# Silvercorp Metals Inc. (TSX:SVM)

> Silvercorp is a Canadian mining company headquartered in Vancouver, Canada, with an 18-year operating track record.

## About

Silvercorp is a Canadian mining company headquartered in Vancouver, Canada, with an 18-year operating track record. The company's mission is to build and operate profitable mines that generate sustainable economic, social, and environmental value for all stakeholders. Silvercorp trades under the symbol SVM on the TSX and NYSE American.

## Key facts

- **Cash position:** $123.9 million
- **Shares outstanding:** 218,630,129
- **Fully diluted shares:** 224,072,726
- **Warrants:** not discovered
- **Options:** 2,717,934
- **Mineral resource:** BYP Mineral Resources Estimate as of 30 June, 2024 (1.2 g/t Au and 2.2% ZnEq cut-off)

Notes:
1. The Statement of Estimates of Mineral Resources has been compiled under direction of Mr. Song Huang, who is a full-time employee of RPM and Member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity that they have undertaken to qualify as a Qualified Person as defined in the CIM Standards of Disclosure.
2. All Mineral Resources figures reported in the table above represent estimates based on drilling completed up to 30th June 2024. Mineral Resource estimates are not precise calculations, being dependent on the interpretation of limited information on the location, shape and continuity of the occurrence and on the available sampling results. The totals contained in the above table have been rounded to reflect the relative uncertainty of the estimate. Rounding may cause some computational discrepancies.
3. Silvercorp holds a 70% equity interest of BYP project, the Statement of Mineral Resources is reported on a 100% basis and does not reflect the ownership status.
4. Zn Equivalent (ZnEq) calculated using long term "Energy & Metals Consensus Forecasts" June 2024 average of USD$2,220/oz for Au, USD$2,370/t for Pb, USD$3,110/t for Zn (increasing 20% by prediction) and processing recovery of 87.41% Au, 85.87% Pb and 92.71% Zn based on 2018 BYP development and utilization plan report. Based on grades and contained metal for Au, Pb and Zn, it is assumed that all commodities have reasonable potential to be economically extractable. a. The formulas used for equivalent grade is: ZnEq= Zn + Pb*0.7058 + Au*2.1638 b. The formula used for Au ounces is: Au Oz = [Tonnage x Au grade (g/t)]/31.1035
5. Mineral Resources are reported on a dry in-situ basis.
6. Mineral Resources are reported at a 1.2 g/t Au cut-off or a 2.2% Zn equivalent cut-off. Cut-off parameters were selected based on an RPM internal cut-off calculator in which the gold price of USD$2,220 per ounce, Lead price of USD$2,370/t and Zinc price of USD$3,110/t, inflated by 120% of prices from "Energy & Metals Consensus Forecasts" to reflect long term price movements were applied, and the mining cost of USD$41 per tonne, processing cost of USD$16 per tonne milled and processing recovery of 87.41% Au, 85.87% Pb and 92.71% Zn.
7. Mining license depth limit of “Above RL -220m” was applied for the Mineral Resource reporting.
8. The Mineral Resources referred to above have not been subject to detailed economic analysis and therefore have not been demonstrated to have actual economic viability.
- **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 |\n1 Mineral reserves estimate as of December 31, 2021.\n\n### GC Mine\n#### Overview\nGaocheng (GC) is a **silver-lead-zinc underground mine** located in Guangdong Province, China, about 200 km west of the provincial capital, Guangzhou. The mine has been in production since 2014.\n\n5.5 Km2\nProperty\n\n13 years\nReserve Life\n\nPrimary Silver-Zinc\n\nLead By-product\n\n517 Koz\nFY2025 Silver Production\n\n1\nUnderground Mine\n\nUS$3.12/oz\nFY2025 AISC1\n\n1 AISC refers to all-in sustaining costs in US$ per ounce, net of by-product credits.\n\n## Mining\nUnderground mining is supported by a main shaft and a decline, producing about 330 Kt of ore per year. The primary mining method is shrinkage stoping, with resuing used for narrower, high-grade veins. Since the commissioning of the paste backfill plant in 2021, the safer and more efficient overhand cut-and-fill method has been increasingly used.\n\n## GC Mine Quick Facts\n|     |     |     |\n| --- | --- | --- |\n| **MINING LICENSE** | **VALID PERIOD** | **OWNERSHIP** |\n| **No. C1000002010113210083333** | June 2012 to November 2040 | 99% |\n\n## Processing\nOre is processed at a sulphide flotation plant with a design capacity of up to **1,600 tpd**, producing silver-lead and zinc concentrates sold to local smelters on market terms. A gravity circuit on the pyrite flotation tails also recovers tin concentrates.\n\nAn XRT intelligent ore sorting system was commissioned in March 2023.\n\nA portion of the dewatered tailings is sent to the backfill system, where it is made into paste and pumped underground to reduce the surface footprint. The remaining tailings are further dewatered and dry-stacked in a facility that is progressively reclaimed—a safe and environmentally preferred method of tailings storage.\n\n## Geology\nThe GC deposit hosts **poly-metallic veins typical of mesothermal systems**. The veins are fault-controlled and occur within altered zones that can extend meters above and below the faults. They are steeply dipping, with an average thickness of ~0.8 m, and have sharp contacts with the host rock.\n\nSilver, zinc, and lead mineralization generally follow the fault direction. High-grade zones occur at intersections of northwest–west and east–west faults, forming east-plunging shoots. To date, 256 veins have been identified at GC."]
- **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, Finance and investment professional with over two decades of experience in capital markets and corporate finance.)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2026-05-20 — press_release — [svm_2026-05-20_16-15-45.pdf](https://chat.orbiton.app/svm/preview/51693?documentId=51693)
- 2026-05-15 — other — [svm_2026-05-15_17-51-20.pdf](https://chat.orbiton.app/svm/preview/51271?documentId=51271)
- 2026-05-14 — press_release — [svm_2026-05-14_19-51-53.pdf](https://chat.orbiton.app/svm/preview/51034?documentId=51034)
- 2026-04-30 — press_release — [svm_2026-04-30_18-38-57](https://chat.orbiton.app/svm/preview/36573?documentId=36573)
- 2026-04-20 — press_release — [1 NEWS RELEASE Trading Symbol: TSX/NYSE American: SVM Silvercorp Secures RMB 1.5 Billion (~US$220 Million) Syndicated Term Loan Facilities with 2x Oversubscription, Bolstering Financial Strength for Global Mining Growth VANCOUVER, British Columbia – April 20, 2026 – Silvercorp Metals Inc. (“Silverco](https://chat.orbiton.app/svm/preview/31596?documentId=31596)
- 2026-04-16 — press_release — [Silvercorp Reports Operational Results and Financial Results Release Date for Fiscal 2026, and Issues Fiscal 2027 Production, Cash Cost, and Capital Expenditure Guidance](https://chat.orbiton.app/svm/preview/31601?documentId=31601)
- 2026-03-06 — press_release — [1 NEWS RELEASE Trading Symbol: TSX/NYSE American: SVM Silvercorp Announces Filing of MRE for the Tulkubash/Kyzyltash Gold Projects, Kyrgyzstan VANCOUVER, British Columbia – March 6, 2026 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) announces the filing of its upd](https://chat.orbiton.app/svm/preview/31604?documentId=31604)
- 2026-03-06 — other — [svm_2026-03-06_19-44-07.pdf](https://chat.orbiton.app/svm/preview/31607?documentId=31607)

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- Investor website: https://silvercorpmetals.com/