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 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 enhance shareholder value through strategic exploration and development activities while providing stakeholders with critical data for informed decision-making.

The Condor gold project represents a cornerstone asset in Silvercorp's portfolio, with the updated resource estimate offering a comprehensive assessment of the project's mineral potential. The involvement of SRK Consulting, a globally recognized firm in mining and natural resource consulting, adds substantial credibility to the findings and establishes a robust technical foundation for future development planning. This technical validation is particularly important for investors seeking assurance about the project's geological characteristics and economic viability.

Silvercorp's corporate strategy emphasizes generating sustainable free cash flow from long-life mining operations while pursuing organic growth through extensive drilling programs and maintaining responsible mining practices. The updated resource estimate for the Condor gold project directly supports these strategic objectives by providing detailed insights into the project's development potential and its anticipated contribution to the company's long-term growth trajectory. The company's commitment to environmental, social, and governance principles further reinforces its dedication 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, contributing valuable information to the broader understanding of Ecuador's mining potential. Ecuador has been emerging as a significant player in the global mining industry, with its rich mineral resources attracting substantial international investment attention. Projects like Condor serve as critical indicators of the country's capacity to host world-class mining operations, potentially generating positive economic impacts for local communities and contributing to global precious metals supply chains. The technical documentation available through https://www.silvercorpmetals.com provides additional context for understanding the project's regional significance.

For stakeholders and industry observers, the updated resource estimate demonstrates Silvercorp's commitment to operational transparency and strategic growth. It establishes a reliable foundation for evaluating the company's future development prospects and its competitive positioning within the evolving mining sector. As Silvercorp advances the Condor gold project through subsequent development phases, the mining community and investment analysts will monitor progress closely, recognizing that such resource updates often precede important decisions regarding project financing, development timelines, and production planning that could significantly influence Silvercorp's market position and the broader mining landscape in Ecuador.