Silvercorp Metals Inc. Corporate Presentation Jan 2018

1. Corporate Presentation
January 18, 2018
SVM:TSX/NYSE AMERICAN

2. FORWARD LOOKING STATEMENTS
Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995:
Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not
limited to those with respect to the price of silver, lead and zinc, the possibility, timing and amount of estimated future production,
costs of production, reserve determination and reserve conversion rates involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievement of Silvercorp to be materially different from any future
results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among
others, risks related to international operations, risks related to Chinese government issuance of mining and related development
permits, risks related to joint venture operations, the actual results of current exploration activities, conclusions of economic
evaluations, changes in project parameters as plans continue to be refined, future prices of silver, lead and zinc, as well as other
Risk Factors.
Although Silvercorp has attempted to identify important factors that could cause actual results to differ materially, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements
will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements.
The shares of Silvercorp Metals Inc. trade on the Toronto Stock Exchange (TSX: SVM) and NYSE American (NYSE American:
SVM). The TSX and NYSE have not approved or disapproved the form or content of this presentation.
Cautionary Note To U.S. Investors Concerning Estimates Of Measured, Indicated And Inferred Resources
This presentation uses the terms “Measured”, “Indicated” and Inferred” Resources. U.S. investors are advised that while such
terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize them.
“Inferred Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal
feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. Under
Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. investors are
cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into reserves. U.S.
investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally
mineable.
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3. SVM:TSX/NYSE AMERICAN 3
Ying Mining District, Henan Province
GC Project, Guangdong Province
CHINA’S PREMIER SILVER PRODUCER
BYP Mine,
Hunan Province
(On Care and
Maintenance)
Historical Production (April 2006- March 2017)
Silver: 52.6 Million Ounces
Lead+Zinc: 773 Million lbs
Profit Distribution*: US$360 million
Fiscal 2017 (April 2016-March 2017)
Silver: 6.5 Million Ounces
Lead+Zinc: ~89 Million lbs
Net Profit: US$43 million
Operating Cash flow: US$79 million
>15 year mine life remaining
* Profit distribution from Ying Mining District

4. 54 MILLION OUNCES SILVER PRODUCED OVER 11 YEARS
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*Silvercorp’s fiscal year is ended on March 31
**F2018E equals actual production from April – September 2017 plus production guidance from October 2017 – March 2018

5. 794 MILLION POUNDS LEAD AND ZINC PRODUCED OVER 11 YEARS
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*Silvercorp’s fiscal year is ended on March 31
**F2018E equals actual production from April – September 2017 plus production guidance from October 2017 – March 2018

6. RECENT FINANCIAL PERFORMANCE
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▸ Cash + short-term
investments:
US$98.6 Million (as
at Sep. 30, 2017)
▸ Reinstatement of
dividend
US$0.02/year
▸ No Receivables
(Smelters pay for
concentrate in
advance)
▸ No Debt
*Silvercorp’s fiscal year is ended on March 31

7. PROFITABILITY PERFORMANCE
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8. SILVER PRICE IMPACT ON THE VALUE & PROFIT OF PER TONNE ORE
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9. SALES MIX BY METALS
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▸ GC Project
contributed
increased revenue
for Lead and Zinc
since Q3 2014
▸ Recent Lead and
Zinc price increases
boosted Lead and
Zinc revenues

10. IMPROVED AND STEADY HEAD GRADES AT YING MINING DISTRICT
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11. QUARTERLY FREE CASH FLOW
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12. QUARTERLY REVENUE VS REALIZED SILVER PRICE
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13. QUARTERLY ADJUSTED NET INCOME (LOSS)
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14. STEADY & REDUCED SHARES OUTSTANDING
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15. COMPARISON WITH PEERS: FREE CASH FLOW PER SHARE AND MULTIPLES
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16. COMPARISON WITH PEERS: ALL- IN SUSTAINING COST
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* All-in sustaining cost per ounce of silver, net of by-product credits.

