Silvercorp Metals Reports 59% Increase in Measured and Indicated Resources at Gaocheng Mine

Silvercorp Metals (TSX: SVM) (NYSE American: SVM) reported results from an updated NI 43-101 technical report for its Gaocheng silver-lead-zinc mine in Guangdong Province, China, highlighting a 59% increase in measured and indicated mineral resource tonnage to 18.3 million tonnes. The updated estimate includes 38.3 million ounces of contained silver, 167,000 tonnes of lead and 408,000 tonnes of zinc, representing increases of 23%, 24% and 25%, respectively, in contained metals compared with the 2024 technical report.

The company also reported proven and probable mineral reserves of 6.2 million tonnes containing 12.5 million ounces of silver, 56,000 tonnes of lead and 138,000 tonnes of zinc, a 25% increase in reserve tonnage from the prior estimate. Based on current reserves, Silvercorp plans to increase annual mine throughput to approximately 370,000 tonnes from 2029 through 2041, with the updated life-of-mine plan generating an estimated post-tax NPV of $101.4 million at an 8% discount rate. The report concluded that the Gaocheng Mine remains a strongly viable operation with additional potential for resource expansion through future exploration and development.

This announcement underscores Silvercorp's strategy of creating shareholder value through organic growth and extensive drilling for discovery. The significant resource upgrade at Gaocheng not only extends the mine's life but also enhances its profitability, as reflected in the positive net present value. Investors can find the full press release here. For more information about Silvercorp, visit their newsroom here.