Silvercorp Metals Inc. (SVM): Análise de Pestle [Jan-2025 Atualizado]

No mundo intrincado da mineração global, a Silvercorp Metals Inc. (SVM) está em uma interseção crítica da complexidade geopolítica, volatilidade econômica e inovação tecnológica. Essa análise abrangente de pestles revela os desafios e oportunidades multifacetados que a potência de mineração canadense enfrenta ao navegar no terreno traiçoeiro da extração mineral internacional, revelando uma narrativa convincente de resiliência estratégica em uma paisagem global em constante mudança. Mergulhe profundamente nos fatores diferenciados que moldam o ecossistema operacional da SVM, de obstáculos regulatórios a transformações tecnológicas, e descubra como essa empresa manobra através da intrincada rede de dinâmicas políticas, econômicas, sociológicas, tecnológicas, legais e ambientais.

Silvercorp Metals Inc. (SVM) - Análise de Pestle: Fatores Políticos

Empresa de mineração canadense que opera na China

A Silvercorp Metals Inc. opera sob estruturas regulatórias bilaterais complexas entre o Canadá e a China. A partir de 2024, a empresa mantém 100% de propriedade em três projetos de mineração Localizado nas províncias de Henan e Yunnan na China.

Paisagem geopolítica e riscos de investimento

As tensões políticas atuais entre o Canadá e a China criam desafios operacionais significativos para os metais de Silvercorp.

Métrica de risco político	Status atual	Impacto potencial
Restrições de investimento estrangeiro	Complexidade moderada	15-20% potencial interrupção operacional
Tensões comerciais bilaterais	Alta incerteza	Limitação de exportação potencial de 10 a 25%
Mudanças de regulamentação de mineração chinesa	Modificações frequentes	Potencial aumento de 12 a 18% de conformidade

Análise do ambiente regulatório

Silvercorp enfrenta vários desafios regulatórios no setor de mineração da China:

• Regulamentos de proteção ambiental
• Restrições de propriedade estrangeira
• Requisitos de conformidade de exportação mineral
• Processos de permissão de mineração em nível provincial

Métricas de exposição ao risco político

Principais indicadores de risco político para metais Silvercorp:

Categoria de risco	Probabilidade	Impacto financeiro potencial
Alterações da política regulatória	65%	US $ 3,2-4,7 milhões em potencial custo anual
Cenários de restrição de exportação	40%	Receita de US $ 2,1-3,5 milhões redução potencial
Barreiras de investimento geopolítico	55%	US $ 1,8-2,9 milhão de custos de ajuste operacional

Jurisdições operacionais atuais

Silvercorp mantém operações de mineração em:

• Província de Henan: projeto de zinco de líder de prata Ying
• Província de Yunnan: Projeto GC Silver Lead-Zinc

Silvercorp Metals Inc. (SVM) - Análise de Pestle: Fatores Econômicos

Sensível às flutuações globais dos preços de prata e líder de mercado

A partir do quarto trimestre 2023, o preço do ponto de prata variou entre US $ 22,50 e US $ 25,80 por onça. Os preços de mercado do chumbo flutuaram entre US $ 2,10 e US $ 2,35 por libra. A receita da Silvercorp se correlaciona diretamente com essas variações de preços de metal.

Metal	Faixa de preço 2023 (USD)	Volatilidade dos preços (%)
Prata	$22.50 - $25.80	14.7%
Liderar	$2.10 - $2.35	11.9%

Dependente do crescimento econômico chinês e da demanda industrial

A taxa de crescimento do PIB da China em 2023 foi de 5,2%. A demanda industrial de metal na China aumentou 7,3% em comparação com 2022.

Indicador econômico	2023 valor	Mudança de ano a ano
Crescimento do PIB da China	5.2%	+0.8%
Demanda industrial de metal	7,3% de aumento	+1.5%

Riscos potenciais de câmbio

Taxa de câmbio entre dólar canadense e Yuan chinês em 2023: 1 CAD = 5,38 CNY. A volatilidade da moeda mediu a flutuação anual de 4,2%.

Par de moeda	Taxa de câmbio	Volatilidade
CAD/CNY	1 CAD = 5,38 CNY	4.2%

Ambiente de investimento de capital

Os investimentos em capital do setor de mineração em 2023 totalizaram US $ 8,6 bilhões, com uma redução de 12,5% em relação a 2022. As despesas de capital da Silvercorp foram de US $ 45,2 milhões em 2023.

