NYSE American:SVM $4.38 -0.02 TSX:SVM $5.44 +0.01

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 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 13.70         81.64 2.16 430,052 291,893
Indicated 16.46         94.14 4.22 422,449 246,180
Inferred 27.02         131.04 13.73 653,751 352,288
  1. Technical Report for Ying Mining District effective July 31, 2020; Technical Report for GC Mine effective March 31, 2021; 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).
  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 2.59 93   1.50 3.30 7.74   30,102 85,729
Probable 1.54 95   1.50 3.00 4.74   23,133 46,720
Consolidated Proven 7.88         54.73 1.04 267,002 169,729
Probable 8.24         56.76 2.21 250,633 131,220
Total 16.12         111.49 3.25 517,635 300,949
  1. Technical Report for Ying Mining District effective July 31, 2020; Technical Report for GC Mine effective March 31, 2021; 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. 21, 2021

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