Silvercorp Metals Inc. (SVM): Análisis PESTLE [Actualizado en Ene-2025]

En el intrincado mundo de la minería global, Silvercorp Metals Inc. (SVM) se encuentra en una intersección crítica de la complejidad geopolítica, la volatilidad económica y la innovación tecnológica. Este análisis integral de mano de mortero presenta los desafíos y oportunidades multifacéticas que enfrentan esta potencia minera canadiense, ya que navega por el terreno traicionero de la extracción de minerales internacionales, revelando una narración convincente de la resistencia estratégica en un paisaje global siempre cambiante. Coloque profundamente en los factores matizados que dan forma al ecosistema operativo de SVM, desde obstáculos regulatorios hasta transformaciones tecnológicas, y descubren cómo esta empresa maniobra a través de la intrincada red de dinámicas políticas, económicas, sociológicas, tecnológicas, legales y ambientales.

Silvercorp Metals Inc. (SVM) - Análisis de mortero: factores políticos

Compañía minera canadiense que opera en China

Silvercorp Metals Inc. opera bajo marcos regulatorios bilaterales complejos entre Canadá y China. A partir de 2024, la compañía mantiene 100% de propiedad en tres proyectos mineros Ubicado en las provincias de China Henan y Yunnan.

Riesgos de paisaje e inversión geopolítica

Las tensiones políticas actuales entre Canadá y China crean desafíos operativos significativos para los metales de SilverCorp.

Métrica de riesgo político	Estado actual	Impacto potencial
Restricciones de inversión extranjera	Complejidad moderada	15-20% de potencial interrupción operativa
Tensiones comerciales bilaterales	Alta incertidumbre	Potencial del 10-25% de limitación de exportación
Cambios de regulación minera china	Modificaciones frecuentes	Aumento potencial del costo de cumplimiento del 12-18%

Análisis de entorno regulatorio

SilverCorp enfrenta múltiples desafíos regulatorios en el sector minero de China:

• Regulaciones de protección del medio ambiente
• Restricciones de propiedad extranjera
• Requisitos de cumplimiento de la exportación de minerales
• Procesos de permiso de minería a nivel provincial

Métricas de exposición al riesgo político

Indicadores clave de riesgo político para los metales de SilverCorp:

Categoría de riesgo	Probabilidad	Impacto financiero potencial
Cambios de política regulatoria	65%	$ 3.2-4.7 millones de costos anuales potenciales
Escenarios de restricción de exportación	40%	$ 2.1-3.5 millones Reducción potencial de ingresos
Barreras de inversión geopolítica	55%	$ 1.8-2.9 millones de costos de ajuste operativo

Jurisdicciones operativas actuales

SilverCorp mantiene operaciones mineras en:

• Proyecto de Henan: Proyecto Ying Silver-Lead-Zinc
• Proyecto de Yunnan: Proyecto GC Silver-Lead-Zinc

Silvercorp Metals Inc. (SVM) - Análisis de mortero: factores económicos

Sensible a las fluctuaciones globales de la plata y el precio del mercado de plomo

A partir del cuarto trimestre de 2023, el precio spot de plata oscilaba entre $ 22.50 y $ 25.80 por onza. El precio del mercado de plomo fluctuó entre $ 2.10 y $ 2.35 por libra. Los ingresos de SilverCorp se correlacionan directamente con estas variaciones de precios del metal.

Metal	Rango de precios 2023 (USD)	Volatilidad de los precios (%)
Plata	$22.50 - $25.80	14.7%
Dirigir	$2.10 - $2.35	11.9%

Dependiendo del crecimiento económico chino y la demanda industrial

La tasa de crecimiento del PIB de China en 2023 fue del 5,2%. La demanda de metales industriales en China aumentó en un 7,3% en comparación con 2022.

Indicador económico	Valor 2023	Cambio año tras año
Crecimiento del PIB de China	5.2%	+0.8%
Demanda de metales industriales	Aumento de 7.3%	+1.5%

Riesgos potenciales de cambio de divisas

Tipo de cambio entre el dólar canadiense y el yuano chino en 2023: 1 CAD = 5.38 CNY. Volatilidad monetaria medida a 4.2% de fluctuación anual.

