# EDGAR Filing Document

**Accession Number:** 0001340677
**File Stem:** 0001104659-25-121060
**Filing Date:** 2025-12
**Character Count:** 59202
**Document Hash:** aa19de8008227c0e9f08bbd67d3cc97e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-121060.hdr.sgml**: 20251215

**ACCESSION NUMBER**: 0001104659-25-121060

**CONFORMED SUBMISSION TYPE**: SD

**PUBLIC DOCUMENT COUNT**: 16

**FILED AS OF DATE**: 20251215

**DATE AS OF CHANGE**: 20251215

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SILVERCORP METALS INC
- **CENTRAL INDEX KEY:** 0001340677
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A1
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** SD
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34184
- **FILM NUMBER:** 251571017

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUITE 1750
- **STREET 2:** 1066 W. HASTINGS STREET
- **CITY:** VANCOUVER
- **NON US STATE TERRITORY:** BRITISH COLUMBIA
- **PROVINCE COUNTRY:** A1
- **ZIP:** V6E 3X1
- **BUSINESS PHONE:** 6046699397

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** SUITE 1750
- **STREET 2:** 1066 W. HASTINGS STREET
- **CITY:** VANCOUVER
- **NON US STATE TERRITORY:** BRITISH COLUMBIA
- **PROVINCE COUNTRY:** A1
- **ZIP:** V6E 3X1

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM SD**

**Specialized Disclosure Report**

**SILVERCORP METALS INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **British Columbia, Canada** | **001-34184** | **Not applicable** |
| (State or other jurisdiction of<br>incorporation or organization) | (Commission File Number) | (IRS Employer<br>Identification No.) |

---

---

| | |
|:---|:---|
| **Suite 1750 - 1066 West Hastings Street**<br>**Vancouver, British Columbia, Canada** | **V6E 3X1** |
| (Address of principal executive offices) | (Zip Code) |

---

**Jonathan Hoyles**

**(604) 669-9397**

(Name and telephone number, including area code, of person to contact in connection with this report)

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ___________.

🗷&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended March 31, 2025.

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**SECTION 1 – Conflict Minerals Disclosure**

**Item 1.01 - Conflict Minerals Disclosure and Report**

Not applicable

**Item 1.02 - Exhibit**

Not applicable

**SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE**

**Item 2.01 Resource Extraction Issuer Disclosure and Report**

Silvercorp Metals Inc. ("Silvercorp") is subject to Canada's Extractive Sector Transparency Measures Act ("ESTMA"). Silvercorp is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended March 31, 2025 to satisfy the requirements of Item 2.01. Silvercorp's ESTMA report is available on Silvercorp's website at https://silvercorpmetals.com/estma/ or on the Government of Canada's website at https://natural-resources.canada.ca/our-natural-resources/minerals-mining/services-for-the-mining-industry/extractive-sector-transparency-measures-act/links-estma-reports/18198. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

**SECTION 3 – EXHIBITS**

**Item 3.01. Exhibits**

The following exhibit is filed as part of this report.

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 2.01 | [Extractive Sector Transparency Measures Act – Annual Report for the year ended March 31, 2025](tmb-20251215xex2.htm) |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned.

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| | | |
|:---|:---|:---|
| **SILVERCORP METALS INC.** | **SILVERCORP METALS INC.** |  |
| By: | /s/ Jonathan Hoyles | December 15, 2025 |
|  | Jonathan Hoyles | (Date) |
|  | General Counsel |  |

---

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## Exhibit 2.01

?xml version='1.0' encoding='ASCII'? Silvercorp Metals Inc._2025-03-31

**Exhibit 2.01**

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** |  |  |  |  |
| **Reporting Entity Name** | Silvercorp Metals Inc. | Silvercorp Metals Inc. | Silvercorp Metals Inc. | Silvercorp Metals Inc. | Silvercorp Metals Inc. | Silvercorp Metals Inc. |  |  |  |  |
| **Reporting Year** | **From** | 2024-04-01 | **To:** | 2025-03-31 | **Date submitted** | 2025-08-13 |  |  |  |  |
| **Reporting Entity** **ESTMA** **Identification Number** | E603234 | E603234 | &nbsp;&nbsp;![Graphic](tmb-20251215xex2003.jpg) Original Submission<br>![Graphic](tmb-20251215xex2004.jpg) Amended Report | &nbsp;&nbsp;![Graphic](tmb-20251215xex2003.jpg) Original Submission<br>![Graphic](tmb-20251215xex2004.jpg) Amended Report |  |  |  |  |  |  |
| **Other Subsidiaries Included** (optional field) |  |  |  |  |  |  |  |  |  |  |
| **Not Consolidated** |  |  |  |  |  |  |  |  |  |  |
| **Not Substituted** |  |  |  |  |  |  |  |  |  |  |
| **Attestation by Reporting Entity** |  |  |  |  |  |  |  |  |  |  |
| *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* |  |  |  |  |
| *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* |  |  |  |  |
| *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* |  |  |  |  |
| *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | **Full Name of Director or Officer of Reporting Entity** | **Derek Liu** | **Date** | *2025-08-13* |
| *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | *In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.* | **Position Title** | **Chief Financial Officer** | **Date** | *2025-08-13* |

