Trading Symbols: TSX/NYSE AMERICAN: SVM

VANCOUVER, British Columbia – July 15, 2025 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) reports production and sales figures for the first quarter ended June 30, 2025 (“Q1 Fiscal 2026”). Silvercorp expects to release its Q1 Fiscal 2026 unaudited interim financial results on Thursday, August 7, 2025, after market close.

Q1 Fiscal 2026 Operational Highlights  

• Revenue of approximately $81.3 million, an increase of 13% over the same quarter last year (“Q1 Fiscal 2025”);
• Silver production of 1.8 million ounces ("oz"), an increase of 6% over Q1 Fiscal 2025; silver equivalent (only silver and gold)ⁱ production of approximately 2.0 million ounces, compared to 1.8 million ounces in Q1 Fiscal 2025;
• Lead production of approximately 15.7 million pounds, an increase of 1% over Q1 Fiscal 2025;
• Zinc production of approximately 5.2 million pounds, a decrease of 19% over Q1 Fiscal 2025;
• Active exploration continued at the Ying Mining District and the GC Mine, with a total of 81,425 meters ("m") of drilling and 19,950 m of exploration tunneling completed;
• El Domo mine construction progressed steadily with a total of 370,564 cubic metres of material moved; and
• Kuanping mine construction commenced with a total of 481 m of ramp development and exploration tunneling completed.

Q1 Fiscal 2026 Production Details

The Ying Mining District processed 283,355 tonnes of ore, up 28% over Q1 Fiscal 2025. Approximately 1,689 thousand of ounces (“Koz” ) of silver, 2,050 oz of gold, or 1,885 Koz of silver equivalent, plus 14,601 thousand of pounds (“Klb”) of lead, and 1,845 Klb of zinc were produced, representing production increases of 7%, 79%, 14%, and 4%, respectively, in silver, gold, silver equivalent and lead, and a decrease of 25% in zinc over Q1 Fiscal 2025. A total of 66,505 m of drilling and 17,624 m of exploration tunneling were completed in Q1 Fiscal 2026.

The GC Mine processed 74,869 tonnes of ore, down 13% over Q1 Fiscal 2025. Approximately 138 Koz of silver, 1,134 Klb of lead, and 3,384 Klb of zinc were produced, representing decreases of 5%, 26%, and 15%, respectively, in silver, lead and zinc over Q1 Fiscal 2025. A total of 14,920 m of drilling and 2,326 m of exploration tunneling were completed.

About Silvercorp

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.