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 milestone in the company's resource expansion strategy. The announcement made on May 12, 2025, 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 development underscores Silvercorp's ongoing efforts to expand its resource base and enhance shareholder value through strategic exploration and development activities.

The Condor gold project represents a crucial asset in Silvercorp's portfolio, with the updated resource estimate providing a clearer assessment of the project's economic potential. The involvement of SRK Consulting, a globally recognized firm in mining and natural resource consulting, adds substantial credibility to the findings and suggests a robust technical foundation for future development decisions. This update serves as critical information for investors and stakeholders as it reflects measurable progress in exploring and quantifying the company's assets, which is essential for informed investment and strategic planning.

Silvercorp's corporate strategy emphasizes generating free cash flow from long-life mines, pursuing organic growth through extensive drilling programs, and maintaining responsible mining practices. The updated resource estimate for the Condor gold project directly aligns with these strategic objectives, offering valuable insights into the project's technical viability and potential contribution to the company's long-term growth trajectory. The company's emphasis on environmental, social, and governance principles further demonstrates Silvercorp's commitment to sustainable mining practices, which has become increasingly important to both investors and local communities.

The significance of this resource update extends well beyond Silvercorp's corporate interests, as it contributes to the broader understanding of Ecuador's emerging mining potential. Ecuador has been gaining recognition as a significant player in the global mining industry, with its substantial mineral resources attracting international investment attention. Projects like Condor are pivotal in demonstrating the country's capacity to host world-class mining operations, which could have positive economic implications for local communities and contribute to global precious metal supplies. The technical documentation available through https://www.silvercorpmetals.com provides additional context for understanding the project's scope and potential impact.

For stakeholders, the updated resource estimate represents a testament to Silvercorp's dedication to operational transparency and strategic growth. It establishes a reliable foundation for evaluating the company's future prospects and its ability to deliver sustainable value in a competitive and rapidly evolving mining sector. As Silvercorp continues to advance the Condor gold project through subsequent development phases, the broader mining community and investment analysts will monitor progress closely, as further technical and economic assessments could significantly influence the project's development timeline and Silvercorp's competitive positioning within the precious metals market.