Silvercorp Metals Inc. Common Shares - SVM STOCK NEWS

Silvercorp Metals Inc. (SVM) has successfully completed two major projects at its Ying Mining District in China: a new Tailings Storage Facility (TSF) No. 3 and a 1,500 tonne per day flotation production line. Both facilities were completed in early December 2024, under budget and are now fully operational.

The first phase of TSF No. 3 was constructed for US$28 million (below the original $38 million budget) and provides 9.92 million cubic metres of storage capacity, supporting operations for 12 years. The second phase will add 9.29 million cubic metres, bringing total capacity to 19.21 million cubic metres.

The new 1,500 tpd flotation production line, completed at a cost of $7.2 million, has exceeded expectations by achieving 1,700 tpd capacity after one month, with a target of 1,800 tpd. This expansion increases Ying's total milling capacity to over 1.3 million tonnes per year, accommodating increased mining capacity and future production from the Kuanping mine.

Altius Minerals has reported significant growth in its Project Generation business and junior equities portfolio, which reached $60.4 million in value by December 31, 2024, up from $45.1 million in 2023. The company monetized certain liquid equities early in 2024, generating $26.4 million in gross proceeds, with $11.3 million invested in Orogen shares.

Key highlights include Altius's 19.6% stake in Orogen Royalties, which generated over $5 million in royalty revenue from its Ermitano gold mine. Notable developments include progress at AngloGold Ashanti's Expanded Silicon project and Silvercorp's acquisition of Adventus Mining, with production at El Domo copper-gold project targeted for late 2026. The company maintains various equity positions and royalty interests across multiple exploration projects, including Golden Baie, Golden Rose, and Taylor Brook.

Silvercorp Metals (TSX/NYSE: SVM) has reported significant progress on its El Domo Project development, targeting production start in the second half of 2026. Following the acquisition of Adventus Mining in July 2024, the company has streamlined operations, maintained community engagement, and advanced detailed engineering work.

Key developments include optimizing the tailing storage facilities design, selecting a new process plant site, improving open pit mine design, and commencing metallurgical test work. The company has also executed a powerline contract and divided the construction into three bid packages.

Notably, Silvercorp has awarded Bid Package 1 to CRCC 14 Bureau Group CO., , an experienced contractor with over ten years of operations in Ecuador. This package includes construction of temporary camp, tailing storage facilities, and other critical infrastructure. The company plans to award Bid Packages 2 and 3 in Q1 2025.

Silvercorp Metals (TSX/NYSE: SVM) reported significant drill results from its ongoing diamond drilling program at the LMW underground mine in China's Ying Mining District. Key highlights include high-grade intercepts of 34 g/t gold and 4.45% copper over 0.82 metres at vein LM28, and 2,705 g/t silver over 18.02 metres at vein W18W.

The drilling program, which completed 78,980 meters in 678 holes between June 2023 and November 2024, focused on four target areas: expansion of high-grade Ag-Pb and low angle Au-Ag-Cu veins in the West Zone, expansion of low angle Au and Ag-Au-Cu veins in the Au Zone, extension of high-grade LM41E series veins in the East Zone, and infill drilling of Ag-Pb-Zn veins in the Production Zone.

Silvercorp Metals (SVM) has announced plans to develop the Condor gold project in southern Ecuador as a high-grade underground mine, shifting from the previous operator's open-pit concept. The project comprises multiple gold deposits, with Camp and Los Cuyes being the primary resource areas.

The company identified that high-grade gold mineralization occurs mainly in subvertical vein/rhyolitic dyke structures. Notable drill intercepts include: 9.03 g/t gold over 8.05m at Camp, 44.16 g/t gold over 4.5m at Enma, and 8.98 g/t gold over 16.7m at Los Cuyes.

The development plan includes resource re-estimation, preliminary economic assessment, underground tunneling, and targeted drilling programs focusing on high-grade structures.

Silvercorp Metals has successfully closed its private placement offering of US$150 million in 4.75% convertible senior notes due 2029. The offering includes the full exercise of the initial purchasers' option for an additional US$20 million. The company plans to use the proceeds for construction of copper-gold mining projects outside China, exploration and development of other projects, and working capital. The notes are being offered through private placement and are not registered under the U.S. Securities Act.

Silvercorp Metals (TSX/NYSE: SVM) has priced a private placement offering of US$130 million in 4.75% convertible senior notes due 2029, with an option for purchasers to buy an additional US$20 million. The notes will have an initial conversion rate of 216.0761 common shares per $1,000 principal amount, representing a conversion price of US$4.63 per share - a 30% premium over the last reported share price of US$3.56.

The company expects net proceeds of approximately US$124.2 million (or US$143.5 million if the additional option is exercised), which will be used for copper-gold mining projects outside China, exploration and development, and working capital.

Silvercorp Metals (TSX: SVM, NYSE American: SVM) has announced a private placement offering of US$130 million in convertible senior notes due 2029, with an option for purchasers to acquire an additional US$20 million. The notes will be senior unsecured obligations with semi-annual interest payments, maturing December 15, 2029. They will be convertible to cash, common shares, or a combination at the company's discretion. The notes won't be redeemable before December 20, 2027, except for tax law changes. Proceeds will fund construction of copper-gold mining projects outside China, exploration and development, and working capital.

Silvercorp Metals announces two significant developments for the El Domo project in Ecuador. First, the Provincial Court of Bolivar dismissed an appeal against the project's environmental license, affirming Curimining's rights to continue construction. Second, the company repaid the US$13.25 million early deposit previously drawn from Wheaton Precious Metals under their precious metals purchase agreement (PMPA). This repayment ensures the full $175.5 million PMPA contribution remains available for construction, subject to conditions.