Silvercorp Metals - Jetzt geht\'s hier richtig los! (Seite 295)
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ISIN: CA82835P1036 · WKN: A0EAS0 · Symbol: SVM
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Letzter Kurs 03.05.24 Tradegate
Werte aus der Branche Rohstoffe
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 9,8360 | +17,66 | |
| 1,0950 | +16,00 | |
| 2,4000 | +14,83 | |
| 552,55 | +13,76 | |
| 33,17 | +13,52 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 185,00 | -9,76 | |
| 0,7000 | -11,39 | |
| 0,6700 | -14,92 | |
| 43,97 | -16,90 | |
| 12,000 | -25,00 |
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Antwort auf Beitrag Nr.: 42.334.548 von elsolivars am 11.11.11 01:02:14Bis diese Aktie das zerstörte Vertrauen wieder aufgebaut ist, wird noch so einiges an Zeit vergehen. Silber legt bis dato 2,2 % zu, SVM gerade mal 1,8 %.
Das ist ein einziger Witz. Vor dieser Attacke hätte ein Preisanstieg bei Silber von 2,2 % eine Kurssteigerung von 5-6 % bewirkt.
SVM ist die Silberaktie zur Zeit, die am wenigsten den steigenden Silberpreis mitmacht.
Man muss schon froh sein, wenn die Aktie die Kurssteigerung von Silber synchron nachvollzieht.
Hier ist sehr viel Vertrauen zerstört worden, und viele Kleinanleger sind aus der Aktie getrieben worden und das war auch so beabsichtigt.
Es lecken sich noch einige so die Wunden. Hier muss eine gänzlich neue Käuferschicht aufgebaut werden, und die kommt nun mal nicht über Nacht oder sofort, dass braucht seine Zeit.
Etwas ähnliches, aber auf ganz anderer Ebene, findet zur Zeit bei den Anleihen von Frankreich statt. Auch hier werden Gerüchte gestreut ( S&P heute )die nur den einen Sinn haben, die Anleger zu verunsichern. Die Auswirkungen bei uns , wie bei jenen, sind aber die gleichen und das wäre die Zerstörung von Vertrauen.
Bis wir wieder die 17 CAD sehen, werden sicherlich noch Monate vergehen. Ich persönlich habe mich auf DEZ. 2012 -17- CAD eingestellt
Kann ja sein das es anders kommt, und meine skeptische Einstellung muss ja nicht zutreffen, aber die Erfahrung hat mir gezeigt das jetzt Geduld angesagt ist. Sollte es anders kommen wäre ich sehr erfreut.
Gruß
Das ist ein einziger Witz. Vor dieser Attacke hätte ein Preisanstieg bei Silber von 2,2 % eine Kurssteigerung von 5-6 % bewirkt.
SVM ist die Silberaktie zur Zeit, die am wenigsten den steigenden Silberpreis mitmacht.
Man muss schon froh sein, wenn die Aktie die Kurssteigerung von Silber synchron nachvollzieht.
Hier ist sehr viel Vertrauen zerstört worden, und viele Kleinanleger sind aus der Aktie getrieben worden und das war auch so beabsichtigt.
Es lecken sich noch einige so die Wunden. Hier muss eine gänzlich neue Käuferschicht aufgebaut werden, und die kommt nun mal nicht über Nacht oder sofort, dass braucht seine Zeit.
Etwas ähnliches, aber auf ganz anderer Ebene, findet zur Zeit bei den Anleihen von Frankreich statt. Auch hier werden Gerüchte gestreut ( S&P heute )die nur den einen Sinn haben, die Anleger zu verunsichern. Die Auswirkungen bei uns , wie bei jenen, sind aber die gleichen und das wäre die Zerstörung von Vertrauen.
Bis wir wieder die 17 CAD sehen, werden sicherlich noch Monate vergehen. Ich persönlich habe mich auf DEZ. 2012 -17- CAD eingestellt
Kann ja sein das es anders kommt, und meine skeptische Einstellung muss ja nicht zutreffen, aber die Erfahrung hat mir gezeigt das jetzt Geduld angesagt ist. Sollte es anders kommen wäre ich sehr erfreut.
Gruß
Antwort auf Beitrag Nr.: 42.334.475 von elsolivars am 11.11.11 00:01:42ist sicher schon mal eingestellt worden, aber als zeitvertreib resp.
als gedanken zur/in der wartezeit ist sich das "vor-augen-halten" dessen
was auf uns zukommen wird (es ist nur die frage wann !!! dass es kommen
wird ist wohl unausweichlich) :
Chinese Silver Investment Going Parabolic
By Dan Collins11/01/2011
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When 1.3 Billion people start investing in something…you might want to pay attention.
