DAX-0,93 % EUR/USD-0,06 % Gold-0,27 % Öl (Brent)+0,56 %

Silvercorp Metals - Jetzt geht\'s hier richtig los!


WKN: A0EAS0 | Symbol: SVM
4,970
C$
20.08.19
Toronto
+2,69 %
+0,130 CAD

Begriffe und/oder Benutzer

 

Hallo @all,

meiner Meinung nach hat Silvercorp Metals (WKN A0EAS0) allmählich mal einen eigenen thread verdient. Seit "ewig" auf der watchlist, seit einigen Monaten erste Position im Depot, wird es wohl hier in Zukunft richtig abgehen.

Gründe:

1. fundamental extrem gut aufgestellt / Entwicklung vom Explorer zum Produzenten / Silber als der zukünftige Rohstoffwert

2. unmittelbar bevorstehende Aufnahmen in qualitativ höherstehende Indizes (S&P/TSX Composite, S&P/TSX Smallcap-Index, zugehörige Capped-Indizes, GICS-Index)

3. wachsende Aufmerksamkeit am Markt auch in Europa


zu 1)

sämtliche Infos sind in allen Einzelheiten auf

http://silvercorp.ca/index.html

in hervorragender Form aufbereitet und nachzulesen


zu 2)

Attention Business Editors

Standard & Poor\'s Announces Changes In S&P/TSX Canadian Indices
TORONTO, Dec. 8 /CNW/ - Standard & Poor\'s Canadian Index Operations announces the following index changes as a result of the Quarterly S&P/TSX Composite Index Review. These changes will be effective at the open on Monday,
December 18, 2006

<<
S&P/TSX COMPOSITE INDEX
-------------------------------------------------------------------------
ADDS
-------------------------------------------------------------------------
Issue Name Symbol 60/MidCap/SmallCap Live Composite GICS
Sector Index
-------------------------------------------------------------------------
Blue Pearl Mining Materials, Div.
Ltd. BLE SmallCap Metals &Mining
-------------------------------------------------------------------------
Dundee REIT D.UN SmallCap Income Trust, Real
Estate, REIT
-------------------------------------------------------------------------
Equinox Minerals Materials, Div.
Limited EQN SmallCap Metals & Mining
-------------------------------------------------------------------------
Galleon Energy Inc. GO.A SmallCap Energy
-------------------------------------------------------------------------
Northgate Minerals
Corporation NGX SmallCap Materials
-------------------------------------------------------------------------
Silvercorp Metals
Inc. SVM SmallCap Materials
-------------------------------------------------------------------------
Synenco Energy Inc. SYN SmallCap Energy
-------------------------------------------------------------------------

DELETES
-------------------------------------------------------------------------
Issue Name Symbol 60/MidCap/SmallCap Live Composite GICS
Sector Index
-------------------------------------------------------------------------
Rider Resources Ltd. RRZ SmallCap Energy
-------------------------------------------------------------------------
Southwestern
Resources Corp. SWG SmallCap Materials
-------------------------------------------------------------------------
TLC Vision
Corporation TLC SmallCap Health Care
-------------------------------------------------------------------------
>>

Changes to the S&P/TSX Composite Index will also affect the S&P/TSX
Capped Composite Index. Stocks added to or removed from the S&P/TSX Composite Index will also be added to or removed from the appropriate Global Industry Classification Standard (GICS) index.
Company additions to and deletions from an S&P index do not in any way reflect an opinion on the investment merits of the company.

Standard & Poor\'s, a division of The McGraw-Hill Companies (NYSE:MHP), is the world\'s foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 6,300 employees located in 21 countries, Standard & Poor\'s is an essential part of the world\'s financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.

Founded in 1888, The McGraw-Hill Companies is a leading global
information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor\'s, BusinessWeek, McGraw-Hill Education and J.D. Power and Associates. The Corporation has more than 290 offices in 38 countries. Sales in 2005 were $6.0 billion. Additional information is available at
http://www.mcgraw-hill.com.

Anmerkung: einen Vorgeschmack davon, was solche Listings bei anderen fundamental excellenten, aber schon bekannteren Werten auslösen können, sieht man, wenn man sich derzeit Blue Pearl Mining (A0F577) anschaut. (Aufnahme in die genannten Indizes erfolgt zeitgleich mit Silvercorp)

zu 3) Beispiele:

04.10.2006

Silvercorp Metals Inc. meldet ersten Cash Flow aus der Produktion

Silber hat korrigiert, parallel dazu sind auch Unternehmensbewertungen zurückgekommen, Silvercorp Metals notiert 37 Prozent unter dem Preis der letzten Privatplatzierung (19,10 CAD). Bei einer Erholung des Silberpreises sollte das Unternehmen überdurchschnittlich profitieren.

Silvercorp Metals Inc. (WKN: A0EAS0, TSX:SVM) erschließt die große, extrem hochgradige Ying-Mine in der Provinz Henan, Ostchina. Silvercorp befindet sich mitten im Übergang von einem Explorationsunternehmen zu einer Silber produzierenden Minengesellschaft. Dem Unternehmen wurden Ende März 2006, dem steuerrechtlichen Geschäftsjahresende, planmäßig die Schürfrechte gewährt. Während des ersten Quartals hat Silvercorp sein Team von der reinen Silbererkundung zum Erzabbau übergeleitet. Die Anfangsproduktion soll bis zum 3. Quartal auf das Niveau der vollen Produktion gesteigert werden. Das abgebaute Gestein wird zunächst nur zu einem Konzentrat verarbeitet und anschließend als sehr hochgradiges Erz direkt zu den chinesischen Schmelzen transportiert. Die Gesellschaft ist gerade dabei, die gesamte Infrastruktur für die volle Produktion aufzubauen, dies schließt den Bau einer eigenen Aufbereitung ein, die voraussichtlich Ende April 2007 (Q1/08) fertig gestellt werden soll.
Silvercorps hochgradiges Silber-Blei-Zink-Projekt kann Silber zu sehr günstigen Kosten produzieren, zum einen wegen der hohen Silbergehalte von bis zu 8 Kilo pro Tonne und wegen der so genannten Beiprodukterträge (by-product credits) aus der Produktion von Blei und v.a. Zink. Silvercorp profitiert von einem chinesisch/kanadischen Managementteam, das die Besonderheiten des chinesischen Marktes und Geschäftsgebarens einschließlich der rechtlichen Situation hervorragend versteht. Auf diese Weise kann das politische Risiko gering gehalten werden.

Silvercorp hat das ehrgeizige Ziel, der profitabelste Silberproduzent überhaupt zu werden. Die Gesellschaft hat im 1. Quartal 0,05 CAD pro Aktie verdient. Die Profitmarge für die Ying-Mine lag bei 78,8 Prozent. Das Ziel für das erste Jahr Produktion, das am 31. März 2007 endet, ist ein Gewinn von 0,80 CAD pro Aktie.
Der Wert des gemessenen Metalls im Boden beläuft sich derzeit auf 198 Millionen Unzen Silber-Äquivalent. Bei einem Preis von durchschnittlich 11 USD pro Unze Silber entspräche dies einem Gegenwert von 2 Milliarden USD. Die Silber-Blei-Zink Mine erstreckt sich nur auf einem Zehntel der gesamten Landfläche von rund 65 Quadratkilometern, eineinhalb Mal die Größe von Manhattan.
Silvercorp hat gegenwärtig mehr als 60 Millionen CAD an Barmitteln, nachdem im April 2006 eine Finanzierung über 48 Millionen CAD bei einem Kurs von 19,10 CAD abgeschlossen wurde. Im Juni 2006 hat Silvercorp ein Rückkaufprogramm für bis zu 1.000.000 Aktien an-gekündigt. Die Wachstumsstrategie der Gesellschaft besteht darin, die Produktion zu steigern, Akquisitionen zu tätigen und ggf. weitere Aktien zurückzukaufen. Ebenso beabsichtigt die Gesellschaft Dividendenzahlungen in der Zukunft.
Sprott Securities errechnet in seinem jüngsten Research (August 2006) einen Net Asset Value (NAV) von 15,38 CAD pro Aktie.