17. COMPARISON WITH PEERS: RETURN ON EQUITY
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18. COMPARISON WITH PEERS: GROSS PROFIT MARGIN
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19. GROWTH： GROW SHARES OUTSTANDING OR FREE CASH FLOW?
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* Free cash flow=operating cash flow-capital expenditures-capital lease payment
* Silvercorp announced a Normal Course Issuer Bid to acquire up to 8,409,712, common shares,
representing approximately 5% the 168,194,254 common shares issued and outstanding as of November
16, 2017. The repurchase program will run from November 27, 2017 to November 26, 2018.

20. ADOPT NEW INFORMATION TOOL “ENTERPRISE BLOG” IN OPERATION
Improvement in the head grades of metals can be attributed in part to an internal
“Enterprise Blog” (EB) system in the management of Mine Production and
Safety Information.
“EB” system is an internet social media system that makes the collection,
distribution and flow of the work related knowledge and information easy and
transparent for parties at different locations.
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REDUCES DILUTION & IMPROVES SAFETY
This supporting photo posted by frontline
technicians shows an inspected stope with
clearly marked ore boundaries and drill hole
locations.
This supporting photo posted by an onsite
technician clearly shows the CO reading for the
stope is less that 24 ppm as required by the
government.

21. YING MINING DISTRICT IN HENAN: SILVERCORP’S FLAGSHIP ASSET
▸Flagship Ying District consists of underground mines (SGX, TLP, LM, and HPG)
–over 200 veins identified
▸68.74km2 land package
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▸On-going drilling has increased
mine life to over 15 years after
10 year’s production
▸produced 52 million Oz silver plus
727 million lbs of Lead+Zinc
since 2006
▸Two centralized mills with 3,200
t/d capacity
▸6 smelters within 200km of the
district
▸Opportunity for further
acquisitions in local area
* The flagship Ying Mine and the TLP Mine are held by Henan Found Mining Ltd., owned 77.5% by Silvercorp

22. GC MINE IN GUANGDONG: THE SECOND MINE
Our Newest Mine
▸ Commercial production commenced in
2014
▸ Underground silver/zinc mine
▸ Excellent infrastructure and access
▸ Profitable operations
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Main Access Ramp

23. BYP GOLD MINE : PREPARING FOR PRODUCTION
Status:
▸Suspended mining operations
in August 2014
▸Capital requirements for
upgrades to sustain ongoing
production are being
considered
▸Continues to review
alternatives for this project
▸To bring it back to production
may cost US$10 million
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500 tpd Mill at the BYP Mine

24. GROWING RESERVES & RESOURCES
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1 Excludes Lead and Zinc. Gold was converted to Silver equivalent at a rate of 65:1.
2 Measured & Indicated Resources Inclusive of Reserves. See Appendix III, IV and V for breakout of Measured, Indicated and Inferred, Proven and Probable
categories.

25. STEADY PRODUCTION AND COST CONTROL SUPPORT “QUALITY GROWTH”
Current Production:
▸Maintain steady production, with stable or reduced cost
Growth:
▸Grow existing assets organically through drilling
▸Bring BYP back to production
▸Acquired ~29.9% equity interest in New Pacific Metals Corp. (TSX-V: NUAG)
▸Acquire high grade exploration project with resource defined that can quickly be
brought into profitable operation with reasonable capital expenditures
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26. FY 2018 PRODUCTION GUIDANCE
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FY2018 Guidance + 6 Month Actual*
Project
Ying Mining District GC Mine Grand Total
FY2018E
6 Month
Actual
FY2018E
6 Month
Actual
FY2018E
6 Month
Actual
Ore processed
(tonnes)
650,000 333,701 250,000 130,677 900,000 464,378
Head Grades
Silver (gram per
tonne)
275 299 90 100
Lead (%) 4.2 4.4 1.5 1.5
Zinc (%) 0.9 0.8 2.6 2.7
Metal Sales
Silver (million
ounces)
5.3 2.8 0.4 0.3 5.7 3.1
Lead (million pounds) 56 29.0 7.1 3.8 63.1 32.8
Zinc (million pounds) 6 3.0 12.3 7.6 18.3 10.6
* Current fiscal year ending March 31, 2018

