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, highlighting a 55% increase in probable reserves 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.
These developments are significant as they underscore the company’s ability to grow its resource base and extend mine life, which are critical for long-term shareholder value. The increase in reserves and resources suggests potential for higher production levels and improved cash flow in the coming years. For more details, the full press release is available at https://ibn.fm/QhB54.