Chinese investment in silver has exploded since last year, with the trading volume going exponential. The China Daily reported today that the trading volume of silver forwards on the Shanghai Gold Exchange (SGE), China's only exchange for the precious metal, surged 751 percent year-on-year in 2010. Meanwhile, the volume in September of this year was more than six times that of the same period in 2010.
Chinese commercial banks are now selling silver to investors in the hundreds of tons. One example is the Industrial and Commercial Bank of China Ltd (ICBC), China's biggest lender which launched paper silver trading for individual investors in August of last year. The other large Chinese Banks have also introduced silver trading. The trading volume of ICBC's paper silver products alone reached 300 tons in the first half of 2011, almost four times the figure for the whole of 2010. That's right, one Chinese bank alone sold 300 tons or over 10.5 million ounces of silver in only 6 months. In only their first year of trading, ICBC bank alone will sell over 20 million ounces of silver which alone would represent over 2% of the total amount of silver mined on earth for the entire year.
The key factor to pay attention to is that most of these silver purchases are forward contracts and not the actual physical silver. What happens when Chinese investors demand physical silver instead of paper silver?
Modern day commodity markets are characterized by a continuing divergence between the “paper” and the real “physical” markets. The Chinese silver market is no different.
Most commodities trading takes place between parties than have no physical supply of the materials. In the Silver market, the distortion between the physical and paper markets is extreme. Every day in the global markets, $50 Billion dollars of silver can be sold daily by parties that actually own no silver. The global silver market will trade 1 billion ounces daily in global markets which is more than the entire amount of silver mined each year, which is close to 900 million ounces.
Demand for precious metals in China is skyrocketing. High inflation and a lack of investment options are the main culprits. With new housing regulations bringing housing investment to a standstill, investors are looking for new ways to invest cash. The housing market looks to go down and the stock market is widely viewed as corrupt and risky. Gold and silver are becoming increasingly popular.
China’s net imports of silver hit a record high in 2010 with the volume quadrupling to a total import amount of 3,500 tons. This is a major shift as China was previously a net exporter.
In China, silver has served historically as the main medium of exchange in China. It was an official currency in China as far back as the Han Dynasty (206BC-220AD). Silver Ingots were used to horde wealth and Silver Taels were produced by the government to function as currency or to back a paper currency. The Chinese word for “Bank” is literally translated as “Silver House”.
Chinese silver trading is largely a paper market today. Chinese Banks are selling paper silver in massive amounts which will no doubt continue to double or triple year after year. These paper silver contracts are redeemable in silver bars at the banks yet the banks do not have the silver. Chinese investors are often fickle and enjoy hard assets. What kind of short squeeze will develop when Chinese banks are forced to go onto the open market and buy physical silver to support Chinese investors when they switch from paper silver to physical silver?
What is the Mandarin term for “The mother of all short squeezes”?
als gedanken zur/in der wartezeit ist sich das "vor-augen-halten" dessen
was auf uns zukommen wird (es ist nur die frage wann !!! dass es kommen
wird ist wohl unausweichlich) :
Chinese Silver Investment Going Parabolic
By Dan Collins11/01/2011
Share
Font Size
When 1.3 Billion people start investing in something…you might want to pay attention.
Chinese investment in silver has exploded since last year, with the trading volume going exponential. The China Daily reported today that the trading volume of silver forwards on the Shanghai Gold Exchange (SGE), China's only exchange for the precious metal, surged 751 percent year-on-year in 2010. Meanwhile, the volume in September of this year was more than six times that of the same period in 2010.
Chinese commercial banks are now selling silver to investors in the hundreds of tons. One example is the Industrial and Commercial Bank of China Ltd (ICBC), China's biggest lender which launched paper silver trading for individual investors in August of last year. The other large Chinese Banks have also introduced silver trading. The trading volume of ICBC's paper silver products alone reached 300 tons in the first half of 2011, almost four times the figure for the whole of 2010. That's right, one Chinese bank alone sold 300 tons or over 10.5 million ounces of silver in only 6 months. In only their first year of trading, ICBC bank alone will sell over 20 million ounces of silver which alone would represent over 2% of the total amount of silver mined on earth for the entire year.
The key factor to pay attention to is that most of these silver purchases are forward contracts and not the actual physical silver. What happens when Chinese investors demand physical silver instead of paper silver?
Modern day commodity markets are characterized by a continuing divergence between the “paper” and the real “physical” markets. The Chinese silver market is no different.
