Silvercorp Metals Inc. Reports Consolidated Production Results for the Fourth Quarter and Fiscal Year Ended March 31, 2022
April 14, 2022 at 06:55 am EDT
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Silvercorp Metals Inc. reported consolidated production results for the fourth quarter and fiscal year ended March 31, 2022. For the year, the company produced Silver of 6,149,000 ounces against 6,330,000 ounces a year ago. Gold production was 3,400 ounces against 3,500 ounces a year ago. Lead production was 64,431,000 pounds against 68,430,000 pounds a year ago. Zinc production was 26,812,000 pounds against 28,011,000 pounds a year ago. Ore Mined production was 996,280 tonnes against 964,925 tonnes a year ago. Ore Milled production was 1,002,335 tonnes against 967,581 tonnes a year ago.
For the quarter, the company produced Silver of 1,146,000 ounces against 1,195,000 ounces a year ago. Gold production was 500 ounces against 300 ounces a year ago. Lead production was 11,962,000 pounds against 12,156,000 pounds a year ago. Zinc production was 4,101,000 pounds against 4,672,000 pounds a year ago. Ore Mined production was 180,505 tonnes against 163,072 tonnes a year ago. Ore Milled production was 182,670 tonnes against 180,674 tonnes a year ago.
Silvercorp Metals Inc. is a mining company. The Company is engaged in producing silver, gold, lead, and zinc with a long history of profitability and growth potential. It is engaged in the acquisition, exploration, development, and mining of mineral properties. The Companyâs operations include Ying Mining District, GC Mine and BYP Mine. Its Ying operation is located approximately 240 kilometers (km) west-southwest of Zhengzhou, the capital city of Henan Province, China, and 145 km southwest of Luoyang. The flagship Ying operations consist of seven underground mines, including SGX, HZG, HPG, TLP, LME, LMW and DCG and two processing plants (combined 2,600 tpd capacity) The GC mine is located approximately 200 km west of Guangzhou, the capital city of Guangdong Province, China. The BYP Mine is located approximately 220 km southwest of Changsha, the capital city of Hunan Province, China. It also operates two sulphide flotation plants at Ying with a total design capacity of 2,600 tpd.