Pareja	Tipo de cambio	Volatilidad
CAD/CNY	1 CAD = 5.38 CNY	4.2%

Entorno de inversión de capital

Las inversiones de capital del sector minero en 2023 totalizaron $ 8.6 mil millones, con una reducción del 12.5% ​​de 2022. El gasto de capital de SilverCorp fue de $ 45.2 millones en 2023.

Métrico de inversión	Valor 2023	Cambio año tras año
Inversiones del sector minero	$ 8.6 mil millones	-12.5%
Gastos de capital de SilverCorp	$ 45.2 millones	-8.3%

Silvercorp Metals Inc. (SVM) - Análisis de mortero: factores sociales

Aumento del énfasis global en prácticas mineras sostenibles y éticas

Según el informe de la Fundación Minería Responsable 2023, SilverCorp Metals Inc. logró un puntaje del 68.4% en las prácticas mineras responsables, en comparación con el promedio de la industria global del 52%. La inversión ambiental, social y de gobierno (ESG) de la compañía aumentó de $ 3.2 millones en 2022 a $ 4.7 millones en 2023.

Métrico ESG	Valor 2022	Valor 2023
Inversión de ESG	$ 3.2 millones	$ 4.7 millones
Puntaje de minería responsable	62.1%	68.4%

Resistencia comunitaria potencial en las regiones mineras debido a preocupaciones ambientales

Las encuestas de participación comunitaria en las principales regiones mineras de Silvercorp mostraron un nivel de preocupación del 42% sobre el impacto ambiental, con el 18% de las comunidades locales que expresan activamente resistencia a las operaciones mineras.

Métrica de compromiso de la comunidad	Porcentaje
Nivel de preocupación ambiental	42%
Resistencia comunitaria activa	18%

Creciente demanda de inversores de responsabilidad social corporativa en la extracción de minerales

En 2023, El 57% de los inversores institucionales de SilverCorp solicitaron específicamente informes detallados de ESG. Las inversiones de responsabilidad social de la Compañía aumentaron en un 22,6% en comparación con el año fiscal anterior.

Métrica de responsabilidad social del inversor	2023 datos
Inversores institucionales que solicitan informes de ESG	57%
Crecimiento de la inversión de responsabilidad social	22.6%

Desafíos de la fuerza laboral en el reclutamiento de profesionales de minería calificada en el mercado global competitivo

SilverCorp experimentó una escasez de mano de obra calificada del 14.3% en 2023. El costo promedio de reclutamiento por profesional minero especializado alcanzó los $ 75,400, con un ciclo de reclutamiento promedio de 6 meses.

Métrica de reclutamiento de la fuerza laboral	Valor 2023
Escasez de trabajo calificado	14.3%
Costo promedio de reclutamiento	$75,400
Duración del ciclo de reclutamiento	6 meses

Silvercorp Metals Inc. (SVM) - Análisis de mortero: factores tecnológicos

Inversiones continuas en tecnologías avanzadas de exploración minera y extracción

Silvercorp Metals Inc. invirtió $ 12.3 millones en investigación y desarrollo tecnológico en 2023. La compañía desplegó tecnologías avanzadas de encuestas geofísicas, incluidas imágenes sísmicas 3D y sistemas de mapeo geológico basados ​​en drones en sus operaciones mineras en China.

Categoría de inversión tecnológica	Monto invertido (USD)	Porcentaje del presupuesto de I + D
Tecnologías de exploración	$ 5.7 millones	46.3%
Tecnologías de extracción	$ 4.2 millones	34.1%
Sistemas de mapeo digital	$ 2.4 millones	19.6%

Implementación de tecnologías digitales para la eficiencia operativa y la reducción de costos

SilverCorp implementó sistemas de monitoreo basados ​​en IoT en su distrito minero de Ying, reduciendo los costos operativos en un 17.5% en 2023. La compañía desplegó plataformas de análisis de datos en tiempo real que disminuyeron el tiempo de inactividad del equipo en un 22%.

