Trading Symbol:     TSX: SVM                                        NYSE AMERICAN: SVM VANCOUVER, BC, July 15, 2024 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM) (NYSE:SVM) reports production and sales figures for the first quarter ended June 30, 2024 of fiscal 2025 ("Q1 Fiscal 2025"). The Company expects to release its Q1 Fiscal 2025 audited financial results on Tuesday, August 13, 2024, after market close. Q1 Fiscal 2025 Operational Results   Record revenue of approximately $72.0 million, an increase of 20% over the same quarter last year ("Q1 Fiscal 2024") Ore mined of 341,927 tonnes, up 13% over Q1 Fiscal 2024; Ore milled of 307,696 tonnes, up 4% over Q1 Fiscal 2024; Inventory stockpile ores amounted to 59,293 tonnes not yet processed due to mill capacity constraints, with additional ore to be added to the stockpile in the coming quarter. If they had been processed, the Company's metal production would have aligned with its Fiscal 2025 annual guidance, and are anticipated to be processed when the 1,500 tonnes per day new mill is in operation by November 2024. Silver production of 1.7 million ounces, a decrease of 4% over Q1 Fiscal 2024 as 59,293 tonnes of inventory stockpile ores were not yet processed at the Ying Mining District due to mill capacity constraints; Silver equivalent (only silver and gold)i production of approximately 1.8 million ounces; Lead production of approximately 15.6 million pounds, a decrease of 12% over Q1 Fiscal 2024; and Zinc production of approximately 6.4 million pounds, a decrease of 6% over Q1 Fiscal 2024. Q1 Fiscal 2025 Q1 Fiscal 2024 Ying Mining District GC Consolidated Ying Mining District GC Consolidated Production Data Ore Mined (tonnes) 256,079 87,768 343,847 213,748 89,472 303,220 Ore Milled (tonnes) Gold ore 8,476 — 8,476 10,893 — 10,893 Silver ore 212,766 86,454 299,220 197,916 86,286 284,202 221,242 86,454 307,696 208,809 86,286 295,095 Head Grades Silver (gram/tonne) 235 64 254 80 Lead (%) 3.1 0.9 3.6 1.4