Most commodities trading takes place between parties than have no physical supply of the materials. In the Silver market, the distortion between the physical and paper markets is extreme. Every day in the global markets, $50 Billion dollars of silver can be sold daily by parties that actually own no silver. The global silver market will trade 1 billion ounces daily in global markets which is more than the entire amount of silver mined each year, which is close to 900 million ounces.
Demand for precious metals in China is skyrocketing. High inflation and a lack of investment options are the main culprits. With new housing regulations bringing housing investment to a standstill, investors are looking for new ways to invest cash. The housing market looks to go down and the stock market is widely viewed as corrupt and risky. Gold and silver are becoming increasingly popular.
China’s net imports of silver hit a record high in 2010 with the volume quadrupling to a total import amount of 3,500 tons. This is a major shift as China was previously a net exporter.
In China, silver has served historically as the main medium of exchange in China. It was an official currency in China as far back as the Han Dynasty (206BC-220AD). Silver Ingots were used to horde wealth and Silver Taels were produced by the government to function as currency or to back a paper currency. The Chinese word for “Bank” is literally translated as “Silver House”.
Chinese silver trading is largely a paper market today. Chinese Banks are selling paper silver in massive amounts which will no doubt continue to double or triple year after year. These paper silver contracts are redeemable in silver bars at the banks yet the banks do not have the silver. Chinese investors are often fickle and enjoy hard assets. What kind of short squeeze will develop when Chinese banks are forced to go onto the open market and buy physical silver to support Chinese investors when they switch from paper silver to physical silver?
What is the Mandarin term for “The mother of all short squeezes”?
Antwort auf Beitrag Nr.: 42.325.782 von klaus3132 am 09.11.11 15:21:19na, ja, auch wenn´s hier "sell on good news" sind, sollte man(n)/frau sich
vor augen halten, dass das letzte quartal im grunde das sommer-Q war,
welches , gemäß den analen, immer das schwächste war.
und wenn wir dann mit diesem ergebnis doch im grunde genommen hoch zufrieden
sein können, was steht dann im nächsten Q an ??
auch, wie bereits erwähnt, wenn dies imo eine momentaufnahme ist,
keep faith, patience, patience ........ geld wird mit dem arsch ersessen,
auch wenn´s doch widersprüchlich sein mag (liegenlassen und schlafen drüber,
zählt ja heute nicht mehr !?).
wie richtig erwähnt lasst uns in einem halben jahr den kurs ansehen;
ich bin sicher wir beissen uns wohin, nicht doch noch das eine oder andere
stück mehr gebunkert zu haben.
auch wenn´s hier vielleicht nicht so recht hingehört, ein weiteres
silver-assest ist in u.s.silver zu sehen. katastrophal unterbewertet
in bezug auf die vorhandenen hard-/soft-facts. wen´s interessiert
schau sich´s mal an; und bitte eigene dd machen wie hier auch.
da griechenland und ich hoffe auch italien morgen gute nachrichten ver-
melden, werden wir morgen, so hoffe ich zumindest resp. bin überzeugt,
einen versöhnlichen wochenabschluß finden.
elsolivars
vor augen halten, dass das letzte quartal im grunde das sommer-Q war,
welches , gemäß den analen, immer das schwächste war.
und wenn wir dann mit diesem ergebnis doch im grunde genommen hoch zufrieden
sein können, was steht dann im nächsten Q an ??
auch, wie bereits erwähnt, wenn dies imo eine momentaufnahme ist,
keep faith, patience, patience ........ geld wird mit dem arsch ersessen,
auch wenn´s doch widersprüchlich sein mag (liegenlassen und schlafen drüber,
zählt ja heute nicht mehr !?).
wie richtig erwähnt lasst uns in einem halben jahr den kurs ansehen;
ich bin sicher wir beissen uns wohin, nicht doch noch das eine oder andere
stück mehr gebunkert zu haben.
auch wenn´s hier vielleicht nicht so recht hingehört, ein weiteres
silver-assest ist in u.s.silver zu sehen. katastrophal unterbewertet
in bezug auf die vorhandenen hard-/soft-facts. wen´s interessiert
schau sich´s mal an; und bitte eigene dd machen wie hier auch.
da griechenland und ich hoffe auch italien morgen gute nachrichten ver-
melden, werden wir morgen, so hoffe ich zumindest resp. bin überzeugt,
einen versöhnlichen wochenabschluß finden.
elsolivars
Antwort auf Beitrag Nr.: 42.325.347 von grasgruener am 09.11.11 14:10:51tja,oder nen "sell on good news" 
aber wir werden ja sehen,ist halt nur eine moment aufnahme,in 6-9 monaten ist das eh alles käse von gestern und manch einer würde dann gerne zu solchen preisen shares käuflich erwerben
allen noch nen schönen abend,mfg
aber wir werden ja sehen,ist halt nur eine moment aufnahme,in 6-9 monaten ist das eh alles käse von gestern und manch einer würde dann gerne zu solchen preisen shares käuflich erwerben
allen noch nen schönen abend,mfg
top ergebnisse!
wird weiter steigen.........