Tecnología digital	Ahorro de costos	Mejora de la eficiencia
Sistemas de monitoreo de IoT	$ 3.6 millones	17.5% Reducción
Software de mantenimiento predictivo	$ 2.1 millones	22% de tiempo de actividad del equipo

Adoptar equipos mineros automatizados para mejorar la seguridad y la productividad

SilverCorp invirtió $ 8.9 millones en perforación autónoma y equipos de extracción robótica durante 2023. Los sistemas automatizados aumentaron la seguridad de los trabajadores al reducir la interacción humana directa en zonas mineras de alto riesgo en un 35%.

Tipo de equipo automatizado	Monto de la inversión	Aumento de la productividad
Plataformas de perforación autónoma	$ 4.5 millones	Aumento de la productividad del 28%
Sistemas de extracción robótica	$ 4.4 millones	25% de eficiencia de extracción

Explorando técnicas innovadoras de procesamiento y extracción de minerales

SilverCorp asignó $ 6.7 millones para desarrollar tecnologías avanzadas de procesamiento de minerales, centrándose en métodos de extracción ambientalmente sostenibles. La Compañía inició programas piloto para técnicas de separación química avanzada y de liquidación biológica.

Categoría de innovación	Inversión de investigación	Ganancia de eficiencia potencial
Investigación de bio-lixiviación	$ 3.2 millones	15% de mejora de recuperación de metales
Técnicas de separación química	$ 3.5 millones	20% de eficiencia de procesamiento

Silvercorp Metals Inc. (SVM) - Análisis de mortero: factores legales

Cumplimiento de las complejas regulaciones mineras canadienses y chinas

SilverCorp Metals Inc. mantiene el cumplimiento legal en múltiples jurisdicciones con requisitos reglamentarios específicos:

Jurisdicción	Cuerpos reguladores	Costo de cumplimiento (anual)
Canadá	Comisión de Valores de Ontario	$475,000
Porcelana	Ministerio de Recursos Naturales	$680,000

Navegar por los marcos legales de protección ambiental en múltiples jurisdicciones

El cumplimiento ambiental implica requisitos legales estrictos:

Jurisdicción	Costos de permiso ambiental	Gastos de monitoreo de cumplimiento
Columbia Británica, Canadá	$220,000	$185,000
Provincia de Henan, China	$310,000	$245,000

Gestión de posibles riesgos legales asociados con las operaciones mineras internacionales

La gestión de riesgos legales implica estrategias integrales:

• Presupuesto de arbitraje internacional: $ 750,000
• Cobertura de seguro legal: $ 5 millones
• Reserva de litigios de cumplimiento: $ 1.2 millones

Adherirse a los estándares de minería internacional y los requisitos de gobierno corporativo

Estándar de gobernanza	Mecanismo de cumplimiento	Costo de verificación anual
ISO 14001	Sistema de gestión ambiental	$95,000
Gobierno corporativo TSX	Supervisión de la junta independiente	$220,000
Pautas de minería de la OCDE	Verificación de abastecimiento ético	$165,000

Silvercorp Metals Inc. (SVM) - Análisis de mortero: factores ambientales

Aumento de la presión para reducir la huella de carbono en las operaciones mineras

Silvercorp Metals Inc. informó el alcance 1 y el alcance 2 emisiones de gases de efecto invernadero de 46,879 toneladas métricas de CO2 equivalente en 2022. La intensidad de carbono actual de la compañía es de 0.56 toneladas métricas de equivalente de CO2 por tonelada métrica de mineral procesada.

Tipo de emisión	Toneladas métricas CO2 equivalente	Objetivo porcentual de reducción
Alcance 1 emisiones	23,440	15% para 2025
Alcance 2 emisiones	23,439	20% para 2026

Implementación de prácticas mineras sostenibles para minimizar la interrupción ecológica

SilverCorp ha invertido $ 3.2 millones en infraestructura de energía renovable en su distrito minero de Ying en China, reduciendo el uso del generador diesel en un 42% en 2022.

Práctica sostenible	Monto de la inversión	Impacto ambiental
Integración de energía solar	$ 1.7 millones	25% de combinación de energía renovable
Actualizaciones de eficiencia energética	$ 1.5 millones	17% de reducción del consumo de energía

Gestión de las responsabilidades de gestión de residuos y rehabilitación de tierras

En 2022, SilverCorp asignó $ 2.8 millones para la gestión de relaves y la rehabilitación de tierras en sus operaciones mineras. La Compañía procesó el 98.6% de los desechos de las minas a través de sistemas avanzados de filtración y reciclaje.

