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Silvercorp increases silver output by 10% in 9M of fiscal 2023

Vladimir Basov

Kitco News

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(Kitco News) - Silvercorp Metals (TSX: SVM & NYSE: SVM) announced Friday that for the third quarter of fiscal 2023 ended December 31, 2022 (Q3 2023), the company produced approximately 1.9 million ounces of silver, 1,100 ounces of gold, 20.1 million pounds of lead, and 7.0 million pounds of zinc, representing increases of 1%, 0%, and 6%, respectively, in silver, gold, and lead, and a decrease of 13% in zinc compared to Q3 2022.

For the first nine months of fiscal 2023, the company produced approximately 5.5 million ounces of silver, 3,400 ounces of gold, 57.1 million pounds of lead, and 19.9 million pounds of zinc, representing increases of 10%, 17%, and 9%, respectively, in silver, gold and lead, and a decrease of 12% in zinc compared to the same prior year period.

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc from silver mines in China. The company has measured and indicated silver resources of 210.2 million ounces, including proven and probable reserves of 114.9 million ounces, plus inferred resources of 126.3 million ounces.

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By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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