Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has released results from an updated NI 43-101 technical report for its Ying Mining District in China, revealing substantial growth in mineral reserves and resources and extending the operation's projected mine life through 2042. The report outlines Proven and Probable Mineral Reserves of 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 with the 2024 technical report, Proven Reserve tonnes increased 45% and Probable Reserve tonnes rose 55%, while contained silver, gold, lead and zinc increased 20%, 52%, 16% and 22%, respectively.
The updated report also estimates Measured and Indicated Mineral Resources of 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 said annual ore production is expected to increase from approximately 1.2 million tonnes in fiscal 2026 to more than 1.6 million tonnes by fiscal 2029, with that level maintained 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.
The significant reserve increase underscores Silvercorp's ability to replace and expand its resource base through ongoing exploration and drilling. The company has a long history of profitability and growth potential, focusing on generating free cash flow from long-life mines, organic growth through extensive drilling, and ongoing merger and acquisition efforts. The Ying Mining District remains a cornerstone asset, and the updated technical report provides a clear roadmap for production growth over the next decade.
For more details, the full press release is available at https://ibn.fm/QhB54. Investors seeking the latest news and updates on Silvercorp can visit the company's newsroom at https://ibn.fm/SVM.
