The voluntary suspension, which targeted the implementation of updated "Six Major Safety Systems" underground upgrades, weighed on output during the three-month period ending June 30. Silver production fell 17% to 1.5 million ounces, while lead and zinc volumes each dropped 15%. Gold production served as a bright spot, climbing 24% to 2,536 ounces.
Silvercorp revenue climbs 70% despite production suspension
Silvercorp Metals reported $138.7 million in revenue for the first quarter of fiscal 2027, a 70% jump over the same period last year, even as the company temporarily halted operations in June to align with new Chinese safety regulations.
Despite the production dip, development remains active across the company's portfolio. At the Ying Mining District, construction of the No. 3 mill has commenced. Meanwhile, the El Domo project in Ecuador continues to advance toward a July 2027 commissioning target, bolstered by the appointment of contractor TGJA. In Kyrgyzstan, the Chaarat ZAAV project is moving forward under the management of mining contractor CRCC19, with a bankable feasibility study expected by late July. The company plans to release its full unaudited interim financial results on August 10, 2026.
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