The company reported proven and probable reserves now total 19 million tonnes, marking a 45% jump in proven reserves and a 55% climb in probable reserves compared to 2024 benchmarks. This surge in volume is underpinned by successful drilling campaigns, resource conversion efforts, and the strategic decision to lower cut-off grades to account for higher silver price assumptions.
In section Market Quotes
Silvercorp Metals Shares Surge on Massive Ying District Reserve Growth
Shares of Vancouver-based Silvercorp Metals jumped 8.2% to $11.37 on Friday, capping a year of aggressive growth. The rally followed a new technical report revealing a 50% increase in mineral reserve tonnage across the company’s flagship Ying Mining District in China, signaling a significant expansion of its long-term output potential.
Silvercorp now anticipates extracting approximately 106 million ounces of silver, alongside lead, zinc, and gold, over the next 17 years. Annual ore production is forecast to scale up to 1.6 million tonnes by fiscal year 2029. While current projections place the end of mining operations at the site in 2042, management indicated this timeline remains subject to potential extensions as development continues. Year-to-date, the stock has climbed 36%, with its valuation more than doubling over the past 52 weeks.
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