Project UpdateJun 24, 2026, 06:01 AM
Silvercorp Reports Updated Mineral Reserves & Resources at GC Mine
AI Summary
Silvercorp Metals Inc. reported an updated Technical Report for its Gaocheng Mine, effective December 31, 2025. The report indicates a 59% increase in Measured and Indicated Mineral Resources tonnes and a 25% increase in Proven and Probable Mineral Reserves tonnes compared to the 2024 report. While contained metal in M&I Resources saw increases, P&P Reserves experienced slight decreases in contained metal for Ag, Pb, and Zn. The updated plan projects an increase in annual production and a post-tax NPV5 of $101.4 million, with potential for mine life extension.
Key Highlights
- Measured and Indicated Mineral Resources increased by 59% to 18.3 Mt.
- Contained metal in M&I Resources increased by 23% for Ag, 24% for Pb, and 25% for Zn.
- Proven and Probable Mineral Reserves tonnes increased by 25% to 6.2 Mt.
- Contained metal in P&P Reserves decreased by 4% for Ag, 7% for Pb, and 2% for Zn.
- Inferred Resources decreased by 23% to 7.36 Mt.
- Projected post-tax NPV5 is $101.4 M at an 8% discount rate.
- Annual production planned to increase from 345 ktpa to 370 ktpa by FY2029.
- Life of Mine (LOM) plan extends to FY2043, with potential for extension beyond 2044.
Price Impact
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