#Canada #Vancouver #mining #Silvercorp #Condor Project

Silvercorp Metals Updates Mineral Resource Estimate for Condor Project

Silvercorp Metals Inc., a prominent Canadian mining company, has recently announced the filing of an updated mineral resource estimate (MRE) for its Condor Project in Ecuador. This important update comes after a previous release dated May 12, 2025, highlighting the company's commitment to transparency and shareholder value.

The new report, titled "Independent Technical Report for the Condor Project, Ecuador," takes effect as of February 28, 2025, and was meticulously prepared by SRK Consulting (Canada) Inc. This updated report adheres to the National Instrument 43-101 (NI 43-101) Standards of Disclosure for Mineral Projects, ensuring that the information is reliable and follows industry best practices.

One critical point to note is that the updated technical report reveals no material differences compared to the information presented in the previous release. At this juncture, the Condor Project does not constitute a material property of Silvercorp. However, the MRE has been filed on a voluntary basis as part of the company’s effort to maintain judicious communication with its stakeholders.

Silvercorp has established a reputation as a reliable mining firm focusing on silver, gold, lead, and zinc extraction. The company has implemented various strategies aimed at enhancing shareholder value and fostering growth. These strategies include generating free cash flow from its long-term mining assets, engaging in organic growth through extensive discovery drilling, and pursuing mergers and acquisitions to unlock further value.

The Condor Project, while currently not a primary asset, symbolizes Silvercorp's efforts to expand its portfolio and maintain operational viability in a competitive market. By providing periodic updates and ensuring the MRE is filed and accessible to investors, Silvercorp showcases its dedication to transparency, sustainability, and responsible mining practices.

In addition to the report, additional information regarding Silvercorp can be found on its website, as well as through its profiles on SEDAR Plus and EDGAR, making it easier for stakeholders to stay informed about the company’s developments.

For more inquiries about Silvercorp or its operations, Lon Shaver, the president of the company, has made himself available via phone or email, providing further reassurance of the company’s commitment to open dialogue with investors and the public alike.

As Silvercorp continues to navigate through the complexities of the mining industry, its actions reflect a larger commitment to responsible and sustainable practices. The focus remains on both efficient resource extraction and the growth of shareholder value, paving the way for potential future endeavors while minimizing environmental impact.

In summary, the updated MRE for the Condor Project represents a step forward in Silvercorp’s ongoing mission, embodying the company’s proactive stance in a rapidly evolving mining landscape. Further developments are anticipated as Silvercorp advances its exploration and production efforts, assuring investors of its commitment to long-term growth and profitability.