Silvercorp Metals Files Updated Mineral Resource Estimate for Condor Gold Project

Silvercorp Metals Inc. has filed an updated mineral resource estimate for its Condor gold project located in Ecuador, announced on May 12, 2025. The update includes the Independent Technical Report for the Condor Project, Ecuador, prepared by SRK Consulting (Canada) Inc., with an effective date of February 28, 2025. This development underscores Silvercorp's ongoing efforts to expand its resource base and enhance shareholder value through strategic exploration and development activities. The Condor gold project represents a significant asset in Silvercorp's portfolio, with the updated resource estimate providing a clearer picture of the project's potential for future development and investment decisions.

The involvement of SRK Consulting, a globally recognized firm in mining and natural resource consulting, adds substantial credibility to the findings and suggests a robust foundation for the project's advancement. This update is particularly important for investors and stakeholders as it reflects the company's progress in exploring and quantifying its assets, which is essential for making informed decisions about resource allocation and development timelines. Silvercorp's corporate strategy focuses on generating free cash flow from long-life mines, organic growth through extensive drilling programs, and maintaining responsible mining practices throughout all operations. The updated resource estimate for the Condor gold project directly aligns with these strategic objectives, offering valuable insights into the project's economic viability and potential contribution to the company's long-term growth trajectory.

Beyond the immediate corporate implications, the emphasis on environmental, social, and governance principles throughout the reporting process highlights Silvercorp's commitment to sustainable mining practices, which has become increasingly important to both investors and local communities. The significance of this resource update extends well beyond Silvercorp's corporate interests, as it contributes to the broader understanding and development of Ecuador's mining potential. Ecuador has been emerging as a key player in the global mining industry, with its rich mineral resources attracting significant international attention and investment. Projects like Condor are pivotal in demonstrating the country's capacity to host world-class mining operations, which could have substantial positive implications for local economic development, job creation, and the global supply chain for precious metals.

For all stakeholders, including investors, local communities, and industry observers, the updated resource estimate serves as a testament to Silvercorp's dedication to operational transparency and sustainable growth. It provides a solid foundation for evaluating the company's future prospects and its ability to deliver consistent value in a highly competitive and rapidly evolving industry landscape. As Silvercorp continues to advance the Condor gold project through subsequent development phases, the broader mining community and investment sector will be monitoring progress closely for further technical and economic developments that could significantly influence the project's ultimate trajectory and Silvercorp's competitive position within the global mining market. The comprehensive nature of the technical report, available through regulatory filings, ensures that all interested parties have access to the detailed geological and engineering data necessary for thorough project assessment.