NYSE American:SVM $2.96 +0.16 TSX:SVM $3.96 +0.20

Operations

Reserves & Resources

Summary of Silver Resources1,2

(See table 1.1 for further details)

Project Resource Category Tonnes
(Million)
Average Grades Contained Metal Resources
(Inclusive of Reserves)
      Ag (g/t) Au (g/t) Pb (%) Zn (%) Ag (Moz) Ag Eq.(Moz) Pb (t) Zn (t)
Ying Mining District Measured 8.78 262 0.21 3.98 1.25 73.94 3.90 349,400 109,340
Indicated 9.95 225 0.32 3.09 0.84 72.06 6.59 307,390 83,990
Inferred 13.05 201 0.41 3.15 0.77 84.46 10.49 411,770 100,920
GC Project Measured 5.29 88   1.30 3.10 14.91   69,853 163,293
Indicated 4.75 75   1.10 2.50 11.46   50,349 117,480
Inferred 8.44 87   1.00 2.40 23.56   88,451 200,488
Consolidated Measured 14.07         88.85 3.90 419,253 272,633
Indicated 14.70         83.52 6.59 357,739 201,470
Inferred 21.49         108.02 10.49 500,221 301,408
  1. Mineral Resources Estimate for Ying Mining District effective December 31, 2021; Mineral Resources Estimate for GC Mine effective December 31, 2020.
  2. Gold was converted to Silver equivalent at a rate of 65:1.

Summary of Silver Reserves1,2

(See table 1.2 for further details)

Project Reserve Category Tonnes
(Million)
Average Grades Contained Metal Reserves
      Ag (g/t) Au (g/t) Pb (%) Zn (%) Ag (Moz) Ag Eq.(Moz) Pb (t) Zn (t)
Ying Mining District Proven 5.78 255 0.18 3.75 1.22 47.32 2.20 216,600 70,300
Probable 6.54 230 0.34 3.02 0.87 48.32 4.61 197,500 57,200
GC Project Proven 2.59 93   1.50 3.30 7.74   38,102 85,729
Probable 1.54 95   1.50 3.00 4.74   23,133 46,720
Consolidated Proven 8.37         55.06 2.20 254,702 156,029
Probable 8.08         53.06 4.61 220,633 103,920
Total 16.45         108.12 6.81 475,335 259,949
  1. Mineral Reserves Estimate for Ying Mining District effective December 31, 2021; Mineral Reserves Estimate for GC Mine effective December 31, 2020.
  2. Gold was converted to Silver equivalent at a rate of 65:1.

Last updated September 22, 2022

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