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Silvercorp Metals Inc.

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Silvercorp Metals Inc.

Investor website: https://silvercorpmetals.com/

About

Silvercorp Metals Inc. is a Canadian mining company focused on the acquisition, exploration, and development of silver-related mineral properties in China. The company is committed to sustainable practices and aims to support the expanding green energy sector by providing high-quality silver products.

Verified company data

Cash position
$123.9 million
Shares outstanding
218630129
Fully diluted shares
224072726
Mineral resource
The Mineral Resource estimate that was previously reported in May 2025, with an effective date of February 28, 2025, has been revised for this report using an updated assessment of the reasonable prospects for eventual economic extraction. The updated parameters include revised metals price assumptions and mining methods in accordance with the assumptions used in the PEA study. The underground Mineral Resources at the Los Cuyes and Camp deposits are reported within stope optimizations that reflect a simplified set of parameters from the PEA mining study and updated metal prices. The Mineral Resource estimates for the underground and open pit deposits are shown in Table 6 and Table 7. Six additional holes have been drilled at Los Cuyes, but the Mineral Resource estimates have not been updated using this data at present. The qualified person reviewed the additional exploration data and is of the opinion that the new information generally aligns with the previous interpretation of the mineralized shears, and would not be expected to have a material impact on the Mineral Resource estimate.
Projects
["SGX And HZG Mines (Ying Mining District)\n\n**SGX**\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- 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### HPG Mine (Ying Mining District)\n\n**HPG**\n- Silver-gold-lead-zinc mine northeast of SGX\n- Operates under the Yuelianggou Mining License\n- Underground mine first opened in April 1995 and acquired in January 2007\n- Property 100% owned by Henan Huawei Mining Co. Ltd., a sino-foreign cooperative JV company owned 80% by Silvercorp and 20% by Luoning Huatai Mining Development Co. Ltd.\n\n#### MINING\n\n| HPG Mine Quick Facts | |\n| --- | --- |\n| Mine Type | Ramp supported underground |\n| Mining Method | Re-suing and shrinkage |\n| Reserve tonnage2 | 790 kt |\n| Reserve grades2 | 73 g/t silver<br>1.63 g/t gold<br>3.03% lead<br>1.19% zinc |\n| % of Ying’s LOM ore production | 6% |\n| Primary metal | Silver |\n| By-product metals | Lead, zinc, gold |\n\n1 Mineral reserves estimate as of December 31, 2021.\n\n### TLP Mine (Ying Mining District)\n\n**TLP**\n- Silver-lead mine ~11 km east-southeast of SGX\n- Operates under the Tieluping-Longmen Mining License\n- Owned 77.5% by Silvercorp\n- Second-largest underground operation at Ying\n- Property acquired in December 2007 and production resumed in March 2008\n\n#### MINING\n\n| TLP Mine Quick Facts | |\n| --- | --- |\n| Mine Type | Ramp supported underground |\n| Mining Method | Re-suing and shrinkage |\n| Reserve tonnage1 | 2,580 kt |\n| Reserve grades1 | 213 g/t silver<br>3.05% lead |\n| % of Ying’s LOM ore production | 21% |\n| Primary metal | Silver |\n| By-product metals | Lead |\n\n1 Mineral reserves estimate as of December 31, 2021."]
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 been a consultant in the resource sector.)

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