Silvercorp Metals (SVM) Updates Ying Mining District Report With Strong Reserve Growth and Extended Mine Life Outlook

Silvercorp Metals Inc. (NYSEAMERICAN: SVM ) trades at a forward P/E of 9.81x, securing its place on our list of the most undervalued silver mining stocks to buy now . Meanwhile, analysts see 38.00% upside for the stock.

A major reserve upgrade at its flagship Chinese operation gives Silvercorp a meaningful boost to its long-term production outlook.

On June 12, 2026, Silvercorp Metals Inc. (NYSEAMERICAN:SVM) released an updated technical report for the Ying Mining District in Henan Province, China, with an effective date of December 31, 2025.

The report, prepared independently by AMC Mining Consultants, showed proven and probable mineral reserves of 19 million tons grading 174 g/t silver, containing 106 million ounces of silver, 107 thousand ounces of gold, 472 thousand tons of lead, and 150 thousand tons of zinc. Compared to the June 2024 technical report, total reserve tons increased 50%, with contained silver, gold, lead, and zinc rising 20%, 52%, 16%, and 22%, respectively. Measured and indicated mineral resources also expanded sharply, with tons up 90% and contained silver and gold rising 37% and 62%, respectively.

The updated report reflects both active mine depletion and significant resource conversion, aided by lower cut-off grades applied in response to a higher silver price assumption of $28 per ounce versus $21 per ounce in the prior report.

The Ying Mining District is planned for a 17-year mine life through 2042, with annual ore production projected to rise from approximately 1.2 million tons in fiscal 2026 to over 1.6 million tons by fiscal 2029. At a 5% discount rate, the report projects pre-tax and post-tax NPVs of $1.275 billion and $1.030 billion, respectively. Silver is expected to account for 69.3% of net revenue over the life of mine.

Silvercorp Metals Inc. (NYSEAMERICAN:SVM), based in Canada, is a China-focused silver mining company. It is China's top primary silver producer. It also produces other metals, including gold, lead, and zinc. Silvercorp has exploration and development projects in other countries outside China. The company was founded in 1991.

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