SILVERCORP METALS INC. Schedule 13G shows Helikon Investments Limited and Federico Riggio report shared beneficial ownership of 16,115,414 common shares, representing 7.30% of the class based on 220,908,411 shares outstanding. The holdings are reported as shared voting and dispositive power and are filed jointly.
Positive
None.
Negative
None.
Insights
Passive 7.30% stake reported jointly by an investment manager and its principal.
This Schedule 13G discloses that Helikon Investments Limited (as investment manager) and Federico Riggio hold 16,115,414 shares with shared voting and dispositive power. The percentage is calculated on an aggregate of 220,908,411 shares outstanding.
The filing is a standard beneficial‑ownership disclosure under passive investor reporting; subsequent trading or amendments would change the picture and should be tracked in future filings.
Key Figures
Shares beneficially owned:16,115,414 sharesPercent of class:7.30%Shares outstanding:220,908,411 shares+1 more
4 metrics
Shares beneficially owned16,115,414 sharesshared voting and dispositive power reported
Percent of class7.30%calculated on 220,908,411 shares outstanding
Shares outstanding220,908,411 sharesaggregate used to calculate percent of class
"Item 1. (a) Name of issuer: SILVERCORP METALS INC."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Shared Dispositive Powerfinancial
"6 | Shared Dispositive Power 16,115,414.00"
Beneficially ownedfinancial
"Item 4. (a) Amount beneficially owned: The information required by Item 4(a)"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SILVERCORP METALS INC.
(Name of Issuer)
Common Shares without Par Value
(Title of Class of Securities)
82835P103
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
82835P103
1
Names of Reporting Persons
Helikon Investments Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
16,115,414.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
16,115,414.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
16,115,414.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.30 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
82835P103
1
Names of Reporting Persons
Federico Riggio
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ITALY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
16,115,414.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
16,115,414.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
16,115,414.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.30 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
SILVERCORP METALS INC.
(b)
Address of issuer's principal executive offices:
Suite 1750 - 1066 West Hastings Street, Vancouver, BC Canada V6E 3X1
Item 2.
(a)
Name of person filing:
(i) Helikon Investments Limited a United Kingdom public limited company ("Helikon UK"), with respect to the common shares without par value (the "Common Shares") of Solairs Resources Inc., a Switzerland based and Canadian incorporated company (the "Company"), held by Helikon Long Short Equity Fund Master ICAV (the "Helikon Fund") managed by Helikon UK; and
(ii) Federico Riggio ("Mr. Riggio", and together with Helikon UK, the "Reporting Persons"), with respect to the Common Shares directly held by the Helikon Fund
(b)
Address or principal business office or, if none, residence:
(i) Helikon UK; 17 Waterloo Place, London SW1Y 4AR.
(ii) Mr. Riggio 17 Waterloo Place, London SW1Y 4AR.
(c)
Citizenship:
(i) Helikon UK is a United Kingdom public limited company organized under the laws of the United Kingdom.
(ii)) Mr. Riggio is a citizen of the Italy.
(d)
Title of class of securities:
Common Shares without Par Value
(e)
CUSIP Number(s):
82835P103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Helikon UK is an investment manager, authorized and regulated by the Financial Conduct Authority in the United Kingdom which is comparable to the regulatory scheme applicable to the investment advisers covered by Item 3(e) above.
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 220,908,411 Shares outstanding.
(b)
Percent of class:
7.30%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a).
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Helikon Investments Limited
Signature:
/s/ Paul McLernon
Name/Title:
Paul McLernon - Director
Date:
05/07/2026
Federico Riggio
Signature:
/s/ Federico Riggio
Name/Title:
Federico Riggio
Date:
05/07/2026
Exhibit Information
Exhibit I
JOINT FILING STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
Dated: May 7, 2026
Helikon Investments Limited
By: /s/ Paul McLernon
Paul McLernon | Director
Federico Riggio
By: /s/ Federico Riggio
What stake does Helikon report in SILVERCORP METALS (SVM)?
Helikon reports 16,115,414 shares, a 7.30% stake. The percentage is calculated on 220,908,411 shares outstanding and is reported as shared voting and shared dispositive power by Helikon and Federico Riggio.
Does the Schedule 13G indicate control of SILVERCORP METALS?
No explicit control is claimed; powers are shared. The filing reports 0 sole voting power and 16,115,414 shared voting and dispositive power, indicating joint influence rather than sole control according to the cover rows.
Who filed the Schedule 13G for SVM and where are they organized?
Filed jointly by Helikon Investments Limited and Federico Riggio. Helikon is a United Kingdom public limited company and Mr. Riggio is an Italy citizen; both list 17 Waterloo Place, London as their address.
On what basis is the 7.30% ownership calculated?
The 7.30% figure uses 220,908,411 shares outstanding as the denominator. The filing states the percentage is calculated based upon that aggregate share count provided in Item 4(a).
When was the Schedule 13G signed and who signed it?
The joint statement is dated May 7, 2026. Signatures include Paul McLernon as Director for Helikon Investments Limited and Federico Riggio signing personally, both dated May 7, 2026.
