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Silvercorp Metals Inc. (SVM)

NYSE American - Nasdaq Real Time Price. Currency in USD
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7.38-0.16 (-2.12%)
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Neutralpattern detected
Previous Close7.54
Open7.52
Bid7.36 x 1100
Ask7.37 x 3200
Day's Range7.26 - 7.43
52 Week Range1.50 - 8.91
Volume677,378
Avg. Volume1,755,240
Market Cap1.287B
Beta (5Y Monthly)1.52
PE Ratio (TTM)34.33
EPS (TTM)0.22
Earnings DateN/A
Forward Dividend & Yield0.03 (0.33%)
Ex-Dividend DateJun 04, 2020
1y Target Est3.52
  • GlobeNewswire

    Silvercorp Reports Operational Results and the Financial Results Release Date for the Second Quarter of Fiscal 2021

    VANCOUVER, British Columbia, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) reports production and sales figures for the second quarter of Fiscal 2021 ended September 30, 2020 (“Q2 Fiscal 2021”). The Company produced approximately 1.7 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 7.1 million pounds of zinc and sold approximately 1.7 million ounces of silver, 2,200 ounces of gold, 18.6 million pounds of lead, and 7.4 million pounds of zinc in Q2 Fiscal 2021. For the first six months of Fiscal 2021, the Company produced approximately 3.5 million ounces of silver, 39.2 million pounds of lead, and 14.7 million pounds of zinc. The Company is on track to produce between 6.2 – 6.5 million ounces of silver, 66.1 – 68.5 million pounds of lead, and 24.5 – 26.7 million pounds of zinc in Fiscal 2021, in line with the annual production guidance previously reported in the Company’s news release dated February 6, 2020. The Company will report its unaudited financial and operating results for Q2 Fiscal 2021, expected to be released on Thursday, November 5, 2020 after market close. Q2 FISCAL 2021 CONSOLIDATED OPERATIONAL HIGHLIGHTS * Ore mined of 267,852 tonnes, a 3% increase over Q2 Fiscal 2020; * Sold approximately 1.7 million ounces of silver, 2,200 ounces of gold, 18.6 million pounds of lead, and 7.4 million pounds of zinc, representing an increase of 98% and 11% in gold and zinc sold, and a decrease of 8% and 3% in silver and lead sold over Q2 Fiscal 2020; and * Produced approximately 1.7 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 7.1 million pounds of zinc, representing an increase of 2% in zinc production, and a decrease of 8%, 6%, and 3% in silver, gold, and lead production over Q2 Fiscal 2020. The operational results for Q2 Fiscal 2021 are summarized as follows:   Three months ended September 30, 2020 Three months ended September 30, 2019    Ying Mining DistrictGCBYPConsolidated Ying Mining DistrictGCConsolidated              Production Data           Ore Mined (tonne) 181,02086,833-267,853 176,08583,172259,257   Ore Milled (tonne)179,08384,850-263,933 179,14786,134265,281               Head Grades            Silver (gram/tonne)28881-  306100     Lead (%)4.41.8-  4.52.0     Zinc (%)0.73.4-  0.83.2                Recovery Rates            Silver (%) 94.482.5-  96.275.9     Lead (%)96.189.2-  95.788.3     Zinc (%)57.987.3-  58.686.1               Sales Data           Silver (in thousands of ounces)1,556184-1,740 1,7111831,894   Gold (in thousands of ounces)1.0-1.22.2 1.1-1.1   Lead (in thousands of pounds)15,5852,966-18,551 16,3892,68019,069   Zinc (in thousands of pounds)1,3846,027-7,411 1,4285,2276,655              Metal production           Silver (in thousands of ounces)1,525182-1,707 1,6512101,860   Gold (in thousands of ounces)1.1 -1.1 1.2 1.2   Lead (in thousands of pounds)16,0803,006-19,085 16,3883,27919,667   Zinc (in thousands of pounds)1,6435,490-7,133 1,8135,1997,011 The operational results for the first six months of Fiscal 2021 are summarized as follows:    Six months ended September 30, 2020 Six months ended September 30, 2019    Ying Mining DistrictGCBYPConsolidated Ying Mining DistrictGCConsolidated              Production