SVM hat negative Cashcots! fast einzigartig in der Branche........
wird weiter steigen.........
SVM hat negative Cashcots! fast einzigartig in der Branche........
Trading Spotlight
Silvercorp Increases Dividend by 25%; Announces Second Quarter Dividend of CAD$0.025
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2011) - Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) ("Silvercorp" or the "Company") today announced that its Board of Directors has increased the amount of its quarterly dividend by 25%, from CAD$0.02 per share (CAD$0.08 annualized) to CAD$0.025 per share (CAD$0.10 annualized). The Company first began paying dividends in 2007 with an annual dividend of $0.05.
Today's declared second quarter fiscal 2012 dividend of CAD$0.025 per share is to be paid on or before January 20, 2012 to shareholders of record at the close of business on December 31, 2011. The dividends are considered eligible dividends for Canadian tax purposes.
Based on Silvercorp's earnings growth and strong cash flow performance, the Board of Directors has determined that Silvercorp is in a position to provide an additional return to shareholders through a 25% dividend increase. With its strong financial position, the Company believes that it can increase dividends, while at the same time continuing to grow its business through further investments in exploration, mine development and acquisitions. The declaration and amount of any future dividends will be at the full discretion of the Board of Directors, and may be adjusted in the future based on fluctuations in metal prices and cash flows.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2011) - Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) ("Silvercorp" or the "Company") today announced that its Board of Directors has increased the amount of its quarterly dividend by 25%, from CAD$0.02 per share (CAD$0.08 annualized) to CAD$0.025 per share (CAD$0.10 annualized). The Company first began paying dividends in 2007 with an annual dividend of $0.05.
Today's declared second quarter fiscal 2012 dividend of CAD$0.025 per share is to be paid on or before January 20, 2012 to shareholders of record at the close of business on December 31, 2011. The dividends are considered eligible dividends for Canadian tax purposes.
Based on Silvercorp's earnings growth and strong cash flow performance, the Board of Directors has determined that Silvercorp is in a position to provide an additional return to shareholders through a 25% dividend increase. With its strong financial position, the Company believes that it can increase dividends, while at the same time continuing to grow its business through further investments in exploration, mine development and acquisitions. The declaration and amount of any future dividends will be at the full discretion of the Board of Directors, and may be adjusted in the future based on fluctuations in metal prices and cash flows.
Antwort auf Beitrag Nr.: 42.322.436 von sloopjohn am 09.11.11 01:13:17und bitte auch nicht zu vergessen, dass die nun vorliegenden
ergebnisse ungeachtet des ganzen troubles und der kosten im zusammenhang
mit dem ganzen hick-hack und shorten zustande gekommen sind !!!!!!
man kann sicherlich sagen : eine meisterliche leistung !!
was mich besonders ankäääst ist dass man dann ein großes geschrei an-
fängt wenn man feststellen (!) darf dass in der differenz zwischen
dem erwarteten und dem tatsächlich ergebniss eventuell 1 cent
(in worten : ein cent) differenz bestehen.
hallooooo, geht´s noch ??????
laßt den silberpreis mal steigen, was glaubt ihr welcher hebel
dann zur wirkung kommt.
ohne dass teil hier puschen zu wollen, die aktuelle preisstellung
ist im grunde ein witz.
vor etwa einem jahr standen wir bei rund 12,5 usd und einem silber-
preis von etwa 27 usd per unze.
heute, wo wir rund 70 % höher liegen jedoch einen silberpreis von rund
34 usd haben ist unser kurs gerade mal bei gut 9,5 usd.
wer spricht da von real bewertet ????? eher unterbewertet, und zwar
massivst wenn man den eingangs erwähnten kurs von vor einem jahr
betrachtet. die differenz liegt sicher bei rund 35 prozent im minimum.
aktuell ergeben sich rund 55 cent erlös pro share aufs jahr bezogen.
also ein pe von rund 17.
zieht man nun die peer-group heran, so ist sicher noch reichlich
luft nach oben gegeben ------ ob´s nun die hard-fact´s oder auch
die weich-faktoren betrifft.
auf eine tolle end-ralley
elsolivars
ergebnisse ungeachtet des ganzen troubles und der kosten im zusammenhang
mit dem ganzen hick-hack und shorten zustande gekommen sind !!!!!!
