Silvercorp Metals reports steady silver equivalent production

VANCOUVER, BC (By Silvercorp, 9.Feb.2026, Word: 350) — Silvercorp Metals Inc. reported its financial and operating results for the 3 months ended 31 Dec. 2025 (“fiscal 3Q:26”) and highlighted silver production and revenues from its operations.

Highlights from fiscal 3Q:26 include:

— steady silver equivalent production: produced approximately 1.9 million ounces of silver, 2,096 ounces of gold, or approximately 2.0 million ounces of silver equivalent1 (silver and gold only);

— record quarterly revenue: Sold approximately 1.9 million ounces of silver, 2,250 ounces of gold, 16.4 million pounds of lead, and 7.0 million pounds of zinc, for revenue of $126.1mn, an increase of 51% over the three months ended 31 Dec. 2024 (fiscal 3Q:25);

— realized silver selling price: $49 per ounce after smelter deduction, with silver representing 72% of the quarterly revenue;

— cash cost per ounce of silver (net of by-product credits)1: negative $3.02, significant improvement from negative $1.88 in fiscal 3Q:25;

— all-in sustaining cost per ounce of silver (“AISC”)1 (net of by-product credits): $12.86, remaining flat with $12.75 in Q3 Fiscal 2025;

— adjusted net income (1) attributable to equity shareholders: $47.9mn, or $0.22 per share, after excluding non-cash or one-time items, compared to $22mn or $0.10 per share in fiscal 3Q:25;

— adjusted earnings before interest, income tax, depreciation and amortization (EBITDA)1: $66.7mn, or $0.30 per share, compared to $40.1mn or $0.18 per share in fiscal 3Q:25;

— net loss attributable to equity shareholders: $15.8mn, or $0.07 per share, mainly due to a $60.2mn non-cash charge on “mark-to-market” of the fair value of convertible notes;

— record cash flow from operating activities: $132.9mn, up $88.1mn, compared to $44.8mn in fiscal 3Q:25, including the $43.9mn draw-down from wheaton precious metals in Oct. 2025;

— record free cash flow1: $89.6mn, up $69mn, compared to $20.5mn in fiscal 3Q:25; and

— cash position: ended the period with cash and cash equivalents and short-term investments of $462.8mn, an increase of $80.6mn from the previous quarter, and a portfolio of equity investments with a total market value of $233.2mn, an increase of $53mn from the previous quarter.

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