Silvercorp Announces Filing of PEA for Condor Gold Project in Ecuador

Rhea-AI Summary

Silvercorp (TSX: SVM) filed a NI 43-101 Preliminary Economic Assessment titled "Independent Technical Report for the Condor Gold Project" effective November 30, 2025. The report was prepared by SRK Consulting (Canada) Inc. with specialized contributors from Tetra Tech and JJ Metallurgical Services.

The Technical Report is available on the company website, SEDAR+, and EDGAR. Qualified persons from SRK and designated company personnel have reviewed and approved the technical content for the Project.

Positive

• Filed a NI 43-101 Preliminary Economic Assessment for Condor effective Nov 30, 2025
• Technical Report prepared and reviewed by SRK Consulting with specialist contributors from Tetra Tech and JJ Metallurgical Services
• Report published on company website, SEDAR+ and EDGAR for investor access

Negative

• None.

News Market Reaction – SVM

+7.29% 1.9x vol

4 alerts

+7.29% Session close to close

+4.9% Peak Tracked

$2.22B Market Cap

1.9x Rel. Volume

In the Feb 3 session, SVM gained 7.29%, reflecting a notable positive market reaction. Argus tracked a peak move of +4.9% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. Trading volume was above average at 1.9x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +7.3% in the session following this news. A strong positive reaction aligns with Sil...

Analysis

The stock moved +7.3% in the session following this news. A strong positive reaction aligns with Silvercorp’s established growth narrative, which recently included major gold project acquisitions and robust Condor PEA economics released on Dec 22, 2025. The formal NI 43‑101 filing reinforces the technical basis of that study. However, past price weakness following the initial PEA and the capital intensity of multi‑jurisdictional projects mean execution and funding risks could still influence how durable any outsized move becomes.

Historical Context

5 past events · Latest: Jan 27 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 27	Acquisition closing	Positive	+0.6%	Completion of Tulkubash/Kyzyltash acquisition and JV structure in Kyrgyzstan.
Jan 20	Acquisition agreement	Positive	+8.2%	Agreement to acquire 70% interest in Tulkubash/Kyzyltash gold projects.
Jan 15	Operational results	Positive	+1.3%	Q3 Fiscal 2026 operational update with ~51% year‑over‑year revenue growth.
Dec 22	Project economics	Positive	-3.1%	Robust PEA for Condor gold project with strong NPV/IRR metrics and 13‑year LOM.
Nov 12	Management change	Neutral	+4.9%	CFO retirement and appointments of interim CFO and new Corporate Controller.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news has focused on acquisitions and project economics, with most items seeing modest positive single‑digit reactions, but the robust Condor PEA in Dec 2025 coincided with a negative move, showing that strong technical studies have not always translated into immediate price strength.

Recent Company History

Over the past few months, Silvercorp has reported stronger operations, large gold project acquisitions in Kyrgyzstan, and detailed economics for the Condor project. The Jan 2026 acquisition announcements for Tulkubash/Kyzyltash drew positive price reactions, as did Q3 Fiscal 2026 operational results. In contrast, the December 2025 Condor PEA, despite robust economics, saw the stock decline. Today’s filing of the Condor PEA technical report follows that earlier economic disclosure and formalizes it under NI 43‑101.

Key Terms

preliminary economic assessment, national instrument 43-101, ni 43-101, edgar

4 terms

preliminary economic assessment technical

"announces the filing of its Preliminary Economic Assessment for the Condor gold project"

A preliminary economic assessment is an initial analysis that estimates the potential profitability and feasibility of a project or resource, such as a new mineral deposit or development venture. It provides a rough idea of costs, benefits, and risks, helping investors decide whether to pursue more detailed studies. This early evaluation is important because it offers a snapshot of whether the project is worth further investment and development.

national instrument 43-101 regulatory

"prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101"

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

ni 43-101 regulatory

"Standards of Disclosure for Mineral Projects ("NI 43-101") and can be found"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

edgar regulatory

"profile at www.sedarplus.ca and EDGAR at www.sec.gov/edgar."

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Trading Symbol:      TSX/NYSE American: SVM

VANCOUVER, BC, Feb. 2, 2026 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) (the "Company") announces the filing of its Preliminary Economic Assessment for the Condor gold project (the "Project") in Ecuador titled: "Independent Technical Report for the Condor Gold Project, Zamora Chinchipe Province, Ecuador" (the "Technical Report"). The Technical Report is effective November 30, 2025 and was prepared by SRK Consulting (Canada) Inc.

The Technical Report was prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and can be found on the Company's website at www.silvercorpmetals.com and under the Company's profile at www.sedarplus.ca and EDGAR at www.sec.gov/edgar.

Qualified Persons

The qualified persons for the Technical Report are Mr. Mark Wanless, FGSSA, Pr.Sci.Nat, Principal Geologist with SRK Consulting (Canada) Inc., Mr. Benny Zhang, M.Eng., P.Eng., Principal Mining Engineer with SRK Consulting (Canada) Inc., Mr. Sean Kautzman, P.Eng, Principal Mining Engineer with SRK Consulting (Canada) Inc., Dr. Jianhui Huang, Ph.D., P.Eng , Principal Process Engineer with Tetra Tech Canada Inc., Dr. Jinxing Ji, P.Eng., Metallurgist with JJ Metallurgical Services, Mr. Chris Johns, P.Eng, Principal Geotechnical Engineer with Tetra Tech Canada Inc. and Mr. Mark Liskowich, PGeo, associate Principal Environmental Consultant SRK Consulting (Canada) Inc. The specific sections for which each qualified person is responsible will be outlined in the Technical Report. All such qualified persons have reviewed the technical content relevant to the sections of the Technical Report for which they are responsible included in this news release for the deposit at the Project and have approved its dissemination.

This news release has been reviewed and approved by Guoliang Ma, P. Geo., Manager of Exploration and Resource of the Company who is the designated qualified person for the Company.

About Silvercorp

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 is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.

For further information
Silvercorp Metals Inc.
Lon Shaver, President
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/silvercorp-announces-filing-of-pea-for-condor-gold-project-in-ecuador-302676916.html

SOURCE Silvercorp Metals Inc.

FAQ

What did Silvercorp (SVM) file for the Condor gold project on February 3, 2026?

Silvercorp filed a NI 43-101 Preliminary Economic Assessment for Condor, effective Nov 30, 2025. According to the company, the Technical Report was prepared by SRK Consulting with specialist contributors and is available on the company website, SEDAR+ and EDGAR.

Where can investors access the Condor Technical Report filed by Silvercorp (SVM)?

Investors can access the Technical Report on the company's investor website, SEDAR+ and EDGAR. According to the company, the report is posted at www.silvercorpmetals.com, SEDAR+ and www.sec.gov/edgar for review.

Who prepared and reviewed the Condor PEA filed by Silvercorp (SVM)?

The PEA was prepared by SRK Consulting (Canada) Inc. with input from Tetra Tech and JJ Metallurgical Services. According to the company, qualified persons from these firms reviewed and approved the relevant technical sections.

What is the effective date of the Condor Technical Report filed by Silvercorp (SVM)?

The Technical Report is effective November 30, 2025. According to the company, that effective date is cited in the NI 43-101 report supporting the Condor Preliminary Economic Assessment.

Who is the company's qualified person that approved the Condor news release for Silvercorp (SVM)?

Guoliang Ma, P. Geo., Manager of Exploration and Resource, reviewed and approved the news release. According to the company, he is the designated qualified person for Silvercorp for the Project disclosures.