Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has released results from an updated NI 43-101 technical report for its Gaocheng silver-lead-zinc mine in Guangdong Province, China, revealing a substantial increase in mineral resources. The measured and indicated mineral resource tonnage rose by 59% 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 with the 2024 technical report.
The company also reported proven and probable mineral reserves of 6.2 million tonnes, containing 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 these reserves, Silvercorp plans to increase annual mine throughput to approximately 370,000 tonnes from 2029 through 2041. The updated life-of-mine plan generates an estimated post-tax net present value (NPV) of $101.4 million at an 8% discount rate. The report concluded that the Gaocheng Mine remains a strongly viable operation with additional potential for resource expansion through future exploration and development.
The full press release can be accessed at https://ibn.fm/Mg5NC. Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The company’s strategy focuses on generating free cash flow from long-life mines, organic growth through extensive drilling, ongoing merger and acquisition efforts, and a long-term commitment to responsible mining and ESG.
This resource upgrade underscores the potential for sustained production and value creation at Gaocheng, positioning Silvercorp to meet increasing demand for silver and base metals. The increase in reserves and resources, coupled with the planned throughput expansion, suggests the mine will contribute significantly to Silvercorp's production profile for years to come. Investors can find the latest news and updates relating to SVM in the company’s newsroom at https://ibn.fm/SVM.
