Silvercorp Reports Mineral Reserve Increase in Ying Mining District

Silvercorp Metals Inc. has announced a significant update regarding its Ying Mining District, with a reported 50% increase in mineral reserve tonnes and a 20% increase in silver ounces. This update is based on the "Ying 2026 Technical Report," which indicates projected mining of approximately 106 million ounces of silver over a 17-year mine life ending in 2042. The report highlights an increase in Measured and Indicated Mineral Resources by 90% and in contained metals by 37% for silver. Mineral Reserves have seen a 45% increase in Proven tonnes and a 55% increase in Probable tonnes, with a 20% rise in contained silver. The company also noted changes in cut-off grades due to a higher silver price assumption and provided detailed breakdowns of mineral resources and reserves by mine. Economic analysis projects a pre-tax NPV of $1,275M and a post-tax NPV of $1,030M, with silver contributing the largest share of net revenue. The company emphasizes the potential for extending the mine life beyond 2042 through further exploration.