Silvercorp Metals Reports 55% Increase in Probable Reserves at Ying Mining District

Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) reported results from an updated NI 43-101 technical report for its Ying Mining District in China, highlighting significant growth in mineral reserves and resources and extending the operation’s projected mine life through 2042. The report outlines Proven and Probable Mineral Reserves of 19 million tonnes containing 106 million ounces of silver, 107,000 ounces of gold, 472,000 tonnes of lead and 150,000 tonnes of zinc. Compared with the 2024 technical report, Proven Reserve tonnes increased 45% and Probable Reserve tonnes rose 55%, while contained silver, gold, lead and zinc increased 20%, 52%, 16% and 22%, respectively.

The updated report also estimates Measured and Indicated Mineral Resources of 42.18 million tonnes containing 198 million ounces of silver, 231,000 ounces of gold, 944,000 tonnes of lead and 284,000 tonnes of zinc. Silvercorp said annual ore production is expected to increase from approximately 1.2 million tonnes in fiscal 2026 to more than 1.6 million tonnes by fiscal 2029, with that level maintained through fiscal 2031. Using long-term metal price assumptions and a 5% discount rate, the life-of-mine plan generates projected pre-tax and post-tax net present values of $1.28 billion and $1.03 billion, respectively.

This growth in reserves is particularly noteworthy as it underscores the Ying Mining District's potential to deliver long-term value. The 55% increase in Probable Reserves and the 45% increase in Proven Reserves indicate successful exploration and delineation efforts. For investors, the extended mine life to 2042 provides a clear window of production and cash flow generation. The projected increase in annual ore production from 1.2 million tonnes to over 1.6 million tonnes by fiscal 2029 suggests a ramp-up in operations that could boost revenue and profitability.

The updated technical report is a key milestone for Silvercorp, as it reaffirms the company's ability to grow its resource base and extend mine life. The inclusion of gold, lead, and zinc alongside silver diversifies the revenue stream and reduces reliance on a single metal. With a strong balance sheet and a history of profitability, Silvercorp is well-positioned to fund the expansion and capitalize on the favorable metal price environment.

For more details, the full press release is available at https://ibn.fm/QhB54. Additional information about Silvercorp can be found at https://ibn.fm/SVM.