Silvercorp Metals Announces Filing of Updated Technical Reports for Ying Mining District

VANCOUVER (British Columbia), September 13, 2024 /CNW/ – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX: SVM) (NYSE American: SVM) announces that, further to its press release dated August 19, 2024 (the “Press Release”), it has filed an updated technical report for its Ying Mining District entitled “Update to the NI 43-101 Technical Report on the Ying Ag-Pb-Zn Property in Henan Province, The People’s Republic of China” (the “Technical Report”). The Technical Report is valid July 16, 2024 and was prepared independently by AMC Mining Consultants (Canada) Ltd. in accordance with National Instrument 43-101 Disclosure standards for mining projects (“NI 43-101”) and can be viewed on the Company’s website at www.silvercorpmetals.com and under the Company’s profile at www.sedarplus.ca.

There is no material difference between the information contained in the technical report and that contained in the press release.

About Silvercorp

Silvercorp is a Canadian silver, gold, lead and zinc mining company with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by: 1) focusing on generating free cash flow from long-life mines; 2) growing organically through aggressive discovery drilling; 3) pursuing ongoing M&A efforts to unlock value; and 4) a long-term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.

For more information:

Silvercorp Metals Inc.
Lon Shaver
President
Phone: (604) 669-9397
Toll Free Number 1(888) 224-1881
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.silvercorpmetals.com

DISCLAIMER – FORWARD-LOOKING STATEMENTS

Some of the statements and information contained in this press release constitute “Before‐research statements“ within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “Before‐information search“ within the meaning of applicable Canadian provincial securities laws (collectively, “Before‐research 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.‐ forward-looking statements.‐Forward-looking statements relate to, among other things: the price of silver and other metals; foreign exchange rates; the accuracy of estimates of mineral resources and mineral reserves at the Company’s significant properties; the estimated mine life and any anticipated changes thereto; the sufficiency of the Company’s capital to fund the Company’s operations; estimates of revenues, operating costs, capital expenditures, mine plan and estimated production at the Company’s mines in the Ying Mining District and the Gaocheng Mine; the timing of receipt of permits and regulatory approvals; the availability of funds from production to fund the Company’s operations; and access to and availability of financing for future construction, use of proceeds of any financing and development of the Company’s properties.

Before‐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 materially from those reflected in the forward-looking statements.‐forward-looking statements, including, without limitation, risks relating to: fluctuation in commodity prices; calculation of resources, reserves and mineralization and recovery of precious and base metals; interpretations and assumptions of mineral resource and mineral reserve estimates; exploration and development programs; feasibility and engineering reports; all permits, licenses and regulatory approvals required for our operations are received in a timely manner; title to property; land interests; joint venture partners; acquisition of commercially mineable mineral rights; financing; recent market events and conditions; economic factors affecting the Company; the timing, estimated amount, capital and operating expenditures and economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition; political operations and conditions; the regulatory environment in which China And Canada; our ability to comply with environmental, health and safety laws; environmental risks; currency fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; reliance on management; the global economic and social impact of COVID‐19; 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 activities.‘s forward‐forward-looking statements.‐ Forward-looking statements are statements about the future and are inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking statements.‐forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those mentioned in the Company’s‘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 forecasts.‐forward-looking statements.

The company‘s forward‐Forward-looking statements are based on management’s assumptions, beliefs, expectations and opinions as of the date of this press release and, except as required by applicable securities laws, the Company assumes no obligation to update any forward-looking statements.‐research statements if the circumstances or direction‘Investors’ assumptions, beliefs, expectations or opinions could change, or changes in any other event could affect these statements. For the reasons set out above, investors should not place undue reliance on forecasts.‐forward-looking statements.

WARNING TO U.S. INVESTORS

The technical and scientific information contained in the technical report has been prepared in accordance with NI 43‐101 and the Canadian Institute of Mining, Metallurgy and Petroleum classification system, which differs significantly from the standards adopted by the United States Securities and Exchange Commission (the “SEC”). Accordingly, the technical and scientific information contained in the Technical Report, including estimates of mineral reserves and resources, may not be comparable to similar information disclosed by U.S. companies subject to the SEC’s disclosure requirements. In particular, and without limiting the generality of the foregoing, the Technical Report uses the terms “measured resources,” “indicated resources” and “inferred resources” as defined in NI 43-101 and the CIM Standards. Mineralization described using these terms involves greater uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. investors are cautioned not to assume that any measured mineral resources, indicated mineral resources or inferred mineral resources reported by the Company are or will be economically or legally mineable. In addition, “inferred mineral resources” involve greater uncertainty as to their existence and as to their legal or economic mineability. Under Canadian securities laws, estimates of “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies, except in rare circumstances. While the above terms in the U.S. rules are “substantially similar” to the standards in NI 43-101 and the CIM standards, there are differences in the definitions in the U.S. rules and the CIM standards. Accordingly, there can be no assurance that the mineral reserves or mineral resources that the Company may report as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same if the Company had prepared the reserve or resource estimates in accordance with the standards adopted under the U.S. rules.

Additional information regarding the Company, including Silvercorp’s Annual Information Form, may be obtained under the Company’s profile on SEDAR+ at www.sedarplus.ca on EDGAR at www.sec.gov and on the Company’s website at www.silvercorpmetals.com