Silvercorp Metals Inc. reported its operational results for the first quarter ended June 30, 2025, showing mixed performance. The Ying Mining District processed 283,355 tonnes of ore, a 28% increase, with silver production up 7% and gold production surging by 79%.
However, the company reported a fatality involving a worker of a mining contractor at the HZG mine within the Ying Mining District. A government safety production authority initiated an investigation, leading to the temporary closure of certain mining areas.
This incident is expected to result in a production shortfall estimated at up to 20-25% for the current quarter (Q2 Fiscal 2026). Silvercorp expressed disappointment that its safety policies and protocols were not followed by the contractor, emphasizing its commitment to worker safety.
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