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, marking a significant milestone in the company's resource development strategy. The announcement 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 comprehensive update provides stakeholders with enhanced clarity regarding the project's mineral potential and development prospects, serving as a critical foundation for future investment and operational decisions.

The involvement of SRK Consulting, a globally recognized firm in mining and natural resource consulting, lends substantial credibility to the technical findings and resource assessment. This independent verification is essential for maintaining investor confidence and ensuring that resource estimates meet international standards. The updated resource estimate aligns with Silvercorp's broader corporate strategy focused on generating free cash flow from long-life mines while pursuing organic growth through extensive drilling programs and exploration activities. This approach has positioned the company to capitalize on the Condor project's potential while maintaining financial discipline.

Beyond the immediate implications for Silvercorp, the updated resource estimate contributes significantly to understanding Ecuador's emerging mining potential. The country has been gaining recognition as an important player in the global mining industry, with its rich mineral resources attracting increasing international investment. Projects like Condor demonstrate Ecuador's capacity to host world-class mining operations, which could have substantial positive implications for local economic development and the global supply chain for precious metals. The technical documentation available through the company's filings provides detailed insights into the geological characteristics and economic potential of the deposit.

Silvercorp's emphasis on environmental, social, and governance principles throughout the development process reflects the company's commitment to responsible mining practices. This focus has become increasingly important to investors, local communities, and regulatory bodies, particularly in emerging mining jurisdictions like Ecuador. The updated resource estimate serves as a testament to Silvercorp's dedication to transparency and sustainable development, providing stakeholders with reliable data to assess the company's growth trajectory and long-term value proposition. As the project advances, continued monitoring and reporting will be essential for maintaining stakeholder confidence and ensuring alignment with international best practices in mineral resource management.