UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 40-F
[ ] Registration statement pursuant to Section 12 of the Securities Exchange Act of 1934
or
[ X ] Annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934
For fiscal year ended: March 31, 2024 Commission File number: 001-34184
SILVERCORP METALS INC.
(Exact name of Registrant as specified in its charter)
British Columbia, Canada
(Province or Other Jurisdiction of Incorporation or Organization)
1041
(Primary Standard Industrial Classification Code Number, if applicable)
Not Applicable
(I.R.S. Employer Identification Number (if applicable))
Suite 1750 - 1066 West Hastings Street
Vancouver, British Columbia V6E 3X1, Canada
(604) 669-9397
Corporation Service Company
84 State Street, Boston MA 02109
617-227-9590
(Name, Address and Telephone Number of Agent for Service in the United States)
Copies to:
Christopher L. Doerksen
Dorsey & Whitney LLP
701 Fifth Avenue, Suite 6100
Seattle, Washington 98104
(206) 903-8800
Securities registered or to be registered pursuant to Section 12(b) of the Act:
Title of Each Class
Trading Symbol
Name of Each Exchange On Which Registered
Common Shares, without par value
SVM
NYSE American
Securities registered or to be registered pursuant to Section 12(g) of the Act: none
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: none
For annual reports, indicate by check mark the information filed with this Form:
[ X ] Annual information form
[ X ] Audited annual financial statements
eriod covered
by the annual report: 177,618,358
Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act
during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject
to such filing requirements in the past 90 days.
Yes [ X ] No [ ]
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant
was required to submit and post such files).
Yes [ X ] No [ ]
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.
Emerging growth company [ ]
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. [ ]
ectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report. [ X ]
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements.
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based
compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).
PRINCIPAL DOCUMENTS
The following documents, filed as Exhibits 99.1, 99.2 and 99.3 to this Annual Report on Form 40-F of Silvercorp Metals
Silvercorp
Company
-F:
(a)
Annual Information Form for the fiscal year ended March 31, 2024;
(b)
Discussion and Analysis for the fiscal year ended March 31, 2024; and
(c)
Audited Consolidated Financial Statements for the fiscal years ended March 31, 2024 and 2023 and notes
thereto, together with the reports of independent registered public accounting firm
Audited Consolidated Financial Statements included in this Annual Report on Form 40-F have been
prepared in accordance with International Financial Reporting Standards as issued by the International
Accounting Standards Board. Therefore, they are not comparable in all respects to financial statements of
United States companies that are prepared in accordance with United States generally accepted accounting
principles.
CERTIFICATIONS AND DISCLOSURE REGARDING CONTROLS AND PROCEDURES
(a)
Certifications. See Exhibits 99.4, 99.5, 99.6 and 99.7 to this Annual Report on Form 40-F.
(b)
Disclosure Controls and Procedures
fiscal year ended March 31, 2024, an
evaluation of the effectiveness of the
s
Rules 13a-15(e) and 15d-
principal executive officer and principal
ocedures are
effective to ensure that information required to be disclosed by the Company in reports that it files or submits under
the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in Securities
and Exc
decisions regarding required disclosure.
they do not expect that t
will prevent all errors or fraud. A control system, no matter how well conceived or operated, can provide only
reasonable, not absolute, assurance that the objectives of the control system are met.
(c)
. The required disclosure is included
in
24, filed as Exhibit 99.2 to this
Annual Report on Form 40-F.
(d)
Attestation Report of the Independent Registered Public Accounting Firm.
public accounting firm, Deloitte LLP (Vancouver, Canada PCAOB ID No. 1208), which audited the consolidated
financial statements included in this Annual Report on Form 40-
ended March 31, 2024, filed as Exhibit 99.3 to this Annual Report on Form 40-F.
(e)
Changes in Internal Control Over Financial Reporting.
over financial reporting during the period covered by this Annual Report on Form 40-F that has materially affected,
ncial reporting.
NOTICES PURSUANT TO REGULATION BTR
The Company was not required by Rule 104 of Regulation BTR to send any notices to any of its directors or
executive officers during the fiscal year ended March 31, 2024.
AUDIT COMMITTEE FINANCIAL EXPERT
expert (as such term is defined in Form 40-F) serving on its audit committee. The Board has determined that Ken Robertson
is the audit committee financial expert and he is independent (as determined under the rules of the NYSE American, LLC
NYSE American ).