Categoría de gestión de residuos	Volumen total de residuos	Tasa de reciclaje/tratamiento
Gestión de relaves	1,250,000 toneladas métricas	96.5%
Gestión de residuos rocosos	750,000 toneladas métricas	99.2%

Abordar posibles evaluaciones de impacto ambiental en regiones mineras

SilverCorp realizó evaluaciones integrales de impacto ambiental en sus tres sitios mineros primarios, con un costo de evaluación total de $ 1.5 millones en 2022. Auditorías ambientales independientes cubrieron el 100% de las áreas operativas de la compañía.

Sitio minero	Costo de evaluación	Puntuación de cumplimiento ambiental
Distrito minero de Ying	$650,000	94.7%
GC mía	$450,000	92.3%
Otras operaciones	$400,000	93.5%

Silvercorp Metals Inc. (SVM) - PESTLE Analysis: Social factors

Sociological

You're looking at Silvercorp Metals Inc.'s social performance, and the Fiscal Year 2025 data shows a deliberate, and defintely measurable, push on community and safety metrics. This is more than just good PR; in mining, your social license to operate (SLO) is a hard asset, and Silvercorp is investing in it. They've tied their ESG (Environmental, Social, and Governance) commitments directly to operational stability.

In Fiscal 2025, the company invested $1.32 million in local community initiatives and infrastructure, a concrete commitment that goes toward education, training, and local economic development. That money directly addresses local concerns, which is key to long-term project viability. Also, they maintained a high local hiring rate of 66%, which provides tangible regional employment benefits and helps build community trust. That's a strong number for a global operator.

Employee safety and development also saw significant improvement, which reduces operational risk and improves labor relations. It's simple: safer, better-trained employees are more productive employees. Here's the quick math on their safety and training gains:

Metric	Fiscal 2025 Performance	Change from Previous Year	Strategic Impact
Lost Time Incident Rate (LTIR)	0.52	44% Reduction	Reduced operational downtime and insurance costs
Employee Training Hours	Over 68,000 hours	115% Increase	Improved safety compliance and technical skills
Community Investment	$1.32 million	N/A (Specific FY25 amount)	Strengthened Social License to Operate (SLO)

The focus on social license to operate (SLO) is critical, especially as the company advances its projects in Latin America. The El Domo project in Ecuador, for example, has been a major test case. The Constitutional Court of Ecuador recently upheld the project's environmental license, which is a massive win for the SLO. This ruling followed a comprehensive environmental consultation process that aligned with the standards of the Escazú Agreement (a regional treaty on environmental matters), setting a precedent for responsible development in the region.

What this estimate hides is the persistent, though often minor, opposition that can still create friction. While the legal battle is won, managing community expectations is an ongoing cost. The company's strategy here is clear:

• Gain legal clarity: Constitutional Court upheld the El Domo environmental license in August 2025.
• Build local consensus: Achieved 98% support from residents within the project's area of influence.
• Ensure transparency: First mining project in Ecuador to align with Escazú Agreement standards.

The regulatory environment and political climate in Bolivia and Ecuador remain a key risk factor for the company, and maintaining these strong social metrics is the best defense against political volatility. Silvercorp is doing the groundwork to make sure their operations are seen as a net positive for the communities where they operate.

Silvercorp Metals Inc. (SVM) - PESTLE Analysis: Technological factors

Silvercorp Metals Inc. is actively using technology to drive operational efficiency and safety, a critical move given the labor-intensive nature of underground mining. The company's focus is on mechanization and digital tools to cut waste, increase throughput, and improve safety metrics, with significant capital allocated in the Fiscal Year 2025 (FY2025) and planned for FY2026.

The total capital expenditures (CAPEX) for all operations in FY2025 reached $86.6 million, a 35% increase from the prior year, with a substantial portion dedicated to technological upgrades and expansion in the Ying Mining District. This investment directly supports the transition to a more modern, data-driven mining model.

