practices.

The most recent analyst rating on (TSE:SVM) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on Silvercorp Metals stock, see the TSE:SVM Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 29, 2025