Bewertung: Bei einer Bewertung von 4,55 CAD pro Unze im Boden wird Silvercorp in der Nähe zu seiner Peer-Gruppe der großen Silberproduzenten gehandelt. Dabei hat Silvercorp den Vorteil der Beiprodukterträgen, sodass die Cash-Kosten effektiv bei minus 4,00 CAD pro Unze Silber liegen dürften.

Exploration: Die Arbeit auf der Ying-Mine und auf dem HPG-Projekt geht weiter, sodass das Ressourceninventar durch die Entdeckung weiterer Venen vergrößert werden dürfte.

Akquisitionen: Die Fähigkeit des Managements in China Akquisitionen zu sehr günstigen Konditionen zu machen, ermöglicht Silvercorp eine Wachstumsstrategie in China mit geringfügiger Verwässerung für Aktionäre.

Sprott Securities gibt eine Kaufempfehlung mit Kursziel 22,50 CAD pro Aktie auf 12 Monate. Sprott Securities betrachtet Silvercorp "als einzigartiges Weltklasseasset mit nied-rigen Kapitalkosten und einem ertragreichen Produktionsszenario". Hinzu komme, dass das Management seine Fähigkeit bewiesen habe, in China Geschäfte zu machen, die für "west-liche" Geschäftspartner nicht ohne weiteres zugänglich wären.

Autor: Sven Olsson




Laut Trendraketen v. 31.10.06 befindet sich Silvercorp Metals auf dem Weg zum profitabelsten Silberproduzenten der Welt.

Das Unternehmen verfüge mit dem chinesischen Ying-Projekt über eine absolute Weltklasse-Liegenschaft. Die Ressourcenbasis dieses explosiv wachsenden ehemaligen Explorers könne mit über 100 Millionen Unzen nur als gigantisch bezeichnet werden. Das Management habe seine Aktionäre bis jetzt noch nie enttäuscht und habe alle bisherigen Ziele erfolgreich umsetzen können. Die der breiten Öffentlichkeit noch völlig unbekannte Silvercorp Metals werde in naher Zukunft der profitabelste Silberproduzent der Welt sein.

Silvercorp Metals sei eine mit rasanter Geschwindigkeit wachsende kanadische Silberminen-Gesellschaft, welche in China über drei hochaussichtsreiche Projekte verfüge. Für extreme Kurssteigerungen dürfte dabei vor allem das in der Provinz Henan liegende Ying-Projekt verfügen. Diese Weltklasse-Liegenschaft überzeuge nicht nur durch exorbitant hohe Silbergehalte, sondern auch durch geologisch verblüffende Ähnlichkeiten mit dem Coeur d´Alene-Bezirk in Idaho,wo bereits mehr als eine Milliarde Unzen Silber abgebaut werden konnten.

Die auf dem Ying-Projekt erzielten Bohrergebnisse hätten es in sich: so habe man unter anderem 2.790 Gramm je Tonne Silber, 57,33 Prozent Blei und 0,28 Prozent Zink sowie 4.094 Gramm je Tonne Silber, 55,5 Prozent Blei und knapp ein Prozent Zink gefunden. In speziellen Abschnitten seien sogar teilweise mehr als 30 Prozent Zink nachgewiesen worden. Der kommende Silberstar verfüge bereits jetzt über Ressourcen (auf der Basis „inferred“) von knapp 120 Millionen Unzen Silberäquivalenten. Allerdings dürfte sich dieser Ansatz bereits in Kürze als deutlich zu niedrig herausstellen. Zum einen solle man sich vor Augen führen, dass für die Kalkulation der Silberäquivalente lediglich ein Preis von 6,50 Dollar je Feinunze Silber zugrunde gelegt wurde. Dieser Preis liege jedoch 46 % unter der aktuellen Notierung von 12,08 Dollar je Feinunze. Die Ressourcenschätzung in Höhe von knapp 120 Millionen Unzen beziehe sich zudem lediglich auf Teile von 14 Erzadern - das gesamte Potenzial der Liegenschaft sei damit noch nicht einmal ansatzweise ausgeschöpft.

Da Silvercorp Metals hat das Kunststück fertiggebracht habe, sich von einer selbstfinanzierenden Explorationsgesellschaft zu einem überaus schlagkräftigen Produzenten zu mausern, böten sich hier außergewöhnliche Kurschancen. Die Ressourcenbasis, das hochkompetente Management sowie die extreme Wachstumsgeschwindigkeit würden klar für die Aktie sprechen. Interessant sei auch, dass das Management seine Aktionäre bis jetzt noch nie enttäuscht und dass alle bisherigen Ziele erfolgreich umgesetzt habe. Nach Ansicht von "Trendraketen" werde Silvercorp Metals in naher Zukunft zum profitabelste Silberproduzenten der Welt aufsteigen.


Mein vorläufiges Fazit: Insbesondere die bevorstehenden Index-changes sollten -neben allem anderen- das ihre zur weiteren positiven Entwicklung beitragen.

------------------------------------
Hier noch was zum GICS-Index.
Stammt von der S&P-Homepage. Unter

http://www2.standardandpoors.com/servlet/Satellite?pagename=…

finden sich weitere Informationen zu diesem Standard-Handwerkszeug mit dem sich S & P gemeinsam mit MSCI an die professionelle Analysten-, Research- u. Investorenwelt wendet. Auf Grund der Bedeutung dieser anerkannten Schwergewichte für den vorgenannten Adressatenkreis sollte die nun mit dem Listing im S & P Composite/TSX automatisch erfolgende Aufnahme auch in den GICS-Index von nicht zu unterschätzender Relevanz sein. Vielleicht liegt in der Tatsache, dass Silvercorp in Kürze nunmehr endgültig in den Fokus dieser Klientel rückt, vielleicht sogar der "wahre Gewinn" der nächsten Monate.

Unter anderem finden sich unter dem obigen link unter "FAQ" die folgenden Informationen, aus denen (i.V.m. den übrigen hervorragenden Fundamentaldaten) auch Rückschlüsse auf die sich aus der Aufnahme zwangsläufig über kurz oder lang ergebenden Auswirkungen gezogen werden können:


"Frequently Asked Questions about GICS

1. What is the “Global Industry Classification Standard (GICS.)?”

The Global Industry Classification Standard is an enhanced industry classification system jointly developed by Standard & Poor\'s (S&P) and MSCI in 1999. GICS was developed in response to the global financial community’s need for one complete, consistent set of global sector and industry definitions.
GICS has become an industry model widely recognized by market participants worldwide. It sets a foundation for the creation of replicable, custom-tailored portfolios and enables meaningful comparisons of sectors and industries globally. The GICS structure currently has four levels of detail: 10 sectors, 24 industry groups, 64 industries, and 139 sub-industries. Beginning April 30 2006 (close of business), the GICS structure will be comprised of 10 sectors, 24 industry groups, 67 industries and 147 sub-industries. For details of changes to the GICS structure, please go to www.gics.standardandpoors.com.