27. FY2018 CAPITAL EXPENDITURE GUIDANCE
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(CURRENT FISCAL YEAR ENDING MAR 31, 2018)*
Mines/
Projects
Mine Development and Tunneling**
Facilities/
Land Usage/
Equipment***
Total US$million
Amount
(US$million)
work
(meters)
Amount
(US$million)
FY2018
6 Month
Actual
FY2018
6 Month
Actual
FY2018
6 Month
Actual
FY2018
6 Month
Actual
Ying Mining
District
19.5 10.2 66,000 35,848 2.0 1.4 21.5 11.6
GC Mine 0.5 0.2 300 263 0.5 0.2 1.0 0.4
Total Budget 20.0 10.4 66,300 36,111 2.5 1.6 22.5 12
* Includes sustaining capital
** For FY2018, total tunneling at Ying Mining District is budgeted at 83,000 meters, of which 66,000 meters will be capitalized and 17,000 meters will be expensed.
Total tunneling at GC mine is budgeted at 10,000 meters, of which 300 meters will be capitalized and 9,700 meters will be expensed.
*** For FY2018, total drilling at Ying Mining District and GC mine is budgeted at 76,000 meters and 17,000 meters. All of the drilling will be expensed.
FY 2018 guidance as of Feb. 2, 2017.

28. APPENDICES
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29. APPENDIX I:
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OWNERSHIP AND COVERAGE
Ownership
Analyst Coverage
Chris Thompson Raymond James
Top 10 Institutional Investors % O/S
1 Van Eck Associates Corporation 7.34
2 Old Mutual Global Investors (UK), LTD 2.32
3 Global X Management Company, LLC 1.23
4 AMG Fondsverwaltung AG 1.19
5 DZ Privatbank S.A. 1.16
6 Stabilitas GmbH 0.89
7 AXA Investment Managers (U.K.), LTD 0.77
8 Spark Investment Management, LLC 0.72
9 RBC Global Asset Management, Inc. 0.72
1 BMO Asset Management, Inc. 0.65
Source: BD Corporate November 2017 Data
Joe Reagor Roth Capital
Institutions
29%
Insiders
4%
Retails
67%
Bhakti Pavani Euro Pacific

30. APPENDIX II
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MANAGEMENT & BOARD
Management
Rui Feng, Ph.D., Geology
Chairman and CEO, Director
Derek Liu, MBA, CGA, CPA
Chief Financial Officer
Luke Liu, M. Eng. PhD (Mining Eng.)
Vice President China Operations
Lorne Waldman, MBA, LL.B.
Senior Vice President
Board of Directors
Rui Feng Marina Katusa
Yikang Liu Paul Simpson
David Kong

31. APPENDIX III:
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SUMMARY OF RESERVES1
Project
Reserve
Category
Tonnes
(Million)
Average Grades Contained Metal Reserves
Silver (g/t) Lead (%) Lead (%) Silver (Moz) Lead (t) Zinc (t)
Ying Mining
District
Proven 4.67 252 4.15 1.55 37.85 193,950 72,240
Probable 7.63 233 3.50 1.09 57.16 267,010 83,450
GC Project
Proven 0.46 199 1.12 3.18 3.00 5,200 14,800
Probable 4.29 113 1.33 2.93 15.50 56,900 125,500
Consolidated
Proven 5.13 40.85 199,150 87,040
Probable 11.92 72.66 323,910 208,950
Total 17.05 113.51 523,060 295,990
1. Table excludes HPG mine Proven reserves of 16,430 oz Gold (470,000 tonnes grading 1.10 g/t Gold) and HPG mine Probable reserves of 10,840 oz Gold (290,000 tonnes grading 1.15 g/t Gold)

