Start here if you're new
what it is
Silvercorp pulls silver, gold, lead, and zinc out of underground mines in China and Mexico.
how it gets paid
Last year Silvercorp Metals made $299M in revenue. Silver was the main engine at $147M, or 49% of sales.
why it's growing
Revenue grew 38.9% last year. The company said Q3 fiscal 2026 revenue was a record and up 51% vs. prior year.
what just happened
One quarter in the feed: about $126M revenue, but EPS landed at -$0.05 (q)—not the full-year $299M scale above.
At a glance
n/a balance sheet
55/100 earnings predictability — expect surprises
71.3x trailing p/e — can distort when a single quarter prints a loss; anchor to TTM EPS in the filing
0.2% dividend yield — cash in your pocket every quarter
7.6% return on capital — nothing to write home about
xvary composite: 59/100 — below average
What they do
Silvercorp pulls silver, gold, lead, and zinc out of underground mines in China and Mexico.
Silvercorp runs 1,190 employees on $299M of revenue. That is $252,100 per worker before you count the rocks. Operating margin is 52.3% on the full-year / KPI feed on this page—quarterly gross margin in earnings below can print lower (e.g. 41.3% on the Q3 read) without being the same line item window. You do not switch out a mine with a mouse click, especially when seven underground mines and two plants feed 2,500 tons a day.
How they make money
$299M
annual revenue · their business grew +38.9% last year
Silver
$147M
Lead
$79M
Zinc
$49M
Gold
$24M
The products that matter
flagship silver-lead-zinc mining district
Ying Mining District
core to the $299M revenue base
it's the main producing asset behind most of the company's $299M annual revenue. if this district disappoints, the whole story wobbles.
core asset
secondary silver-lead-zinc production
GC Mine
supporting operating asset
it adds production depth, but this page does not break out its revenue separately. that's the point — you should treat it as support, not the thesis.
support asset
70% stake in gold project
Tulkubash/Kyzyltash
Kyrgyzstan gold stake · post–2025 narrative
the 70% stake (Tulkubash/Kyzyltash) was part of the forward story as this page was built—timing and closing can move vs headlines. it adds development risk before it adds cash flow.
new bet
Key numbers
$299M
annual revenue
That is the top line from a 1,190-person miner. Small headcount, real cash, no SaaS cosplay.
52.3%
operating margin
More than half of sales stayed above operating costs on the FY consolidated feed here—do not stack this against quarterly gross margin in the earnings strip without matching the period in the filing.
71.3x
trailing p/e
You are paying 71.3 years of last year's earnings for a miner. That is a steep price.
7.6%
return on capital
Every $100 tied up in the business produced $7.60 of operating profit. That is decent, not heroic.
Financial health
n/a
strength
- balance sheet grade n/a
- risk rank 3 — safer than 50% of stocks
- price stability 15 / 100
- long-term debt $109M (4% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for SVM right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $126M last quarter, but EPS landed at -$0.05.
The company said Q3 fiscal 2026 revenue was a record and up 51% vs. prior year. EDGAR shows a 41.3% gross margin, which leaves room after mine costs.
$126M
rev (q)
-$0.05
eps (q)
41.3%
gross margin (q)
the number that mattered
The $126M quarter mattered because it was 51% above last year and showed the mine complex is still throwing off volume.
source: company earnings report, 2026
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What could go wrong
the #1 risk is silver price dependence with weak profit conversion.
high
silver price volatility
silver sales were $149M, or 50% of revenue. when your largest segment is the metal itself, price swings hit fast.
hits the biggest revenue line first
med
china concentration
the operating base is primarily in China. if permitting, local enforcement, labor conditions, or logistics shift, core production is concentrated in one geography.
concentrates operational and jurisdiction risk
med
cost control is not keeping up with revenue
q3 2026 revenue beat estimates by 7.3%, yet EPS was -$0.07. that tells you higher sales are not reliably becoming shareholder earnings.
metal tailwinds can still produce losses
med
new gold project execution
the 70% stake in Tulkubash/Kyzyltash broadens the story, but until it produces cash flow, it is a development project with timing and capital risk.
adds complexity before it adds earnings
silver sales account for $149M of the $299M revenue base, and the company still posted a quarterly loss. that is not much cushion if prices or costs move the wrong way.
source: institutional data · regulatory filings · risk analysis
Pay attention to
calendar
next earnings report
scheduled for may 21, 2026. you want to see whether the revenue strength finally turns into positive EPS.
key metric
silver is still half the story
silver sales were $149M, or 50% of revenue. if you are bullish here, this is the number you are really underwriting.
ownership trend
institutional sponsorship
page data shows 22.3% institutional ownership and $305M of inflows over the last 12 months. watch whether that support holds if earnings stay messy.
risk
tulkubash/kyzyltash execution
the 70% stake acquired in january 2026 can expand the asset base. it can also absorb capital before it earns a dollar.
Analyst rankings
earnings predictability
55 / 100
in human-speak, analysts expect results to be lumpy. this is not the kind of stock that prints the same quarter over and over.
price stability
15 / 100
low stability means the stock can swing hard with metal prices, sentiment, or both.
source: institutional data
Institutional activity
institutional ownership data for SVM is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$9
current price
n/a
target midpoint · n/a from current
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