2. Why is this global classification system important?

GICS was developed and is maintained by two leading global index providers. It has been specifically designed to classify companies globally – in both developed and developing economies.
GICS is designed to meet the needs of the investment community for a classification system that reflects company’s financial performance. Many other systems group companies into classifications designed for tracking GDP and the economy rather than company performance.
GICS provides global coverage and spans two leading global index providers. It provides a detailed view of indices and portfolios, with a universe of coverage beyond the index constituents. Over 33,500 active, publicly traded companies globally are currently classified according to GICS.

3.On which particular advantages do strategists, analysts and investors draw in applying GICS across their analysis and global benchmark selection?

The use of this global standard helps strategists, analysts and investors compare companies outside of their local markets and attract capital into local markets. GICS establishes a common standard that enables asset owners, asset managers and investment research specialists to make global comparisons by industry.
The standardized classification system permits foreign investors to look into local markets and local investors to look out at the rest of the world when comparing stocks within the same industry. GICS helps market participants determine whether stock movements are locally based or are part of a broader global trend. GICS defines peer groups tightly and avoids grouping unlike companies together. Four classification levels allow for more customization and targeting in portfolio, index and derivative product construction.

4. How does GICS affect the family of S&P index products?

Standard & Poor’s has long been a leading provider of indices used by the international financial markets for Portfolio analysis and asset management. By developing indices using the GICS structure, S&P presents a powerful family of sector-based indices that offer a global, consistent set of benchmarks.
GICS enables both S&P and any index provider who adopts the system to develop competing sector indices and index products from a common global standard, enabling asset owners, asset managers, and investment research specialists to make seamless comparisons among indices by industry, by region and globally.

5. Who uses GICS and how pervasive is GICS in the international investment community?

Investors use GICS and all related S&P industry indices and data across the full spectrum of equity market management – including asset management, sector research, portfolio strategy, peer analysis, and client account reporting. The use of GICS enables market participants to identify and analyze a customized group of
companies from a common global standard. The global nature of this system has made it easy for major stock exchanges, such as the Toronto Stock Exchange (TSX), the Australian Stock Exchange (ASX) and the Norex Alliance, and major global investment based organizations, such as the RIXML consortium, to adopt GICS.
Market participants currently using the GICS structure include buy side portfolio managers, institutional and retail brokerage firms, custodians, universities, consultants, and a variety of data distributors.

6. Which classification system, GICS or ICB, provides more detail at the sub-industry level?

At present GICS is a four-level structure, with the highest level broken out into 10 groups (Sectors) and the lowest level into 139 groups (Sub-Industries). ICB is also a four-level structure with the highest level broken out into 10 groups and the lowest level into 104 groups. Beginning April 30 2006 (close of business), the GICS structure will be comprised of 10 sectors, 24 industry groups, 67 industries and 147 sub-industries. For details of
changes to the GICS structure, please go to www.gics.standardandpoors.com.

7. What types of S&P products include GICS?

GICS is the official Standard & Poor\'s industry classification system. Most Standard & Poor\'s products that include an industry classification system use the GICS structure.
All companies in the Standard & Poor’s global family of indices have been classified according to the GICS structure. Standard & Poor’s indices and sub-indices are designed to reflect the sectoral composition of the broad markets they represent. Many of the broad S&P indices are broken down into sector- and/or industry-level indices to provide performance measurements across these markets. The sector weights of an S&P index provide the financial community with a useful benchmark of sectors representation within that market.

8. How is a company assigned a GICS code?

Standard & Poor’s and MSCI jointly assign a company to a single GICS sub-industry according to the definition of its principal business activity as determined by the two companies. Revenues are a significant factor in determining principal business activity; however, earnings analysis and market perception are also important criteria for classification.

9. Are GICS assigned at a company level or a security/issue level?

GICS are assigned at a company level. If a company’s subsidiary files separatefinancials to its reporting government agency, that subsidiary will be considered a separate entity and classified independently under the GICS methodology. Equity securities or issues directly linked to a company will have the same classification as the company.

10.How frequently are companies reviewed for potential GICS changes and how often does a company’s GICS classification generally change?

Companies are reviewed annually at a minimum. Companies are also under constant surveillance for corporate actions. In general, a GICS will change whenever there is a major corporate action that redefines a company\'s primary line of business. At a minimum, annual reviews are conducted to ensure that a company has not redefined its line of business through a series of smaller events.

11. How adaptable is the GICS structure over time?

The four-level GICS structure accurately reflects equities in today’s global investment environment, yet is flexible enough to capture tomorrow’s developments. The eight-digit GICS coding system is designed to adapt easily to the changing investment world. As the global economy changes, sectors, industry group,
industries and sub-industries can be added or divided.

12. General GICS Facts:

Years of history: Varies by S&P product. U.S., Canada and ADRs can go back as far as 1985. The S&P 500, the S&P Global 1200, the S&P Composite 1500 and the S&P/Citigroup indices go back to 1989. Other global companies generally go back to at least 1999.
Estimated percentage of global equity market capitalization classified: Over 95%."

Ich glaube, dass hierdrin langfristig mehr positiver Sprengstoff liegt, als auf den ersten Blick aus der kleinen Nebensatz-Meldung ersichtlich wird.

Weitere Meinungen, Einschätzungen und konstruktive Beiträge herzlich willkommen!

so long
sloop
Schade, scheint (noch) niemanden zu interessieren.
Vielleicht trifft man sich demnächst mal hier bei 15 €... ;)
Hier mal ein kleiner Streifzug durch den wesentlichen news-flow der letzten Monate; möge sich jeder, der will, einen eigenen Eindruck verschaffen. Ist zwar nicht so einfach, als wenn man's in gepushter Form vorgekaut bekommt, dafür auf Dauer aber um so nachhaltiger. ;)
---------------------------------------------------------------

18:17 EST Monday, December 11, 2006

Silvercorp Added to S&P / TSX Composite Index and S&P / TSX Global Gold Index, Effective December 18, 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 11, 2006) - Silvercorp Metals Inc. ("Silvercorp") (TSX:SVM) is pleased to announce that Standard & Poors Canadian Index operations have added Silvercorp to the S&P / TSX Composite Index and the S&P / TSX Capped Gold Index (which has been renamed the S&P / TSX Global Gold Index). The change in both Indexes will be effective at market open, Monday, December 18, 2006.
FOR FURTHER INFORMATION PLEASE CONTACT:
Silvercorp Metals Inc.Rui Feng Chairman & CEO (604) 669-9397
or
Silvercorp Metals Inc. Cathy Fong President (604) 669-9397 (604) 669-9387 (FAX)
Email: info@silvercorp.ca
Website: www.silvercorp.ca
-----------------------------------------------------------------

17:01 EST Monday, November 13, 2006

Silvercorp Doubles Earnings to $0.11 Per Share for the 2nd Quarter Ended September 30, 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 13, 2006) - Silvercorp Metals Inc. (the Company") (TSX:SVM) more than doubled its net earnings to $5,361,840, $0.11 per share on revenues of $10,708,123 for the 2nd quarter ended September 30, 2006 as compared to net earnings of $2,357,580, or $0.05 per share on revenues of $4,333,050 for the 1st quarter ended June 30, 2006.
Mine production at the Ying Property started on April 1, 2006. At this relatively early phase, and as part of a staged start-up to its mining operation, the Company generated gross revenue of $10,708,123 and $15,041,173 for the three-month and six-month periods ended September 30, 2006, respectively, by the selling of the direct shipping ore and silver-lead and zinc concentrates. This resulted in an earnings from mine operations of $8,279,088 and $11,691,802 and a gross margin of 77.3% and 77.7%, for the three-month and six-month periods ended September 30, 2006, respectively.

