Operations

SGX / HZG Mines (Ying Mining District)

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Introduction

SGX

  • Flagship silver-lead-zinc mine
  • Operates under the Yuelianggou Mining License
  • Largest of Silvercorp’s seven underground mining operations at Ying
  • Property acquired March 2004 and brought into production following two years of exploration and development on April 1, 2006

HZG

  • Satellite silver-lead mine with portals located ~4 km south of SGX
  • Declared production in 2011

Both SGX and HZG are 100% owned by Henan Found Mining Ltd., a sino-foreign cooperative JV company owned 77.5% by Silvercorp and 22.5% by Henan Non-Ferrous Geological & Mineral Resources Co. Ltd. Henan Found operates under a 30-year business license issued by the Chinese government and has been granted all necessary permits.

MINING

SGX And HZG Mines Quick Facts

SGX HZG
Mine type Ramp and shaft

supported underground

Ramp supported

underground

Mining method Re-suing and shrinkage Re-suing and shrinkage
Reserve tonnage1 5,230 kt 730 kt
Reserve grades1 249 g/t silver

0.03 g/t gold

4.76% lead

2.18% zinc

348 g/t silver

0.93% lead

% of Ying’s LOM ore production 42% 6%
Primary metal Silver Silver
By-product metals Lead, zinc, gold Lead

1 Mineral reserves estimate as of December 31, 2021.

sgxmining

Exploration and Geology