Data           Ore Mined (tonne) 355,196167,212-522,408 352,669163,980516,649   Ore Milled (tonne)356,772169,487-526,259 356,828167,996524,824      -        Head Grades  -         Silver (gram/tonne)29087-  31897     Lead (%)4.51.8-  4.51.9     Zinc (%)0.83.4-  0.93.3       -        Recovery Rates  -         Silver (%) 94.682.7-  96.076.4     Lead (%)96.189.5-  95.788.5     Zinc (%)60.987.3-  58.585.9               Sales Data           Silver (in thousands of ounces)3,228384-3,612 3,3733763,749   Gold (in thousands of ounces)2.1-1.23.3 2.1-2.1   Lead (in thousands of pounds)33,3646,072-39,436 31,2255,68636,911   Zinc (in thousands of pounds)3,42110,948-14,369 3,51810,47113,989              Metal production           Silver (in thousands of ounces)3,068391-3,459 3,4154013,816   Gold (in thousands of ounces)2.2--2.2 2.2-2.2   Lead (in thousands of pounds)33,0216,142-39,163 33,3166,24239,558   Zinc (in thousands of pounds)3,56311,103-14,667 3,86010,41514,275 Ying Mining DistrictIn Q2 Fiscal 2021, ore mined at the Ying Mining District was 181,020 tonnes, an increase of 3%, compared to 176,085 in Q2 Fiscal 2020. Ore milled was 179,083 tonnes, with average head grades of 288 grams per tonne (“g/t”) for silver, 4.4% for lead, and 0.7 % for zinc, compared to 179,147 tonnes of ore milled with average head grades of 306 g/t for silver, 4.5% for lead and 0.8% for zinc in Q2 Fiscal 2020. Metals production at the Ying Mining District in Q2 Fiscal 2021 was approximately 1.5 million ounces of silver, 16.1 million pounds of lead, and 1.6 million pounds of zinc, compared to approximately 1.7 million ounces of silver, 16.4 million pounds of lead, and 1.8 million pounds of zinc produced in Q2 Fiscal 2020.For the first six months of Fiscal 2021, metal production at the Ying Mining District was approximately 3.1 million ounces of silver, 33.0 million pounds of lead and 3.6 million pounds of zinc. The Ying Mining District is on track to achieve its annual guidance to produce between 5.6 – 5.8 million ounces of silver, 56.6 – 58.0 million pounds of lead and 7.0 – 8.0 million pounds of zinc in Fiscal 2021.GC Mine In Q2 Fiscal 2021, ore mined at the GC Mine was 86,833 tonnes, an increase of 4% compared to 83,172 in Q2 Fiscal 2020. Ore milled was 84,850 tonnes, with average head grades of 81 g/t for silver, 1.8% for lead, and 3.4 % for zinc, compared to 86,134 tonnes of ore milled with average head grades of 100 g/t for silver, 2.0% for lead and 3.2% for zinc in Q2 Fiscal 2020. Metals production at the GC Mine in Q2 Fiscal 2021 was approximately 182 thousand ounces of silver, 3.0 million pounds of lead, and 5.5 million pounds of zinc, compared to approximately 210 thousand ounces of silver, 3.3 million pounds of lead, and 5.2 million pounds of zinc produced in Q2 Fiscal 2020.For the first six months of Fiscal 2021, metal production at the GC Mine was approximately 391 thousand ounces of silver, 6.1 million pounds of lead and 11.1 million pounds of zinc. The GC Mine is on track to achieve its annual guidance to produce between 600 – 700 thousand ounces of silver, 9.5 – 10.5 million pounds of lead and 17.5 – 18.7 million pounds of zinc in Fiscal 2021.BYP MineIn Q2 Fiscal 2020, the Company sold all remaining gold concentrate inventories that had been produced by the mine before it was placed on care and maintenance.Filing of NI 43-101 Technical Report on Ying Mining DistrictThe Company has filed on SEDAR an independent technical report (the “Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects on the Ying Mining District prepared by AMC Mining Consultants (Canada) Ltd. previously reported in the news release dated August 31, 2020. There are no material differences in the Report from those results in the Company’s news release dated August 31, 2020 and the full Report can be found on SEDAR under the Company’s profile at www.sedar.com and on the Company’s website at www.silvercorp.ca.About Silvercorp Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The Company’s goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees’ wellbeing, and sustainable development. For more information, please visit our website at www.silvercorp.ca.For further informationSilvercorp Metals Inc.         