32. APPENDIX IV:
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SUMMARY OF RESOURCES1
Project
Resource
Category
Tonnes
(Million)
Average Grades
Contained Metal Resources
(Inclusive of Reserves)
Silver
(g/t)
Lead (%) Zinc (%)
Silver
(Moz)
Lead (t) Zinc (t)
Ying Mining
District
Measured 5.91 266 4.36 1.64 50.55 257,600 96,690
Indicated 10.40 233 3.59 1.13 77.76 373,000 117,660
Inferred 10.47 230 3.91 1.10 77.25 409,400 115,220
GC Project
Measured 0.59 230 1.41 3.33 4.40 8,400 19,800
Indicated 7.04 113 1.31 3.06 25.60 92,500 215,500
Inferred 7.96 123 1.41 2.66 31.40 112,500 211,900
Consolidated
Measured 6.50 54.95 266,000 116,490
Indicated 17.44 103.36 465,500 333,160
Inferred 18.43 108.65 521,900 327,120
1. Table excludes HPG mine Measured resources of 24,000 oz Gold (690,000 tonnes grading 1.10 g/t Gold), Indicated resources of 22,000 oz Gold (630,000 tonnes grading 1.10
g/t Gold), Inferred resources of 39,000 oz Gold (1,010,000 tonnes grading 1.21 g/t Gold). Table also excludes BYP Gold-Lead-Zinc project resources (BYP resources summarized
on Slide 35).

33. APPENDIX V:
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BYP MINE RESOURCE
CLASS
Cut-off Grades
(g/t)
Resource Grades
Contained Metal
Resources
(tonne) Gold (g/t) Gold (oz)
Indicated 1.0 3,510,000 2.59 292,000
Inferred 1.0 2,470,000 1.84 146,000
Mineral Resources for Gold Zones as of December 31, 2011:
CLASS
Cut-off Grades
(%)
Resource Grades
Contained Metal
Resources
(tonne) Lead (%) Zinc (%)
Lead
(Tonnes)
Zinc (Tonnes)
Indicated
2.0
Lead+Zinc
7,330,000 1.16 2.52 85,000 184,700
Inferred
2.0
Lead+Zinc
7,550,000 0.85 2.75 64,200 207,600
Mineral Resources for Lead and Zinc Zones as of December 31, 2011:
Notes to Resource Tables:
1. CIM definitions apply
2. Mined tonnages deducted
3. Resources are rounded to nearest 10,000 tonnes
4. Cut-off grades are based on mining, processing and G & A costs of $38/t
5. Technical report filed on August 16, 2012 at www.sedar.com

34. ENDNOTES AND CAUTIONARY STATEMENTS
Alex Zhang, P. Geo., is the Qualified Person within the meaning of National Instrument 43-101 –
Standards Of Disclosure for Mineral Projects (“NI 43-101”) who supervised the preparation of the scientific
and technical information of Silvercorp included in this presentation.
For more information on Silvercorp’s projects, readers should refer to Silvercorp’s Annual Information Form,
dated June 16, 2017, and its technical reports, each of which is available on SEDAR at www.sedar.com.
The scientific and technical information related to Silvercorp’s projects included in this investor
presentation are derived from the technical reports entitled:
- NI 43-101 Technical Report for Ying Gold-Silver-Lead-Zinc Property, Henan Province, China, effective
date 31 December, 2016 by P R Stephenson, P. Geo., H A Smith, P.Eng., A Ross, P. Geo, H Muller, Beng,
MAusIMM, CP
- Technical Report for BYP Gold-Lead-Zinc Property, Hunan Province, China, effective date 30 June, 2012,
prepared by P R Stephenson, P. Geo., H A Smith, P.Eng., A Riles, MAIG, M Molavi, P.Eng, D.
Nussipakynova, P.Geo., A. Ross, P.Geo.
- NI 43-101 Technical Report on the GC Ag-Zn-Pb Project in Guangdong Province, People’s Republic of
China, effective date 23 January, 2012, prepared by Brian O’Connor, P. Geo, Peter Mokos, MAusIMM
(CP), Alan Riles, MAIG, Owen Watson, MAusIMM (CP), Mo Molavi, P. Eng, Patrick Stephenson, P. Geo,
AMC Mining Consultants (Canada) Ltd.
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35. SVM:TSX/NYSE AMERICAN 35
Suite #1378 - 200 Granville St., Vancouver, BC, Canada V6C 1S4
Tel: 604-669-9397
Fax: 604-669-9387
Toll-Free: 1-888-224-1881
HEAD OFFICE
Silvercorp’s disclosure documents are available from the System for Electronic
Document Analysis and Retrieval (SEDAR) at www.sedar.com
SVM:TSX/NYSE AMERICAN
investor@silvercorp.ca
www.silvercorp.ca