man kann sicherlich sagen : eine meisterliche leistung !!
was mich besonders ankäääst ist dass man dann ein großes geschrei an-
fängt wenn man feststellen (!) darf dass in der differenz zwischen
dem erwarteten und dem tatsächlich ergebniss eventuell 1 cent
(in worten : ein cent) differenz bestehen.
hallooooo, geht´s noch ??????
laßt den silberpreis mal steigen, was glaubt ihr welcher hebel
dann zur wirkung kommt.
ohne dass teil hier puschen zu wollen, die aktuelle preisstellung
ist im grunde ein witz.
vor etwa einem jahr standen wir bei rund 12,5 usd und einem silber-
preis von etwa 27 usd per unze.
heute, wo wir rund 70 % höher liegen jedoch einen silberpreis von rund
34 usd haben ist unser kurs gerade mal bei gut 9,5 usd.
wer spricht da von real bewertet ????? eher unterbewertet, und zwar
massivst wenn man den eingangs erwähnten kurs von vor einem jahr
betrachtet. die differenz liegt sicher bei rund 35 prozent im minimum.
aktuell ergeben sich rund 55 cent erlös pro share aufs jahr bezogen.
also ein pe von rund 17.
zieht man nun die peer-group heran, so ist sicher noch reichlich
luft nach oben gegeben ------ ob´s nun die hard-fact´s oder auch
die weich-faktoren betrifft.
auf eine tolle end-ralley
elsolivars
Antwort auf Beitrag Nr.: 42.322.433 von sloopjohn am 09.11.11 01:06:06Noch was vergessen:
UPDATED CONFERENCE CALL AND WEBCAST INFORMATION
New Time and New Dial-In Number
A conference call and live audio webcast to discuss these results is scheduled as follows:
Date: Wednesday, November 9, 2011
Time: 7:00 am PT (10:00 am ET)
Dial-In Number: 1-612-332-0636
Live audio webcast: www.silvercorp.ca (click on the link on the home page)
Playback webcast can be accessed at: www.silvercorp.ca
UPDATED CONFERENCE CALL AND WEBCAST INFORMATION
New Time and New Dial-In Number
A conference call and live audio webcast to discuss these results is scheduled as follows:
Date: Wednesday, November 9, 2011
Time: 7:00 am PT (10:00 am ET)
Dial-In Number: 1-612-332-0636
Live audio webcast: www.silvercorp.ca (click on the link on the home page)
Playback webcast can be accessed at: www.silvercorp.ca
Antwort auf Beitrag Nr.: 42.322.339 von elsolivars am 08.11.11 23:47:26Gerne.
Bedanken sollten wir uns angesichts der rundum überzeugenden Zahlen jedoch vor allem zunächst mal bei unserem Management, welches m. E. -insesondere auch, was die allseits bekannten "Nebenkriegsschauplätze" angeht,- eine souveräne Vorstellung abgeliefert hat.
Gute Zahlen sind das eine; wer mich kennt, der weiß aber auch, dass mir die Ausblicke, weiteren Vorhaben und Zukunftsperspektiven eigentlich immer noch wichtiger waren. Und von dem her haben mir die folgenden Passagen in der heutigen Meldung, die ich der Einfachheit halber hier jetzt mal einstelle, natürlich besonders gut gefallen:
[i]"ACQUISITION, EXPLORATION AND PROJECT DEVELOPMENT
Ying Mining District, Henan Province, China
The Company is continuing its 40,000 metre (m) tunnelling and 171,000 m underground drilling program at the Ying Mining District for fiscal year 2012 to further expand resources and increase production. Together with mine developments, a total of 23,510 m of tunnelling (2 m by 2 m in dimension), 54,977 m of diamond drilling and 411 m of shafts and declines development were completed in the quarter at a cost of $6.8 million.
An improved mining technique for resuing mining stopes has been implemented in all four mines at the Ying Mining District in October 2011. The method is to first cut a 1.5 m deep hole with 1.0 m in length with a width matching true width of a vein at every lift, and then drill upward to blast holes along the vein. Those holes are blasted using the first cut hole as free space. This improved mining technique will reduce mining dilution by 5 to 10%.
Due to constraints in mining contractors' ability to employ skilled miners and organize mine production in the gradually tightening labour market in China, and in order to improve mine productivity, the Company is in the process of establishing its own mining crews to carry out mining operations. It is expected to take about one year for the Company to complete this transition.
During the quarter, the Company commenced the development of a 5,200 m access ramp, with dimensions of 4 m by 4.5 m, at the Ying mine starting from the 580 m elevation and going down to zero metre elevation. The access ramp will provide access to the S7-1 vein in which resources were expanded by the recent drilling, and provide access to future mining operations below zero metre elevation. The access ramp is expected to be completed in two and half years.
