
Sector: Silver mining
Geography: China, Canada
COMM_SVM
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: yahoo_fundamentals_timeseries/SVM
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 147.4 y/y — | 92.2 y/y — | 8.2 y/y — | 100.4 y/y — | -0.7 y/y — | 90.2 | -119.3 | 1464.2 y/y — | 941.0 y/y — | -0.3% | -304.8 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 126.1 y/y 50.8% | 68.8 y/y 74.9% | 10.5 y/y 15.8% | 79.3 y/y 63.8% | -15.8 y/y -1539.3% | 132.9 | -4.7 | 1373.3 y/y 22.8% | 710.6 y/y -14.8% | -3.0% | -348.7 | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 82.4 y/y 21.2% | 36.0 y/y 30.4% | 8.7 y/y 19.2% | 44.8 y/y 28.1% | -11.4 y/y -164.3% | 38.7 | -27.5 | 1226.7 y/y 25.0% | 718.1 y/y 2.0% | -6.3% | 41.7 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 81.3 y/y 12.7% | 30.8 y/y -9.0% | 9.4 y/y 22.2% | 40.2 y/y -3.2% | 18.1 y/y -17.4% | 48.3 | -25.8 | 1178.2 y/y 60.0% | 726.0 y/y 38.5% | 10.1% | -264.5 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 75.1 y/y 92.2% | 2.4 y/y -76.2% | 8.7 y/y 161.2% | 11.1 y/y -16.5% | 17.4 y/y 2535.2% | 30.7 | -33.7 | 1138.9 y/y 62.1% | 702.7 y/y 38.5% | 7.6% | -253.3 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 83.6 y/y 42.9% | 39.3 y/y 122.3% | 9.1 y/y 12.3% | 48.4 y/y 87.8% | 1.1 y/y -89.5% | 44.8 | -8.5 | 1118.2 y/y 55.5% | 834.0 y/y 63.1% | 0.2% | -238.1 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 68.0 y/y 26.0% | 27.6 y/y 62.8% | 7.3 y/y 5.7% | 34.9 y/y 46.3% | 17.7 y/y 60.2% | 23.1 | -27.5 | 981.5 y/y 44.3% | 703.9 y/y 43.9% | 11.5% | -179.1 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 72.2 y/y 13.5% | 33.9 y/y 74.8% | 7.7 y/y -27.2% | 41.6 y/y 38.6% | 21.9 y/y 55.8% | 40.0 | -16.4 | 736.1 y/y 4.2% | 524.2 y/y 5.9% | 17.0% | -62.4 | Link |
| 2024-03-31 | Q1 2024 (3M) | PARTIAL | 39.1 y/y — | 9.9 y/y — | 3.3 y/y — | 13.2 y/y — | 0.7 y/y — | -1.1 | -13.2 | 702.8 y/y 3.8% | 507.3 y/y 3.7% | 7.1% | -152.9 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 58.5 y/y — | 17.7 y/y — | 8.1 y/y — | 25.8 y/y — | 10.5 y/y — | 23.6 | -16.8 | 719.1 y/y — | 511.2 y/y — | 2.8% | -142.9 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 54.0 y/y — | 17.0 y/y — | 6.9 y/y — | 23.9 y/y — | 11.1 y/y — | 28.8 | -15.4 | 680.4 y/y — | 489.2 y/y — | 9.0% | -118.6 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 63.6 y/y — | 19.4 y/y — | 10.6 y/y — | 30.0 y/y — | 14.1 y/y — | 40.2 | -18.1 | 706.6 y/y — | 495.2 y/y — | 11.4% | -149.2 | Link |
| 2023-03-31 | FY 2023 (12M) | OK | 208.1 y/y — | 33.7 y/y — | 29.4 y/y — | 63.1 y/y — | 20.6 y/y — | 85.6 | -55.0 | 676.8 y/y — | 489.1 y/y — | — | -145.7 | Link |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Physical operating metrics — supplementary, not part of the financial statements
Silver
| Year | Production, mln ounces | per day |
|---|---|---|
| 2026 | 1.60 * (3M) −15.8% | 17 522 |
| 2025 | 10.97 +28.8% | 30 055 |
| 2024 | 8.52 −27.7% | 23 332 |
| 2023 | 11.77 +27.0% | 32 258 |
| 2022 | 9.27 +34.4% | 25 400 |
| 2021 | 6.90 −22.4% | 18 904 |
| 2020 | 8.90 | 24 375 |
| 2019 | 2.10 * (6M) | 11 499 |
* partial year
EI1 ___NASDAQ_press_comm (NASDAQ / SEC filings)
Current 58spot vs LTM -8%
Target market cap from conservative EBITDA and the historical EV/EBITDA
Upside: -70.2% ▼ -0.3 pp 1d
Main driver: Silver -8% vs LTM; revenue ×0.93 vs costs ×1.04; EBITDA 157→62; at 5.4× EV/EBITDA → -70%.