Mr. Robertson holds a Bachelor of Commerce degree from McMaster University and is a Chartered Professional
Accountant with over 35 years of public accounting experience in Canada and England. He was a partner and the global
mining & metals group leader with EY, where he developed extensive experience in initial public offerings, financings,
governance, and securities regulatory compliance. Currently, Mr. Robertson is a director of Mountain Province Diamonds
Inc. and Gold Royalty Corporation. Mr. Robertson holds an ICD.D designation from the Institute of Corporate Directors.
CODE OF ETHICS
Code
financial officer, principal accounting officer or controller, and persons performing similar functions, are required to abide.
There were no amendments to the Code, or waivers of the Code that apply to the Company
principal financial officer, principal accounting officer or controller, or persons performing similar functions during the
fiscal
year
ended
March
31,
2024.
The
Code
is
http://www.silvercorpmetals.com/corporate-governance, and a copy of the Code may be obtained, without charge, by
contacting the Corporate Secretary of the Company at the address or telephone number indicated on the cover page of this
Annual Report on Form 40-F. If there is an amendment to the Code, or if a waiver of the Code is granted to any of the
performing similar functions, the Company intends to disclose any such amendment or waiver by posting such information
website shall not be deemed to be incorporated by reference in this Annual Report on Form 40-F.
PRINCIPAL ACCOUNTANT FEES AND SERVICES
The required disclosure is included under the heading
2024, filed as Exhibit 99.1 to this Annual
Report on Form 40-F.
AUDIT COMMITTEE PRE-APPROVAL POLICIES AND PROCEDURES
See Item 11. Audit Committee Pre-
o
Form, filed as Exhibit 99.1 to this Annual Report on Form 40-F. All audit-related fees, tax fees, or all other fees were
approved by the Audit Committee pursuant to Rule 2-01(c)(7)(i) of Regulation S-X. However, none of such fees were
approved pursuant to the exemption provided in Rule 2-01(c)(7)(i)(C) of Regulation S-X.
OFF-BALANCE SHEET ARRANGEMENTS
The Company does not have any off-balance sheet arrangements.
CONTRACTUAL AND OTHER OBLIGATIONS
Information regarding our contractual and other obligations is included in the Management Discussion
and Analysis incorporated herein by reference to Exhibit 99.3, under the headings Liquidity, Capital
Resources, and Contractual Obligations"
.
IDENTIFICATION OF THE AUDIT COMMITTEE
Ken Robertson, Marina Katusa, and
Paul Simpson. The Board has determined that each of the members of the Audit Committee is independent as determined
under Rule 10A-3 of the Exchange Act and Section 803 of the NYSE American company guide.
MINE SAFETY DISCLOSURE
The Company does not operate any mine in the United States and has no mine safety incidents to report for the year
ended March 31, 2024.
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
Not applicable.
RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION
Since the beginning of the last fiscal year, the Company has not been required to prepare an accounting restatement
an outstanding balance as of the end of the last completed fiscal year of erroneously awarded compensation to be recovered
from the application of the Clawback Policy to a prior restatement.
NYSE AMERICAN STATEMENT OF CORPORATE GOVERNANCE DIFFERENCES
The common shares of the Company are listed on the NYSE American. Section 110 of the NYSE American
company guide permits NYSE American to consider the laws, customs and practices of foreign issuers in relaxing certain
NYSE American listing criteria, and to grant exemptions from NYSE American listing criteria based on these
considerations.
followed by domestic companies pursuant to NYSE American
https://silvercorpmetals.com/corporate-governance/.
UNDERTAKING AND CONSENT TO SERVICE OF PROCESS
A.
Undertaking
Silvercorp Metals Inc. undertakes to make available, in person or by telephone, representatives to respond to
inquiries made by the Commission staff, and to furnish promptly, when requested to do so by the Commission staff,
information relating to: the securities in relation to which the obligation to file an annual report on Form 40-F arises; or
transactions in said securities.
B.
Consent to Service of Process
The Company has previously filed with the Commission an Appointment of Agent for Service of Process and
Undertaking on Form F-X with respect to the class of securities in relation to which the obligation to file this Form 40-F
arises.
Any change to the name or address of the agent for service of process of the Company shall be communicated
promptly to the Commission by an amendment to the Form F-X referencing the file number of the Company.
