Producing

Ying Mining District

NEWONE2325555

Introduction

  • Seven underground mines (SGX, HZG, HPG, TLP, LME, LMW and DCG) and two processing plants (combined 2,500 tpd capacity)
  • Produces high-quality silver-lead and zinc concentrates and gold doré sold to smelters within the province
  • Located approximately 240 km west-southwest of Zhengzhou, the capital city of Henan Province, China, and 145 km southwest of Luoyang, the nearest major city
  • The 68.6 km2 Property is covered by four contiguous mining licenses:
    • Yuelianggou Mining License: SGX & HZG mines (19.8 km2)
    • Haopinggou Mining License: HPG mine (6.2 km2)
    • Tieluping-Longmen Mining License: TLP, LME and LMW mines (22.8 km2)
    • Dongcaogau Mining License: DCG Mine (19.8 km2)

Exploration is an integral part of Silvercorp’s organic growth strategy at Ying. The Company completed over one million metres of drilling at and around the various mines from 2020 to 2023, which led to the discovery of new mineralization zones within the existing mining infrastructure. Land consolidation continued in 2021 with the successful acquisition of the neighboring Kuanping Project (KP), located 33 km north of Ying—further expanding the Company’s footprint within the prospective Qinling orogenic belt.

 

Multiple mine optimization and production expansion programs are currently underway to enhance operational efficiency and boost productivity. These low-capital-intensity, high-impact investments will further increase the Company's capacity, enabling it to continue growing its existing hub-and-spoke operations at Ying.

Operation Snapshot

Mine Life 1

15 Years

Silver Production

FY2022A: 5,509 koz
FY2023A: 6,024 koz
FY2024A: 5,677 koz

FY2025E: 6.2-6.7 Moz

 

AISC 2

FY2022A: US$147.52/t
FY2023A: US$146.59/t
FY2024A: US$141.82/t

FY2025E: US$142.3-$153.2/t

1 Ying Mining District Reserves and Resources update effective December 31, 2021.

2 AISC refers to all-in sustaining costs per tonne of ore processed.

MINES

Mineral Processing