Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has released updated results from an NI 43-101 technical report for its Ying Mining District in China, revealing substantial growth in mineral reserves and resources and an extension of 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.
The announcement underscores Silvercorp's commitment to expanding its resource base and extending the life of its flagship operation. The Ying Mining District is a key asset for the company, which has a long history of profitability and growth potential. The company'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.
For a detailed view of the press release, visit this link. More information about Silvercorp Metals is available in the company's newsroom at https://ibn.fm/SVM.
The updated reserve and resource estimates are expected to provide a solid foundation for Silvercorp's future production and financial performance, with the potential for continued growth through further exploration and development. The extended mine life through 2042 offers long-term visibility for investors and stakeholders.
