Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

Silvercorp Metals Inc.

Reporting Year

From

2024-04-01

To:

2025-03-31

Date submitted

2025-08-13

Reporting Entity ESTMA Identification Number

E603234

Original Submission
Amended Report

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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.

Full Name of Director or Officer of Reporting Entity

Derek Liu

Date

2025-08-13

Position Title

Chief Financial Officer

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

2024-04-01

To:

2025-03-31

Reporting Entity Name

Silvercorp Metals Inc.

Currency of the Report

USD

Reporting Entity ESTMA
Identification Number

E603234

Subsidiary Reporting
Entities (if necessary)

Payments by Payee

Country

Payee Name¹

Departments, Agency, etc…
within Payee that Received
Payments²

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure
Improvement Payments

Total Amount paid to
Payee

Notes³⁴

China

Government of Henan Province

Henan Taxation Bureau

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15,455,087

19,248,883

2,591,155

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37,295,125

Reporting currency is in USD and actual payments made in China are in RMB

China

Government of Guangdong Province

Guangdong Taxation Bureau

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276,563

871,521

652,401

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1,800,485

Reporting currency is in USD and actual payments made in China are in RMB

Ecuador

Government of Ecuador

Internal Revenue Service

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1,004,082

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1,004,082

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Additional Notes:

^{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.}

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

2024-04-01

To:

2025-03-31

Reporting Entity Name

Silvercorp Metals Inc.

Currency of the Report

 USD

Reporting Entity ESTMA
Identification Number

E603234

Subsidiary Reporting
Entities (if necessary)

Payments by Project

Country

Project Name¹

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure
Improvement Payments

Total Amount paid by
Project

Notes²³

China

Ying Mining District

15,455,087

19,248,883

2,591,155

​

37,295,125

Reporting currency is in USD and actual payments made in China are in RMB 

China

GC

276,563

871,521

652,401

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​

​

1,800,485

Reporting currency is in USD and actual payments made in China are in RMB

Ecuador

El Domo

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349,271

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349,271

Ecuador

Condor

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241,009

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241,009

Ecuador

Other

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413,802

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413,802

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Additional Notes³:

^{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.}