TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo November 21, 2023 Derek Liu Chief Financial Officer Silvercorp Metals, Inc. 1066 West Hastings Street, Suite 1750 Vancouver, British Columbia Canada V6E 3X1 Re: Silvercorp Metals, Inc. Form 40-F for the Fiscal Year ended March 31, 2023 Filed June 1, 2023 File No. 001-34184 Dear Derek Liu: We have reviewed your filing and have the following comment(s). Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 40-F for the Fiscal Year ended March 31, 2023 General, page 1 1. Given that you have material mining operations in the People s Republic of China, we believe that you should provide specific and prominent disclosures regarding the legal and operational risks associated with your operations, consistent with the guidance in our Sample Letter to China-Based Companies issued on December 20, 2021, and our Sample Letter to Companies Regarding China-Specific Disclosures issued on July 17, 2023. The letters referenced above are available on our website at the following locations - https://www.sec.gov/corpfin/sample-letter-china-based-companies https://www.sec.gov/corpfin/sample-letter-companies-regarding-china-specific- disclosures Please confirm that you will provide disclosures that are responsive to all applicable guidance within such letters in your future periodic reports. Derek Liu Silvercorp Metals, Inc. November 21, 2023 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Lily Dang at 202-551-3867 or Yong Kim at 202-551-3323 if you have questions regarding comments on the financial statements and related matters. FirstName LastNameDerek Liu Sincerely, Comapany NameSilvercorp Metals, Inc. Division of Corporation Finance November 21, 2023 Page 2 Office of Energy & Transportation FirstName LastName