Silvercorp Reports Fiscal 2025 Results: $75.1M Adjusted Net Income, $0.37 per Share, and $138.6M Operating Cash Flow

Trading Symbol: TSX/NYSE AMERICAN: SVM

VANCOUVER, BC, May 22, 2025 /PRNewswire/ — Silvercorp Metals Inc. (TSX: SVM; NYSE American: SVM) unveiled its fourth-quarter and full-year fiscal 2025 results today, showcasing a year of strategic growth tempered by market-driven challenges. The Vancouver-based miner reported robust operational performance, underscored by disciplined cost management and progress on key projects, even as derivative valuation adjustments impacted short-term profitability.

Fourth Quarter Fiscal 2025: Key Metrics

• Processed 345,984 tonnes of ore, yielding 1.9 million silver-equivalent ounces (AgEq), 3,110 oz gold, 16.3 million lb lead, and 4.4 million lb zinc
• Revenue surged 76% year-over-year to $75.1 million, driven by stronger metal prices and sales volumes
• Reported net loss of $7.6 million ($0.03/share) vs. $5.5 million profit in Q4 2024, impacted by $20.6 million derivative liability charge
• Adjusted net income rose 286% to $14.7 million ($0.07/share), excluding non-cash items
• Maintained industry-low cash costs of $2.49/oz silver (net of byproducts)
• Closed quarter with $369 million in cash and short-term investments, up 100% year-over-year

Full-Year 2025 Achievements

• Record annual revenue of $298.9 million (+39% YoY)
• Net income of $58.2 million ($0.29/share), with adjusted earnings at $75.1 million ($0.37/share)
• Completed acquisition of Adventus Mining for $181 million, expanding South American footprint
• Generated $138.6 million in operating cash flow, funding $86.6 million in growth initiatives
• Negative cash cost of -$0.54/oz silver achieved through optimized byproduct credits

Operational Efficiency & Strategic Moves

Silvercorp’s Ying Mining District delivered consistent performance, processing over 1 million tonnes of ore at cash costs below industry averages. The GC Mine saw improved efficiencies despite lower zinc yields, while the $175 million credit facility positions the El Domo copper-gold project in Ecuador for accelerated development.

“Our ability to maintain negative cash costs per silver ounce demonstrates the strength of our polymetallic model,” said CEO Rui Feng. “The Adventus acquisition and ongoing exploration success give us multiple catalysts heading into fiscal 2026.”

Market Outlook

While silver prices averaged $26.95/oz in FY2025 (+35% YoY), management highlighted volatility in base metals markets. The company’s $70.9 million equity portfolio and streaming agreements provide flexibility amid shifting commodity cycles.

Analysts will closely watch Q&A on the conference call for updates on:

• Permitting progress for the Kuanping gold project
• Expansion of the Ying District’s new 1,500 tpd mill
• Hedging strategy for gold and zinc exposure

Note: Non-GAAP measures referenced; see MD&A reconciliations. Technical report parameters use $22/oz silver, $1,800/oz gold, $1.00/lb zinc, and $0.90/lb lead.

With seven consecutive years of dividend payments and a strengthened balance sheet, Silvercorp appears positioned to weather market uncertainties while pursuing growth in key precious and base metals markets.