Silvercorp Metals Inc. | Company Profile

About the Company

Silvercorp Metals Inc. is engaged in the mining, development and exploration of silver-related mineral properties located in the People’s Republic of China. Since commencing commercial production in 2006, the company has enjoyed industry-leading profitability and returns due to the exceptionally high-grade nature of its Ying deposit and the incredibly efficient and low-cost jurisdiction in which it operates.
In FY2008, Silvercorp produced 4 million ounces of silver at a cash cost per ounce of negative $10.99 – making it the largest producer of silver in China and the lowest cost producer among its global peers.
Over the past 18 months, Silvercorp has ramped up production at its Ying silver mine and consolidated the district in the Henan province by acquiring three nearby mines. At the same time, the company has grown its resource base through continuous exploration of existing projects as well acquiring a new development project in the Guangdong province with an existing NI43-101 resource.
The company is publicly traded on the Toronto Stock Exchange under the symbol “SVM” and is a component of the S&P/TSX Composite and S&P/TSX Global Mining Indexes.

Key Projects

Ying Mining District, Henan Province, Central China

1) Ying Silver-Lead-Zinc Mine (77.5%)
- Acquired in March 2004
- Commercial production began in April 2006
- High-grade veins contain up to 28,000 g/t Ag, 60% Pb and 40% Zn
- Average grades of 1,250 g/t Ag, 21% Pb and 8% Zn
- Produced 3.7 million ounces of silver in FY2008 (ended March 31)
- Only small portion of 50 km2 project block fully explored

2) HPG Silver-Lead-Gold Mine (70%)
- Acquired in January 2007
- Commercial production began in May 2007
- Typical grades are 135 g/t Ag, 6% Pb, 1% Zn and 1 g/t Au
- Produced 71,343 ounces silver and 2.1 million pounds lead in FY2008

3) TLP Silver-Lead Mine (77.5%)
- Acquired in December 2007; commercial production began March 2008
- Produced 79,225 ounces silver and 898,264 pounds lead in Q2 2009
- 2008 NI43-101 report estimates a M&I resource 18.6 million ounces of silver and an inferred resource of 12.4 million ounces of silver

4) LM Silver-lead Mine (70%)
- Acquired in November 2007; commercial production began March 2008
- Produced 92,799 ounces silver and 358,347 pounds lead in Q2 2009
- 2008 NI43-101 report estimates a M&I resource of 3.0 million ounces of silver and an inferred resource of 0.8 million ounces of silver

GC Mine Development District, Guangdong Province, Southern China

GC/SMT Project (95%)
- Acquired in April 2008; under mining permit application
- 2008 NI43-101 report estimates a M&I resource 8.4 million ounces of silver and an inferred resource of 32.0 million ounces of silver

Na Bao Exploration District, Qinghai Province, Eastern China

Na Bao Project (82%)
- Acquired in January 2008 as a grassroots exploration project
- Discovered through 1:200,000 and 1:50,000 scale stream sedimentary geochemical surveys which revealed significant silver-lead anomalies

Interest in New Pacific Metals Corp. (23.8%)

New Pacific Metals
- Listed on the TSX-V under the ticker symbol “NUX”; focused on gold-polymetallic projects in China in the Guangdong and Sichuan provinces

For more detailed information about the projects, please visit the website of Silvercorp!

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