10 Best Mining Penny Stocks to Buy Now

7. Silvercorp Metals Inc. (NYSE:SVM)

Number of Hedge Fund Holders: 14

Share Price as of the close of March 7: $3.86

Silvercorp Metals Inc. (NYSE:SVM) is a Canadian company primarily engaged in the exploration, development, and production of gold, silver, lead, and zinc. The company’s mine operations span across multiple provinces of China. SVM is one of the best penny stocks to buy now.

Silvercorp Metals Inc. (NYSE:SVM) reported a revenue of $84 million for Q3 2025, ended December 31, 2024, which is a 43% increase compared to the previous year. This was primarily due to a 16% increase in its silver production, which stood at 1.9 million ounces, and also due to a jump of 21% in average realized silver prices to $25.20 per ounce. The strong output was also supplemented by higher ore grades and increased milling capacity, bolstering gold production by 53% and lead production by 5%.

Accordingly, Silvercorp Metals Inc.’s (NYSE:SVM) net income more than doubled to $26 million, or $0.12 per share, which previously stood at $11 million, or $0.06 per share, compared to the same quarter in the previous year. The company’s operating cash flow saw a surge of 90%, standing at $45 million, driven by increased sales volume and efficient cost management. As a result, the company had a strong cash balance of $355 million at the end of 2024, which was strengthened by net proceeds received through a convertible note offering.

Looking forward, the company is putting efforts to enhance its production efficiency through key expansion projects. In January 2025, it expanded its mill at the Ying Mining District, bolstering its capacity to process from 2,500 tons to 4,000 tons per day, which is expected to improve overall costs. The company is also taking forward the El Domo Copper-Gold project in Ecuador, which is expected to start production in the latter half of 2026. Silvercorp was also able to secure final permits for the Kuanping project, setting it up for long-term growth.

Additionally, Silvercorp Metals Inc. (NYSE:SVM) reaffirmed its forecast of silver production between 6.7 million and 7.2 million ounces for fiscal year 2025. Conclusively, the company is in a strong position to profit from strong silver prices, increasing productivity, and an expanding asset base, while maintaining flexibility in terms of financing to further its future developments.