Product prices — moves vs the LTM average
| Commodity | Share | Spot | LTM | 3-yr | vs LTM, $ | 3y vs LTM |
|---|---|---|---|---|---|---|
| Silver (rev) | +70% | 57.64 | 62.83 | 41.56 | -8% | -34% |
| Gold (rev) | +30% | 4 050.27 | 4 246.02 | 3 189.61 | -5% | -25% |
How it is calculated — revenue → costs → EBITDA → target market cap
| 1 · Reported baseline (LTM) | |
| LTM revenue | 437 |
| LTM EBITDA | 157 |
| LTM cash costs (revenue − EBITDA) | 281 |
| 2 · Revenue projection | |
| Revenue multiplier — spot | ×0.928 (-7%) |
| = Spot revenue | 406 |
| Revenue multiplier — 3y price | ×0.688 (-31%) |
| = 3-year-price revenue | 301 |
| 3 · Costs projection | |
| Cost multiplier — spot | ×1.040 (+4%) |
| = Spot cash costs | 292 |
| Cost multiplier — 3y price | ×1.040 (+4%) |
| = 3-year-price cash costs | 292 |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 114 |
| = 3-year-price EBITDA | 9 |
| Conservative EBITDA = min(spot, avg) | 62 |
| 5 · Valuation → target market cap | |
| Historical EV/projected-EBITDA (75th pct) | 5.4x |
| Target EV = EV/EBITDA × conservative EBITDA | 332 |
| Net debt | -305 |
| Target market cap = EV − net debt | 678 |
| Current market cap | 2 275 |
Upside = target market cap ÷ current − 1 = -70.2%
Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.
| Period | Act. rev | Model rev | Δ rev | Act. EBITDA | Model EBITDA | Δ EBITDA |
|---|---|---|---|---|---|---|
| 2023 Q2 | 54 | 55 | -2.5% | 24 | 17 | +40.8% |
| 2023 Q3 | 59 | 54 | +9.1% | 26 | 16 | +62.0% |
| 2024 Q4 | 43 | 53 | -19.6% | 17 | 16 | +9.2% |
| 2024 Q1 | 72 | 66 | +9.8% | 42 | 35 | +20.5% |
| 2024 Q2 | 68 | 68 | +0.3% | 35 | 37 | -6.5% |
| 2024 Q3 | 84 | 72 | +15.6% | 49 | 41 | +18.8% |
| 2025 Q4 | 75 | 77 | -2.5% | 14 | 45 | -69.8% |
| 2025 Q1 | 81 | 86 | -5.5% | 40 | 45 | -10.8% |
| 2025 Q2 | 82 | 96 | -13.9% | 45 | 52 | -14.1% |
| 2025 Q3 | 126 | 123 | +2.5% | 24 | 78 | -69.6% |
| 2026 Q4 | 147 | 169 | -13.1% | 48 | 107 | -55.5% |
Projected EV/EBITDA 4.8x · target 75th pct (3y) 5.4x · LTM avg 8.0x
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-06-05 | 0.013 USD | Ex-dividend: 0.013 USD per share | Paid | Yahoo Finance (ex-div) |
| 2025-06-06 | 0.013 USD | Ex-dividend: 0.013 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-11-29 | 0.013 USD | Ex-dividend: 0.013 USD per share | Paid | Yahoo Finance (ex-div) |
| 2024-06-07 | 0.013 USD | Ex-dividend: 0.013 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-11-24 | 0.013 USD | Ex-dividend: 0.013 USD per share | Paid | Yahoo Finance (ex-div) |
| 2023-06-09 | 0.013 USD | Ex-dividend: 0.013 USD per share | Paid | Yahoo Finance (ex-div) |
| 2022-11-25 | 0.013 USD | Ex-dividend: 0.013 USD per share | Paid | Yahoo Finance (ex-div) |
| 2022-06-03 | 0.013 USD | Ex-dividend: 0.013 USD per share | Paid | Yahoo Finance (ex-div) |
| 2021-11-23 | 0.013 USD | Ex-dividend: 0.013 USD per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Silvercorp Metals (SVM) — from primary filings.
Silvercorp Metals Inc. acquires, explores, develops, and mines mineral properties in China, focusing on copper, silver, gold, lead, and zinc metals.