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Stock impact report

Silvercorp Receives Mining License Renewal and Extension [Canadian Business Journal (Canada)]

Silvercorp Metals Inc. Common Shares (SVM) 
US:NYSE Investor Relations: silvercorpmetals.com/investors
VANCOUVER, British Columbia, Feb. 09, 2021 (GLOBE NEWSWIRE) — Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) announces that the Tieluping-Longmen (“TLP-LM”) Mining License for the TLP, LME and LMW mines in the Ying Mining District has been renewed and extended for a period of 20 years (expiration February 26, 2041) by the Department of Natural Resources, Henan Province, China. As the renewal was approved on the basis of a resource estimation report in China Standards which was filed by the Company with the Henan provincial government in 2014, a new resource estimation report must be prepared and filed within two years of this renewal.The TLP-LM Mining License covers 22.7631 square kilometres and forms part of the Ying Mining District’s four contiguous mining licenses totaling approximately 68 square km. The TLP, LME, and LMW silver-lead-zinc mines are located on the eastern side of the TLP-LM Mining License. The renewal of the TLP-LM Mining License spe Show less Read more
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