Silvercorp Renews Mining License at Ying Mining District
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) has announced the renewal of the SGX Mine permit in the Ying Mining District for an additional 11 years, extending until September 24, 2035. The renewed Yuelianggou Mining License, which includes the SGX and HZG silver-lead-zinc mines, now has an increased production capacity of 500,000 tonnes per year.
To secure the renewal, Silvercorp completed various studies and reports, including a Mineral Resource estimate, mine development plan, and environmental impact assessments. The company is currently awaiting the final assessment of historical government investment in the License area, which may result in certain payments before the official paper certificate is issued.
The SGX and HZG mines are operating normally, and Silvercorp is working on a mine optimization plan to achieve the newly allowed production capacity.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) ha annunciato il rinnovo del permesso della Miniera SGX nel Distretto Minerario di Ying per un ulteriore 11 anni, estendendosi fino al 24 settembre 2035. La rinnovata Licenza Mineraria di Yuelianggou, che include le miniere di argento-piombo-zinco SGX e HZG, ha ora una capacità produttiva aumentata di 500.000 tonnellate all'anno.
Per garantire il rinnovo, Silvercorp ha completato vari studi e rapporti, tra cui una stima delle Risorse Minerali, un piano di sviluppo della miniera e valutazioni dell'impatto ambientale. L'azienda è attualmente in attesa della valutazione finale degli investimenti storici del governo nell'area della Licenza, il che potrebbe comportare alcuni pagamenti prima dell'emissione del certificato cartaceo ufficiale.
Le miniere SGX e HZG stanno operando normalmente, e Silvercorp sta lavorando a un piano di ottimizzazione della miniera per raggiungere la nuova capacità produttiva consentita.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) ha anunciado la renovación del permiso de la Mina SGX en el Distrito Minero Ying por un adicional de 11 años, extendiéndose hasta el 24 de septiembre de 2035. La renovada Licencia Minera de Yuelianggou, que incluye las minas de plata-plomo-zinc SGX y HZG, ahora tiene una capacidad de producción aumentada de 500,000 toneladas por año.
Para asegurar la renovación, Silvercorp completó varios estudios e informes, incluyendo una estimación de Recursos Minerales, un plan de desarrollo de la mina y evaluaciones de impacto ambiental. La empresa está actualmente a la espera de la evaluación final de la inversión histórica del gobierno en el área de la Licencia, lo que podría resultar en ciertos pagos antes de que se emita el certificado oficial en papel.
Las minas SGX y HZG están operando con normalidad, y Silvercorp está trabajando en un plan de optimización de la mina para alcanzar la nueva capacidad de producción permitida.
실버콥 메탈스 주식회사 (TSX: SVM) (NYSE American: SVM)는 SGX 광산 허가증의 갱신을 발표했습니다. 이는 잉 광산 지역에서 추가로 11년 연장되어 2035년 9월 24일까지 유효합니다. SGX와 HZG 은-납-아연 광산이 포함된 유에리앙고 광산 라이센스는 이제 연간 500,000톤의 생산 용량이 증가했습니다.
갱신을 확보하기 위해 실버콥은 광물 자원 추정, 광산 개발 계획 및 환경 영향 평가를 포함한 다양한 연구와 보고서를 완료했습니다. 현재 회사는 라이센스 지역의 과거 정부 투자에 대한 최종 평가를 기다리고 있으며, 이는 공식 종이 증명서가 발급되기 전에 일부 지불이 발생할 수 있습니다.
SGX와 HZG 광산은 정상적으로 운영되고 있으며, 실버콥은 새로운 승인된 생산 용량을 달성하기 위해 광산 최적화 계획을 진행 중입니다.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) a annoncé le renouvellement du permis de la mine SGX dans le district minier de Ying pour une durée supplémentaire de 11 ans, soit jusqu'au 24 septembre 2035. La licence minière Yuelianggou renouvelée, qui inclut les mines d'argent-plomb-zinc SGX et HZG, dispose désormais d'une capacité de production augmentée de 500 000 tonnes par an.
