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. reports operating, project, and financing developments for a Canadian mining company producing silver, gold, lead, and zinc. Recurring updates cover production and sales volumes, mine operating costs, capital expenditure guidance, and financial results tied to operations such as the Ying Mining District and GC Mine in China.
Company news also covers exploration drilling, construction activity, and technical disclosures for projects including Kuanping, El Domo, Condor, Tulkubash, and Kyzyltash. Additional announcements address NI 43-101 technical reports, mineral resource estimates, ESG ratings, syndicated loan facilities, and portfolio expansion across China, Ecuador, and Kyrgyzstan.
Silvercorp Metals (SVM) reported its Q2 Fiscal 2022 production results, achieving approximately 1.7 million ounces of silver, 800 ounces of gold, 17.6 million pounds of lead, and 7.5 million pounds of zinc. Silver production increased by 15% from the previous quarter, while gold decreased by 20%. The Ying Mining District saw a 45% increase in ore mined compared to Q1. The total production for the first half of Fiscal 2022 was approximately 3.2 million ounces of silver. The company remains on track to meet its annual guidance of producing between 6.3 - 6.6 million ounces of silver.
Silvercorp Metals Inc. (TSX: SVM, NYSE American: SVM) reports significant results from its 2021 exploration program at the LMW mine in China. From May to September 2021, 23,908 meters were drilled, yielding high-grade silver-lead-zinc veins. Key intercepts include 1,468 g/t Ag and 4.90% Pb. The program targets previously unexplored areas and low angle gold veins with promising results. Tunneling has also exposed substantial mineralization, confirming the mine's potential. The exploration program aims to enhance Silvercorp's resource base and operational efficiency.
Silvercorp Metals Inc. has successfully acquired a 100% interest in the Kuanping silver-lead-zinc-gold project through its subsidiary, Henan Found Mining Co. Ltd., for a total of US$13.5 million, including debt assumption. The Kuanping Project, located in Sanmenxia City, spans 12.39 km² and includes historical exploration results highlighting multiple mineral vein structures. Significant drill intercepts show high grades of silver and other metals, positioning the project for future mining permit applications.
Silvercorp Metals (SVM) announced promising results from its exploration at the DCG mine in Henan Province, China, from March 2020 to September 2021. The company completed 29,010 meters of drilling across 207 holes, finding mineralization in 110 holes. Notably, the gold vein C9 was defined over 850 meters, alongside the discovery of a new gold vein, C76. Significant intercepts included holes grading up to 7.17 g/t gold and 68 g/t silver. Additionally, the company established multiple silver-lead-zinc veins within the resource area, indicating a strong potential for mineral resource expansion.
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Silvercorp Metals Inc. (TSX: SVM, NYSE AMERICAN: SVM) announced the results of its annual general meeting (AGM) held on September 24, 2021. A total of 98,998,647 common shares were represented, accounting for 56.20% of the votes. All matters, including the election of directors and the re-appointment of Deloitte LLP as auditors, were approved by the shareholders. Dr. Rui Feng received a 96.95% approval for re-election, and other directors also secured substantial votes in favor. Detailed voting results will be filed on SEDAR.
Silvercorp Metals Inc. (SVM) announced an updated NI 43-101 Technical Report for the Gaocheng Ag-Zn-Pb Project. As of March 31, 2021, the report indicates a 39% increase in Proven Reserves and an 8% increase in total combined Proven and Probable Reserves despite mining depletion since 2014. The GC Mine now has a projected life of 13 years with average annual production of 310,000 tonnes. Total estimated Mineral Reserves stand at 4.131 million tonnes, containing approximately 12.5 million ounces of silver. This reflects increased exploration success with significant resource enhancements.
Silvercorp Metals Inc. announces a normal course issuer bid to repurchase up to 7,054,000 common shares, equating to 4% of its 176,354,091 shares outstanding as of August 22, 2021. The program runs from August 27, 2021 to August 26, 2022, aiming to enhance flexibility amid potential undervaluation of shares relative to the company's assets, which include $214.4 million in cash and investments valued at $243.2 million as of June 30, 2021. Share purchases will adhere to TSX and NYSE regulations.
Silvercorp Metals (SVM) announced exploration results from its GC silver-lead-zinc mine in Guangdong, China, with extensive drilling revealing high-grade mineralization.
Between October 2019 and June 2021, 72,878 meters of drilling were conducted, identifying 577 mineralized holes and 24 new vein structures. Notable intercepts include hole 20CK24A02 with 258 g/t Ag and 7.05% Pb.
The company plans to update resources and reserves based on these findings, enhancing potential future mining operations.