For the 2nd quarter ended September, 2006, the Company had net earnings of $5,361,840 or $0.11 per share, compared to a net loss of $2,339,299 or $0.06 per share for the same period of 2005. The increase in net earnings for the 2nd quarter ended September 30, 2006 as compared to the net loss for the same period of the prior year was mainly due to the commencement of mine production at Ying Property.

For the three-month period ended September 30, 2006, 40,525 tonnes of ores were extracted, from which 1,723 tonnes of direct shipping ores were hand-sorted for direct shipment to smelter, and 31,115 tonnes of ores were shipped to the custom mills for treatment to recover silver-lead and zinc concentrates. The custom mills have achieved high recovery rates: 93.6% for silver, 97.5% for lead, and 74.2% for zinc. The total production cost for silver adjusted for lead and zinc credits is negative $6.07 per ounce.

For the six-month period ended September 30, 2006, 71,244 tonnes of ores were extracted, from which 2,783 tonnes of direct shipping ores were hand-sorted for direct shipment to smelter, and 51,401 tonnes of ores were shipped to the four custom mills for treatment to recover silver-lead and zinc concentrates. The custom mills have achieved high recovery rates: 92.70% for silver, 97.34% for lead and 77.04% for zinc. The total production cost for silver adjusted for lead and zinc credit is negative $6.21 per ounce.
The 2nd quarter average selling prices, net of value added tax and smelter charges, were: $9.63 per ounce for silver, $345 per ounce for gold, $0.51 per pound for lead, and $1.11 per pound for zinc with average production costs of $2.19 per ounce for silver, $78.34 per ounce for gold, $0.12 per pound for lead, and $0.25 per pound for zinc, respectively.

On September 30, 2006, Silvercorp had a working capital position of $60,425,539 comprised mainly of cash and cash equivalents of $9,214,195, short-term investments of $50,602,000, offset by current liabilities of $3,260,723 without any debt.

Mine production is progressing well and is expected to reach anticipated capacity through staged ramping up of operations. With a view towards further increasing the availability and reliability of local milling capacity, the Company is currently constructing a 600 tonne per day flotation mill; presently, two third party flotation mills with a combined capacity of about 400 tonnes per day are used to treat the ore from the Ying Property through custom milling contracts. When the 600 tonnes per day mill is completed by the end of March 2007, the Company expects to be able to draw upon a combined milling capacity of 1,000 tonnes per day. The mill construction is on schedule with the majority of newly purchased equipments already installed.

Ore production using the re-suing mining method has significantly improved productivity starting September 2006 and it will improve the net earnings for the future quarters. The Company has employed two mining methods in its mine production, namely, the shrinkage and re-suing mining methods. The shrinkage mining method is relatively easy to develop but may result in a larger waste rock dilution factor of over 150% when applied to the narrow, high-grade veins at the Ying Property. Application of the re-suing mining method requires highly skilled miners and takes more time to accomplish; however, it also incurs much lower waste rock dilution, with a dilution factor of less than 20%. Prior to September 2006, most of the ores at Ying were extracted using the shrinkage mining method.

The Company will have three mining permits, namely Ying Mining permit, HPG Mining permit, and NZ mining permit, in Henan province, China, enabling Silvercorp to achieve revenues from gold, silver, lead and zinc ores from three different mining operations upon further exploration and development work. Regarding the HPG project, the Company is currently still waiting for final approval from the Ministry of Commerce of China.
During this quarter, several new concealed veins containing massive galena mineralization were discovered including S14-1, S14-2, S16E1, S16E2, S16E3, S16E4, and S8E. A total of 41 drill holes totaling 11,231m (10 surface and 31 underground drill holes) have been completed. Sixteen of 41 drill holes intercepted massive galena sheets with silver equivalent grade exceeding 1,250 g/t, representing a 39% drilling success rate. During the six month ended September 30, 2006 additional 19,368 meters of tunnels were completed, and a total of 46,942 meters of tunnel have been completed since August 2004.

During the quarter, the Company has also focused on recruiting for key staffing positions, and has elected several independent Directors to its Board. At a time when the Company is in rapid growth and expansion mode, this is expected not only to contribute to an enhanced managerial capacity but also to the promotion and maintaining of corporate governance practices of the highest standard.

The complete financial statements and management discussion and analysis are available for review on our website: www.silvercorp.ca, and on the SEDAR system
at www.sedar.com.
----------------------------------------------------------------

09:00 EST Wednesday, November 08, 2006

Silvercorp Acquires the Third Mining Permit

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2006) - Silvercorp Metals Inc. ("Silvercorp") (TSX:SVM) is pleased to announce that its 77.5% owned subsidiary company, Henan Found Mining Co. Ltd ("Henan Found"), has agreed to acquire a 100% interest in the NZ Gold-Silver project, through acquisition of a private Chinese company by paying the private owner approximately US$1,080,000. The first payment of US$380,000 has been made. The sole asset of the private company is a gold mining permit covering the NZ Gold-Silver project - an area of 3 kilometers (km) long by 0.8 km wide or 2.4 square km in size, approximately 135 km southeast of the Ying Silver Project. The agreement is subject to final approvals by relevant Chinese government agencies.

With this acquisition, Silvercorp will have a total of three mining permits in Henan Province, China: the Ying, HPG, and NZ Mining Permits, enabling Silvercorp to produce gold (Au), silver (Ag), lead (Pb) and zinc (Zn).

Limited underground mining operation on the NZ property from 1995 to 2004 produced a reported total 39,000 tonnes of ore grading about 6 grams per tonne (g/t) Au. The ores were custom milled to recover gold only. Other metal contents found in the ore were not recorded. Currently the mine is not in operation due to lack of development capital and skill.

The NZ Gold-Silver project is located in Nanzhao County of Henan province. Geologically, the project area is situated in the east extension of the Qinling Mountain Belt near the margin of the Northern China Craton, underlain by late Proterozoic metamorphic rocks that were intruded by Mesozoic quartz-feldspar porphyry. Surface mapping and trenching and limited tunnel mining carried out by the Henan Bureau of Geological and Mineral Resources ("HBGMR") and the previous owner's mining operations have defined three sub-parallel Au-Ag-Pb-Zn veins that extend east-westerly and dip steeply. The three veins were developed for nearly 3,000 metres (m) along a 200 to 300 m wide ductile shear zone that extends outside the mining permit boundary. These three veins are also intersected by several northwesterly trending parallel structures, where high grade Au-Ag-Pb-Zn zones were found.
The mineralized ore shoots within the three east-west veins were found to range between 0.7 to 2.7 m in true width and from 400 to 1,360 m in strike length. The best ore shoot, NZ1, in one of the veins is about 650 m in strike length and 1.1 to 2.7 m in true width averaging 11.02 grams per tonne (g/t) Au, 106 g/t Ag, 5.19% Pb, and 16.37% Zn as reported by the HBGMR.
No systematic sampling program was done by the previous owner. Prior to acquiring this project, Henan Found's geologists visited the NZ property and collected several continuous chip and grab samples.