Implementing X-ray Transmission (XRT) ore sorting to boost processing efficiency and cut waste.

The X-ray Transmission (XRT) ore sorting system is a key technological adoption already in commercial production, a smart move to address dilution and reduce energy consumption. It works by scanning run-of-mine ore and diverting waste rock before it enters the main mill circuit, which means you're only processing high-value material.

The initial investment for adding two XRT Ore Sorting systems was approximately $1.7 million, a relatively small capital outlay for a major boost in efficiency. This system is specifically being used to sort out waste rock resulting from the increased dilution rate as the company shifts to a more efficient shrinkage mining method.

Investing $25 million in the Ying District to transition to more mechanized, trackless mining.

Silvercorp is making a substantial commitment to modernize its flagship Ying Mining District operations. The company is planning to invest $25 million out of cash flow in the current fiscal year (FY2026) to transition the district to fully mechanized, trackless mining. This is part of a larger planned CAPEX for the Ying District of $73.4 million in FY2026.

This investment is primarily for enhancing ramp access to deeper ore zones, allowing for the deployment of larger, rubber-tired equipment. The goal is to move away from a mixed production model that includes shafts to one that is 100% trackless, which will improve productivity and lower the long-term cost per tonne.

Ongoing mill automation initiatives improve safety and overall plant productivity.

Mill automation is a continuous priority, enhancing throughput and reducing human exposure to hazardous areas. In FY2025, the company completed the construction and commissioning of a new 1,500 tonnes per day (t/d) flotation mill line at the Ying Mining District. This expansion, costing approximately $7.2 million, was a major factor in boosting the overall processing capacity.

The successful integration of this new line helped Silvercorp process 1,013,659 tonnes of ore at the Ying Mining District in FY2025, an increase of 24% year-on-year. Mill automation, coupled with the expansion, directly contributed to a record silver production of approximately 6.9 million ounces in FY2025.

Utilizing autonomous equipment and drones for enhanced safety and operational data collection.

While the company is focused on 'advancing digital mining,' the specific details on fully autonomous equipment and drones are part of the broader strategy to streamline mine production management and enhance safety. The move to trackless mining is a prerequisite for future automation.

The tangible result of the focus on operational safety, which is heavily supported by new technology and training, is clear: Silvercorp achieved a 44% reduction in the Lost Time Incident Rate (LTIR) to 0.52 in FY2025 compared to the previous year. That's a defintely material improvement in worker safety.

Digital transformation efforts are reducing costs and reinforcing sustainable operations.

The overall digital transformation strategy, which includes XRT, mill automation, and the shift to mechanized mining, is aimed at operational efficiency and sustainability. These initiatives are designed to reduce costs and enhance Silvercorp's ability to operate responsibly.

The financial impact of these efforts is seen in the cost structure. The consolidated cash cost per ounce of silver, net of by-product credits, in FY2025 was a highly competitive negative $0.54, a decrease from the negative $0.38 recorded in FY2024. This shows the technological investments are successfully driving down the net cost of production, even as the consolidated cash cost per tonne of ore processed saw a slight increase to $80.86 due to factors like increased tunneling development.

Technological Initiative	Fiscal Year 2025/2026 Metric	Quantifiable Impact / Cost
Ying District Mechanization	Planned Investment (FY2026)	$25 million for ramp access and trackless mining
XRT Ore Sorting System	Initial Equipment Cost (FY2025)	Approximately $1.7 million for two systems
Mill Automation/Expansion	New Flotation Mill Line Cost (FY2025)	Approximately $7.2 million for a 1,500 t/d line
Operational Safety Improvement	Lost Time Incident Rate (LTIR) (FY2025)	44% reduction to 0.52
Net Production Cost Efficiency	Cash Cost per Silver Ounce (FY2025)	Negative $0.54 (net of by-product credits)

Key technological focus areas that will shape the near-term financial performance:

• Complete the transition to 100% trackless mining at Ying.
• Maximize recovery rates through the commercially operational XRT system.
• Sustain the 44% reduction in LTIR by integrating new safety technology.

Finance: Track the return on investment for the $25 million mechanization program by Q4 FY2026 production data.

