Silvercorp Metals churning out metal from Chinese mines and set to bolster portfolio with Guyana deal
Proactiveinvestors - Silvercorp Metals Inc (NSYEAMERICAN:SVM) (TSX:SVM) has been an underground mine operator in China since 2006 and has a track record of growing organically through its own cashflow.
The Vancouver-headquartered company has also built up substantial reserves. A profitable company, it is focused on mining silver, lead and zinc.
The group's flagship asset is the Ying project, also known as the SGX silver-lead-zinc property, which was acquired in March 2004 and which started commercial production on April 1, 2006. It lies 240 kilometers (km) southwest of Zhengzhou, the capital city of Henan Province in central China and consists of six separate mines which feed two mills with 3,200 tonnes per day (tpd). Six smelters lie within 200 km. The mine life runs until 2036.