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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 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
218630129
Fully diluted shares
224072726
Mineral resource
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”). 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. Highlights of MRE for Underground Operation include: 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.
Projects
["Silvercorp Announces Updated Mineral Resource Estimate for its Condor Project, located in the Zamora Chinchipe Province of Ecuador. A 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. 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”). 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."]
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.), Yikang Liu (Director, Past Deputy General Secretary of the China Mining Association with over 40 years of geological experience in managing and exploring mineral projects.), Paul Simpson (Director, Vancouver-based 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.)

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