Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has reported results from an updated NI 43-101 technical report for its Ying Mining District in China, revealing substantial growth in mineral reserves and resources that extends the operation's projected mine life through 2042. The updated 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 and resource growth underscores the Ying Mining District's potential to deliver long-term value. Silvercorp'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. The company's ability to extend mine life and increase production positions it well to capitalize on growing demand for silver and base metals in renewable energy and technology sectors.
For the full press release, visit https://ibn.fm/QhB54. More information about Silvercorp is available in the company's newsroom at https://ibn.fm/SVM.