EXHIBITS
97
Clawback Policy
99.1
Annual Information Form of the Company for the year ended March 31, 2024
99.2
March 31, 2024
99.3
Consolidated Financial Statements comprised of Consolidated Statements of Financial Position as at March 31,
2024 and 2023, Consolidated Statements of Income, Comprehensive Income (Loss), Changes in Equity, and Cash
Flows for the years ended March 31, 2024 and 2023, and Notes to Consolidated Financial Statements
99.4
Certificate of Chief Executive Officer Pursuant to Rule 13a-14(a) of the Exchange Act
99.5
Certificate of Chief Financial Officer Pursuant to Rule 13a-14(a) of the Exchange Act
99.6
Certificate of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
906 of the Sarbanes-Oxley Act of 2002
99.7
Certificate of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of
the Sarbanes-Oxley Act of 2002
99.8
Consent of Deloitte LLP, Independent Registered Public Accounting Firm
99.9
Consent of Alan Riles
99.10
Consent of Herbert Smith
99.11
Consent of Genoa Vartell (formerly known as Adrienne Ross)
99.12
Consent of Dinara Nussipakynova
99.13
Consent of Guoliang Ma
99.14
Consent of Simeon Robinson
99.15
Consent of Rod Webster
99.16
Consent of Robert Chesher
99.17
NI 43-101 Technical Report Update on the Ying Ag-Pb-
China, dated effective September 20, 2022 (incorporated by reference from the
Current Report on
Form 6-K furnished to the SEC on November 7, 2022)
99.18
NI 43-101 Technical Report Update on the Gaocheng Ag-Zn-
Republic of China, dated effective March 31, 2021 (incorporated by reference from the
Current
Report on Form 6-K furnished to the SEC on October 7, 2021)
101.INS
XBRL Instance Document
101.SCH
XBRL Taxonomy Extension Schema Document
101.CAL
XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF
XBRL Taxonomy Definition Linkbase Document
101.LAB
XBRL Taxonomy Extension Label Linkbase Document
101.PRE
XBRL Taxonomy Extension Presentation Linkbase Document
104
Cover Page Interactive Data File (formatted as Inline XBRL contained in Exhibit 101)
SIGNATURES
Pursuant to the requirements of the Exchange Act, the Registrant certifies that it meets all of the requirements for
filing on Form 40-F and has duly caused this annual report to be signed on its behalf by the undersigned, thereto duly
authorized.
Date: June 4, 2024
SILVERCORP METALS INC.
By: _/s/ Rui Feng____________________________
Name: Dr. Rui Feng
Title: Chief Executive Officer
EXHIBIT 97
EXHIBIT 99.1
EXHIBIT 99.2
EXHIBIT 99.3
EXHIBIT 99.4
CERTIFICATION REQUIRED BY RULE 13a-14(a) OR RULE 15d-14(a), PURSUANT
TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Dr. Rui Feng, certify that:
1.
I have reviewed this Annual Report on Form 40-F of Silvercorp Metals Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly
present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods
presented in this report;
4.
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in
Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:
(a)
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the issuer, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly during the period in which this report
is being prepared;
(b)
designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with generally accepted
accounting principles;
(c)
our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered
by this report based on such evaluation; and
(d)
during the period covered by the annual report that has materially affected, or is reasonably likely to materially
control over financial reporting; and
5.
forming the
equivalent functions):
(a)
all significant deficiencies and material weaknesses in the design or operation of internal control over
and report financial information; and
(b)
any fraud, whether or not material, that involves management or other employees who have a significant
Date: June 4, 2024
__/s/ Rui Feng___________________________
Name: Dr. Rui Feng
Title: Chief Executive Officer
EXHIBIT 99.5
CERTIFICATION REQUIRED BY RULE 13a-14(a) OR RULE 15d-14(a), PURSUANT
TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Derek Liu, certify that:
1.
I have reviewed this Annual Report on Form 40-F of Silvercorp Metals Inc.;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly
present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods
presented in this report;
4.
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in
Exchange Act Rules 13a-15(f) and 15d-15(f)) for the issuer and have:
(a)
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the issuer, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly during the period in which this report
is being prepared;
(b)
designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external purposes in accordance with generally accepted
accounting principles;
(c)
our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered
by this report based on such evaluation; and
(d)
during the period covered by the annual report that has materially affected, or is reasonably likely to materially
control over financial reporting; and
5.
forming the
equivalent functions):
(a)
all significant deficiencies and material weaknesses in the design or operation of internal control over
and report financial information; and
(b)
any fraud, whether or not material, that involves management or other employees who have a significant
Date: June 4, 2024
_/s/ Derek Liu ___________________________
Name: Derek Liu
Title: Chief Financial Officer
EXHIBIT 99.6
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ENACTED PURSUANT TO
SECTION 906 OF THE U.S. SARBANES-OXLEY ACT OF 2002
Annual Report on Form 40-F for the fiscal year ended March 31, 2024
I, Dr. Rui Feng, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. section 1350, as enacted pursuant
to section 906 of the U.S. Sarbanes-Oxley Act of 2002, that to the best of my knowledge:
i.
the Report fully complies with the requirements of section 13(a) or 15(d) of the U.S. Securities Exchange
Act of 1934; and
ii.
the information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Company.