Lon Shaver Vice President Phone: (604) 669-9397 Toll Free 1(888) 224-1881 Email: investor@silvercorp.ca Website: www.silvercorp.caCAUTIONARY DISCLAIMER - FORWARD-LOOKING STATEMENTSCertain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws (collectively, “forward-looking statements”). Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; estimated production from the Company’s mines in the Ying Mining District and the GC Mine; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks relating to: social and economic impacts of COVID-19; fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting; and bringing actions and enforcing judgments under U.S. securities laws.This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements. The Company’s forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

  • GlobeNewswire

    Silvercorp Intersects 2.28 Metres Grading 1,125 g/t Silver, 4.43% Lead, 0.40% Zinc, 0.06 g/t Gold, and 0.23% Copper in the 2020 Exploration Program at the TLP Mine, Ying Mining District, China

    VANCOUVER, British Columbia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. ("Silvercorp” or the “Company”) (TSX/NYSE American: SVM) is pleased to report results of its exploration program at the TLP mine, Ying Mining District, Henan Province, China. Extensive exploration drilling and tunneling are ongoing at the TLP mine, and all other mines at the Ying Mining District.From October 1, 2019 to September 30, 2020, the drilling program at the TLP mine has targeted the down/up dip and along-strike extensions of known mineralized vein structures in the production areas. So far, 26,355 metres (“m”) from a total of 110 diamond drill holes, including 106 underground holes and four surface holes, have been completed. Assay results for 71 holes have been received with 48 holes intercepting mineralization.Most of the underground drills were focused on high-grade drill intercepts from previous drill programs where mining access tunnels were developed but the mineralization was not mined. This drilling program intersected many higher grade silver-lead ore zones, including veins T11, T2E, T33W5 and the newly-discovered T15W3 vein. Most of the higher grade silver-lead zones can be mined using existing access and development tunnels, which is expected to substantially reduce tunnel development costs at the TLP mine going forward. Ten rigs have been drilling at the TLP mine since July 2020 to continue identifying these types of easily accessible zones.Additionally, the Company continues to test for new vein structures in previously less explored areas. The step-out drilling in the northwest part of the TLP mine discovered new veins, including CJ9W, CJW1, CJ11, CJ12, CJ12E, and CJ20.Highlights of selected drill hole intersections: * Hole ZKG08S01_1 intersected two major veins: * A 2.28m interval (2.10m true width) of vein T15W3 grading 1,125 grams per tonne (“g/t”) silver (“Ag”), 4.43% lead (“Pb”), 0.40% zinc (“Zn”), 0.06 g/t gold (“Au”), and 0.23% copper (“Cu”) at 797m elevation, which includes a 0.53 interval (0.49m true width) grading 4,742 g/t Ag, 17.68% Pb, 1.50%Zn, 0.11 g/t Au, and 0.96% Cu; and * A 0.80m interval from 50.60m to 51.40m (0.74m true width) of vein T11 grading 1,334 g/t Ag, 17,99% Pb, 0.56% Zn, and 0.50% Cu at 778m elevation. * Hole ZKG08S01_3 intersected two major veins: * A 2.07m interval from 0.40m to 2.47m (2.02m true width) of vein T15W3 grading 1,027 g/t Ag, 10.25% Pb, 1.20% Zn, and 0.13% Cu at 798m elevation, which includes a 1.04m interval (1.02m true width) grading 2,041 g/t Ag, 20.20% Pb, 2.33% Zn, and 0.25% Cu; and * A 1.10m interval from 66.37m to 67.47m (1.08m true width) of vein T11E2 grading 