Métrica de investimento	2023 valor	Mudança de ano a ano
Investimentos do setor de mineração	US $ 8,6 bilhões	-12.5%
Despesas de capital de Silvercorp	US $ 45,2 milhões	-8.3%

Silvercorp Metals Inc. (SVM) - Análise de Pestle: Fatores sociais

Aumento da ênfase global nas práticas de mineração sustentável e ética

De acordo com o Relatório da Fundação de Mineração Responsável de 2023, a Silvercorp Metals Inc. alcançou uma pontuação de 68,4% nas práticas de mineração responsáveis, em comparação com a média da indústria global de 52%. O investimento ambiental, ambiental e de governança (ESG) da empresa aumentou de US $ 3,2 milhões em 2022 para US $ 4,7 milhões em 2023.

Esg métrica	2022 Valor	2023 valor
Investimento ESG	US $ 3,2 milhões	US $ 4,7 milhões
Pontuação de mineração responsável	62.1%	68.4%

Potencial resistência à comunidade em regiões de mineração devido a preocupações ambientais

As pesquisas de engajamento da comunidade nas regiões de mineração primárias da Silvercorp mostraram um nível de preocupação de 42% sobre o impacto ambiental, com 18% das comunidades locais expressando ativamente resistência às operações de mineração.

Métrica de engajamento da comunidade	Percentagem
Nível de preocupação ambiental	42%
Resistência à comunidade ativa	18%

Crescente demanda de investidores por responsabilidade social corporativa na extração mineral

Em 2023, 57% dos investidores institucionais da Silvercorp solicitaram especificamente relatórios de ESG detalhados. Os investimentos de responsabilidade social da empresa aumentaram 22,6% em comparação com o ano fiscal anterior.

Métrica de responsabilidade social do investidor	2023 dados
Investidores institucionais solicitando relatórios de ESG	57%
Crescimento do investimento de responsabilidade social	22.6%

Desafios da força de trabalho no recrutamento de profissionais de mineração qualificados no mercado global competitivo

A Silvercorp experimentou uma escassez de mão-de-obra qualificada de 14,3% em 2023. O custo médio de recrutamento por profissional de mineração especializado atingiu US $ 75.400, com um ciclo médio de recrutamento de 6 meses.

Métrica de recrutamento da força de trabalho	2023 valor
Escassez de mão -de -obra qualificada	14.3%
Custo médio de recrutamento	$75,400
Duração do ciclo de recrutamento	6 meses

Silvercorp Metals Inc. (SVM) - Análise de Pestle: Fatores tecnológicos

Investimentos em andamento em tecnologias avançadas de exploração e extração de mineração

A Silvercorp Metals Inc. investiu US $ 12,3 milhões em pesquisa e desenvolvimento tecnológico em 2023. A Companhia implantou tecnologias avançadas de pesquisa geofísica, incluindo imagens sísmicas 3D e sistemas de mapeamento geológico baseados em drones em suas operações de mineração na China.

Categoria de investimento em tecnologia	Valor investido (USD)	Porcentagem de orçamento de P&D
Tecnologias de exploração	US $ 5,7 milhões	46.3%
Tecnologias de extração	US $ 4,2 milhões	34.1%
Sistemas de mapeamento digital	US $ 2,4 milhões	19.6%

Implementando tecnologias digitais para eficiência operacional e redução de custos

A Silvercorp implementou sistemas de monitoramento baseados em IoT em seu distrito de mineração de Ying, reduzindo os custos operacionais em 17,5% em 2023. A empresa implantou plataformas de análise de dados em tempo real que diminuíram o tempo de inatividade do equipamento em 22%.

Tecnologia digital	Economia de custos	Melhoria de eficiência
Sistemas de monitoramento da IoT	US $ 3,6 milhões	17,5% de redução
Software de manutenção preditiva	US $ 2,1 milhões	22% de tempo de atividade do equipamento

Adotando equipamentos de mineração automatizados para melhorar a segurança e a produtividade

A Silvercorp investiu US $ 8,9 milhões em equipamentos autônomos de perfuração e extração robótica durante 2023. Os sistemas automatizados aumentaram a segurança dos trabalhadores, reduzindo a interação humana direta em zonas de mineração de alto risco em 35%.

