Silvercorp Metals (SVM) Investor presentation summary

Strategic growth and diversification

• Operates profitable silver, lead, and zinc mines in China, generating over $600M in profits and returning $235M to shareholders.

• Expanding with new projects: El Domo copper-gold mine in Ecuador, Kuanping silver mine in China, and gold projects in Kyrgyzstan.

• Holds indirect interests in major silver and gold projects in Bolivia and Ecuador through equity stakes.

Operational performance and financials

• Annual production in China averages ~7.5 Moz AgEq and ~90 Mlb Pb+Zn, with AISC around $14/oz Ag.

• Projected significant revenue growth from copper and gold, with total revenues expected to rise from $755M in FY2027 to $2.2B by FY2032.

• Maintains strong free cash flow and high EBITDA margins (65%), outperforming peers in profitability and return on equity.

Project pipeline and development

• El Domo copper-gold project in Ecuador under construction, targeting commissioning by July 2027, with an 11.5-year mine life and robust economics (NPV8% $571M, IRR 46%).

• Condor gold project in Ecuador advancing toward permitting and underground development, with a 13-year mine life and $522M NPV5%.

• Kyrgyzstan gold projects (Tulkubash and Kyzyltash) acquired and in phased development, aiming for over 300 koz annual gold production combined.