Trading Symbol:           TSX: SVM                                        NYSE AMERICAN: SVM VANCOUVER, BC, April 23, 2024 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM) (NYSE:SVM) reports production and sales figures for the fourth quarter (Q4 Fiscal 2024) and fiscal year ended March 31, 2024 ("Fiscal 2024") and the production and cost guidance for the 2025 fiscal year ending March 31, 2025 ('Fiscal 2025"). The Company expects to release its Fiscal 2024 audited financial results on Thursday, May 23, 2024 after market close. Q4 Fiscal 2024 Operational Results   Gold production of 1,916 ounces, up 92% over the same quarter last year ("Q4 Fiscal 2023"); Silver equivalent (only silver and gold)1 production of approximately 1.3 million ounces, up 11% over Q4 Fiscal 2023; Lead production of approximately 12.5 million pounds, up 15% over Q4 Fiscal 2023; and Zinc production of approximately 4.56 million pounds, up 27% over Q4 Fiscal 2023.  Fourth Quarter Fiscal 2024 Fourth Quarter Fiscal 2023  Ying Mining District GC  Consolidated 'Ying Mining District GC  Consolidated  Production Data  Ore Mined (tonnes) 147,122 48,038 195,160 132,205 49,643 181,848  Ore Milled (tonnes)  Gold ore 21,843 - 21,843 - - -  Silver ore 158,424 57,226 215,650 130,910 48,483 179,393 180,267 57,226 237,493 130,910 48,483 179,393  Head Grades       Silver (gram/tonne) 197 57 255 88       Lead  (%) 3.1 1.1 3.6 1.3       Zinc (%) 0.6 2.5 0.6 2.5  Recovery Rates       Silver (%) 94.4 83.2 95.2 78.9       Lead  (%) 95.0 89.8 95.3 90.9       Zinc (%) 70.2 89.3 68.3 89.3  Metal production  Gold (ounces) 1,916 - 1,916 1,000 - 1,000  Silver (in thousands of ounces) 1,063 87 1,150 997 109 1,106  Silver equivalent (in thousands of ounces) 1,237 87 1,324 1,086 109 1,195  Lead (in thousands of pounds) 11,317 1,210 12,527 9,688 1,250 10,938  Zinc (in thousands of pounds) 1,750 2,809 4,559 1,164 2,413 3,577  Metals sold  Gold  (ounces) 1,916 - 1,916 1,000 - 1,000  Silver (in thousands of ounces) 1,052 87 1,139 966 107 1,073  Lead (in thousands of pounds) 10,821 1,051 11,872 8,924 1,097 10,021  Zinc  (in thousands of pounds) 1,730 2,702 4,432 1,115 2,336 3,451 In Q4 Fiscal 2024, a total of 147,122 tonnes of ore were mined at the Ying Mining District, up 11% over Q4 Fiscal 2023, and 180,267 tonnes of ore were milled, up 38% over Q4 Fiscal 2023. Approximately 1.1 million ounces of silver, 1,916 ounces of gold (or 1.2 million ounces of silver equivalent), 11.3 million pounds of lead, and 1.8 million pounds of zinc were produced, representing production increases of 92%,7%, 14%, 17%, and 50%, respectively, in silver, gold, silver equivalent, lead and zinc over Q4 Fiscal 2023.  At the GC Mine, 48,038 tonnes of ore were mined, down 3% over Q4 Fiscal 2023, and 57,226 tonnes of ore were milled, up 18% over Q4 Fiscal 2023. Approximately 87 thousand ounces of silver, 1.2 million pounds of lead, and 2.8 million pounds of zinc were produced, representing an increase of 16% in zinc, and decreases of 20% and 3%, respectively, in silver and lead over Q4 Fiscal 2023. Fiscal 2024 Operational Results   Gold production of 7,268 ounces, an increase of 65% over Fiscal 2023; Silver equivalent (only silver and gold) production of approximately 6.8 million ounces, a decrease of 2% over Fiscal 2023; Lead production of approximately 63.2 million pounds, a decrease of 7% over Fiscal 2023; and Zinc production of approximately 23.4 million pounds, a decrease of 1% over Fiscal 2023; and  Year ended March 31, 2024  Year ended March 31, 2023 Ying Mining District GC  Consolidated