Silvercorp Metals Inc. Updated Resource Estimate for Condor Project FAQ

What is the updated mineral resource estimate for Silvercorp Metals Inc.’s Condor Project?

The updated estimate includes total indicated underground mineral resources of 3.17 million tonnes containing 0.37 million gold equivalent ounces and inferred resources of 12.1 million tonnes containing 1.50 million gold equivalent ounces at a cutoff grade of 2.2 g/t AuEq.

Why is the updated resource estimate for the Condor Project significant?

It highlights the high-grade underground potential of the project and marks the first step in repositioning Condor as a high-grade underground gold project, with ongoing efforts to expand known mineralization zones.

How does Silvercorp Metals plan to expand the mineralization zones at the Condor Project?

Silvercorp Metals has an ongoing 3,500-metre drill program aimed at expanding the known mineralization zones at the Camp and Los Cuyes deposits.

When is the Preliminary Economic Assessment for the underground operation expected?

The Preliminary Economic Assessment for the underground operation is expected by year-end 2025.

What is the status of the El Domo Project?

The El Domo Project development is on track with a detailed cost breakdown and construction timeline targeting 2026 production.

Where is the Condor Project located?

The Condor Project is located in Ecuador’s Zamora-Chinchipe Province.

Who prepared the updated mineral resource estimate for the Condor Project?

The updated mineral resource estimate was prepared by SRK Consulting (Canada) Inc., in accordance with National Instrument 43-101 standards.

What should investors know about Silvercorp Metals Inc.?

Silvercorp Metals Inc. is a Canadian mining company with a long history of profitability, producing silver, gold, lead, and zinc. For more information, visit their website at www.silvercorpmetals.com/welcome.