Make Kitco Your Homepage

Silvercorp receives mining license extension in China

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Silvercorp Metals (TSX/NYSE American: SVM) announced Tuesday that the Tieluping-Longmen (“TLP-LM”) mining license for the TLP, LME and LMW mines in the Ying mining district has been renewed and extended for a period of 20 years by the Department of Natural Resources, Henan Province, China.

The TLP-LM mining license covers 22.7631 square kilometres and forms part of the Ying mining district’s four contiguous mining licenses totaling approximately 68 square km. The TLP, LME, and LMW silver-lead-zinc mines are located on the eastern side of the TLP-LM mining license.

The company commented, “The renewal of the TLP-LM mining license speaks to the three mines' excellent performance over the last ten years, in compliance with all regulations and legal requirements.”

Silvercorp is a Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.