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Stock impact report

Silvercorp Renews Mining License at Ying Mining District [Yahoo! Finance]

Silvercorp Metals Inc. Common Shares (SVM) 
US:NYSE Investor Relations: silvercorpmetals.com/investors
Company Research Source: Yahoo! Finance
VANCOUVER, BC Oct. 8, 2024 /CNW/ - Silvercorp Metals Inc. (" Silvercorp " or the " Company ") (TSX: SVM) (NYSE American: SVM) is pleased to announce that the SGX Mine permit has been renewed for another 11 years with an increased capacity of 500,000 tonnes per year, based on the information posted on the website of the Mineral Rights Administration of the Department of Natural Resources of Henan Province . The Yuelianggou Mining License (the "License") containing the SGX and HZG silver-lead-zinc mines, located in the western part of the Ying Mining District, has been renewed until September 24 , 2035 with an increase in production capacity to 500,000 tonnes per year. To renew a mining permit, the Company is required to complete a series of studies and reports, including a Mineral Resource estimate to Chinese standards, a mine development plan, a mine reclamation plan, an environment and soil preservation plan, an Environment Impact Study update, and a safety production facility con Show less Read more
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