The Company has also commenced the development of a 4,800 m access ramp with dimensions of 4 m by 4.5 m at the southwest corner of the TLP Mining Permit, adjacent to the LM Mining Permit, from about 980 m elevation to 500 m elevation. The access ramp will provide access to a swarm of mineralized veins discovered. Currently, the Company is producing approximately 60,000 tonnes per year from the LM mine. Once the access ramp is completed in two and half years, the mining capacity at the LM mine is expected to increase to approximately 200,000 tonnes per year.
GC Project, Guangdong Province, China
During the quarter, the Company paid approximately $3 million cash to complete the acquisition of land usage rights for the GC mine and milling sites. Furthermore, mill and mine construction has commenced during the quarter with site preparation work, including the construction of access roads, water supply, and power lines, being completed. Since August, mining contractors have moved into the GC mine site and are well on track with the mine construction, completing 320 m of a 4 m by 4.5 m main access ramp and 20 m of the planned 620 m vertical shaft. The building of a construction head-frame for developing the vertical shaft is underway.
The Company also successfully negotiated and entered into an agreement with a building contractor to construct a 1,600 t/d capacity floatation mill that is capable of producing silver-lead, zinc, pyrite floatation concentrates and a tin gravity concentrate. This is the same contractor who built the Company's two mills at the Ying Mining District. Milling equipment was sourced and the final purchase contract is expected to be signed in November 2011. In accordance with plans, the mill should be completed by July 2012 with an estimated cost of approximately RMB 100 million, or US$17 million.
During the quarter, the GC surface drilling program consisting of three drill rigs continued to perform step-out drilling.
Silvercorp has retained AMC Consultants of Vancouver in February 2011 to convert the Chinese design report on the GC project into an NI 43-101 qualified report. The AMC report is expected to be completed in November 2011.
BYP Mine, Hunan Province, China
During the quarter, production at the BYP mine continued to ramp up with 19,813 tonnes of ore being processed, yielding 1,613 ounces of gold as mill production resumed in August following a temporary halt in June while the Company installed a liner in the tailing pond.
The Company will continue to utilize the existing 500 t/d floatation mill to mine and process gold mineralization with an initial focus on higher grade mineralization areas.
The Company's engineers continue to work with a qualified Chinese engineering firm to complete a detailed and staged mining and development plan to fulfill the Company's production goal of expanding the mining and milling capacity to 1,500 t/d for fiscal 2013. The cost of mill expansion is about $10 million.
Construction of an 800 t/d backfill facility to fill up gold mineralization stopes is underway, which will cost around $1.5 million and will be completed in July 2012.
The Company also started to sink a 180 m deep, 3.5 m diameter, shaft from 380 m to 200 m elevations. The shaft will mainly be utilized to mine the #3 gold mineralization body. The cost of the shaft is about $1 million and is expected to be completed in April 2012.
XBG Project, Henan Province, China
In the current quarter, the Company completed the acquisition of a 90% equity interest in Zhongxing and Chuanxin through its 77.5% owned subsidiary, Henan Found Mining Co. Ltd. The main assets acquired are the high grade XBG silver-gold-lead-zinc mine with a mining permit covering 26.36 square kilometres and the adjacent NTM gold exploration permit covering 2.54 square kilometres along with a 350 t/d floatation mill and the environment permit to construct a 1,000 t/d floatation mill.
Exploration, mine development and small scale tunnelling mining have been on-going since the mining permit was issued in November 2010. By the end of July 2011, a total of 4,500 m of mine tunnels and several shallow shafts were developed in the mine area. Based on Zhongxing's records, over 20,000 tonnes of silver-lead-zinc ore were mined, of which about 12,000 tonnes of ore were milled by the 350 t/d flotation mill. Metal recoveries from the test milling were reported to be over 90% for silver and lead and 80% for gold and zinc.
The Company intends to commence a comprehensive exploration program that includes surface and underground mapping and sampling, and surface and underground diamond drilling to explore the existing veins and discover additional veins. The exploration program is expected to be self-funded by cash-flow generated from continuing mining activities from the existing tunnels and processed from the existing 350 t/d floatation mill.
Silvertip Project, British Columbia, Canada
During the quarter, the Company continued its effort in completing a Small Mine Permit application. At the same time, the Company conducted the 2011 exploration program to test the DM zone, a new zone of silver-lead-zinc mineralization approximately eight kilometres to the south of Silvertip Mountain. The 2011 exploration program is now substantially completed, with assay results pending.
