Silvercorp Announces Filing of the Updated Mineral Resource Estimate for its Condor Project

Rhea-AI Summary

Silvercorp Metals (SVM) has filed an updated mineral resource estimate Technical Report for its Condor gold project in Ecuador, effective February 28, 2025. The report, prepared by SRK Consulting (Canada) Inc., aligns with National Instrument 43-101 Standards and contains no material differences from the company's previous May 12 release. The Technical Report is available on Silvercorp's website, SEDAR+, and SEC EDGAR. Notably, the company clarified that the Condor Project is not currently considered a material property, and this mineral resource estimate was filed voluntarily.

Positive

• Voluntary disclosure demonstrates transparency in reporting
• Technical report prepared by reputable third-party SRK Consulting

Negative

• None.

News Market Reaction

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+0.24% News Effect

On the day this news was published, SVM gained 0.24%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Trading Symbol: TSX/NYSE American: SVM

VANCOUVER, BC, June 12, 2025 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) announces that, further to its news release dated May 12, 2025 (the "Release"), it has filed an updated mineral resource estimate for its Condor gold project (the "Condor Project") titled: "Independent Technical Report for the Condor Project, Ecuador" (the "Technical Report"). The Technical Report is effective February 28, 2025 and was prepared by SRK Consulting (Canada) Inc.

The Technical Report was prepared in accordance with 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.

There are no material differences in the information in the Technical Report and the information contained in the Release. The Condor Project is not considered to be a material property of the Company at this time and the MRE was prepared and filed by the Company on a voluntary basis.

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 

 

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SOURCE Silvercorp Metals Inc.

FAQ

What is the significance of Silvercorp's (SVM) Condor Project Technical Report filing?

The Technical Report provides an updated mineral resource estimate for the Condor gold project in Ecuador, though the project is not currently considered material to the company. The filing was voluntary and contains no material differences from the previous May announcement.

Is the Condor Project a material property for Silvercorp (SVM)?

No, according to the press release, the Condor Project is not considered to be a material property of Silvercorp at this time.

Where can investors find Silvercorp's (SVM) Condor Project Technical Report?

The Technical Report is available on Silvercorp's website (www.silvercorpmetals.com), SEDAR+ (www.sedarplus.ca), and SEC EDGAR (www.sec.gov/edgar).

When is the effective date of Silvercorp's (SVM) Condor Project Technical Report?

The Technical Report is effective February 28, 2025.