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. The report extends the operation's projected mine life through 2042 and 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 full press release is available at https://ibn.fm/QhB54.
The significant increase in reserves underscores the potential for sustained production growth and value creation for shareholders. 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 includes focusing 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 development is particularly important for investors tracking precious metals and base metals markets, as it indicates a robust resource base that could support future operations and financial performance. The extension of mine life through 2042 provides long-term visibility. For ongoing updates, visit the company's newsroom at https://ibn.fm/SVM.
