China’s manufacturing industry producing solar panels and windmill equipment for the green energy sector has created expanding demand for silver. Silvercorp is a Canadian company operating several profitable silver mines in China to feed this demand.
Silvercorp first entered China in 2003 to capitalize on the country's underexplored geological potential. China’s 1997 Mineral Resource Law was adopted specifically to enable foreign mining companies to explore and mine in the country.
Since production began in 2006, our mines have produced 81 million ounces of silver and 1.1 billion pounds of lead & zinc. We produced 6.1 million ounces of silver in Fiscal 2022 and are forecast to produce between 7.0 and 7.3 million ounces in Fiscal 2023.
We have measured and indicated silver resources of 211.4 million ounces, including proven and probable reserves of 114.7 million ounces. In addition, we have inferred resources of 154.5 million ounces of silver.
Silvercorp has no debt and cash and short term investments totaling US$212 million as of December 2021.
We are committed to operating sustainably with respect to the environment, surrounding communities and our people, and focused on technological innovation and advancement to drive efficiencies.
Our shares are listed for trading on the TSX and NYSE American under the symbol “SVM”.