Silvercorp Metals Inc. (SVM) - PESTLE Analysis: Legal factors

Compliance with the Global Industry Standard on Tailings Management (GISTM) is a key focus.

The legal and regulatory environment for mining is tightening globally, and Silvercorp Metals Inc. is responding by formally integrating the Global Industry Standard on Tailings Management (GISTM) into its governance structure. This standard, developed by the International Council on Mining and Metals (ICMM), is a major legal and operational benchmark for the industry. The company's commitment is clear: in Fiscal 2025, Silvercorp Metals Inc. adopted a new Tailings Facility Management Policy to align its practices with the GISTM's 15 Principles.

This commitment translated into a significant capital investment. A portion of the total Fiscal 2025 capital expenditures of $86.6 million was allocated to the completion and commissioning of the No. 3 tailings storage facility (TSF) at the Ying Mining District. This kind of proactive investment in TSF infrastructure is a necessary cost of compliance, and it helps mitigate the substantial legal and financial risks associated with catastrophic dam failures.

New corporate policies, including a Board Diversity Policy, strengthen governance structure.

Silvercorp Metals Inc. has taken concrete steps to strengthen its corporate governance framework, which is a critical legal and investor relations factor for a US-listed company. During Fiscal 2025, the company introduced four new corporate policies to formalize its environmental, social, and governance (ESG) commitments.

One of the most notable is the Board Diversity Policy, which addresses the growing regulatory and stakeholder pressure for more inclusive leadership. While the policy is new, the current Board composition already demonstrates a level of independence that exceeds some requirements, with 80% of its members being independent non-executive directors. The gender diversity metrics, however, show room for growth, which the new policy is intended to drive.

Governance Metric (Fiscal 2025)	Value	Compliance Implication
New Corporate Policies Adopted	4 (including Board Diversity and Tailings Facility Management)	Strengthens ESG oversight and legal defensibility.
Board Independence	80% Independent Non-Executive Directors	Exceeds typical majority requirements for US-listed companies.
Female Directors on Board	20%	Establishes a baseline for the new Board Diversity Policy.

Must navigate evolving mining and environmental laws in China, Ecuador, and Bolivia.

Operating across multiple jurisdictions-China, Ecuador, and Bolivia-means Silvercorp Metals Inc. must constantly manage a complex patchwork of evolving national and local laws. This is defintely a high-risk area. The company's annual filings consistently flag the regulatory environment and political climate in all three countries as a key risk factor.

In Ecuador, the development of the El Domo project has been a major focus. The company achieved a significant legal victory in August 2025 when the Constitutional Court of Ecuador unanimously upheld the environmental license for the project, dismissing the final legal challenge. This ruling is a critical de-risking event, as it confirms the project's compliance with both Ecuadorian law and the international standards of the Escazú Agreement (Regional Agreement on Access to Information, Public Participation and Justice in Environmental Matters in Latin America and the Caribbean).

In China, where the company's primary operations are located, adherence to the Environmental Protection Policy, which was reviewed and approved on March 26, 2025, is mandatory. The good news is that the company reported zero significant environmental incidents in Fiscal 2025, suggesting effective operational compliance.

Adherence to Sarbanes-Oxley (SOX) for internal controls is mandatory as a US-listed company.

As a company listed on the NYSE American, Silvercorp Metals Inc. is subject to the stringent internal control requirements of the Sarbanes-Oxley (SOX) Act. This mandates a robust internal control over financial reporting (ICFR) system, which is costly to maintain but non-negotiable for US market access. The company's Fiscal 2025 filings explicitly list the risk of non-compliance with the SOX Act's requirements for internal control over financial reporting.

The complexity of SOX compliance was highlighted by the acquisition of Adventus Mining Corporation in July 2024. The company's auditor's report for the year ended March 31, 2025, noted that management excluded the internal control over financial reporting at Adventus Mining from its assessment. This is a common, temporary exception for newly acquired entities, but it means the integration of Adventus's controls into the SOX-compliant framework is a clear and immediate legal priority for the current fiscal year.

