Silvercorp Metals Inc. - Preliminary Economic Assessment for Condor Gold Project

Silvercorp Metals Inc. has released a Preliminary Economic Assessment (PEA) for its Condor gold project in Ecuador. The PEA, based on a Mineral Resource Estimate conforming to NI 43-101 standards, outlines a 13-year mine life with projected production of approximately 1,375 koz of gold, 5,266 koz of silver, 95,656 klbs of zinc, and 8,448 klbs of lead. Key financial highlights include an after-tax Net Present Value (NPV) of $522 million and an Internal Rate of Return (IRR) of 29% at base case metal prices. Initial capital costs are estimated at $292 million, with a post-tax payback period of 3 years. The project anticipates an average Life of Mine (LOM) all-in sustaining cost of $1,258/oz net of by-product credits. The PEA is preliminary and includes inferred mineral resources, meaning there is no certainty that these projections will be realized. The company is proceeding with environmental permitting and plans for underground development, contingent on permit approval.