Silvercorp (SVM) Soars to All-Time High as Revenues Jump 51%

We recently published 10 Firms Making Effortless 10-40% Gains. Silvercorp Metals Inc. (NYSEAMERICAN:SVM) was one of the top performers on Friday.

Silvercorp notched a new all-time high on Friday, as investor optimism was fueled by strong preliminary earnings results for the third quarter of fiscal year 2026, with revenues soaring by 51 percent.

Following six straight days of gains, the stock finished the day higher by 10.88 percent at $11.31 apiece—its highest price so far.

In a statement, Silvercorp Metals Inc. (NYSEAMERICAN:SVM) said that revenues in the third quarter jumped to $126.1 million from $83.6 million in the same period last year on the back of higher silver prices during the period which offset a 4 percent decrease in silver production.

Silver production ended at 1.9 million ounces, lower than the 1.946 million ounces in the same period last year, while silver equivalent decreased by 5 percent to 2 million ounces from 2.1 million ounces previously.

Similarly, lead production ended weaker by 4 percent at 16.4 million pounds versus 17.09 million year-on-year.

Only zinc production posted a jump in operations, at 7 million pounds, or 5 percent higher than 6.67 million pounds in the same comparable period.

Official results are set to be released after market close on February 9.

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Disclosure: None. This article is originally published at Insider Monkey.