Silvercorp reports Q2 production drop due to safety upgrades; GC Mine remains suspended pending redesign approval.

Silvercorp Metals reported a 40-50% production decrease in Q2 Fiscal 2027 due to major safety improvements at its Ying Mining District, processing 213,320 tonnes of ore and producing 0.9 million ounces of silver. Revenue fell 13% despite higher silver and gold prices. The GC Mine remains suspended awaiting approval of an updated mine development design, with production expected to resume by November 2027. Construction at other projects like El Domo and Chaarat continues amid weather challenges and progress on mill expansion and permitting.

Silvercorp Metals shares are trading at USD 9.88 on Pluang as of Oct 20, 2026 05:11 WIB, showing a modest 1.02% gain in the last day. Despite the reported 40-50% production drop in Q2 Fiscal 2027 and ongoing project challenges, investor interest remains strong with 100% buy order activity on the platform. The stock's market cap stands at $2.15 billion, reflecting steady market confidence amid operational updates.