Silvercorp Reports Increased Reserves and Resources at the GC Mine

in gold •  14 days ago 

Based on Proven and Probable Reserves only, the GC Mine has a projected life of mine (LOM) of 12 years through to 2031, at an average annual production rate of approximately 300,000 tonnes, and with average silver equivalent grades1 of approximately 334 g/t for the first six years and then 271 g/t for the remainder of the mine life.

Interesting press release from Silvercorp Metals inc. I own a few shares in this one so it's especially interesting to me. It's good to see that Silvercorp has a mine that's going to last them for at least another 12 years, well into the next bull market. This could turn out to be a big winner as Wall Street looks for silver stocks, I'm holding on for the ride......

Read the full press release here....

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Silvercorp closed the day around $4.30 today.....

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