In an exclusive GOLDINVEST interview, Lon Shaver, President of Silvercorp Metals (TSX/NYSE: SVM, FWB: S9Y), spoke about the company’s recent successes, the expansion of activities into Ecuador, and strategic plans for the coming months.
Silvercorp Metals achieved a new record in operating cash flow in the first quarter of fiscal year 2026: US$48 million. The company thus underscored its strong position as a profitable precious metals producer with solid fundamentals. In total, Silvercorp currently holds US$377 million in cash and investments, which provides significant financial leeway for investments and acquisitions.
While the company continues to develop its established mines in China, a tragic fatality occurred at the HHZG mine. Shaver emphasized that safety is the highest priority and that measures have been taken together with the authorities to minimize the impact on production.
A key growth driver for the future is the expansion into Ecuador. Silvercorp has secured interests in two significant projects there: El Domo and Condor. Both projects are considered potentially groundbreaking for the company’s future production and revenue development. Shaver highlighted that copper, in particular, will play a central role in Silvercorp’s raw material mix in the coming years.
In the interview, Shaver also spoke about the streaming agreement with Wheaton Precious Metals announced in July, which offers additional flexibility in project financing. The offtake agreement with Trafigura was also highlighted, which secures the sale of future mined metals.
For the next six months, Silvercorp expects important milestones, particularly for the projects in Ecuador. In parallel, the company is exploring acquisition opportunities worldwide to strategically complement its existing portfolio. “”Ecuador offers enormous opportunities for the mining sector,”” said Shaver, “”and we are convinced that we can create long-term value for our shareholders there.””
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