Silvercorp Metals Inc.
Silvercorp Metals is China's largest primary silver producer, operating seven underground silver-lead-zinc mines (SGX, HZG, HPG, TLP, LME, LMW, DCG) plus two processing plants across its Ying Mining District in Henan Province, and the newer GC silver-lead-zinc mine in Guangdong Province. The company is also developing the El Domo copper-gold project in Ecuador, with production planned to start in 2026, and holds a substantial cash balance funding continued exploration and district expansion.
Notable vs. Peers
- Jurisdiction risk score of 4/10 is meaningfully riskier than the peer average of 6.9/10.
- All-in sustaining cost of $18.38/oz Ag, by-product is 20% lower than the peer producer average of $23.07/oz Ag, by-product.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · Source
- Reached — date not disclosed
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Jurisdiction (40%)4/10
Henan Province, China carries the same capital-repatriation and regulatory-discretion risk typical of a foreign-listed company controlling Chinese mineral rights, though Silvercorp has operated continuously here since the 2000s with a long permitting/renewal track record.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at Ying Mining District, Henan Province.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Jiama (China Gold International Resources Corp. Ltd.), 1913 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:0/10
Nearest producing mine: Jiama (China Gold International Resources Corp. Ltd.), 1913 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:4/10
China: jurisdiction score 4/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chairman and Chief Executive Officer of Silvercorp Metals Inc., which he founded in 2003. Served as CEO Sep 2003-Oct 2013, transforming Silvercorp from a small Canadian junior exploration company into a successful, low-cost, mid-tier silver producer with multiple mines in China; re-appointed CEO Dec 2014. B.Sc./M.Sc. (Geology, China); Ph.D. (Geological Sciences), University of Saskatchewan (1992); NSERC Post-Doctoral fellowship. Publicly credited with being integral to the 2002 discovery of Jinshan Gold's CSH Gold Mine (Inner Mongolia, later part of China Gold International) prior to founding Silvercorp. Also founder and Chairman/CEO of New Pacific Metals Corp. and Auro Metals Inc.
President of Silvercorp Metals Inc. since 2023, joined the Company in Aug 2018 responsible for investor relations and corporate development; also a director of Precipitate Gold Corp. BComm (Finance major), Concordia University; CFA charterholder. 25+ years of capital-markets and corporate-finance experience, mainly mining-focused: investment banking with Raymond James and Merrill Lynch, beginning in equity research; earlier CFO roles at a publicly listed mining company and a private technology company; consulting/advisory work in the resource sector immediately before Silvercorp. Also a director of Auro Metals, Inc. (since 2026) and Omai Gold Mines Corp. (since 2020).
Interim Chief Financial Officer of Silvercorp Metals Inc., appointed effective immediately upon Derek Liu's retirement (announced Nov 2025). Has been with the Company since 2024, most recently as CFO of the Company's China Operations. Bachelor's degree, Shanghai International Studies University; Master of Management, University of International Business and Economics; CPA (CPA Australia). 15+ years in corporate finance, accounting, financial reporting, treasury planning and internal controls. Career: began as an Auditor with PricewaterhouseCoopers LLP; Head of Finance and CFO, Asurion China, immediately before Silvercorp.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No producer, strategic investor, or actively-managed specialist fund holds a disclosed stake -- only passive silver/gold-sector ETFs. Five different insiders sold stock on the open market over the past year, and not a single insider bought -- a notable negative signal, not a data gap.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Silvercorp Metals is China's largest primary silver producer, operating seven underground silver-lead-zinc mines in the Ying Mining District of Henan Province and the GC silver-lead-zinc mine in Guangdong Province, and it is developing the El Domo copper-gold project in Ecuador, with production planned to start in 2026. Ying's NI 43-101 update (reserves and resources effective 31 December 2025, announced in June 2026) reports measured and indicated resources of 198,000,000 oz of silver (42.18 Mt at 146 g/t, inclusive of reserves) and proven and probable reserves of 106.5 Moz, up 20% year on year. The same report shows a post-tax NPV5% of US$1.03B at long-term prices of US$28/oz silver and US$2,800/oz gold, and a 17-year mine life running to 2042. In the quarter to 30 June 2026, the first of fiscal 2027, revenue rose 70.5% year on year to US$138.7M and Ying produced about 1.4 Moz of silver despite a temporary slowdown for safety-upgrade work at the Chinese operations. All-in sustaining cost in that quarter was US$18.38 per silver ounce, net of by-product credits.