Welcome to our dedicated page for Silvercorp Metal news (Ticker: SVM), a resource for investors and traders seeking the latest updates and insights on Silvercorp Metal stock.
Silvercorp Metals Inc. (SVM) maintains this comprehensive news hub for investors tracking its mining operations and market position. Access official press releases and curated updates covering operational milestones, financial results, and strategic developments in precious metals production.
This resource provides timely insights into Silvercorp's core activities, including quarterly earnings, mineral exploration progress, and operational efficiency initiatives. Users will find updates on key projects in China, Mexico, and Ecuador, along with technical compliance achievements and resource expansion efforts.
The page aggregates critical information types: financial disclosures, production updates, exploration results, and corporate governance announcements. All content undergoes verification to ensure alignment with NI 43-101 standards and transparent reporting practices.
Bookmark this page to monitor Silvercorp's progress in maintaining low-cost silver production while expanding its base metals portfolio. Return regularly for updates on drilling programs, cost management strategies, and value-creating initiatives in the global mining sector.
Silvercorp Metals Inc. (SVM) has successfully renewed the Tieluping-Longmen (TLP-LM) Mining License for the TLP, LME, and LMW mines in Henan Province, China, extending it for 20 years until February 26, 2041. This renewal, based on a resource estimation report submitted in 2014, underscores the mines' strong performance over the last decade. The TLP-LM license spans 22.7631 square kilometers, part of a larger 68 square km area. Additionally, a new resource estimation report must be filed within two years. Silvercorp is committed to high safety and environmental standards.
Silvercorp Metals Inc. (SVM) reported Q3 Fiscal 2021 results indicating substantial growth. Revenue increased by 20% to $53.3 million, with net income rising 33% to $8.4 million or $0.05 per share. The company mined 279,445 tonnes of ore, a 6% increase year-over-year, while silver sales saw a 4% decrease to 1.6 million ounces. Cash cost per ounce of silver was negative $2.76, showing improved operational efficiency. The company also acquired interests in Whitehorse Gold Corp. and the La Yesca Silver Project, bolstering its portfolio.
Silvercorp Metals announces its subsidiary, Henan Found Mining Co. Ltd., won an online auction for exploration rights to the Zhonghe Silver Project, located northeast of its Ying Mining District. The acquisition cost approximately US$76 million, with a first payment of US$15.2 million due upon clearance as a non-military area. Notable drill intercepts at Zhonghe include significant silver, lead, and zinc grades. The company plans to initiate drilling in Q1 2021 to advance resource estimates to meet mining license requirements.
Silvercorp Metals reported its Q3 Fiscal 2021 production results, producing approximately 1.7 million ounces of silver, 900 ounces of gold, 17.1 million pounds of lead, and 8.7 million pounds of zinc. Sales figures were 1.6 million ounces of silver, 800 ounces of gold, 16.8 million pounds of lead, and 9.0 million pounds of zinc. For the nine months ended December 31, 2020, total production reached about 5.1 million ounces of silver. The company maintains its annual production guidance of 6.2 – 6.5 million ounces of silver.
Silvercorp Metals Inc. has reported assay results from its 2020 exploration program at the HPG mine, revealing significant gold mineralization. A total of 13,515 meters were drilled, with 69 of 140 holes intercepting mineralization. Noteworthy results include new vein discoveries, with one hole showing a 1.05 m interval grading 6.41 g/t gold. The exploration revealed two phases of mineralization—earlier gold-bearing structures followed by silver-lead-zinc. Further exploration will target overlooked gold-bearing structures. The program included extensive tunneling to enhance mineral resources.
Silvercorp Metals has filed a final short form base shelf prospectus in Canada (excluding Quebec) and a corresponding registration statement in the U.S. This allows the company to offer up to US$200 million in various securities over a 25-month period for greater financial flexibility. While there are no immediate plans for offerings, this step enhances potential future financing capabilities. The prospectus can be accessed via SEDAR and EDGAR. Silvercorp is focused on profitable silver, lead, and zinc production while ensuring sustainable growth and shareholder returns.
Silvercorp Metals Inc. (SVM) announced that its TLP, LME, LMW, and HPG mines in Henan Province, along with the GC mine in Guangdong Province, have achieved 'green mine' certification in China. This certification indicates the mines' commitment to minimizing environmental impact and promoting sustainable development. The TLP, LME, LMW, and HPG mines passed rigorous inspections with scores exceeding 80%, while the GC mine received its designation after a successful assessment. Green mine status offers benefits such as improved land security and fiscal support, enhancing Silvercorp's operational advantages.
Silvercorp Metals announced significant discoveries from its 2020 exploration program at the LMW mine in China's Ying Mining District. The program identified new gold zones and high-grade silver-lead mineralization, with ten drill rigs completing 132 holes over 37,869 meters. High-grade gold grades of 37.08 g/t Au were reported, alongside multiple veins containing high silver concentrations, notably 1,984 g/t Ag. Additionally, 8,684 meters of exploration tunnels were developed, exposing substantial mineralization. This discovery is expected to lower future tunnel development costs significantly.
Silvercorp Metals has declared a semi-annual dividend of US$0.0125 per share, payable to shareholders on record by November 25, 2020, with a payment expected by December 16, 2020. These dividends are eligible for Canadian tax purposes. The Company's future dividend declarations will depend on various factors, including commodity prices and financial results. Silvercorp continues to focus on profitable mining operations in China, aiming for sustainable growth and shareholder returns.
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