Most of the assay results are from samples taken at or near the surface, which tend to yield lower grade due to surface leaching, as experienced at the Ying project. Once the acquisition is completed and the NZ project has been taken over, a thorough and systematic underground tunnelling and drilling program will be conducted on the property, which will lead to mining production, as the current mining permit is in good standing.

Quality Control
Myles Gao, P.Geo, is the Company's Qualified Person on the project under NI 43-101. The Company's Quality Control/Quality Assurance Program is disclosed in the January 4, 2006 Press Release.
Silvercorp Metals Inc. is engaged in the acquisition, exploration, and mining of precious and base metal mineral properties in China. Currently, Silvercorp's main mining operations are the Ying Ag-Pb-Zn mine, owned through a 77.5% Chinese subsidiary company and the HPG Ag-Pb-Zn mine, owned through a 60% Chinese subsidiary company.
Website:
Based on the exploration work completed during the period, it is expected that a substantial amount of the Inferred resource category estimate defined in the May 2006 Technical Update will be converted to Indicated resource category estimates. Further, it is expected that the estimated inferred resources will be expanded at depth. In addition, Silvercorp's tunneling and drilling program has also discovered several new concealed veins which contain massive galena mineralization: S14-1, S14-2, S16E1, S16E2, S16E3, S16E4, and S8E. The dimension and extents of these veins are not yet fully understood and are subject to further exploration work. Assay results for these new veins are pending.

Significant results from the new tunnels and drill holes are:
- 0.45m true width grading 2,090 grams per tonne (g/t) or 67.26 ounces per tonne (oz/t) silver (Ag), 34.44 % lead (Pb), 9.77% zinc (Zn) from a raise at 464m elevation on the S2 Vein.

- 1.31m interception grading 2,986 g/t or 96 oz/t Ag, 51.03 % Pb, 5.14% Zn from drill hole ZK814 at 458m elevation on the S6 Vein.

- tunneling intercepted 0.20m true width massive galena in S7-1 Vein grading 3,020 g/t (97.08 oz/t) Ag, 62.57% Pb, and 1.62% Zn at 600m elevation; drill holes ZK14A02 intersected 0.16m wide S7-1 Vein (core length) containing 845 g/t (27.16 oz/t) Ag, 2.4% Pb, and 7.05% Zn.

- 0.5m true width containing 3,500 g/t (112.53 oz/t) Ag, 4.54% Pb, and 3.47% Zn in a raise at 606m elevation on the S8 Vein.

- 0.30m true width grading 4,675 g/t (150.31 oz/t) Ag, 41.55% Pb, and 4.11% Zn in the 480m elevation tunnel on the S14 Vein; drill hole ZK812 intersected 0.35m wide (core length) massive galena of S14 Vein carrying 8,205 g/t (263.8 oz/t) Ag, 33.47% Pb, and 2.64% Zn at 409m elevation.

- 0.50m true width grading 1,390 g/t (44.70 oz/t) Ag, 33.80% Pb, and 16.19% Zn in a drift at 534m elevation on the S16E Vein.

- 1.18m true width grading 2,370 g/t (76.19 oz/t) Ag, 50.22% Pb, and 4.60% Zn in a drift at 534m elevation on the S16W Vein.

- 0.40m true width containing 3,131 g/t (100.66 oz/t) Ag, 3.08% Pb, and 1.28% Zn in a crosscut at 534m elevation on the S16W1 Vein.

- tunneling on S21 Vein cut 0.25m wide massive galena (true width) containing 2,790 g/t (89.7 oz/t) Ag, 57.33% Pb, and 0.28% Zn at 680m elevation.

S2 and S2E Veins
A 41m long section of raise was completed on S2 and S2E Veins from 460m elevation through CM103. Three drill holes (ZK1007, ZK1207, and ZK0606) intersected the S2 Vein with significant Ag-Pb-Zn mineralization at 442, 463, and 483m elevations. Hole ZK1807 intersected massive galena sheet in S2E Vein at 357m elevation.

S7-1 Veins
The tunneling on the S7-1 Vein was carried out at 600m and 560m levels through main access tunnels PD700 and CM103. At 600m elevation, 110m drift was driven, in which over 82m drift exposed massive galena sheet. At 560m elevation, 76m of 126m drift showed massive galena.
Three drill holes (ZK14A02, ZK5105, and ZK5504) intercepted significant Ag-Pb-Zn mineralization at 393m, 468m, and 482m elevation, indicating great downdip extension of the veins.

S8 Vein
A total of 989 m of tunnels were completed on the S8 Vein. The work included: 6 raises totaling 162m; 131 m drift at 705m elevation in tunnel CM104; 292m drift at 640m elevation in CM101; 58m drift at 600m elevation in PD66 and 346 m drift at 510m elevation in YPD01 at the YLG camp, respectively.

S14 Vein
On the S14 Vein, 82m drift and two raises totaling 100m were completed from the 480m elevation through main access tunnel CM102. The ongoing tunneling to the south along the vein at 480m elevation in CM102 instantly expose the massive galena sheet, indicating great possibility that MGS of S14 Vein could extend further south.

During the period, diamond drilling was extensively used to carry out exploration program for the vein, which resulted in the discovery of significant amount of new intersections. This is expected to significantly increase the Inferred mineral resources and convert a large portion of the existing Inferred resources to Indicated. One drill hole, ZK814 intercepted two additional veins (S14-2 and S14-3) that are located less than 10m east of the S14 Vein, contain up to 1,314 g/t equivalent silver. The dimensions of the veins have yet to be defined. To date, a total of 22 holes (5,735m) of drilling were completed on the vein with 16 of them intersecting significant mineralization (Ag equivalent grade exceeding 100 g/t). Ten holes hit 0.30 to 1.15m wide (core length) massive galena sheets, representing a nearly 50% drill success rate. The holes were drilled on 50 X 80m spacing between Section lines 0 to 18 and from 286m to 444m elevations.

S16E
A total of 371m of tunneling on the S16E Vein was completed at the four levels. These included 79m at 680m elevation from PD680, 47m at 640m elevation from CM101, 11m at 570m elevation and 206m at 534m elevation through CM102. A 29m raise was driven at 570m elevation from CM102. The drift at 534m elevation and the raise all expose complete massive galena sheeting.

S16W
The S16W Vein was explored through four levels (680m, 650m, 570m, and 534m) and 227m of drifting, 141m of crosscutting, and 141m of raises were completed. The majority of drifting on 534m level and all five raises show 0.1 to 2.60m wide (true thickness) massive galena sheets.

S16W1
The vein was explored at 680m and 534m elevations. At the 680m level, 84m of drifting, 32m of raise, and 33m of crosscutting were completed. Massive galena sheets were intercepted at the 534m level when developing drawpoints in CM102.

S21
Exploration on the vein 105m long drift on 560m level in CM103 and 176m crosscutting and drifting on 680m level in PD680.