• Audit Opinion: Received an unqualified opinion on consolidated financial statements for Fiscal 2025.
• SOX Exclusion: Internal controls of the newly acquired Adventus Mining were temporarily excluded from the Fiscal 2025 SOX assessment.
• Next Step: Finance and Legal teams must fully integrate Adventus's ICFR by the next fiscal year-end to maintain full SOX compliance.

Silvercorp Metals Inc. (SVM) - PESTLE Analysis: Environmental factors

You need to see the environmental risk and opportunity landscape clearly, and for Silvercorp Metals Inc., the Fiscal 2025 data shows a strong, quantifiable commitment to de-risking operations through measurable sustainability gains. The direct takeaway is that the company is actively reducing its carbon footprint and water intensity while maintaining zero significant environmental incidents in its operations.

This focus on ecological protection and climate resilience is not just rhetoric; it's backed by concrete numbers that affect the bottom line and operational longevity. The company's environmental strategy is built on compliance, efficiency, and waste reduction, aligning with global standards like the Global Reporting Initiative (GRI) and the Task Force on Climate-Related Financial Disclosures (TCFD).

GHG Emissions and Energy Transition

Silvercorp Metals Inc. has made measurable progress in decarbonizing its operations, primarily by targeting Scope 1 and Scope 2 greenhouse gas (GHG) emissions. For Fiscal 2025, the company achieved a 17% reduction in its absolute Scope 1 and Scope 2 GHG emissions compared to its 2020 baseline. This translates to an emissions intensity of 310 tonnes of CO2 equivalent per million USD of revenue, which is a 17.30% reduction since Fiscal 2020. That's real progress.

To support this, the company continues to promote distributed rooftop photovoltaic (solar) projects across its facilities. While the total installed capacity is not explicitly stated in the Fiscal 2025 highlights, the self-built photovoltaic generation contributed 232 MWh of electricity annually to offset energy consumption. They also advanced the X-ray Transmission (XRT) intelligent ore sorting project, which is a smart way to reduce the volume of waste entering mineral processing, thus lowering energy use and carbon emissions.

Water, Waste, and Land Stewardship

Water management is a critical factor for any mining operation, and Silvercorp Metals Inc. has demonstrated improved efficiency. The water recycling rate reached 83.84% in Fiscal 2025, which represents a 4.37% improvement compared to the Fiscal 2020 rate. This focus on recycling is why the freshwater withdrawal intensity dropped to 12,121 m³/million dollar revenue, a 31.50% reduction since Fiscal 2020. Honestly, that reduction in water intensity is a defintely strong indicator of operational efficiency.

In terms of waste, the company has formalized its approach with a new Tailings Facility Management Policy, adhering to the Global Industry Standard on Tailings Management (GISTM). At the GC Mine, a portion of dewatered tailings is used for paste backfill, which reduces the surface footprint. Furthermore, the company reclaimed 7.08 hectares of land in Fiscal 2025, demonstrating a tangible commitment to land rehabilitation.

Environmental Compliance and Certifications

The company's commitment to environmental management systems (EMS) provides a layer of operational stability. Both the Ying Mining District and the GC Mine maintain the globally recognized ISO 14001 environmental management certification, having passed their annual inspections. This systematic approach is a key operational de-risker. In fact, all five of Silvercorp Metals Inc.'s operational mines were certified under the national Green Mine standards as of the end of Fiscal 2025, a strong signal to regulators and investors alike.

Key Environmental Metric (Fiscal 2025)	Value/Performance	Baseline/Target
Significant Environmental Incidents	Zero	N/A (Goal: Zero)
GHG Emissions Reduction (Scope 1 & 2)	17% Reduction	2020 Baseline
GHG Emissions Intensity Reduction	17.30% Reduction	Fiscal 2020 Baseline
Water Recycling Rate	83.84%	4.37% Improvement from FY2020
Land Reclaimed in FY2025	7.08 hectares	Progressing with approved plans
Self-built Photovoltaic Generation	232 MWh Annually	Offsetting energy consumption

The focus on environmental performance is a clear strategic move to future-proof operations against tightening regulations and rising carbon costs. The next step is for the ESG Management Center to publish the full action plan/framework to address outlined climate risks, providing even more clarity on the path to the 2030 GHG emissions intensity reduction goal of 20%.