Silvercorp Metals Inc. (NYSE American: SVM) reported mineral reserve increases of 50% in tonnes and 20% in silver ounces for its Ying Mining District in China, according to an updated technical report with an effective date of December 31, 2025.

The updated reserves total 19 million tonnes grading 174 grams per tonne silver, containing 106 million ounces of silver, 107,000 ounces of gold, 472,000 tonnes of lead, 150,000 tonnes of zinc, and 6,700 tonnes of copper. The company projects mining approximately 106 million ounces of silver equivalent metals over a 17-year mine life through 2042.

Measured and indicated mineral resources increased to 42.18 million tonnes containing 198 million ounces of silver, representing a 90% increase in tonnes and 37% increase in contained silver compared to the 2024 technical report. The resource estimates incorporate higher silver prices of $28 per ounce versus $21 per ounce previously, allowing lower cut-off grades.

The reserves reflect replenishment of metals mined between June 2024 and December 2025, during which Silvercorp produced approximately 9.8 million ounces of silver, 12,600 ounces of gold, 38,600 tonnes of lead, and 5,100 tonnes of zinc.

Using long-term metal prices of $28 per ounce for silver, $2,800 per ounce for gold, and a 5% discount rate, the company projects pre-tax and post-tax net present values of $1.275 billion and $1.030 billion, respectively.

The technical report covers seven underground mines and one mine startup in the Ying Mining District located in Henan Province, China. Annual ore production is projected to rise from 1.2 million tonnes in fiscal 2026 to over 1.6 million tonnes by fiscal 2029, with gradual decline thereafter until the projected end of mine life in 2042.

The report was prepared by independent qualified persons from AMC Mining Consultants in accordance with National Instrument 43-101 standards. The company noted significant potential exists to extend mine life beyond 2042 through further exploration and development of identified inferred resources.