Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has released 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 projected mine life through 2042. The report, which builds on the 2024 technical report, highlights a 55% increase in probable reserve tonnes and a 45% increase in proven reserve tonnes, underscoring the district's expanding potential.
According to the updated report, proven and probable mineral reserves now total 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 to the previous estimate, contained silver increased 20%, gold rose 52%, lead grew 16%, and zinc increased 22%. The company also reported 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 Ying Mining District has been a cornerstone of Silvercorp's operations, and this updated report reinforces its status as a long-life, low-cost asset. The significant increase in reserves, particularly in gold content, highlights the district's polymetallic nature and potential for further discovery. The company's strategy focuses on generating free cash flow from long-life mines, organic growth through extensive drilling, and ongoing merger and acquisition efforts.
Investors can view the full press release at https://ibn.fm/QhB54. For more information about Silvercorp Metals, visit the company's newsroom at https://ibn.fm/SVM.
