Form SD - Specialized disclosure report

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)

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

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

Rui Feng

(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:

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

ý Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended March 31, 2024.

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, 2024 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.

Exhibit Number		Description

2.01		Extractive Sector Transparency Measures Act – Annual Report for the year ended March 31, 2024

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.

SILVERCORP METALS INC.

By:	/s/ Rui Feng	January 10, 2025
	Rui Feng	(Date)
	Chief Executive Officer

Exhibit 2.01

Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name	Silvercorp Metals Inc.
Reporting Year	From	2023-04-01	To:	2024-03-31	Date submitted	2024-06-07
Reporting Entity ESTMA Identification Number	E603234		Original Submission 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.


Full Name of Director or Officer of Reporting Entity	Derek Liu				Date	2024-06-06
Position Title	Chief Financial Officer

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year	From:	2023-04-01	To:	2024-03-31
Reporting Entity Name			Silvercorp Metals Inc.			Currency of the Report	USD
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	12,536,314	4,587,521	2,168,915					19,292,750	Reporting currency is in USD and actual payments made in China are in RMB
China	Government of Guangdong Province	Guangdong Taxation Bureau	847,450	687,060	464,409					1,998,919	Reporting currency is in USD and actual payments made in China are in RMB





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:	2023-04-01	To:	2024-03-31
Reporting Entity Name			Silvercorp Metals Inc.			Currency of the Report	USD
ESTMA Identification			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	12,536,314	4,587,521	2,168,915					19,292,750	Reporting currency is in USD and actual payments made in China are in RMB
China	GC	847,450	687,060	464,409					1,998,919	Reporting currency is in USD and actual payments made in China are in RMB






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.

Document Information	12 Months Ended
Document Information	Mar. 31, 2024
Document Information:
Document Type	2.01 SD
Amendment	false
CIK	0001340677
Registrant Name	SILVERCORP METALS INC
Period End Date	Mar. 31, 2024
Reporting Currency	USD

Payments, by Category - USD ($)	Taxes	Royalties	Fees	Total Payments
Total	$ 13,383,764	$ 5,274,581	$ 2,633,324	$ 21,291,669

Payments, by Project - 12 months ended Mar. 31, 2024 - USD ($)	Taxes	Royalties	Fees	Total Payments
Total	$ 13,383,764	$ 5,274,581	$ 2,633,324	$ 21,291,669
Ying Mining District [Member]
Total	12,536,314	4,587,521	2,168,915	19,292,750
GC [Member]
Total	$ 847,450	$ 687,060	$ 464,409	$ 1,998,919

Payments, by Government - 12 months ended Mar. 31, 2024 - USD ($)	Taxes	Royalties	Fees	Total Payments
Total	$ 13,383,764	$ 5,274,581	$ 2,633,324	$ 21,291,669
Henan Taxation Bureau [Member]
Total	12,536,314	4,587,521	2,168,915	19,292,750
Guangdong Taxation Bureau [Member]
Total	$ 847,450	$ 687,060	$ 464,409	$ 1,998,919

Payments, Details - 12 months ended Mar. 31, 2024 - USD ($)	Amount	Type	Country	Subnat. Juris.	Govt.	Project	Resource	Segment	Ext. Method
#: 1
	$ 12,536,314	Taxes	CHINA	Henan Sheng	Henan Taxation Bureau [Member]	Ying Mining District [Member]	“Silver”, “Lead”, “Zinc” and “Gold” [Member]	Mining [Member]	Underground Mining
#: 2
	4,587,521	Royalties	CHINA	Henan Sheng	Henan Taxation Bureau [Member]	Ying Mining District [Member]	“Silver”, “Lead”, “Zinc” and “Gold” [Member]	Mining [Member]	Underground Mining
#: 3
	2,168,915	Fees	CHINA	Henan Sheng	Henan Taxation Bureau [Member]	Ying Mining District [Member]	“Silver”, “Lead”, “Zinc” and “Gold” [Member]	Mining [Member]	Underground Mining
#: 4
	847,450	Taxes	CHINA	Guangdong Sheng	Guangdong Taxation Bureau [Member]	GC [Member]	“Silver”, “Lead” and “Zinc” [Member]	Mining [Member]	Underground Mining
#: 5
	687,060	Royalties	CHINA	Guangdong Sheng	Guangdong Taxation Bureau [Member]	GC [Member]	“Silver”, “Lead” and “Zinc” [Member]	Mining [Member]	Underground Mining
#: 6
	$ 464,409	Fees	CHINA	Guangdong Sheng	Guangdong Taxation Bureau [Member]	GC [Member]	“Silver”, “Lead” and “Zinc” [Member]	Mining [Member]	Underground Mining