PRODUCTION GUIDANCE FOR THE FISCAL YEAR 2012
During the first six months of fiscal year 2012, 3.0 million ounces of silver, 1,703 ounces of gold and 44.5 million pounds of lead and zinc were produced and sold from the four mines at the Ying Mining District. This is on track for the fiscal year 2012 Production Guidance for the Ying Mining District, which is to process 600,000 tonnes of ore at grades of 325g/t silver, 0.4g/t gold, 6% lead and 1.9% zinc, yielding 5.6 million ounces of silver, 4,000 ounces of gold, and 90 million pounds of lead and zinc. Total production cost is estimated at approximately $75 per tonne of ore.
For fiscal 2012, the BYP mine is expected to mine and mill 95,000 tonnes of ore at a grade of 6 g/t gold, yielding approximately 17,000 ounces of gold at an estimated total production cost of $28 per tonne of ore."[/i]
BTW: In Anbetracht der Tatsache, dass die Ankündigungen der Vergangenheit i.d.R. punktgenau abgearbeitet wurden, kann man also im Hinblick auf Potenzial und Dimensionen dessen, was da vorstehend ausgeführt wird, durchaus schon mal prophylaktisch ins Schwärmen geraten.
In diesem Sinne nochmals erfreuliche & zukunftsorientierte Grüße,
sloop
Bedanken sollten wir uns angesichts der rundum überzeugenden Zahlen jedoch vor allem zunächst mal bei unserem Management, welches m. E. -insesondere auch, was die allseits bekannten "Nebenkriegsschauplätze" angeht,- eine souveräne Vorstellung abgeliefert hat.
Gute Zahlen sind das eine; wer mich kennt, der weiß aber auch, dass mir die Ausblicke, weiteren Vorhaben und Zukunftsperspektiven eigentlich immer noch wichtiger waren. Und von dem her haben mir die folgenden Passagen in der heutigen Meldung, die ich der Einfachheit halber hier jetzt mal einstelle, natürlich besonders gut gefallen:
[i]"ACQUISITION, EXPLORATION AND PROJECT DEVELOPMENT
Ying Mining District, Henan Province, China
The Company is continuing its 40,000 metre (m) tunnelling and 171,000 m underground drilling program at the Ying Mining District for fiscal year 2012 to further expand resources and increase production. Together with mine developments, a total of 23,510 m of tunnelling (2 m by 2 m in dimension), 54,977 m of diamond drilling and 411 m of shafts and declines development were completed in the quarter at a cost of $6.8 million.
An improved mining technique for resuing mining stopes has been implemented in all four mines at the Ying Mining District in October 2011. The method is to first cut a 1.5 m deep hole with 1.0 m in length with a width matching true width of a vein at every lift, and then drill upward to blast holes along the vein. Those holes are blasted using the first cut hole as free space. This improved mining technique will reduce mining dilution by 5 to 10%.
Due to constraints in mining contractors' ability to employ skilled miners and organize mine production in the gradually tightening labour market in China, and in order to improve mine productivity, the Company is in the process of establishing its own mining crews to carry out mining operations. It is expected to take about one year for the Company to complete this transition.
During the quarter, the Company commenced the development of a 5,200 m access ramp, with dimensions of 4 m by 4.5 m, at the Ying mine starting from the 580 m elevation and going down to zero metre elevation. The access ramp will provide access to the S7-1 vein in which resources were expanded by the recent drilling, and provide access to future mining operations below zero metre elevation. The access ramp is expected to be completed in two and half years.
The Company has also commenced the development of a 4,800 m access ramp with dimensions of 4 m by 4.5 m at the southwest corner of the TLP Mining Permit, adjacent to the LM Mining Permit, from about 980 m elevation to 500 m elevation. The access ramp will provide access to a swarm of mineralized veins discovered. Currently, the Company is producing approximately 60,000 tonnes per year from the LM mine. Once the access ramp is completed in two and half years, the mining capacity at the LM mine is expected to increase to approximately 200,000 tonnes per year.
GC Project, Guangdong Province, China
During the quarter, the Company paid approximately $3 million cash to complete the acquisition of land usage rights for the GC mine and milling sites. Furthermore, mill and mine construction has commenced during the quarter with site preparation work, including the construction of access roads, water supply, and power lines, being completed. Since August, mining contractors have moved into the GC mine site and are well on track with the mine construction, completing 320 m of a 4 m by 4.5 m main access ramp and 20 m of the planned 620 m vertical shaft. The building of a construction head-frame for developing the vertical shaft is underway.