Tunnel and drill hole plans, cross sections and longitudinal maps of the veins are available on our website:
www.silvercorp.ca.
Exploration and mining at the Ying mine is being carried out through Silvercorp's 77.5% subsidiary, Henan Found Mining Co. Ltd., a Sino-foreign joint venture company which holds 100% of the Ying Project and operates under a 30-year business license. Myles Gao, P.Geo, is the Qualified Person on the project under NI 43-101.
Quality Control
Quality Control/Quality Assurance Program is disclosed in the January 4, 2006 -press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Silvercorp Metals Inc.
Rui Feng
Chairman & CEO
(604) 669-9397
or
Silvercorp Metals Inc.
Cathy Fong
President
(604) 669-9397
(604) 669-9387 (FAX)
-----------------------------------------------------------------


09:00 EDT Monday, August 14, 2006

Silvercorp Earns $0.05 per Share for the 1st Quarter Ending June 30, 2006 Immediately After Obtaining Mining Permit for the Ying Project, Henan, China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 14, 2006) - Silvercorp Metals Inc. (the "Company") (TSX:SVM) is pleased to announce a net earning of $2,357,580 or $0.05 per share on revenue of $4,333,050 for the 1st quarter ended June 30, 2006.

On March 30, 2006, the Company obtained the mining permits for the Ying Project. Production from the Ying Mine commenced on April 1, 2006, concurrently with ramp-up activities including mine production, mine development, and mill and facility construction. As the Company is currently constructing a 600 tonnes per day flotation mill, two third party flotation mills with combined capacity of 400 tonnes per day are being used to treat the ores from the Ying Property through custom milling contracts until the construction of the 600 tonnes per day mill is completed at the end of March 2007.

As part of the staged startup of the mining operation, the Ying mine has generated gross revenues of $4,333,050 during the 1st quarter ended June 30, 2006 by selling the direct shipping ore and silver-lead and zinc concentrates produced through custom milling of ores. This resulted in an earnings from the mine operation of $3,412,714 representing 78.8% of gross margin.

For the 1st quarter ended June 30, 2006, the Company had net earnings of $2,357,580 or $0.05 per share, compared to a net loss of $798,350 or $0.02 per share for the same period of 2005. The increase in net earnings for the 1st quarter ended June 30, 2006 as compared to the net loss for the same period of the prior year was mainly due to the commencement of mine production at Ying Property since April 1, 2006.

During the quarter ended June 30, 2006, 30,719 tonnes of ores were extracted by shrinkage mining method and as by-products of tunneling, from which 1,061 tonnes of direct shipping ores were hand-sorted out for direct shipment to smelter, and 20,286 tonnes of ores were shipped to the two custom mills for treatment to recover silver-lead and zinc concentrates. The custom mills have achieved high recovery rates: 91.44% for silver, 97.06% for lead and 81.21% for zinc. The Company has produced 209,145 ounces of silver, 2,892,912 pounds of lead and 900,262 pounds of zinc. The total production cost for silver adjusted for lead and zinc credit is negative -$6.59 per ounce. The average selling prices, net of value added tax and smelter charges, were $9.73 per ounces for silver, $0.46 per pound for lead and $1.08 per pound for zinc with average production costs of $2.07 per ounce for silver, $0.10 per pound for lead and $0.23 per pound for zinc, respectively.

Two mining methods shall be used in production: shrinkage and re-suing mining. The shrinkage mining method is relatively easy to develop but has resulted in a larger waste rock dilution of over 150% dilution factor for the narrow veins at the Ying Project. Development of the re-suing mining method requires higher skilled miners and takes more time to accomplish; however, it incurs much lower waste rock dilution, with a dilution factor of less than 20%. Currently, most of the ores are extracted using the shrinkage mining method. It is anticipated that ore production using the re-suing mining method will commence in September 2006.

Starting September 2006, when necessary development is completed and the re-suing mining method is used to extract ores, the waste rock dilution will be substantially reduced, giving much higher silver, lead and zinc head grades in ores to be milled by custom milling. If the Company can successfully deploy the re-suing mining method, it is anticipated that a significant improvement in sales revenue may be achieved starting September 2006. Therefore the projected annual sales revenue of US$54.2 million in the NI43-101 Technical Report dated May 26, 2006 is anticipated to be realized for the year ending March 31, 2007.

The production ramp-up is progressing well, as the monthly sales revenue has increased gradually and consistently since April 2006. In the single month of July 2006, sales revenue has substantially increased to $3,200,000 representing 74% of total sales revenue of $4,333,050 for the 1st quarter ended June 30, 2006.

The complete financial statements and management discussion and analysis are available for review on our web-site www.silvercorp.ca, and on the SEDAR system at www.sedar.com.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in mineral exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. Production and revenue projections are based not on mineral reserves but on mineral resources which do not have demonstrated economic viability.
FOR FURTHER INFORMATION PLEASE CONTACT:
Silvercorp Metals Inc.
Rui Feng
Chairman & CEO
(604) 669-9397
or
Silvercorp Metals Inc.
Cathy Fong
VP Corporate Development
(604) 669-9397
(604) 669-9387 (FAX)
info@silvercorp.ca
www.silvercorp.ca
----------------------------------------------------------------


17:45 EDT Monday, July 24, 2006

Mr. Yikang Liu and Mr. Earl Drake Join Silvercorp's Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 24, 2006) SilvercorpMetals Inc. (TSX:SVM) ("Silvercorp") welcomes Mr. Yikang Liu of Beijing and Mr. Earl Drake of Vancouver as independent members of the Board of Directors of Silvercorp.

Mr. Yikang Liu is the Deputy General Secretary of the China Mining Association and the 35th & 36th Vice-Chairman of the Geological Society of China. Before he retired in 2001, Mr. Liu was the Chief Geologist for the former Ministry of Metallurgical Industry of China. While there he made significant contributions to the amendment of the last China Mineral Resources Law. Mr. Liu, representing Chinese interests, is the person responsible for the establishment of the first Sino-foreign joint venture for mineral exploration in China. Mr. Liu has over 40 years of geological experience in managing, evaluating and exploring mineral projects for the Chinese government in China and in 17 countries around the world including Bolivia, Madagascar, the Philippines, Iran, and Peru. In a mentoring capacity, Mr. Liu is an Adjunct Professor of Geology at the Changchun College of Technology, Northeast University and the China University of Geoscience. Silvercorp will benefit from the counsel of Mr. Liu's expertise in mining development and exploration in China.

Mr. Earl Drake is currently Vice Chairman of the Canada China Business Council and Project Director of the China Council for International Cooperation on Environment and Development and was previously the Ambassador of Canada to the People's Republic of China and the Republic of Indonesia.In the past 50 years, Mr. Drake was also the top Canadian representative in the governing councils of the Organization for Economic Cooperation and Development in Paris and the World Bank in Washington, DC and served in Ottawa as Assistant Deputy Minister for Asia-Pacific in the Foreign Affairs Department and as Vice President in the Canadian International Development Agency. As part of Mr. Drake's vision to transfer his knowledge to young Canadians, he is an Adjunct Professor at Simon Fraser University in the Centre for International Communication. Silvercorp will benefit from the counsel of Mr. Drake's long experience in cross-cultural negotiation and communication to harmonize economic development goals with sustainable environmental policies and practices.

To permit the appointment of Mr. Liu and Mr. Drake as directors Mr. Michael Armstrong tendered his resignation from the Board on July 21, 2006, with immediate effect, the Board of Directors have accepted it. The Board has 6 members following Mr. Armstrong's resignation. Mr. Armstrong had been a Director since October 15, 2004, and Silvercorp thanks him for his service and great contribution, and wishes him well in his future endeavors.