Pour sécuriser le renouvellement, Silvercorp a réalisé diverses études et rapports, y compris une estimation des ressources minérales, un plan de développement de la mine et des évaluations d'impact environnemental. La société attend actuellement l'évaluation finale des investissements gouvernementaux historiques dans la zone de la licence, ce qui pourrait donner lieu à certains paiements avant l'émission du certificat officiel sur papier.
Les mines SGX et HZG fonctionnent normalement, et Silvercorp travaille sur un plan d'optimisation de la mine pour atteindre la nouvelle capacité de production autorisée.
Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) hat die Verlängerung des SGX-Mineralrechts im Ying-Bergbaubezirk für zusätzliche 11 Jahre bekannt gegeben, die bis zum 24. September 2035 gültig ist. Die erneuerte Bergbaulizenz von Yuelianggou, die die SGX- und HZG-Silber-Blei-Zink-Minen umfasst, hat nun eine erhöhte Produktionskapazität von 500.000 Tonnen pro Jahr.
Um die Verlängerung zu sichern, hat Silvercorp verschiedene Studien und Berichte abgeschlossen, darunter eine Schätzung der Mineralressourcen, einen Bergentwicklungsplan und Umweltverträglichkeitsprüfungen. Das Unternehmen wartet derzeit auf die endgültige Bewertung der historischen Regierungsinvestitionen im Lizenzgebiet, was zu bestimmten Zahlungen führen könnte, bevor das offizielle Papierzertifikat ausgestellt wird.
Die SGX- und HZG-Minen arbeiten normal, und Silvercorp arbeitet an einem Plan zur Optimierung der Mine, um die neu genehmigte Produktionskapazität zu erreichen.
- Mining license renewed for 11 years until September 24, 2035
- Increased production capacity to 500,000 tonnes per year
- SGX and HZG mines operating normally
- Potential payments required based on assessment of historical government investment
Insights
The renewal of the SGX Mine permit for 11 years with an increased capacity of 500,000 tonnes per year is a significant development for Silvercorp Metals. This extension provides long-term operational stability and growth potential for the company's Ying Mining District operations.
Key points to consider:
- The 11-year extension secures Silvercorp's mining rights until 2035, reducing regulatory uncertainty.
- The increased capacity from the previous limit to 500,000 tonnes per year allows for potential production expansion and revenue growth.
- The comprehensive renewal process, including updated resource estimates and environmental studies, suggests the mine's continued viability and compliance with regulations.
While positive, investors should note that the final assessment of historical government investment may result in additional payments, which could impact near-term financials. The company's ability to optimize operations and achieve the new production capacity will be important for realizing the full benefits of this permit renewal.
Trading Symbol TSX: SVM
NYSE AMERICAN: SVM
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 construction design. All these studies are required to be reviewed by independent panels and then filed with government authorities.
Subject to a final assessment of historical government investment in the License area which may result in certain payments, the License in paper certificate will be issued to Silvercorp. Currently, the SGX and HZG mines are operating normally and is also working on the mine optimization plan to achieve allowed production capacity of 500,000 tonnes per year.
Guoliang Ma, P. Geo., Manager of Exploration and Resource of the Company, is the Qualified Person for Silvercorp under NI 43-101 and has reviewed and given consent to the technical information contained in this news release.
About Silvercorp
Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cashflow from long-life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) a long-term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.
For further information:
Silvercorp Metals Inc.
Lon Shaver, President
Phone: (604) 669‐9397
Toll Free 1(888) 224‐1881
Email: investor@silvercorp.ca
Website: www.silvercorpmetals.com
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SOURCE Silvercorp Metals Inc
FAQ
What is the new production capacity for Silvercorp's SGX Mine after the license renewal?
How long has Silvercorp's mining license been extended for the Ying Mining District?
What mines are included in Silvercorp's renewed Yuelianggou Mining License (SVM)?
What studies did Silvercorp (SVM) need to complete for the mining license renewal?
