BRIEF-Silvercorp Metals Suspends Operations At Ying And GC Mines For Regulatory Non-Compliance

Silvercorp Metals Inc.

Silvercorp Metals Inc.

SVM

0.00

June 29 (Reuters) - Silvercorp Metals Inc SVM.TO:

  • SILVERCORP METALS - SUSPENDS OPERATIONS AT YING AND GC MINES FOR REGULATORY NON-COMPLIANCE

  • SILVERCORP METALS INC - WORK IS EXPECTED TO COST APPROXIMATELY US$5.5 MILLION AND TAKE APPROXIMATELY 50 DAYS TO FULLY COMPLETE

  • SILVERCORP METALS - EXPECTS 10%-15% PRODUCTION IMPACT IN CURRENT QUARTER

  • SILVERCORP METALS INC - PRODUCTION AT YING MINING DISTRICT IS EXPECTED TO BE AFFECTED BY 40% TO 50% DURING JULY-SEPTEMBER QUARTER

  • SILVERCORP METALS - TO SPEND ADDITIONAL $6 MILLION ON FACILITY AND EQUIPMENT UPGRADES

Source text: ID:nPn5F6QSpa

Further company coverage: SVM.TO


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