#Canada #Vancouver #Silvercorp Metals #Mineral Reserves #Ying Mining District

Overview

Silvercorp Metals Inc. has recently disclosed an impressive 50% increase in Mineral Reserves and a 20% rise in silver ounces at the Ying Mining District, marking a significant milestone for the company.

On June 12, 2026, the company released its updated technical report, known as the "Ying 2026 Technical Report," an essential document that presents the findings from an independent evaluation conducted by AMC Mining Consultants (Canada) Ltd. This report focuses on the Ying Ag-Pb-Zn-Au Property located in Henan Province, China, and reflects the mineral reserve and resource estimates as of December 31, 2025.

The updated report encompasses various operational aspects, including seven underground mines and the newly commenced KP underground mine in the Ying Mining District. Together, these sites are projected to yield approximately 106 million ounces of silver, along with lead, zinc, and gold over the anticipated 17-year mine lifespan.

Significant Findings

1. Estimations and Increases:
- The updated report cites that the estimated Measured and Indicated Mineral Resources have grown to 42.18 million tonnes. These reserves are notable for their higher grades across various minerals, including 198 million ounces of silver, 231 thousand ounces of gold, and substantial quantities of lead and zinc.
- Compared to the 2024 Technical Report, the Measured and Indicated Resource tonnes have surged by 90%, while contained metal increases are reported at 37% for silver, 62% for gold, 39% for lead, and 48% for zinc.
- The Proven and Probable Mineral Reserves also exhibited robust growth, reporting about 19 million tonnes grading 174 grams per tonne of silver, signifying a 20% overall increase in contained metals across various minerals including silver, gold, lead, and zinc.

2. Production Projections:
- Looking ahead, annual ore production is projected to rise from approximately 1.2 million tonnes in FY2026 to over 1.6 million tonnes by FY2029, streamlining through to FY2031. A gradual decline is expected from FY2032, concluding in 2042 with potential for extension beyond this point through further exploration of inferred resources.
- The ongoing efforts and the introduction of enhanced mining techniques have led to a 20% increase in production in recent years, positioning the Ying project for sustained growth.

3. Economic Viability:
- The economic analysis based on forecasted metal pricing outlines pre-tax and post-tax NPVs of $1.275 billion and $1.03 billion respectively. Given the robust projections, the company is well-prepared to capitalize on rising commodity prices.
- The overall economic landscape for Silvercorp demonstrates not only resilience but also provides a promising outlook for the future as they explore opportunities to leverage their enhanced mineral reserves for long-term profitability.

Future Outlook

Silvercorp remains committed to refining its operational strategies to maximize efficiency and enhance production. The ongoing exploration and development plans are aimed at extending the life of the mine beyond the existing estimates, focusing particularly on areas where the potential for inferred resources has been identified. With mechanization and enhanced mining methodologies on the horizon, the company anticipates that these investments will solidify its position as a competitive entity in the mining sector.

In conclusion, the recent reporting from Silvercorp Metals not only highlights significant advancements in mineral reserves and production capabilities at the Ying Mining District but also reflects the company's strategic positioning for future growth within the precious metals market. Stakeholders and investors are keenly watching how these developments will unfold as Silvercorp continues to navigate a dynamic industry landscape.