NYSE American:SVM $5.97 0.00 TSX:SVM $7.77 -0.05

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 8.41 264 0.12 4.28 1.53 71.29 2.16 360,200 128,600
Indicated 11.71 212 0.17 3.18 1.10 79.98 4.22 371,100 128,700
Inferred 18.58 234 0.36 3.04 1.28 109.87 13.73 565,300 151,800
GC Project Measured 3.37 96   1.40 3.30 10.35   48,534 111,584
Indicated 5.69 77   1.00 2.50 14.16   57,153 144,242
Inferred 7.25 91   1.00 2.40 21.17   75,296 177,355
Consolidated Measured 11.78         81.64 216 408,734 240,184
Indicated 17.40         94.14 4.22 429,253 272,942
Inferred 25.83         131.04 13.73 640,596 329,155
  1. Technical Report for Ying Mine effective July 31, 2020; Technical Report for GC Mine effective June 30, 2019; Technical Report for BYP Mine dated April 19, 2019; Table includes HPG mine measured resources of 33,300 oz Gold (880,000 tonnes grading 1.17 g/t Gold), indicated resources of 64,900 oz Gold (1,500,000 tonnes grading 1.35 g/t Gold), inferred resources of 211,200 oz Gold (3,200,000 tonnes grading 2.05 g/t Gold). Table excludes BYP mine resources.
  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 5.29 276 0.09 4.33 1.59 46.99 1.04 228,900 84,000
Probable 6.70 241 0.16 3.39 1.26 52.02 2.21 227,500 84,500
GC Project Proven 1.87 94   1.60 3.50 5.61   29,484 64,410
Probable 1.96 96   1.40 3.00 6.06   27,216 58,513
Consolidated Proven 7.16         52.60 1.04 258,384 148,410
Probable 8.66         58.08 2.21 254,716 143,013
Total 15.82         110.68 3.25 513,100 291,423
  1. Technical Report for Ying Mine effective July 31, 2020; Technical Report for GC Mine effective June 30, 2019; Table includes HPG mine proven reserves of 16,000oz Gold (480,000 tonnes grading 1.05 g/t Gold) and HPG mine probable reserves of 34,000oz Gold (760,000 tonnes grading 1.38 g/t Gold).
  2. Gold was converted to Silver equivalent at a rate of 65:1.

Last updated Oct. 15, 2020

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