Silvercorp Reports Operational Results and Financial Results Release Date for the Second Quarter, Fiscal 2026

Trading Symbols: TSX/NYSE AMERICAN: SVM

VANCOUVER, British Columbia – October 15, 2025 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) reports production and sales figures for the second quarter ended September 30, 2025 (“Q2 Fiscal 2026”). Silvercorp expects to release its Q2 Fiscal 2026 unaudited interim financial results on Thursday, November 6, 2025, after market close.

Q2 Fiscal 2026 Operational Highlights  

• Revenue of approximately $83.3 million, an increase of 23% over the same quarter last year (“Q2 Fiscal 2025”);
• Silver production of 1.7 million ounces, an increase of 0.2% over Q2 Fiscal 2025; silver equivalent (only silver and gold)ⁱ production of 1.84 million ounces, an increase of 5% compared to 1.75 million ounces in Q2 Fiscal 2025;
• Lead production of 14.2 million pounds, an increase of 8% over Q2 Fiscal 2025;
• Zinc production of 5.6 million pounds, a decrease of 3% over Q2 Fiscal 2025;
• Active exploration continued at the Ying Mining District and the GC Mine with a total of 77,507 metres ("m") of drilling and 14,437 m of exploration tunneling completed;
• Kuanping mine construction continued, with 831 m of ramp development and 613 m of exploration tunneling completed;
• El Domo mine construction continued to advance with approximately 1.29 million cubic metres of material removed, up 249% compared to last quarter; and
• Underground mining preliminary economic assessment study for the Condor Project initiated; completion expected in Q3 Fiscal 2026.

Q2 Fiscal 2026 Operational  Details

The Ying Mining District processed 265,002 tonnes of ore, up 26% over Q2 Fiscal 2025. Approximately 1,529 thousand ounces ("Koz") of silver, 2,085 ounces (“oz”) of gold, or 1,708 Koz of silver equivalent, plus 12,928 thousand pounds ("Klb") of lead, and 1,423 Klb of zinc were produced, representing production increases of 1%, 76%, 6%, and 8%, respectively, in silver, gold, silver equivalent and lead, and a decrease of 21% in zinc over Q2 Fiscal 2025. Production at the Ying Mining District during the quarter was affected by the temporary closure of certain mining areas (refer to Silvercorp's August 7, 2025 news release). These areas have since reopened, and production has returned to normal levels. A total of 64,330 m of drilling and 12,638 m of exploration tunneling were completed in Q2 Fiscal 2026.

The GC Mine processed 76,249 tonnes of ore, down 12% over Q2 Fiscal 2025. Approximately 130 Koz of silver, 1,306 Klb of lead, and 4,221 Klb of zinc were produced, representing a decrease of 5% in silver and increases of 6% and 5% in lead and zinc over Q2 Fiscal 2025. A total of 13,176 m of drilling and 1,799 m of exploration tunneling were completed in Q2 Fiscal 2026. The production at the GC Mine in Q2 Fiscal 2026 was interrupted by severe rainy and typhoon weather conditions for around 10 days.

The El Domo mine construction advanced significantly in Q2 Fiscal 2026. Approximately 1.29 million cubic metres of material were removed, representing a 249% increase over the last quarter. The 481-bed construction camp has been substantially completed and is scheduled to be fully operational in October 2025. Surface clearing for the tailings storage facility (TSF) began in September 2025, with 15,700 cubic meters of topsoil excavated to prepare the starter dam foundation. Four sections of the external power line construction contracts have been awarded and the final section remains under engineering design. In addition, equipment orders totaling approximately $22.2 million have been placed.

Consolidated Operational Results for the Three Months Ended September 30, 2025 and 2024

Consolidated Operational Results for the Six Months Ended September 30, 2025 and 2024