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** |
| **Reporting Year** | **From:** | 2024-04-01 | **To:**  | 2025-03-31 |  |  |  |  |  |  |  |
| **Reporting Entity Name** | &nbsp;&nbsp;&nbsp;&nbsp;Silvercorp Metals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;Silvercorp Metals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;Silvercorp Metals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;Silvercorp Metals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;Silvercorp Metals Inc. | **Currency of the Report** | USD | USD |  |  |  |
| **Reporting Entity ESTMAIdentification Number** | E603234 | E603234 | E603234 | E603234 | E603234 |  |  |  |  |  |  |
| **Subsidiary ReportingEntities (if necessary)** |  |  |  |  |  |  |  |  |  |  |  |
| **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** | **Payments by Payee** |
| **Country** | **Payee Name**<sup>1</sup> | **Departments, Agency, etc…within Payee that ReceivedPayments**<sup>2</sup> | **Taxes** | **Royalties** | **Fees** | **Production Entitlements** | **Bonuses** | **Dividends** | **InfrastructureImprovement Payments** | **Total Amount paid toPayee** | **Notes**<sup>34</sup> |
| China | Government of Henan Province | Henan Taxation Bureau | 15455087 | 19248883 | 2591155 |  |  |  |  | 37295125 | Reporting currency is in USD and actual payments made in China are in RMB |
| China | Government of Guangdong Province | Guangdong Taxation Bureau | 276563 | 871521 | 652401 |  |  |  |  | 1800485 | Reporting currency is in USD and actual payments made in China are in RMB |
| Ecuador | Government of Ecuador | Internal Revenue Service |  |  | 1004082 |  |  |  |  | 1004082 |  |
| **Additional Notes:** | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> |

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** | **Extractive Sector Transparency Measures Act - Annual Report** |
| **Reporting Year** | **From:** | 2024-04-01 | **To:** | 2025-03-31 |  |  |  |  |  |  |
| **Reporting Entity Name** | Silvercorp Metals Inc. | Silvercorp Metals Inc. | Silvercorp Metals Inc. | Silvercorp Metals Inc. | Silvercorp Metals Inc. | **Currency of the Report** | USD | USD |  |  |
| **Reporting Entity ESTMAIdentification Number** | E603234 | E603234 | E603234 | E603234 | E603234 |  |  |  |  |  |
| **Subsidiary ReportingEntities (if necessary)** |  |  |  |  |  |  |  |  |  |  |
| **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** | **Payments by Project** |
| **Country** | **Project Name**<sup>1</sup> | **Taxes** | **Royalties** | **Fees** | **Production Entitlements** | **Bonuses** | **Dividends** | **InfrastructureImprovement Payments** | **Total Amount paid byProject** | **Notes**<sup>23</sup> |
| China | Ying Mining District | &nbsp;&nbsp;&nbsp;15455087 | &nbsp;&nbsp;&nbsp;19248883 | &nbsp;&nbsp;&nbsp;2591155 |  |  |  |  | &nbsp;&nbsp;&nbsp;37295125 | Reporting currency is in USD and actual payments made in China are in RMB  |
| China | GC | &nbsp;&nbsp;&nbsp;276563 | &nbsp;&nbsp;&nbsp;871521 | &nbsp;&nbsp;&nbsp;652401 |  |  |  |  | &nbsp;&nbsp;&nbsp;1800485 | Reporting currency is in USD and actual payments made in China are in RMB |
| Ecuador | El Domo |  |  | &nbsp;&nbsp;&nbsp;349271 |  |  |  |  | &nbsp;&nbsp;&nbsp;349271 |  |
| Ecuador | Condor |  |  | &nbsp;&nbsp;&nbsp;241009 |  |  |  |  | &nbsp;&nbsp;&nbsp;241009 |  |
| Ecuador | Other |  |  | &nbsp;&nbsp;&nbsp;413802 |  |  |  |  | &nbsp;&nbsp;&nbsp;413802 |  |
| **Additional Notes**<sup>3</sup>**:** | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> | <sup>When payments are made in RMB, they were converted into USD dollars using the weighted average of the exchange rate during the reporting period. The weighted average exchange rate for the period from Apirl 1, 2023 to March 31, 2024 was $1 USD = 7.1663 RMB.</sup> |

---

## Exhibit 2.01

```

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          <loc xlink:type="locator" xlink:href="#svm_YingMiningDistrictProjectMember" xlink:label="svm_YingMiningDistrictProjectMember_639014211646243475" />
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        </presentationLink>
        <presentationLink xlink:role="http://xbrl.sec.gov/rxp/role/ByGovernment" xlink:type="extended" xlink:title="995602 - Disclosure - Payments, by Government" xmlns="http://www.xbrl.org/2003/linkbase">
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        <presentationLink xlink:role="http://xbrl.sec.gov/rxp/role/Detail" xlink:type="extended" xlink:title="995603 - Disclosure - Payments, Details" xmlns="http://www.xbrl.org/2003/linkbase" />
      </link:linkbase>
    </xsd:appinfo>
  </xsd:annotation>
  <xsd:import namespace="http://xbrl.sec.gov/country/2025" schemaLocation="https://xbrl.sec.gov/country/2025/country-2025.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/dei/2025" schemaLocation="https://xbrl.sec.gov/dei/2025/dei-2025.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd" />
  <xsd:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/rxp/2025" schemaLocation="https://xbrl.sec.gov/rxp/2025/rxp-2025.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/snj/2025" schemaLocation="https://xbrl.sec.gov/snj/2025/snj-2025.xsd" />
  <xsd:element name="YingMiningDistrictProjectMember" id="svm_YingMiningDistrictProjectMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="GuangdongCaijiayingMineProjectMember" id="svm_GuangdongCaijiayingMineProjectMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ElDomoProjectMember" id="svm_ElDomoProjectMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CondorProjectMember" id="svm_CondorProjectMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="OtherProjectMember" id="svm_OtherProjectMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="GovernmentOfHenanProvinceMember" id="svm_GovernmentOfHenanProvinceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="GovernmentOfGuangdongProvinceMember" id="svm_GovernmentOfGuangdongProvinceMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="GovernmentOfEcuadorMember" id="svm_GovernmentOfEcuadorMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
</xsd:schema>
</XBRL>

```