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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
Company
TSE:SVM
Silvercorp Metals Inc is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The company’s goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employees’ wellbeing, and sustainable development.
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The project covers an area of nearly five square kilometres and lies around 75 kilometres by road northeast from the firm's producing Ying project
"Based on our conversations with investors, the true value proposition of the company is not well understood"
Archive
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The metals producer generates gold, silver, lead and zinc from two sites - its Ying project and the GC mine in China
Assay results from its 2020 exploration program included a 1.58m interval grading 17.08 g/t gold, 301 g/t silver, and 18.66% lead
The coveted green mine designation is awarded to mines that minimize adverse impacts on the environment
The company said assay results for 125 holes have been received with 72 holes intercepting “many zones of higher-grade silver-lead mineralization”
Silvercorp Metals attributed its jump in earnings to higher selling prices for silver, gold and zinc
LME is one of six underground mines at the firm's Ying complex where exploration drilling and tunneling work is ongoing
The China-focused underground mine operator told investors it generated around 1.7 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 7.1 million pounds of zinc in the three months to September 30
It has received assay results for 71 holes drilled in the campaign, 48 of which have intercepted mineralization
The firm was pleased to see Silvercorp increase the reserve and resource estimate for its Ying Mining District assets in China at the end of August
The mining firm said that measured and indicated silver resources increased by 18% at six underground mines on the property
Silvercorp’s recently announced fiscal first quarter revenue of US$46.7 million and earnings of $0.09 per share beat the firm's expectations of $45.7 million and $0.04 per share, respectively
The gold-silver ratio indicates how many ounces of silver are required to buy one ounce of gold. In time periods where the ratio is relatively high, it acts as a leading indicator for a rise in silver’s value
Archive
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The firm sold 1.9 million ounces of silver, 1,100 ounces of gold, 20.9 million pounds of lead in the three month period, representing increases of 1%, 10% and 17%, respectively
Avalon, the holder of an indirect 100% interest in the Omai Gold Mine in Guyana, issued 30 million shares to Silvercorp
One hole intercepted a 1.02 metre (m) interval from between 259.01m and 260.03m depth grading 1.5 grams per ton (g/t) gold and a 1.90m interval from 406.86m to 408.76m grading 15 g/t of the yellow metal