The Company also successfully negotiated and entered into an agreement with a building contractor to construct a 1,600 t/d capacity floatation mill that is capable of producing silver-lead, zinc, pyrite floatation concentrates and a tin gravity concentrate. This is the same contractor who built the Company's two mills at the Ying Mining District. Milling equipment was sourced and the final purchase contract is expected to be signed in November 2011. In accordance with plans, the mill should be completed by July 2012 with an estimated cost of approximately RMB 100 million, or US$17 million.
During the quarter, the GC surface drilling program consisting of three drill rigs continued to perform step-out drilling.
Silvercorp has retained AMC Consultants of Vancouver in February 2011 to convert the Chinese design report on the GC project into an NI 43-101 qualified report. The AMC report is expected to be completed in November 2011.
BYP Mine, Hunan Province, China
During the quarter, production at the BYP mine continued to ramp up with 19,813 tonnes of ore being processed, yielding 1,613 ounces of gold as mill production resumed in August following a temporary halt in June while the Company installed a liner in the tailing pond.
The Company will continue to utilize the existing 500 t/d floatation mill to mine and process gold mineralization with an initial focus on higher grade mineralization areas.
The Company's engineers continue to work with a qualified Chinese engineering firm to complete a detailed and staged mining and development plan to fulfill the Company's production goal of expanding the mining and milling capacity to 1,500 t/d for fiscal 2013. The cost of mill expansion is about $10 million.
Construction of an 800 t/d backfill facility to fill up gold mineralization stopes is underway, which will cost around $1.5 million and will be completed in July 2012.
The Company also started to sink a 180 m deep, 3.5 m diameter, shaft from 380 m to 200 m elevations. The shaft will mainly be utilized to mine the #3 gold mineralization body. The cost of the shaft is about $1 million and is expected to be completed in April 2012.
XBG Project, Henan Province, China
In the current quarter, the Company completed the acquisition of a 90% equity interest in Zhongxing and Chuanxin through its 77.5% owned subsidiary, Henan Found Mining Co. Ltd. The main assets acquired are the high grade XBG silver-gold-lead-zinc mine with a mining permit covering 26.36 square kilometres and the adjacent NTM gold exploration permit covering 2.54 square kilometres along with a 350 t/d floatation mill and the environment permit to construct a 1,000 t/d floatation mill.
Exploration, mine development and small scale tunnelling mining have been on-going since the mining permit was issued in November 2010. By the end of July 2011, a total of 4,500 m of mine tunnels and several shallow shafts were developed in the mine area. Based on Zhongxing's records, over 20,000 tonnes of silver-lead-zinc ore were mined, of which about 12,000 tonnes of ore were milled by the 350 t/d flotation mill. Metal recoveries from the test milling were reported to be over 90% for silver and lead and 80% for gold and zinc.
The Company intends to commence a comprehensive exploration program that includes surface and underground mapping and sampling, and surface and underground diamond drilling to explore the existing veins and discover additional veins. The exploration program is expected to be self-funded by cash-flow generated from continuing mining activities from the existing tunnels and processed from the existing 350 t/d floatation mill.
Silvertip Project, British Columbia, Canada
During the quarter, the Company continued its effort in completing a Small Mine Permit application. At the same time, the Company conducted the 2011 exploration program to test the DM zone, a new zone of silver-lead-zinc mineralization approximately eight kilometres to the south of Silvertip Mountain. The 2011 exploration program is now substantially completed, with assay results pending.
PRODUCTION GUIDANCE FOR THE FISCAL YEAR 2012
During the first six months of fiscal year 2012, 3.0 million ounces of silver, 1,703 ounces of gold and 44.5 million pounds of lead and zinc were produced and sold from the four mines at the Ying Mining District. This is on track for the fiscal year 2012 Production Guidance for the Ying Mining District, which is to process 600,000 tonnes of ore at grades of 325g/t silver, 0.4g/t gold, 6% lead and 1.9% zinc, yielding 5.6 million ounces of silver, 4,000 ounces of gold, and 90 million pounds of lead and zinc. Total production cost is estimated at approximately $75 per tonne of ore.
For fiscal 2012, the BYP mine is expected to mine and mill 95,000 tonnes of ore at a grade of 6 g/t gold, yielding approximately 17,000 ounces of gold at an estimated total production cost of $28 per tonne of ore."[/i]
BTW: In Anbetracht der Tatsache, dass die Ankündigungen der Vergangenheit i.d.R. punktgenau abgearbeitet wurden, kann man also im Hinblick auf Potenzial und Dimensionen dessen, was da vorstehend ausgeführt wird, durchaus schon mal prophylaktisch ins Schwärmen geraten.
In diesem Sinne nochmals erfreuliche & zukunftsorientierte Grüße,
sloop
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