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 step in the company's resource expansion efforts. The announcement 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 provides investors and stakeholders with critical data for evaluating the project's potential and Silvercorp's growth trajectory.

The updated resource estimate offers a clearer assessment of the Condor gold project's mineral wealth, which represents a key asset in Silvercorp's portfolio. The involvement of SRK Consulting, a globally recognized mining consultancy, lends substantial credibility to the findings and establishes a solid foundation for future development decisions. This technical validation is particularly important given the project's location in Ecuador, a country that has been gaining attention for its rich mineral resources and emerging mining potential.

Silvercorp's corporate strategy emphasizes generating free cash flow from long-life mines while pursuing organic growth through extensive drilling programs. The updated Condor resource estimate directly supports these objectives by providing detailed insights into the project's economic viability and potential contribution to the company's production pipeline. The timing of this update coincides with growing investor interest in precious metals projects that demonstrate both technical merit and responsible development practices.

The significance of this resource update extends beyond Silvercorp's corporate interests to broader implications for Ecuador's mining sector. Projects like Condor play a crucial role in demonstrating the country's capacity to host world-class mining operations, potentially attracting additional investment and contributing to economic development. The project's advancement also comes at a time when global gold supply concerns are increasing, making new resource discoveries increasingly valuable to the broader market.

For stakeholders, the updated resource estimate represents Silvercorp's commitment to transparency and disciplined growth. It provides a concrete basis for assessing the company's future prospects and its ability to create value in a competitive mining landscape. The comprehensive nature of the technical report allows for more accurate valuation models and risk assessment, which are essential for informed investment decisions in the mining sector.

The Condor project's development aligns with Silvercorp's emphasis on environmental, social, and governance principles, reflecting the mining industry's evolving standards for sustainable operations. This approach is becoming increasingly important to investors who prioritize responsible resource development alongside financial returns. As Silvercorp continues to advance the Condor gold project, the updated resource estimate serves as a critical milestone that will guide future exploration and development decisions while providing stakeholders with clear indicators of the project's potential value.