614 g/t Ag, 1.74% Pb, 0.25% Zn, 0.11 g/t Au, and 0.12% Cu at 776m elevation, which includes a 0.60m interval (0.60m true width) grading 1,114 g/t Ag, 2.86% Pb, 0.42% Zn, 0.05 g/t Au, and 0.20% Cu. * Hole ZKG08S01_6 intersected two major veins: * A 2.05m interval from 0.00m to 2.05m (1.99m true width) of vein T15W3 grading 811 g/t Ag, 7.68% Pb, 0.51% Zn, 0.05 g/t Au, and 0.21% Cu at 797m elevation, which includes a 1.05m interval from 1.00m to 2.05m (1.05m true width) grading 1,564 g/t Ag, 14.24% Pb, 0.85% Zn, 0.05 g/t Au, and 0.39% Cu; and * A 0.94m interval from 94.88m to 95.82m (0.90m true width) of an unnamed vein, grading 691 g/t Ag, 2.60% Pb, 0.56% Zn, 0.09 g/t Au, and 0.11% Cu. * Hole ZKG08S01_2 intersected a 1.77m interval from 0.00m to 1.77m (1.74m true width) of vein T15W3 grading 539 g/t Ag, 2.29% Pb, 0.58% Zn, and 0.20% Cu at 797m elevation, which includes a 0.79m interval from 0.98m to 1.77m (0.78m true width) grading 1,175 g/t Ag, 4.66% Pb, 1.19% Zn, and 0.43% Cu. In addition to drilling, a total of 38,995m of exploration tunnels between 510m and 1,070m elevation have been developed during the period. Exploration tunnelling at the TLP mine (comprising drifting, crosscutting and raising) was driven along and across major mineralized vein structures to upgrade the drill defined mineral resources and test for new parallel and splay structures, and are summarized in the following table:Major Target Veins Target Levels (m) Total Tunneling (m) Channel Samples Collected Drift Included (m) Total Mineralization Exposed by Drift [1] Length (m)Average True Width (m)Ag (g/t)Pb (%)Zn (%) T5E1, T11, T14, T14E, T15W, T15W, T16, T16E, T16W, T17, T17E, T17W, T21, T23 T26, T26E, T31W3, T33E, T35E, T39E510-107038,99516,54423,8468,2390.672403.170.38 [1] Mineralization is defined by silver equivalent value (AgEq) greater than or equal to 130 g/t at the TLP mine. (Formula used for AgEq calculation: TLP = 34.19 * Pb% + Ag g/t)Highlights of selected mineralized zones exposed in the drift tunnels: * Drift Tunnel PD846-T16W-846-12SYM exposed mineralization 105m long and 0.42m wide (true width) grading 972 g/t Ag, 1.25% Pb, and 0.72% Zn within vein structure T16W at 846m elevation; * Drift Tunnel PD890-T5E1a-890-31NYM exposed mineralization 15m long and 0.44m wide (true width) grading 1,784 g/t Ag, 9.55% Pb, and 0.81% Zn within vein structure T31W3 at 890m elevation; * Drift Tunnel PD960-T23-990-1NYM exposed mineralization 25m long and 0.75m wide (true width) grading 1,879 g/t Ag, 1.31% Pb, and 0.12% Zn within vein structure T23 at 990m elevation; * Drift Tunnel PD1050-T26-1050-A4NYM exposed mineralization 25m long and 1.11m wide (true width) grading 716 g/t Ag, 9.05% Pb, and 0.13% Zn within vein structure T26 at 990m elevation; and * Drift Tunnel PD820-T16-600-1SYM exposed mineralization 80m long and 1.04m wide (true width) grading 719 g/t Ag, 5.19% Pb and 0.92% Zn within vein structure T16 at 600m elevation. Table 1: Selected results from the drill programs at the TLP mineHole IDFrom (m)To (m)Elevation (m)Width (m)True Width (m)Ag (g/t)Pb (%)Zn (%)Au (g/t)Cu (%)Vein ZKCJ0801262.49262.847030.350.342336.261.550.250.06CJ12 ZKCJ0801280.29280.706950.410.4083.570.180.050.04CJ12E ZKG0123263.97264.605470.670.587325.130.48<0.0500.02T15W ZKG0123286.28287.085390.810.747629.710.300.140.04T11 ZKG0636391.07391.592290.520.409327.694.380.100.06T11 ZKG08S01_10.002.287972.282.101,1254.430.400.060.23T15W3 [1] including1.011.547970.530.494,74217.681.500.110.96T15W3 ZKG08S01_150.6051.407780.800.741,33417.990.560.070.50T11 ZKG08S01_20.001.777971.771.745392.290.580.050.20T15W3 ZKG08S01_30.402.477982.072.021,02710.251.200.050.13T15W3 ZKG08S01_316.8217.327920.500.482261.070.060.050.03T15W ZKG08S01_357.9058.497790.590.59811.690.120.050.06T11 ZKG08S01_366.3767.477761.101.086141.740.250.110.12T11E2 ZKG08S01_53.094.687961.590.684493.880.380.050.12T15W3 ZKG08S01_570.1276.287786.162.532162.810.100.060.03T11 