Silvercorp Metals Files Updated Mineral Resource Estimate for Condor Gold Project in Ecuador

Silvercorp Metals Inc. has filed an updated mineral resource estimate for its Condor gold project located in Ecuador, representing a significant development in the company's resource expansion strategy. This 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. The involvement of SRK Consulting, a globally recognized firm in mining and natural resource consulting, adds substantial credibility to the findings and establishes a robust foundation for future project development.

The Condor gold project serves as a cornerstone asset in Silvercorp's portfolio, with this updated resource estimate providing critical insights into the project's economic potential and viability. This development aligns perfectly with Silvercorp's strategic focus on generating free cash flow from long-life mines and pursuing organic growth through extensive drilling programs. The updated estimate enables more accurate assessment of the project's contribution to the company's overall growth trajectory and provides essential data for stakeholders evaluating Silvercorp's future prospects in the competitive mining sector.

Beyond the immediate implications for Silvercorp, this resource update carries broader significance for Ecuador's emerging mining industry. The Condor project demonstrates Ecuador's capacity to host world-class mining operations, potentially attracting further international investment and contributing positively to the local economy. As Ecuador continues to establish itself as a key player in the global mining landscape, projects like Condor play a pivotal role in showcasing the country's rich mineral resources and mining potential. The project's advancement could have meaningful implications for the global supply chain of precious metals, particularly given the increasing demand for gold in various industrial and investment applications.

Silvercorp's emphasis on environmental, social, and governance principles throughout the development process highlights the company's commitment to responsible mining practices. This approach reflects growing industry recognition that sustainable operations are essential for long-term success and community acceptance. The updated resource estimate serves as a testament to Silvercorp's dedication to transparency and strategic growth, providing investors with reliable data to make informed decisions about the company's future direction and potential value creation in an evolving market environment.