Silvercorp Metals Inc.(TSX:SVM)

Headquartered in Vancouver, Canada, Silvercorp is a Canadian mining company with an 18-year operating track record.

Investor website: https://silvercorpmetals.com/

About

Headquartered in Vancouver, Canada, Silvercorp is a Canadian mining company with an 18-year operating track record. Our mission is to build and operate profitable mines that generate sustainable economic, social, and environmental value for all stakeholders. Silvercorp trades under the symbol SVM on the TSX and NYSE American.

Verified company data

Cash position
$123.9 million
Shares outstanding
218,630,129
Fully diluted shares
224,072,726
Mineral resource
BYP Mineral Resources Estimate as of 30 June, 2024 (1.2 g/t Au and 2.2% ZnEq cut-off) Notes: 1. The Statement of Estimates of Mineral Resources has been compiled under direction of Mr. Song Huang, who is a full-time employee of RPM and Member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity that they have undertaken to qualify as a Qualified Person as defined in the CIM Standards of Disclosure. 2. All Mineral Resources figures reported in the table above represent estimates based on drilling completed up to 30th June 2024. Mineral Resource estimates are not precise calculations, being dependent on the interpretation of limited information on the location, shape and continuity of the occurrence and on the available sampling results. The totals contained in the above table have been rounded to reflect the relative uncertainty of the estimate. Rounding may cause some computational discrepancies. 3. Silvercorp holds a 70% equity interest of BYP project, the Statement of Mineral Resources is reported on a 100% basis and does not reflect the ownership status. 4. Zn Equivalent (ZnEq) calculated using long term "Energy & Metals Consensus Forecasts" June 2024 average of USD$2,220/oz for Au, USD$2,370/t for Pb, USD$3,110/t for Zn (increasing 20% by prediction) and processing recovery of 87.41% Au, 85.87% Pb and 92.71% Zn based on 2018 BYP development and utilization plan report. Based on grades and contained metal for Au, Pb and Zn, it is assumed that all commodities have reasonable potential to be economically extractable. a. The formulas used for equivalent grade is: ZnEq= Zn + Pb*0.7058 + Au*2.1638 b. The formula used for Au ounces is: Au Oz = [Tonnage x Au grade (g/t)]/31.1035 5. Mineral Resources are reported on a dry in-situ basis. 6. Mineral Resources are reported at a 1.2 g/t Au cut-off or a 2.2% Zn equivalent cut-off. Cut-off parameters were selected based on an RPM internal cut-off calculator in which the gold price of USD$2,220 per ounce, Lead price of USD$2,370/t and Zinc price of USD$3,110/t, inflated by 120% of prices from "Energy & Metals Consensus Forecasts" to reflect long term price movements were applied, and the mining cost of USD$41 per tonne, processing cost of USD$16 per tonne milled and processing recovery of 87.41% Au, 85.87% Pb and 92.71% Zn. 7. Mining license depth limit of “Above RL -220m” was applied for the Mineral Resource reporting. 8. The Mineral Resources referred to above have not been subject to detailed economic analysis and therefore have not been demonstrated to have actual economic viability.
Projects
["SGX And HZG Mines (Ying Mining District)\n\n#### Introduction\n\n**SGX**\n\n- Flagship silver-lead-zinc mine\n- Operates under the Yuelianggou Mining License\n- Largest of Silvercorp’s seven underground mining operations at Ying\n- Property acquired March 2004 and brought into production following two years of exploration and development on April 1, 2006\n\n**HZG**\n\n- Satellite silver-lead mine with portals located ~4 km south of SGX\n- Declared production in 2011\n\nBoth SGX and HZG are 100% owned by Henan Found Mining Ltd., a sino-foreign cooperative JV company owned 77.5% by Silvercorp and 22.5% by Henan Non-Ferrous Geological & Mineral Resources Co. Ltd. Henan Found operates under a 30-year business license issued by the Chinese government and has been granted all necessary permits.