including74.2076.287792.080.855221.330.180.070.06T11 ZKG08S01_60.002.057972.051.998117.680.510.050.21T15W3 ZKG08S01_614.5316.137901.601.561900.980.060.180.01T15W ZKG08S01_619.5720.497870.920.903171.840.331.680.16T15W5 ZKG08S01_694.8895.827500.940.906912.600.560.090.11Alt [2] ZKG08S01_6130.85131.927311.071.0324.369.830.100.38T12 ZKG08S01_90.001.757981.751.593702.510.380.550.09T15W3 ZKG08S01_921.0621.587950.520.474802.430.170.050.04T15W ZKG08S01_9113.90114.647840.740.703250.290.100.050.02T12 ZKT05S35_1104.29105.518091.220.85725.070.470.070.01T33E1 ZKT05S35_1184.28186.947421.351.08452.170.130.100.30T1W1 ZKT0707_199.53101.308091.761.425481.970.510.160.30T33E1 ZKT07J0450.6453.337902.690.952051.820.160.050.06T2W ZKT07S37_57.007.667610.660.523831.970.040.050.05T1W1 ZKT07S37_68.2710.507601.150.841687.870.450.160.31T1W1 ZKT09Y2077.1278.478371.351.078260.720.420.100.04T33W5 ZKT09Y2095.2196.258231.040.831090.990.060.100.15T33 ZKT11Y0179.4181.508522.090.853381.030.110.110.06T21 ZKT11Y0829.7031.589391.881.731641.180.190.110.02T5 ZKT11Y3082.5882.877440.290.254246.720.620.190.03T33E ZKT23Y09227.89228.386580.490.44388.441.400.010.10T14E ZKT31S1_293.6794.687621.010.4215541.202.150.210.21T2E ZKX11473265.68266.729001.041.011613.080.080.050.03LM8 [1] Veins discovered between October 1, 2019 and September 30, 2020 [2] No vein id assignedTable 2: Selected mineralized zones exposed by drift tunnelling at the TLP mineTunnel IDTarget VeinsLevel (m)Length (m)True Width (m)Ag (g/t)Pb (%)Zn (%) PD960-T1W-990-4NYMT1W99035.000.608372.620.48 PD1050-T5-1050-5NYMT51050107.501.451974.900.15 PD960-T5-990-11NYMT599032.001.101458.030.10 PD930-T5E1-930-31SYMT5E193023.000.706192.290.78 PD840-T5E1-840-29NYMT5E184060.000.523952.450.55 PD840-T5E1-840-29SYMT5E184025.000.774812.800.51 PD820-T11-700-4NYMT11700120.000.783175.090.57 PD820-T11-650-4SYMT1165060.000.643201.700.26 PD820-T11-600-1SYMT1160090.001.252367.700.76 PD820XPD-T11-550-4SYMT1155040.000.655523.370.44 PD820XPD-T14-650-3SYMT1465070.000.87736.690.16 PD890-T14E-890-21SYMT14E890125.000.834443.310.40 PD820XPD-T14E-700-21SYMT14E700285.000.81565.410.34 PD820-T15W-600-1SYMT15W60081.000.791087.010.43 PD820-T15W1-700-4NYMT15W170050.000.422936.260.37 PD846-T16E-846-7NYMT1684635.001.106951.230.37 PD820-T16-700-12SYMT1670045.000.586793.841.03 PD820-T16-600-1SYMT1660080.001.047195.190.92 PD930-T16E-930-1SYMT16E93035.000.875700.861.22 PD846-T16W-846-12SYMT16W846105.000.429721.250.72 PD820-T17W-700-14SYMT16W70041.000.772794.120.37 PD846-T17-846-16NYMT17846125.000.493533.170.47 PD846-T17-846-16SYMT17846117.500.813213.400.83 PD820-T17E-700-12NYMT1770040.000.434564.260.46 PD846-T17E-846-16NYMT17E84655.000.524125.190.46 PD820-T17-650-4SYMT17W65070.000.666081.900.93 PD820-T17W-600-1NYMT17W60015.000.469764.490.37 PD930-T21-930-31SYMT2193082.000.872332.260.18 PD960-T23-990-1NYMT2399025.000.7518791.310.12 PD1050-T26-1050-A4NYMT26105025.001.117169.050.13 PD960-T26-990-A6NYMT2699035.001.253122.970.05 PD890-T5E1a-890-31NYMT31W389015.000.4417849.550.81 PD730-T31W-730-A25NYMT31W373045.000.452098.610.34 PD730-T33E-560-23NYMT33E56090.000.553612.180.59 PD730-T35-665-43NYMT3566565.000.88757.080.51 PD960-T35E-960-5NYMT35E96040.000.407122.640.79 PD800-T39E-800-19SYMT39E80030.000.664402.850.46 PD820XPD-T39E-700-15SYMT39E70029.000.564784.120.68 PD820XPD-T39E2-755-27SYMT39E2755110.000.523405.092.02 Quality Control Drill cores are NQ size. Drill core samples, limited by apparent mineralization contacts or shear/alteration contacts, were split into halves by saw cutting. The half cores are stored in the Company's core shacks for future reference and checks, and the other half core samples are shipped in securely sealed bags to the Chengde Huakan 514 Geology and Minerals Test and Research Institute in Chengde, Hebei Province, China, 226km northeast of Beijing, the Zhengzhou Nonferrous Exploration Institute Lab in Zhengzhou, Henan Province, China, and the Analytical Lab of the Inner Mongolia Geological Exploration Bureau in Hohhot, Inner