Silvercorp Reports Operational Results and Financial Results Release Date for Third Quarter, Fiscal 2024

Core Viewpoint - Silvercorp Metals Inc. reported its operational results for Q3 Fiscal 2024, highlighting increases in gold and zinc production, while noting decreases in silver and lead production compared to the same quarter in the previous fiscal year [1][4]. Q3 Fiscal 2024 Operational Results - Gold production reached 1,342 ounces, a 22% increase from Q3 Fiscal 2023 [1][3]. - Silver equivalent production was approximately 1.8 million ounces [1]. - Zinc production totaled approximately 7.4 million pounds, reflecting a 6% increase from Q3 Fiscal 2023 [1][3]. - Lead production was approximately 16.8 million pounds, showing a 16% decrease compared to Q3 Fiscal 2023 [1][3]. Mining and Milling Data - At the Ying Mining District, 245,606 tonnes of ore were mined, a 19% increase over Q3 Fiscal 2023, with 214,201 tonnes milled [3][6]. - The GC Mine saw 99,667 tonnes of ore mined, up 12% from Q3 Fiscal 2023, and 98,299 tonnes milled, a 10% increase [5][6]. Head Grades and Recovery Rates - Silver head grades were 235 grams per tonne at Ying and 241 grams per tonne at GC [2][6]. - Recovery rates for silver were 94.9% at Ying and 95.0% at GC [2][6]. Production Changes and Reasons - The decrease in silver and lead production was attributed to lower head grades, stockpiling of ores, and specific mining sequences [4][5]. - Gold ores processed had a recovery rate of 91.2% with grades of 1.9 grams per tonne for gold and 74 grams per tonne for silver [4]. Nine Months Ended December 31, 2023 Operational Results - For the nine months ended December 31, 2023, total ore mined was 921,958 tonnes, with significant production of gold, silver, lead, and zinc [6]. - Gold production for this period was 5,352 ounces, while silver production reached 4,614 thousand ounces [6]. Company Overview - Silvercorp is a Canadian mining company focused on producing silver, gold, lead, and zinc, with a strategy aimed at generating free cash flow and pursuing organic growth through exploration and acquisitions [8].