Silvercorp Metals (SVM.TO, SVM) rose 4% in premarket New York trading after the company on Wednesday said its fiscal fourth-quarter revenue rose 76% on higher production from its Chinese mines and issued guidance for its 2026 fiscal year.
The company said its revenue in the quarter ended March 31 rose to US$76.1 million, up from US$42.68 million in the year-prior quarter, while production of silver, lead and zinc rose to 1.9-million silver-equivalent ounces, up from 1.3-million SEOs a year earlier.
Silvercorp said it expects silver production in its current fiscal year of between 7.38-million and 7.6-million ounces, up from 6.95 million in in fiscal 2025. Output of lead, zinc and gold is also expected to rise as it boosts ore milling to 1.37-million tonnes in the fiscal year, up from 1.31-million.
All-in sustaining costs are forecast to run between US$154.80 to US$157.80 per tonne of milled ore, up from US$145.70 over the first three quarters of fiscal 2025.
The company's shares were last seen up US$0.15 to US$3.96 in premarket trade. They closed down $0.06 to $5.31 Tuesday on the Toronto Stock Exchange.
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