Silvercorp Metals Inc.
Dr. Rui Feng, Chairman & CEO, (604) 669-9397
info@silvercorp.ca
www.silvercorp.ca" target="_blank" rel="nofollow">www.silvercorp.ca[/url
----------------------------------------------------------------

09:00 EDT Tuesday, September 12, 200

Exploration Update for the SGX Area of Ying Silver Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 12, 2006) - Silvercorp Metals Inc. ("Silvercorp") (TSX:SVM) is pleased to provide an update on exploration results for the SGX area of the Ying Silver Project for the period from May 1st to August 15th 2006. The ongoing tunneling and drilling exploration program is intended to convert inferred resources to indicated and measured resources, to expand inferred resources at depth and along strike, and to find and define new mineralized veins. A total of 3,144 meters (m) of exploration tunnels and a total of 41 drill holes totaling 11,231m (10 surface and 31 underground drill holes) have been completed. Sixteen of 41 drill holes intercepted massive galena sheets with silver equivalent grade exceeding 1,250 g/t, representing a 39% drilling success rate. This drilling (exploration) success rate is comparable to results obtained in our previous drill programs.

Based on the exploration work completed during the period, it is expected that a substantial amount of the Inferred resource category estimate defined in the May 2006 Technical Update will be converted to Indicated resource category estimates. Further, it is expected that the estimated inferred resources will be expanded at depth. In addition, Silvercorp's tunneling and drilling program has also discovered several new concealed veins which contain massive galena mineralization: S14-1, S14-2, S16E1, S16E2, S16E3, S16E4, and S8E. The dimension and extents of these veins are not yet fully understood and are subject to further exploration work. Assay results for these new veins are pending.

Significant results from the new tunnels and drill holes are:
- 0.45m true width grading 2,090 grams per tonne (g/t) or 67.26 ounces per tonne (oz/t) silver (Ag), 34.44 % lead (Pb), 9.77% zinc (Zn) from a raise at 464m elevation on the S2 Vein.

- 1.31m interception grading 2,986 g/t or 96 oz/t Ag, 51.03 % Pb, 5.14% Zn from drill hole ZK814 at 458m elevation on the S6 Vein.

- tunneling intercepted 0.20m true width massive galena in S7-1 Vein grading 3,020 g/t (97.08 oz/t) Ag, 62.57% Pb, and 1.62% Zn at 600m elevation; drill holes ZK14A02 intersected 0.16m wide S7-1 Vein (core length) containing 845 g/t (27.16 oz/t) Ag, 2.4% Pb, and 7.05% Zn.

- 0.5m true width containing 3,500 g/t (112.53 oz/t) Ag, 4.54% Pb, and 3.47% Zn in a raise at 606m elevation on the S8 Vein.

- 0.30m true width grading 4,675 g/t (150.31 oz/t) Ag, 41.55% Pb, and 4.11% Zn in the 480m elevation tunnel on the S14 Vein; drill hole ZK812 intersected 0.35m wide (core length) massive galena of S14 Vein carrying 8,205 g/t (263.8 oz/t) Ag, 33.47% Pb, and 2.64% Zn at 409m elevation.

- 0.50m true width grading 1,390 g/t (44.70 oz/t) Ag, 33.80% Pb, and 16.19% Zn in a drift at 534m elevation on the S16E Vein.

- 1.18m true width grading 2,370 g/t (76.19 oz/t) Ag, 50.22% Pb, and 4.60% Zn in a drift at 534m elevation on the S16W Vein.

- 0.40m true width containing 3,131 g/t (100.66 oz/t) Ag, 3.08% Pb, and 1.28% Zn in a crosscut at 534m elevation on the S16W1 Vein.

- tunneling on S21 Vein cut 0.25m wide massive galena (true width) containing 2,790 g/t (89.7 oz/t) Ag, 57.33% Pb, and 0.28% Zn at 680m elevation.

S2 and S2E Veins
A 41m long section of raise was completed on S2 and S2E Veins from 460m elevation through CM103. Three drill holes (ZK1007, ZK1207, and ZK0606) intersected the S2 Vein with significant Ag-Pb-Zn mineralization at 442, 463, and 483m elevations. Hole ZK1807 intersected massive galena sheet in S2E Vein at 357m elevation.

S7-1 Veins
The tunneling on the S7-1 Vein was carried out at 600m and 560m levels through main access tunnels PD700 and CM103. At 600m elevation, 110m drift was driven, in which over 82m drift exposed massive galena sheet. At 560m elevation, 76m of 126m drift showed massive galena.
Three drill holes (ZK14A02, ZK5105, and ZK5504) intercepted significant Ag-Pb-Zn mineralization at 393m, 468m, and 482m elevation, indicating great downdip extension of the veins.

S8 Vein
A total of 989 m of tunnels were completed on the S8 Vein. The work included: 6 raises totaling 162m; 131 m drift at 705m elevation in tunnel CM104; 292m drift at 640m elevation in CM101; 58m drift at 600m elevation in PD66 and 346 m drift at 510m elevation in YPD01 at the YLG camp, respectively.

S14 Vein
On the S14 Vein, 82m drift and two raises totaling 100m were completed from the 480m elevation through main access tunnel CM102. The ongoing tunneling to the south along the vein at 480m elevation in CM102 instantly expose the massive galena sheet, indicating great possibility that MGS of S14 Vein could extend further south.

During the period, diamond drilling was extensively used to carry out exploration program for the vein, which resulted in the discovery of significant amount of new intersections. This is expected to significantly increase the Inferred mineral resources and convert a large portion of the existing Inferred resources to Indicated. One drill hole, ZK814 intercepted two additional veins (S14-2 and S14-3) that are located less than 10m east of the S14 Vein, contain up to 1,314 g/t equivalent silver. The dimensions of the veins have yet to be defined. To date, a total of 22 holes (5,735m) of drilling were completed on the vein with 16 of them intersecting significant mineralization (Ag equivalent grade exceeding 100 g/t). Ten holes hit 0.30 to 1.15m wide (core length) massive galena sheets, representing a nearly 50% drill success rate. The holes were drilled on 50 X 80m spacing between Section lines 0 to 18 and from 286m to 444m elevations.

S16E
A total of 371m of tunneling on the S16E Vein was completed at the four levels. These included 79m at 680m elevation from PD680, 47m at 640m elevation from CM101, 11m at 570m elevation and 206m at 534m elevation through CM102. A 29m raise was driven at 570m elevation from CM102. The drift at 534m elevation and the raise all expose complete massive galena sheeting.

S16W
The S16W Vein was explored through four levels (680m, 650m, 570m, and 534m) and 227m of drifting, 141m of crosscutting, and 141m of raises were completed. The majority of drifting on 534m level and all five raises show 0.1 to 2.60m wide (true thickness) massive galena sheets.

S16W1
The vein was explored at 680m and 534m elevations. At the 680m level, 84m of drifting, 32m of raise, and 33m of crosscutting were completed. Massive galena sheets were intercepted at the 534m level when developing drawpoints in CM102.

S21
Exploration on the vein 105m long drift on 560m level in CM103 and 176m crosscutting and drifting on 680m level in PD680.