Date: June 4, 2024
/s/ Rui Feng
Name: Dr. Rui Feng
Title:
Chief Executive Officer
EXHIBIT 99.7
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ENACTED PURSUANT TO
SECTION 906 OF THE U.S. SARBANES-OXLEY ACT OF 2002
Annual Report on Form 40-F for the fiscal year ended March 31, 2024
I, Derek Liu, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. section 1350, as enacted pursuant to
section 906 of the U.S. Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:
i.
the Report fully complies with the requirements of section 13(a) or 15(d) of the U.S. Securities Exchange
Act of 1934; and
ii.
the information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Company.
Date: June 4, 2024
/s/ Derek Liu
Name: Derek Liu
Title:
Chief Financial Officer
EXHIBIT 99.8
Exhibit 99.8
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in Registration Statement No. 333-162546 on Form S-8 and to the use of
effectiveness of Silver
-F for the
year ended March 31, 2024.
/s/Deloitte LLP
Chartered Professional Accountants
June 4, 2024
Vancouver, Canada
EXHIBIT 99.9
CONSENT OF EXPERT
Reference is made to the Annual Report on Form 40-F, and the documents incorporated by reference therein, of Silvercorp
Metals Inc. for the fiscal year ended March 31, 2024
-
re filed as exhibits to and incorporated by reference
in the 40-F, and the Registration Statement on Form S-8 (Registration No. 333-162546) of Silvercorp Metals Inc. filed with
Registration Statement
I hereby consent to the use of my name and references to, excerpts from, and summaries of, the following reports:
Technical Report titled NI 43-101 Technical Report Update on the Ying Ag-Pb-Zn Property in Henan Province,
September 20, 2022; and
NI 43-101 Technical Report Update on the Gaocheng Ag-Zn-Pb Project in Guangdong
prepared for Silvercorp Metals Inc., dated effective March 31, 2021
in the 40-F, the AIF, the MD&A and the Registration Statement.
_/s/ Alan Riles _______________________
Alan Riles, B.Met, MAIG
June 4, 2024
EXHIBIT 99.10
CONSENT OF EXPERT
Reference is made to the Annual Report on Form 40-F, and the documents incorporated by reference therein, of Silvercorp
Metals Inc. for the fiscal year ended March 31, 2024
-
re filed as exhibits to and incorporated by reference
in the 40-F, and the Registration Statement on Form S-8 (Registration No. 333-162546) of Silvercorp Metals Inc. filed with
.
I hereby consent to the use of my name and references to, excerpts from, and summaries of (i) the mineral reserve estimates
for the Ying and Gaocheng property and (ii) the following reports:
Technical Report titled NI 43-101 Technical Report Update on the Ying Ag-Pb-Zn Property in Henan Province,
prepared for Silvercorp Metals Inc., dated effective September 20, 2022; and
NI 43-101 Technical Report Update on the Gaocheng Ag-Zn-Pb Project in Guangdong
prepared for Silvercorp Metals Inc., dated effective March 31, 2021
in the 40-F, the AIF, the MD&A and the Registration Statement.
_/s/ Herbert Smith _______________________
Herbert Smith, P.Eng.
And on behalf of AMC Mining Consultants (Canada) Ltd.
June 4, 2024
EXHIBIT 99.11
CONSENT OF EXPERT
Reference is made to the Annual Report on Form 40-F, and the documents incorporated by reference therein, of Silvercorp
Metals Inc. for the fiscal year ended March 31, 2024
-
re filed as exhibits to and incorporated by reference
in the 40-F, and the Registration Statement on Form S-8 (Registration No. 333-162546) of Silvercorp Metals Inc. filed with
.
I hereby consent to the use of my name and references to, excerpts from, and summaries of, the following reports:
Technical Report titled NI 43-101 Technical Report Update on the Ying Ag-Pb-Zn Property in Henan Province,
September 20, 2022; and
NI 43-101 Technical Report Update on the Gaocheng Ag-Zn-Pb Project in Guangdong
prepared for Silvercorp Metals Inc., dated effective March 31, 2021
in the 40-F, the AIF, the MD&A and the Registration Statement.
_/s/ Genoa Vartell________________
Genoa Vartell, formerly Adrienne Ross, P.Geo.
And on behalf of AMC Mining Consultants (Canada) Ltd.