\n\n#### MINING\n\nSGX And HZG Mines Quick Facts\n\n| | | |\n| --- | --- | --- |\n| | **SGX** | **HZG** |\n| **Mine type** | Ramp and shaft<br>supported underground | Ramp supported<br>underground |\n| **Mining method** | Re-suing and shrinkage | Re-suing and shrinkage |\n| **Reserve tonnage1** | 5,230 kt | 730 kt |\n| **Reserve grades1** | 249 g/t silver<br>0.03 g/t gold<br>4.76% lead<br>2.18% zinc | 348 g/t silver<br>0.93% lead |\n| **% of Ying’s LOM ore production** | 42% | 6% |\n| **Primary metal** | Silver | Silver |\n| **By-product metals** | Lead, zinc, gold | Lead |\n\n1 Mineral reserves estimate as of December 31, 2021.\n\n#### Exploration and Geology\n\n### Recent Work/ Highlights\n\nSilvercorp completed 52,634 m of drilling in 327 diamond drill holes at SGX from July 1 to December 31, 2021.\n\nHigh-grade silver-lead-zinc intercepts at the SGX mine:\n\n- **Hole ZK02AS6E1007** intersected a 3.19 m interval (1.35 m true width) of vein S31 grading **2,532 g/t silver**, 0.69% lead, **14.38% zinc**, 0.05 g/t gold, and 0.12% copper from 58.35 m depth, at an elevation of 372 m.\n- **Hole ZK12S7001** intersected a 2.02 m interval (1.65 m true width) of vein S7a1 grading **1,315 g/t silver**, **14.36% lead**, 0.84% zinc, 0.24 g/t gold, and 0.23% copper from 161.50 m depth, at an elevation of 300 m.\n\nHigh-grade gold-silver intercepts at the SGX mine:\n\n- **Hole ZK68AS16W002** intersected a 5.38 m interval (5.36 m true width) of vein S16W grading 52 g/t silver, 1.08% lead, 0.39% zinc, **3.93 g/t gold**, and 0.01% copper from 37.67 m depth, at an elevation of 340 m.\n- **Hole ZK74S16W08** intersected a 1.74 m interval (1.58 m true width) of vein S16E3 grading 3 g/t silver, 0.01% lead, 0.01% zinc, **5.57 g/t gold**, and 0.01% copper from 92.90 m depth, at an elevation of 246 m.\n\n### Geological Background\n\nMineralization at SGX is defined by at least 75 veins within eight major and two minor vein systems. The five largest veins, S19, S8, S2, S7, and S7_1, contain about 33% of SGX’s current mineral resources. Mapping and sampling results showed that ~30% of the vein material is mineralized with massive, semi-massive, veinlet and disseminated galena and sphalerite. Vein widths range from 0.3 m to over 5 m, averaging 0.69 m. Other metallic constituents include small amounts of pyrite, chalcopyrite, hematite, and very small amounts of wire silver, silver-bearing sulfosalts (mainly pyrargyrite), silver-bearing tetrahedrite (freibergite) and possibly acanthite (silver sulphide). The minerals are confined to the veins where they occur as massive accumulations or disseminations. Galena often occurs as massive tabular lenses comprised of coarsely crystalline aggregates or fine-grained granular “steel galena” bodies, which can be up to 1.0 m thick and over 100 m along vertical and horizontal dimensions. Sphalerite, in its dark-coloured, iron-rich variety colloquially known as “blackjack”, occurs with the galena as coarse bands or aggregates. Alternating bands of galena, sphalerite, pyrite, and quartz are common near the vein margins.\n\nAt least 21 silver-lead-zinc veins have been identified at the HZG satellite mine, mostly trending NE-SW and bending NNE-SSW toward the western margin. The five largest veins, HZ26, HZ20, HZ22, HZ22E, and HZ15, contain about 59% of HZG’s current mineral resources. Sampling and drilling results indicate that 14% to 23% of the vein material is mineralized, ranging from 0.30 to 1.44 m in width, averaging 0.55 m. Compared to other veins in the district, HZG veins contain distinctly more copper (in chalcopyrite and tetrahedrite) but lower zinc. Tetrahedrite commonly forms massive lenses, likely filling tension gashes that are distributed in relay-like fashion near the vein margins and in ladder-like fashion near the centre of the veins."]
Leadership
Rui Feng, Ph.D., Geology (Chairman and CEO, Successful entrepreneur and mine builder with over 25 years of global mining experience. Integral in discovering Jinshan Gold’s CSH Gold Mine in China and founded Silvercorp in 2003.), Winnie Wang, CPA (Interim Chief Financial Officer, Over 15 years of leadership in corporate finance and accounting. Formerly Head of Finance and CFO for Asurion China.), Lon Shaver CFA (President, Over 25 years of capital markets and corporate finance experience focused on mining. Held investment banking roles and has served as CFO for mining and technology companies.)

Verified data last updated: 2026-06-12

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