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Silvercorp receives mining license extension in China

Vladimir Basov

Kitco News

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(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.

By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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