Silvercorp Metals Reports 45% Increase in Proven Reserves, Extends Mine Life to 2042

Silvercorp Metals (TSX: SVM) (NYSE American: SVM) has released an updated NI 43-101 technical report for its Ying Mining District in China, showcasing a substantial increase in mineral reserves and resources. The report extends the mine life through 2042. Proven and Probable Mineral Reserves now total 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 to the 2024 technical report, Proven Reserve tonnes increased by 45% and Probable Reserve tonnes by 55%, while contained silver, gold, lead, and zinc rose by 20%, 52%, 16%, and 22%, respectively. Measured and Indicated Mineral Resources are estimated at 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 plans to increase annual ore production from approximately 1.2 million tonnes in fiscal 2026 to over 1.6 million tonnes by fiscal 2029, maintaining that level 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 underscores Silvercorp's strategy of creating shareholder value through free cash flow generation, organic growth via drilling, and responsible mining. The company is a Canadian mining producer of silver, gold, lead, and zinc with a history of profitability.

The full press release is available at https://ibn.fm/QhB54. For the latest news and updates on SVM, visit the company's newsroom at https://ibn.fm/SVM. This announcement was disseminated by Silvercorp Metals via Rocks & Stocks, a platform within the Dynamic Brand Portfolio @ IBN. Rocks & Stocks delivers insights into the mining industry through a vast network of wire solutions via InvestorWire, article and editorial syndication to 5,000+ outlets, enhanced press release enhancement, and social media distribution. They offer tailored corporate communications solutions to reach investors and the public.