Mongolia, China. All the three labs are ISO9000 certified analytical labs. For analysis, the sample is dried and crushed to minus 1mm and then split to a 200-300g subsample which is further pulverized to minus 200 mesh. Two subsamples are prepared from the pulverized sample. One is digested with aqua regia for gold analysis with atomic absorption spectroscopy (AAS), and the other is digested with two-acids for analysis of silver, lead, zinc and copper with AAS.Channel samples are collected along sample lines perpendicular to the mineralized vein structure in exploration tunnels. Spacing between sampling lines is typically 5m along strike. Both the mineralized vein and the altered wall rocks are cut by continuous chisel chipping. Sample length ranges from 0.2m to more than 1.0m, depending on the width of the mineralized vein and the mineralization type. Channel samples are prepared and assayed with AAS at Silvercorp’s mine laboratory (Ying Lab) located at the mill complex in Luoning County, Henan Province, China. The Ying lab is officially accredited by the Quality and Technology Monitoring Bureau of Henan Province and is qualified to provide analytical services. The channel samples are dried, crushed and pulverized. A 200g sample of minus 160 mesh is prepared for assay. A duplicate sample of minus 1mm is made and kept in the laboratory archives. Gold is analysed by fire assay with AAS finish, and silver, lead, zinc and copper are assayed by two-acid digestion with AAS finish.A routine quality assurance/quality control (QA/QC) procedure is adopted to monitor the analytical quality at each lab. Certified reference materials (CRMs), pulp duplicates and blanks are inserted into each batch of lab samples. QA/QC data at the lab are attached to the assay certificates for each batch of samples.The Company maintains its own comprehensive QA/QC program to ensure best practices in sample preparation and analysis of the exploration samples. Project geologists regularly insert CRM, field duplicates and blanks to each batch of 30 core samples to monitor the sample preparation and analysis procedures at the labs. The analytical quality of the labs is further evaluated with external checks by sending approximately 3-5% of the pulp samples to higher level labs to check for lab bias.   Data from both the Company's and the labs' QA/QC programs are reviewed on a timely basis by project geologists.Guoliang Ma, P. Geo., Manager of Exploration and Resource of the Company, is the Qualified Person for Silvercorp under NI 43-101 and has reviewed and given consent to the technical information contained in this news release.About Silvercorp Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The Company’s goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees’ wellbeing, and sustainable development. For more information, please visit our website at www.silvercorp.ca.For further informationLon Shaver Vice President Silvercorp Metals Inc.Phone: (604) 669-9397 Toll Free: 1 (888) 224-1881 Email: investor@silvercorp.ca Website: www.silvercorp.caCAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTSCertain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital expenditures; estimated production from the Company’s mines in the Ying Mining District; timing of receipt of permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, social and economic impacts of COVID-19; risks relating to: fluctuating commodity prices; calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licenses; title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; operations and political conditions; regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on management; internal control over financial reporting as per the requirements of the Sarbanes-Oxley Act; and bringing actions and enforcing judgments under U.S. securities laws.This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

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