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Silvercorp Metals Inc.

TSX:SVMLive AI agent

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 operates several mines and is committed to sustainable practices and corporate governance.

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
["SGX And HZG Mines Quick Facts\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\nTLP Mine Quick Facts\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.\n\nLME Mine Quick Facts\n| LME Mine Quick Facts | |\n| --- | --- |\n| Mine Type | Ramp and shaft supported underground |\n| Mining Method | Re-suing and shrinkage |\n| Reserve tonnage1 | 910 kt |\n| Reserve grades1 | 325 g/t silver<br>0.27 g/t gold<br>1.61% lead<br>0.38% zinc |\n| % of Ying’s LOM ore production | 7% |\n| Primary metal | Silver |\n| By-product metals | Lead, zinc, gold |\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 served as CFO for mining companies.)

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