Curated News
By: NewsRamp Editorial Staff
June 24, 2026

Silvercorp Metals Reports Major Resource Increase at Gaocheng Mine

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TLDR

  • Silvercorp Metals increased measured and indicated resources by 59%, boosting silver, lead, and zinc content significantly.
  • The updated NI 43-101 report for Gaocheng mine shows 18.3M tonnes M&I resources, with reserves supporting 370,000 tpa throughput through 2041.
  • Silvercorp’s long-life mine plan and commitment to responsible mining aim to create sustainable value for communities and shareholders.
  • Gaocheng mine’s post-tax NPV of $101.4M at 8% discount rate highlights strong viability and potential for further resource expansion.

Impact - Why it Matters

This news matters for investors and the mining industry because Silvercorp's substantial resource and reserve upgrades at the Gaocheng mine signal strong growth potential and extended mine life, which could translate into increased production and shareholder value. The 59% boost in resource tonnage and improved NPV highlight the operation's viability and the company's ability to expand through exploration. For stakeholders, this suggests a promising outlook for silver, lead, and zinc supply from a profitable, long-life asset in China, reinforcing Silvercorp's position in the precious and base metals market.

Summary

Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has announced a significant update to its mineral resource and reserve estimates for the Gaocheng silver-lead-zinc mine in Guangdong Province, China, as outlined in a new NI 43-101 technical report. The report reveals a 59% increase in measured and indicated mineral resource tonnage to 18.3 million tonnes, containing 38.3 million ounces of silver, 167,000 tonnes of lead, and 408,000 tonnes of zinc. This represents increases of 23%, 24%, and 25% in contained metals, respectively, compared to the 2024 technical report. The company also reported proven and probable mineral reserves of 6.2 million tonnes, including 12.5 million ounces of silver, 56,000 tonnes of lead, and 138,000 tonnes of zinc, marking a 25% increase in reserve tonnage from the prior estimate.

Based on the current reserves, Silvercorp plans to boost annual mine throughput to approximately 370,000 tonnes from 2029 through 2041. The updated life-of-mine plan projects a post-tax net present value (NPV) of $101.4 million at an 8% discount rate, underscoring the economic viability of the Gaocheng Mine. The technical report concludes that the operation remains strongly viable with additional potential for resource expansion through future exploration and development. To view the full press release, visit https://ibn.fm/Mg5NC.

Silvercorp is a Canadian mining company focused on producing silver, gold, lead, and zinc, with a history of profitability and growth. The company’s strategy emphasizes generating free cash flow from long-life mines, organic growth through extensive drilling, ongoing merger and acquisition efforts, and a commitment to responsible mining and ESG. This news release was disseminated on behalf of Silvercorp Metals and may include paid advertising. For the latest news and updates relating to SVM, visit the company’s newsroom at https://ibn.fm/SVM. InvestorWire, a specialized communications platform within the Dynamic Brand Portfolio @ IBN, distributed this press release, offering services such as press release syndication, editorial syndication to 5,000+ outlets, enhanced press release enhancement, and social media distribution.

Source Statement

This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Silvercorp Metals Reports Major Resource Increase at Gaocheng Mine

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