June 4, 2024
EXHIBIT 99.12
CONSENT OF EXPERT
Reference is made to the Annual Report on Form 40-F, and the documents incorporated by reference therein, of Silvercorp
Metals Inc. for the fiscal year ended March 31, 2024
-
re filed as exhibits to and incorporated by reference
in the 40-F, and the Registration Statement on Form S-8 (Registration No. 333-162546) of Silvercorp Metals Inc. filed with
.
I hereby consent to the use of my name and references to, excerpts from, and summaries of (i) the mineral resource estimates
for the GC Property and (ii) the following report:
NI 43-101 Technical Report Update on the Gaocheng Ag-Zn-Pb Project in Guangdong
prepared for Silvercorp Metals Inc., dated effective March 31, 2021
in the 40-F, the AIF, the MD&A and the Registration Statement.
_/s/ Dinara Nussipakynova_______________
Dinara Nussipakynova, P.Geo.
June 4, 2024
EXHIBIT 99.13
CONSENT OF EXPERT
Reference is made to the Annual Report on Form 40-F, and the documents incorporated by reference therein, of Silvercorp
Metals Inc. for the fiscal year ended March 31, 2024
-
States
in the 40-F, and the Registration Statement on Form S-8 (Registration No. 333-162546) of Silvercorp Metals Inc. filed with
.
I hereby consent to the use of my name and references to, and the information derived from:
Scientific and technical information contained in, or incorporated by reference;
Technical Report titled NI 43-101 Technical Report Update on the Ying Ag-Pb-Zn Property in Henan Province,
2022; and
-101 Technical Report Update on the Gaocheng Ag-Zn-Pb Project in Guangdong
1
in the 40-F, the AIF, the MD&A and the Registration Statement.
_ /s/ Guoliang Ma _____________
Guoliang Ma, P.Geo.
June 4, 2024
EXHIBIT 99.14
CONSENT OF EXPERT
Reference is made to the Annual Report on Form 40-F, and the documents incorporated by reference therein, of Silvercorp
Metals Inc. for the fiscal year ended March 31, 2024
-
re filed as exhibits to and incorporated by reference
in the 40-F, and the Registration Statement on Form S-8 (Registration No. 333-162546) of Silvercorp Metals Inc. filed with
.
I hereby consent to the use of my name and references to, excerpts from, and summaries of, the following reports:
Technical Report titled NI 43-101 Technical Report Update on the Ying Ag-Pb-Zn Property in Henan Province,
September 20, 2022; and
NI 43-101 Technical Report Update on the Gaocheng Ag-Zn-Pb Project in Guangdong
prepared for Silvercorp Metals Inc., dated effective March 31, 2021
in the 40-F, the AIF, the MD&A and the Registration Statement.
_/s/ Simeon Robinson___________
Simeon Robinson, P.Geo.
And on behalf of AMC Mining Consultants (Canada) Ltd.
June 4, 2024
EXHIBIT 99.15
CONSENT OF EXPERT
Reference is made to the Annual Report on Form 40-F, and the documents incorporated by reference therein, of Silvercorp
Metals Inc. for the fiscal year ended March 31, 2024
-
re filed as exhibits to and incorporated by reference
in the 40-F, and the Registration Statement on Form S-8 (Registration No. 333-162546) of Silvercorp Metals Inc. filed with
.
I hereby consent to the use of my name and references to, excerpts from, and summaries of (i) the mineral resource estimates
for the SGX, HPG, LMW and LME deposits and (ii) the following report:
Technical Report titled NI 43-101 Technical Report Update on the Ying Ag-Pb-Zn Property in Henan Province,
September 20, 2022.
in the 40-F, the AIF, the MD&A and the Registration Statement.
_ /s/ Rod Webster ____________
Rod Webster, MAIG
June 4, 2024
EXHIBIT 99.16
CONSENT OF EXPERT
Reference is made to the Annual Report on Form 40-F, and the documents incorporated by reference therein, of Silvercorp
Metals Inc. for the fiscal year ended March 31, 2024
-
re filed as exhibits to and incorporated by reference
in the 40-F, and the Registration Statement on Form S-8 (Registration No. 333-162546) of Silvercorp Metals Inc. filed with
.
I hereby consent to the use of my name and references to, excerpts from, and summaries of, the following report in the 40-
F, the AIF, the MD&A and the Registration Statement:
Technical Report titled NI 43-101 Technical Report Update on the Ying Ag-Pb-Zn Property in Henan Province,
September 20, 2022.
_/s/ Robert Chesher_________
Robert Chesher, FAusIMM(CP)
And on behalf of AMC Mining Consultants (Canada) Ltd.
June 4, 2024