Silvercorp Metals Inc.

TSX:SVMLive AI agent

Investor website: https://silvercorpmetals.com/

About

Silvercorp Metals is a Canadian mining company headquartered in Vancouver, with 20 years of profitable silver, gold, lead, and zinc production from its mines in China, and a transformative growth pipeline, including: The El Domo copper-gold project under construction and the Condor gold project, both in Ecuador; The Tulkubash and Kyzyltash gold projects in Kyrgyzstan. Silvercorp trades on the TSX and NYSE American under the symbol SVM, and has applied for a listing on the Hong Kong Stock Exchange.

Verified company data

Cash position: $123.9 million
Shares outstanding: 175,047,941
Fully diluted shares: 224072726
Mineral resource: The MRE update was completed by SRK Consulting (Canada) Inc. (“SRK”) with an effective date of February 28, 2025, focused on the higher-grade material that would be accessible through underground mining, whereas the Camp and Los Cuyes deposits are reported as underground resources, based on cutoff grades of 2.2 g/t (Base Case), 1.5 g/t (Case 2), and 1 g/t (Case 3) of gold equivalent (“AuEq”). **Highlights of MRE for Underground Operation** - Total indicated underground mineral resources of 3.17 million tonnes (“Mt”) at Camp and Los Cuyes deposits, containing 0.34 million ounces (“Mozs”) of gold (“Au”), 2.0 Moz of silver (“Ag”), and 49.4 million pounds (“Mlbs”) of zinc (“Zn”), or collectively 0.37 Moz gold equivalent (“AuEq”) at a cutoff grade of 2.2 g/t AuEq. - Total inferred underground mineral resources of 12.1 Mt at Camp and Los Cuyes deposits, containing 1.38 Mozs of Au, 8.56 Mozs of Ag, and 204.2 Mlbs of Zn, or collectively 1.50 Mozs AuEq at a cutoff grade of 2.2 g/t AuEq. - Favorable initial metallurgical test work indicates laboratory-based gold recoveries of up to 96% at Camp and 88% at Los Cuyes based on cyanide leaching. **Resource Estimation Details** The mineralized bodies have been modeled as a combination of sub-vertical to steeply dipping planar structures, and a disseminated system of mineralization in four distinct deposits, each with individual mineralization characteristics. The exploration database contains exploration results from previous operators of the Project from 1993 to 2018. Silvercorp has undertaken relogging of the drill holes and a re-interpretation of the controls on mineralization. The mineral resources have been estimated using a combination of ordinary kriging and Inverse Distance squared weightings depending on the quantity and density of data available in each mineralized domain. The mineral resources have been classified and reported in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards and NI 43-101. A full NI 43-101 technical report covering all the details of mineral resource estimation processes will be posted under the Company’s SEDAR+ profile at www.sedarplus.ca within 45 days from the date of this news release.
Projects: ["Silvercorp Announces Updated Mineral Resource Estimate for its Condor Project, located in the Zamora Chinchipe Province of Ecuador\n\n**Trading Symbols:** **TSX/NYSE AMERICAN: SVM**\n\nVANCOUVER, British Columbia – May 12, 2025 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) is pleased to report an updated independent mineral resource estimate (the “MRE”) prepared in accordance with National Instrument 43-101- _Standards of Disclosure for Mineral Projects_ (“NI 43-101”) for its Condor gold project in the Zamora-Chinchipe Province of Ecuador (the “Project”).\n\nA preliminary economic assessment (“PEA”) was completed on the Project in 2021 by a previous operator, which outlined a high tonnage, low-grade, open pit gold project. As discussed in its December 4, 2024 press release, that after publishing an updated MRE the Project, the Company will then publish an updated Preliminary Economic Assessment study for the Project.\n\nThe MRE update was completed by SRK Consulting (Canada) Inc. (“SRK”) with an effective date of February 28, 2025, focused on the higher-grade material that would be accessible through underground mining, whereas the Camp and Los Cuyes deposits are reported as underground resources, based on cutoff grades of 2.2 g/t (Base Case), 1.5 g/t (Case 2), and 1 g/t (Case 3) of gold equivalent (“AuEq”).\n\n**Highlights of MRE for Underground Operation**\n\n- Total indicated underground mineral resources of 3.17 million tonnes (“Mt”) at Camp and Los Cuyes deposits, containing 0.34 million ounces (“Mozs”) of gold (“Au”), 2.0 Moz of silver (“Ag”), and 49.4 million pounds (“Mlbs”) of zinc (“Zn”), or collectively 0.37 Moz gold equivalent (“AuEq”) at a cutoff grade of 2.2 g/t AuEq.\n- Total inferred underground mineral resources of 12.1 Mt at Camp and Los Cuyes deposits, containing 1.38 Mozs of Au, 8.56 Mozs of Ag, and 204.2 Mlbs of Zn, or collectively 1.50 Mozs AuEq at a cutoff grade of 2.2 g/t AuEq.\n- Favorable initial metallurgical test work indicates laboratory-based gold recoveries of up to 96% at Camp and 88% at Los Cuyes based on cyanide leaching.\n\n**Resource Estimation Details**\n\nThe mineralized bodies have been modeled as a combination of sub-vertical to steeply dipping planar structures, and a disseminated system of mineralization in four distinct deposits, each with individual mineralization characteristics. The exploration database contains exploration results from previous operators of the Project from 1993 to 2018. Silvercorp has undertaken relogging of the drill holes and a re-interpretation of the controls on mineralization. The mineral resources have been estimated using a combination of ordinary kriging and Inverse Distance squared weightings depending on the quantity and density of data available in each mineralized domain. The mineral resources have been classified and reported in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards and NI 43-101.\n\nA full NI 43-101 technical report covering all the details of mineral resource estimation processes will be posted under the Company’s SEDAR+ profile at www.sedarplus.ca within 45 days from the date of this news release."]
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.), Derek Liu (Chief Financial Officer, Member of Chartered Professional Accountants of British Columbia with senior accounting experience in public mining companies.), Yikang Liu (Director, Past Deputy General Secretary of the China Mining Association with over 40 years of geological experience.), Paul Simpson (Director, Corporate securities lawyer with over 20 years of experience advising public companies in natural resources.), Marina A. Katusa (Director, Over 15 years of experience in mineral exploration and corporate development. Holds an MBA and a BSc in Geology.), Ken Robertson, CA, CPA, ICD.D (Director, Chartered Professional Accountant with over 35 years of experience in public accounting and governance.), Helen Cai, CFA, CAIA (Director, Senior Executive Vice-President and CFO of Barrick with over two decades of experience in equity research and corporate finance.)

Verified data last updated: 2026-09-25

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