By Anvee Bhutani

Shares of Silvercorp Metals advanced after the company reported a 50% increase in mineral reserve tonnage and silver at seven sites that make up its flagship Ying Mining District in China.

The stock rose 8.2% to $11.37 just ahead of the close on Friday. Shares are up 36% this year, and have more than doubled in the past 52 weeks.

The Vancouver, Canada-based company said proven and probable reserves in the district now total 19 million tonnes, with a 45% increase in proven reserves and a 55% rise in probable reserves, in comparison with a technical report from 2024.

Silvercorp now expects approximately 106 million ounces of silver, along with lead, zinc and gold, to be mined at the site during the next 17 years. Annual ore production is expected to rise to more than 1.6 million tonnes by fiscal year 2029 before gradually declining starting in 2032.

Production at the site is projected to end in 2042 but maybe extended beyond that date, the company said.

The company attributed the increase in reserves to exploration success, resource conversion through drilling and development, and lower cut-off grades driven by higher assumed silver prices.

Write to Anvee Bhutani at anvee.bhutani@wsj.com

(END) Dow Jones Newswires

June 12, 2026 15:48 ET (19:48 GMT)

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