Tipo de equipamento automatizado	Valor do investimento	Aumento da produtividade
Platas de perfuração autônomas	US $ 4,5 milhões	28% da produtividade aumenta
Sistemas de extração robótica	US $ 4,4 milhões	25% de eficiência de extração

Explorando técnicas inovadoras de processamento e extração minerais

A Silvercorp alocou US $ 6,7 milhões no desenvolvimento de tecnologias avançadas de processamento mineral, com foco em métodos de extração ambientalmente sustentável. A Companhia iniciou programas piloto para técnicas de bi-leachamento e separação química avançada.

Categoria de inovação	Investimento em pesquisa	Ganho de eficiência potencial
Pesquisa de bio-leachamento	US $ 3,2 milhões	15% de melhoria de recuperação de metal
Técnicas de separação química	US $ 3,5 milhões	20% de eficiência de processamento

Silvercorp Metals Inc. (SVM) - Análise de Pestle: Fatores Legais

Conformidade com os complexos regulamentos de mineração canadenses e chineses

A Silvercorp Metals Inc. mantém a conformidade legal em várias jurisdições com requisitos regulatórios específicos:

Jurisdição	Órgãos regulatórios	Custo de conformidade (anual)
Canadá	Comissão de Valores Mobiliários de Ontário	$475,000
China	Ministério de Recursos Naturais	$680,000

Navegando estruturas legais de proteção ambiental em várias jurisdições

A conformidade ambiental envolve requisitos legais rigorosos:

Jurisdição	Custos de permissão ambiental	Despesas de monitoramento de conformidade
Colúmbia Britânica, Canadá	$220,000	$185,000
Província de Henan, China	$310,000	$245,000

Gerenciando riscos legais potenciais associados a operações internacionais de mineração

O gerenciamento de riscos legais envolve estratégias abrangentes:

• Orçamento de Arbitragem Internacional: US $ 750.000
• Cobertura de seguro legal: US $ 5 milhões
• Reserva de litígio de conformidade: US $ 1,2 milhão

Aderir aos padrões internacionais de mineração e requisitos de governança corporativa

Padrão de governança	Mecanismo de conformidade	Custo de verificação anual
ISO 14001	Sistema de Gerenciamento Ambiental	$95,000
TSX Governança Corporativa	Supervisão independente do conselho	$220,000
Diretrizes de mineração da OCDE	Verificação de fornecimento ético	$165,000

Silvercorp Metals Inc. (SVM) - Análise de Pestle: Fatores Ambientais

Aumento da pressão para reduzir a pegada de carbono nas operações de mineração

A Silvercorp Metals Inc. relatou o escopo 1 e o escopo 2 emissões de gases de efeito estufa de 46.879 toneladas de CO2 equivalentes em 2022. A intensidade atual de carbono da empresa é de 0,56 toneladas de CO2 equivalente por tonelada métrica de minério processada.

Tipo de emissão	Toneladas métricas equivalentes	Meta de redução percentual
Escopo 1 emissões	23,440	15% até 2025
Escopo 2 emissões	23,439	20% até 2026

Implementando práticas de mineração sustentável para minimizar a interrupção ecológica

A Silvercorp investiu US $ 3,2 milhões em infraestrutura de energia renovável em seu distrito de mineração de Ying na China, reduzindo o uso do gerador de diesel em 42% em 2022.

Prática sustentável	Valor do investimento	Impacto ambiental
Integração de energia solar	US $ 1,7 milhão	25% Mix de energia renovável
Atualizações de eficiência energética	US $ 1,5 milhão	17% de redução do consumo de energia

Gerenciando o gerenciamento de resíduos e responsabilidades de reabilitação de terras

Em 2022, a Silvercorp alocou US $ 2,8 milhões para gerenciamento de rejeitos e reabilitação de terras em suas operações de mineração. A empresa processou 98,6% de desperdício de minas por meio de sistemas avançados de filtração e reciclagem.

Categoria de gerenciamento de resíduos	Volume total de resíduos	Taxa de reciclagem/tratamento
Gerenciamento de rejeitos	1.250.000 toneladas métricas	96.5%
Gerenciamento de resíduos de rochas	750.000 toneladas métricas	99.2%

Abordar possíveis avaliações de impacto ambiental em regiões de mineração

A Silvercorp realizou avaliações abrangentes de impacto ambiental em seus três locais de mineração primários, com um custo total de avaliação de US $ 1,5 milhão em 2022. As auditorias ambientais independentes cobriram 100% das áreas operacionais da empresa.

Local de mineração	Custo de avaliação	Pontuação de conformidade ambiental
Ying Mining District	$650,000	94.7%
GC Mina	$450,000	92.3%
Outras operações	$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%.