Silvercorp Metals : Corporate Presentation (2025 05 12 SVM Corporate Presentation v2)

Investor Presentation May 2025

s i l v e r c o r p m e t a l s . c o m | NYSE-A / TSX : SVM

PROVEN TRACK RECORD

Producing Under Construction PEA Study Under Permit Indirect Exposure - Equity Interest

PROFITABLE SILVER MINES IN CHINA SUPPORT GROWTH INTO ECUADOR

TSX: SVM | NYSE AMERICAN SVM

Proven Track Record

Production since 2006:

Profits Generated: Returned to Shareholders: Cash1 + Investments2: ESG Rating:

>100 Moz Silver +

1.5 Blb Lead + Zinc

>$520M

>$200M

$355M + $75M MSCI A

Ying Mining District

(Ag-Pb-Zn-Au; >15-year mine life)

GC Mine

(Ag-Pb-Zn; >15-year mine life)

BYP Mine

(Au)

C H I N A

1. Two operating mines in China (Ying and GC)

2. One copper-gold mine under construction in Ecuador (El Domo)

3. One silver mine under construction in China (Kuanping)

4. One gold deposit under PEA study in Ecuador (Condor)

5. One gold mine under permit in China (BYP)

Profitable Mines to Support Growth

El Domo

(Cu-Au; 10-year mine life)

ECUADOR

Condo

(Au)

r

Carangas (Ag-Au)

(28.2% of New Pacific Metals)

Note: 1. Dec 31, 2024. 2. May 12, 2025.

BOLIVIA

Silver Sand (Ag)

3

(28.2% of New Pacific Metals)

Disciplined Approach

Organic Growth China

• Ying Mining District: upgrade & expansion

• Kuanping: satellite mine under construction

  Ecuador

• El Domo: copper-gold mine under construction

• Condor: high grade underground gold project

Acquisitions

• High margin projects ready to be built at reasonable capex

• Adventus transaction

  completed July 2024

• OreCorp (2023): outbid, made $10M profit

• Celsius Resources (2023):

  didn't proceed

• Guyana Goldfields (2020):

outbid, made $20M profit

Incubating Opportunities

• 28.2% interest in New Pacific Metals Corp.:

  Two open-pit silver projects in permitting in Bolivia (Silver Sand & Carangas)

• Other early-stage investments

Market Cap1: $0.8B | Consensus NAV: ~$1.4B

Notes 1) May 12, 2025 4

GROWTH STRATEGY TO ADD VALUE

TSX: SVM | NYSE AMERICAN SVM

Current Mines1

El Domo1,2 Total

$354M

$636M

$603M

Note 1: Revenue for Current Mines are based on metal production from FY2026 production guidance and 2024 Ying and GC NI 43-101 reports, revenue for El Domo based on metal production from 2021 El Domo Feasibility Study, and using US$4.60/lb copper, US$3,350/oz gold, US$1.15/lb zinc, US$1.00/lb lead, and US$33.00/oz silver metal prices

Note 2: El Domo gold and silver revenue adjusted for 50% gold stream and 75% silver stream to Wheaton

5

SIGNIFICANT NEAR-TERM REVENUE GROWTH

FROM COPPER AND GOLD

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