Silvercorp Metals Inc. Annual Financial Results for FY 2026 with Acquisition of Kyrgyz Gold Project

Silvercorp Metals Inc. filed its annual financial statements for the years ended March 31, 2026 and 2025 via Form 6-K. The company reported significant revenue growth to $438.1 million in FY2026 from $298.9 million in FY2025. However, net income decreased to $32.9 million from $78.8 million, with equity holders experiencing a loss of $9.9 million compared to a profit of $58.2 million in the prior year. The decline was primarily due to a $178.5 million loss on derivative liabilities related to convertible notes. The company completed the acquisition of Chaarat ZAAV CJSC in Kyrgyzstan, gaining 100% interest in the Tulkubash/Kyzyltash gold projects, which will be converted to a 70% joint venture with state-owned Kyrgyzaltyn. Silvercorp maintains strong liquidity with $422 million in cash and total assets of $1.46 billion. The filing includes CEO and CFO certifications confirming the accuracy of financial statements and internal controls.