Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has reported a significant increase in mineral resources at its Gaocheng silver-lead-zinc mine in Guangdong Province, China, according to an updated NI 43-101 technical report. 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, a 25% increase in reserve tonnage from the prior estimate. Based on current 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, underscoring the project's strong economics.
The report concluded that the Gaocheng Mine remains a strongly viable operation with additional potential for resource expansion through future exploration and development. This resource growth is a key driver for Silvercorp's strategy to create shareholder value by 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.
For more details, the full press release is available at https://ibn.fm/Mg5NC. Additional information about Silvercorp Metals can be found in the company's newsroom at https://ibn.fm/SVM.
