Business UpdateJun 15, 2026, 06:06 AM
Silvercorp Reports 50% Mineral Reserve Tonnes Increase at Ying Mining District
AI Summary
Silvercorp Metals Inc. announced a significant increase in Mineral Reserves for its Ying Mining District, with a 50% rise in tonnes and a 20% increase in silver ounces, according to an updated Technical Report. The report details a 90% increase in Measured and Indicated Mineral Resources to 42.18 million tonnes and a 45% increase in Proven and Probable Mineral Reserves to 19 million tonnes. The projected mine life is 17 years, with potential for extension, and the updated estimates yield projected pre-tax and post-tax NPVs of $1,275M and $1,030M, respectively.
Key Highlights
- Silvercorp's Ying Mining District reports a 50% increase in Mineral Reserve tonnes and a 20% increase in silver ounces.
- Measured and Indicated Mineral Resources increased by 90% to 42.18 million tonnes, grading 146 g/t Ag.
- Proven and Probable Mineral Reserves increased by 45% to 19 million tonnes, grading 174 g/t Ag.
- The updated Technical Report projects a 17-year mine life for the Ying Property, with potential to extend beyond 2042.
- Projected pre-tax and post-tax NPVs are $1,275M and $1,030M, respectively, based on updated reserve estimates.
- Annual ore production is projected to rise from 1.2 Mt in FY2026 to over 1.6 Mt from FY2029 to FY2031.
Price Impact
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