05:33 PM EST, 12/22/2025 (MT Newswires) -- Silvercorp Metals ( SVM ) was at last look up 0.6% in US aftermarket trade, and has touched 52 week highs,

as it reported results from a Preliminary Economic Assessment (PEA) for its Condor gold project in Ecuador.

Highlights from the PEA include: after-tax net present value of US$522 million and an after-tax internal rate of return of 29%; the project is expected to have a 13-year mine life and produce nearly 1.4 million ounces of payable gold, 5.3 million ounces of silver, 95.7 million pounds of zinc, and 8.45 million pounds of lead. Also: Initial capital costs are estimated at US$292 million, with a post-tax payback of three years starting from commercial production and average LOM all-in sustaining cost of $1,258/oz net of by-product credits.

"The PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. As such, there is no certainty that the PEA will be realized," the company said.