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. 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 comprehensive update provides stakeholders with enhanced clarity regarding the project's mineral potential and development prospects.

The involvement of SRK Consulting, a globally recognized firm in mining and natural resource consulting, lends substantial credibility to the technical findings and establishes a robust foundation for future project development decisions. This resource estimate update aligns directly with Silvercorp's strategic focus on generating free cash flow from long-life mines while pursuing organic growth through extensive drilling programs. The timing of this announcement is particularly significant as it comes during a period of increasing global demand for precious metals and growing investor interest in mining projects with strong technical foundations.

Beyond the immediate implications for Silvercorp, the updated resource estimate contributes meaningfully to the broader understanding of Ecuador's mining potential. Ecuador has been emerging as a key player in the global mining industry, with its rich mineral resources attracting substantial international investment and attention. Projects like Condor serve as pivotal demonstrations of the country's capacity to host world-class mining operations, potentially generating positive economic impacts for local communities and contributing to global precious metal supplies. The technical documentation available through https://www.silvercorpmetals.com provides detailed insights into the project's geological characteristics and development timeline.

The emphasis on environmental, social, and governance principles throughout the reporting process underscores Silvercorp's commitment to sustainable mining practices, which has become increasingly important to both investors and local communities. This comprehensive approach to resource development reflects evolving industry standards and stakeholder expectations regarding responsible mineral extraction. For current and potential investors, the updated estimate serves as a critical benchmark for evaluating Silvercorp's growth trajectory and the Condor project's potential contribution to long-term shareholder value creation in a competitive global mining landscape.