Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has released results from an updated NI 43-101 technical report for its Gaocheng silver-lead-zinc mine in Guangdong Province, China, revealing a 59% increase in measured and indicated mineral resource tonnage to 18.3 million tonnes. The updated estimate includes 38.3 million ounces of contained silver, 167,000 tonnes of lead, and 408,000 tonnes of zinc, representing increases of 23%, 24%, and 25%, respectively, compared with the 2024 technical report. This growth highlights the success of ongoing exploration and development efforts at the mine.
The company also reported proven and probable mineral reserves of 6.2 million tonnes containing 12.5 million ounces of silver, 56,000 tonnes of lead, and 138,000 tonnes of zinc, a 25% increase in reserve tonnage from the prior estimate. Based on these reserves, Silvercorp plans to increase annual mine throughput to approximately 370,000 tonnes from 2029 through 2041. The updated life-of-mine plan generates an estimated post-tax net present value (NPV) of $101.4 million at an 8% discount rate, underscoring the project's strong economic fundamentals.
The report concluded that the Gaocheng Mine remains a strongly viable operation with additional potential for resource expansion through future exploration and development. This positive outlook is supported by the significant resource and reserve growth, which positions the mine to contribute to Silvercorp's long-term production and cash flow generation. The full press release is available at https://ibn.fm/Mg5NC.
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with 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 practices. For more information about Silvercorp, visit their newsroom at https://ibn.fm/SVM.
