$SVM

SILVERCORP METALS INC

CIK:0001340677|SEC Filings

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Profit or loss [abstract]
Revenue	$ 438,135	$ 298,895
Cost of mine operations
Production costs	115,319	108,363
Depreciation and amortization	35,143	31,014
Mineral resource taxes	9,541	7,359
Government fees and other taxes	12,335	16,009
General and administrative	12,089	12,599
Cost of sales	184,427	175,344
Income from mine operations	253,708	123,551
Corporate general and administrative	20,866	17,565
Property evaluation and business development	1,698	3,333
Foreign exchange (gain) loss	(498)	581
Gain on investments	(33,676)	(12,451)
Loss on derivative liabilities	178,544	9,011
Share of loss in associates	532	2,806
Dilution loss on investment in associate	285
Loss on disposal of plant and equipment.	226	163
Other (income) expense	3,660	(609)
Income from operations	82,071	103,152
Finance income	11,895	8,518
Finance costs	(13,551)	(6,713)
Income before income taxes	80,415	104,957
Income tax expense	47,493	26,188
Net income	32,922	78,769
Attributable to:
Equity holders of the Company	(9,944)	58,190
Non-controlling interests	42,866	20,579
Net income	$ 32,922	$ 78,769
Earnings per share attributable to the equity holders of the Company
Basic earnings per share (in Dollars per share)	$ (0.05)	$ 0.29
Diluted earnings per share (in Dollars per share)	$ (0.05)	$ 0.28
Weighted Average Number of Shares Outstanding - Basic (in Shares)	219,425,164	204,008,035
Weighted Average Number of Shares Outstanding - Diluted (in Shares)	219,425,164	206,301,970

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Operating activities
Net income	$ 32,922	$ 78,769
Add (deduct) items not affecting cash:
Finance costs	13,551	6,713
Income tax expense	47,493	26,188
Depreciation, amortization and depletion	36,888	32,828
Gain on investments, net	(33,676)	(12,451)
Loss on derivative liabilities	178,544	9,011
Share of loss in associates	532	2,806
Dilution loss on investment in associate	285
Loss on disposal of plant and equipment	226	163
Share-based compensation	4,125	3,692
Reclamation expenditures	(1,131)	(819)
Income taxes paid	(34,408)	(15,731)
Long-term deposit received	43,875
Interest paid	(82)	(126)
Changes in non-cash operating working capital	21,424	7,588
Net cash provided by operating activities	310,568	138,631
Investing activities
Payment on plant and equipment acquisition	(12,857)	(19,986)
Proceeds from disposal of plant and equipment	14	46
Payment on mineral rights and properties acquisition		(6,224)
Proceeds from disposal of mineral rights and properties	12
Payment on mineral exploration and development expenditures	(116,396)	(59,817)
Acquisition of Chaarat ZAAV CJSC	(91,696)
Payment on reclamation deposits	(711)	(83)
Refunds from reclamation deposits	634	209
Payment on other investments acquisition	(2,040)	(20,953)
Proceeds from disposal of other investments	740	36,289
Payment on acquisition of shares in associates	(9,382)	(4)
Loan advanced to a third party	(2,500)
Payment on short-term investment acquisition	(141)	(108,320)
Proceeds on short-term investment redemption	4,983	134,176
Net cash used in investing activities	(229,340)	(44,667)
Financing activities
Net proceeds from issuance of convertible notes		143,324
Interest paid on convertible notes	(7,521)
Repayment of long-term deposits		(13,250)
Lease payment	(258)	(271)
Cash dividends distributed	(5,482)	(4,948)
Non-controlling interests distribution	(24,888)	(11,049)
Related parties loan made		(500)
Proceeds from issuance of common shares	6,287	2,774
Common shares repurchased as part of normal course issuer bid		(963)
Net cash (used in) provided by financing activities	(31,862)	115,117
Effect of exchange rate changes on cash and cash equivalents	8,645	1,955
Increase in cash and cash equivalents	58,011	211,036
Cash and cash equivalents, beginning of the year	363,978	152,942
Cash and cash equivalents, end of the year	$ 421,989	$ 363,978

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Current Assets
Cash and cash equivalents	$ 421,989	$ 363,978
Short-term investments	346	5,078
Trade and other receivables	1,562	1,081
Inventories	9,493	8,028
Due from related parties	1,554	1,158
Income tax receivable		37
Prepaids and deposits	8,497	7,561
Total current assets	443,441	386,921
Non-current Assets
Long-term prepaids and deposits	13,424	2,099
Long-term receivables	5,183	1,079
Reclamation deposits	4,568	4,263
Other investments	54,243	17,277
Investment in associates	54,641	46,016
Investment properties	487	511
Plant and equipment	108,510	93,793
Mineral rights and properties	779,730	586,982
TOTAL ASSETS	1,464,227	1,138,941
Current Liabilities
Accounts payable and accrued liabilities	85,163	63,881
Current portion of lease obligation	286	278
Current portion of convertible notes	2,069	2,460
Deposits received	20,888	7,264
Income tax payable	15,574	2,679
Total current liabilities	123,980	76,562
Non-current Liabilities
Long-term portion of lease obligation	882	1,053
Long-term portion of convertible notes	115,156	108,193
Derivative liabilities		50,768
Long term deposit	44,896
Deferred income tax liabilities	63,048	59,338
Environmental rehabilitation	10,596	9,639
Total Liabilities	358,558	305,553
Equity
Share capital	428,685	411,960
Equity reserves	232,359	(15,140)
Retained earnings	279,962	305,908
Total equity attributable to the equity holders of the Company	941,006	702,728
Non-controlling interests	164,663	130,660
Total Equity	1,105,669	833,388
TOTAL LIABILITIES AND EQUITY	$ 1,464,227	$ 1,138,941