Silvercorp Metals Files Updated Mineral Resource Estimate for Condor Gold Project

Silvercorp Metals Inc. (NYSE:SVM) is one of the best Canadian stocks with huge upside potential. On June 12, Silvercorp Metals announced the filing of an updated mineral resource estimate for its Condor gold project in Ecuador. This “Independent Technical Report for the Condor Project, Ecuador,” prepared by SRK Consulting (Canada) Inc., had an effective date of February 28, 2025. The report was filed following a news release on May 12 and is available on the company’s website, SEDAR+, and EDGAR.

The Condor Project is not currently considered a material property for Silvercorp, and the updated estimate was filed voluntarily. The announcement comes amidst a positive period for Silvercorp Metals, with its share price increasing by 14% over the past month. This upward trend is supported by strong financial results reported on May 22, where Silvercorp reported revenue of $72.2 million in Q1 2025, which was a 20% increase from $60 million in Q1 2024.

Silvercorp Metals Files Updated Mineral Resource Estimate for Condor Gold Project

A modern mining truck, winding its way through a large open pit mining operation.

Despite strong growth, the company’s one-year return has lagged behind the Canadian Metals and Mining industry, which saw a 34.1% return. Analysts are optimistic about Silvercorp’s future and expect annual revenue growth of 26.1% and earnings to reach $122.4 million by May 2028. This outlook is supported by initiatives like the Ying Mine expansion and rising metals prices.

Silvercorp Metals Inc. (NYSE:SVM) acquires, explores, develops, and mines mineral properties in China. It explores for copper, silver, gold, lead, and zinc metals.

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Disclosure: None. This article is originally published at Insider Monkey.