Silvercorp Metals Inc. reported its financial results for the three months ended June 30, 2025, with revenue increasing by 13% to $81.3 million compared to $72.2 million in Q1 Fiscal 2025. Cash flow generated from operating activities also saw a significant rise of 21% to $48.3 million, up from $40.0 million in the prior year quarter.
However, net income attributable to equity shareholders decreased by 17% to $18.1 million, or $0.08 per share, compared to $21.9 million, or $0.12 per share, in Q1 Fiscal 2025. This decline was primarily due to a $4.8 million charge on the fair value of derivative liabilities related to convertible notes and the dilution from an additional 38.8 million shares issued following the Adventus Mining Corporation acquisition.
The company also confirmed the fatality at the HZG mine in the Ying Mining District, which led to the closure of certain mining areas and is expected to result in a production shortfall of 20-25% for Q2 Fiscal 2026. Consolidated cash cost per ounce of silver, net of by-product credits, increased to $1.11 from negative $1.67, and all-in sustaining cost rose by 37% to $13.49, driven by increased production costs, higher general administrative expenses from the Adventus acquisition, and increased mineral rights royalties.
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