Tunnel and drill hole plans, cross sections and longitudinal maps of the veins are available on our website: www.silvercorp.ca.
Exploration and mining at the Ying mine is being carried out through Silvercorp's 77.5% subsidiary, Henan Found Mining Co. Ltd., a Sino-foreign joint venture company which holds 100% of the Ying Project and operates under a 30-year business license. Myles Gao, P.Geo, is the Qualified Person on the project under NI 43-101.
Quality Control
Quality Control/Quality Assurance Program is disclosed in the January 4, 2006 -press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Silvercorp Metals Inc.
Rui Feng
Chairman & CEO
(604) 669-9397
or
Silvercorp Metals Inc.
Cathy Fong
President
(604) 669-9397
(604) 669-9387 (FAX)
-----------------------------------------------------------------


09:00 EDT Monday, August 14, 2006

Silvercorp Earns $0.05 per Share for the 1st Quarter Ending June 30, 2006 Immediately After Obtaining Mining Permit for the Ying Project, Henan, China

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 14, 2006) - Silvercorp Metals Inc. (the "Company") (TSX:SVM) is pleased to announce a net earning of $2,357,580 or $0.05 per share on revenue of $4,333,050 for the 1st quarter ended June 30, 2006.

On March 30, 2006, the Company obtained the mining permits for the Ying Project. Production from the Ying Mine commenced on April 1, 2006, concurrently with ramp-up activities including mine production, mine development, and mill and facility construction. As the Company is currently constructing a 600 tonnes per day flotation mill, two third party flotation mills with combined capacity of 400 tonnes per day are being used to treat the ores from the Ying Property through custom milling contracts until the construction of the 600 tonnes per day mill is completed at the end of March 2007.

As part of the staged startup of the mining operation, the Ying mine has generated gross revenues of $4,333,050 during the 1st quarter ended June 30, 2006 by selling the direct shipping ore and silver-lead and zinc concentrates produced through custom milling of ores. This resulted in an earnings from the mine operation of $3,412,714 representing 78.8% of gross margin.

For the 1st quarter ended June 30, 2006, the Company had net earnings of $2,357,580 or $0.05 per share, compared to a net loss of $798,350 or $0.02 per share for the same period of 2005. The increase in net earnings for the 1st quarter ended June 30, 2006 as compared to the net loss for the same period of the prior year was mainly due to the commencement of mine production at Ying Property since April 1, 2006.

During the quarter ended June 30, 2006, 30,719 tonnes of ores were extracted by shrinkage mining method and as by-products of tunneling, from which 1,061 tonnes of direct shipping ores were hand-sorted out for direct shipment to smelter, and 20,286 tonnes of ores were shipped to the two custom mills for treatment to recover silver-lead and zinc concentrates. The custom mills have achieved high recovery rates: 91.44% for silver, 97.06% for lead and 81.21% for zinc. The Company has produced 209,145 ounces of silver, 2,892,912 pounds of lead and 900,262 pounds of zinc. The total production cost for silver adjusted for lead and zinc credit is negative -$6.59 per ounce. The average selling prices, net of value added tax and smelter charges, were $9.73 per ounces for silver, $0.46 per pound for lead and $1.08 per pound for zinc with average production costs of $2.07 per ounce for silver, $0.10 per pound for lead and $0.23 per pound for zinc, respectively.

Two mining methods shall be used in production: shrinkage and re-suing mining. The shrinkage mining method is relatively easy to develop but has resulted in a larger waste rock dilution of over 150% dilution factor for the narrow veins at the Ying Project. Development of the re-suing mining method requires higher skilled miners and takes more time to accomplish; however, it incurs much lower waste rock dilution, with a dilution factor of less than 20%. Currently, most of the ores are extracted using the shrinkage mining method. It is anticipated that ore production using the re-suing mining method will commence in September 2006.

Starting September 2006, when necessary development is completed and the re-suing mining method is used to extract ores, the waste rock dilution will be substantially reduced, giving much higher silver, lead and zinc head grades in ores to be milled by custom milling. If the Company can successfully deploy the re-suing mining method, it is anticipated that a significant improvement in sales revenue may be achieved starting September 2006. Therefore the projected annual sales revenue of US$54.2 million in the NI43-101 Technical Report dated May 26, 2006 is anticipated to be realized for the year ending March 31, 2007.

The production ramp-up is progressing well, as the monthly sales revenue has increased gradually and consistently since April 2006. In the single month of July 2006, sales revenue has substantially increased to $3,200,000 representing 74% of total sales revenue of $4,333,050 for the 1st quarter ended June 30, 2006.

The complete financial statements and management discussion and analysis are available for review on our web-site www.silvercorp.ca, and on the SEDAR system at www.sedar.com.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in mineral exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements. Production and revenue projections are based not on mineral reserves but on mineral resources which do not have demonstrated economic viability.
FOR FURTHER INFORMATION PLEASE CONTACT:
Silvercorp Metals Inc.
Rui Feng
Chairman & CEO
(604) 669-9397
or
Silvercorp Metals Inc.
Cathy Fong
VP Corporate Development
(604) 669-9397
(604) 669-9387 (FAX)
info@silvercorp.ca
www.silvercorp.ca
----------------------------------------------------------------


17:45 EDT Monday, July 24, 2006

Mr. Yikang Liu and Mr. Earl Drake Join Silvercorp's Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 24, 2006) SilvercorpMetals Inc. (TSX:SVM) ("Silvercorp") welcomes Mr. Yikang Liu of Beijing and Mr. Earl Drake of Vancouver as independent members of the Board of Directors of Silvercorp.

Mr. Yikang Liu is the Deputy General Secretary of the China Mining Association and the 35th & 36th Vice-Chairman of the Geological Society of China. Before he retired in 2001, Mr. Liu was the Chief Geologist for the former Ministry of Metallurgical Industry of China. While there he made significant contributions to the amendment of the last China Mineral Resources Law. Mr. Liu, representing Chinese interests, is the person responsible for the establishment of the first Sino-foreign joint venture for mineral exploration in China. Mr. Liu has over 40 years of geological experience in managing, evaluating and exploring mineral projects for the Chinese government in China and in 17 countries around the world including Bolivia, Madagascar, the Philippines, Iran, and Peru. In a mentoring capacity, Mr. Liu is an Adjunct Professor of Geology at the Changchun College of Technology, Northeast University and the China University of Geoscience. Silvercorp will benefit from the counsel of Mr. Liu's expertise in mining development and exploration in China.

Mr. Earl Drake is currently Vice Chairman of the Canada China Business Council and Project Director of the China Council for International Cooperation on Environment and Development and was previously the Ambassador of Canada to the People's Republic of China and the Republic of Indonesia.In the past 50 years, Mr. Drake was also the top Canadian representative in the governing councils of the Organization for Economic Cooperation and Development in Paris and the World Bank in Washington, DC and served in Ottawa as Assistant Deputy Minister for Asia-Pacific in the Foreign Affairs Department and as Vice President in the Canadian International Development Agency. As part of Mr. Drake's vision to transfer his knowledge to young Canadians, he is an Adjunct Professor at Simon Fraser University in the Centre for International Communication. Silvercorp will benefit from the counsel of Mr. Drake's long experience in cross-cultural negotiation and communication to harmonize economic development goals with sustainable environmental policies and practices.

To permit the appointment of Mr. Liu and Mr. Drake as directors Mr. Michael Armstrong tendered his resignation from the Board on July 21, 2006, with immediate effect, the Board of Directors have accepted it. The Board has 6 members following Mr. Armstrong's resignation. Mr. Armstrong had been a Director since October 15, 2004, and Silvercorp thanks him for his service and great contribution, and wishes him well in his future endeavors.

Silvercorp Metals Inc.
Dr. Rui Feng, Chairman & CEO, (604) 669-9397
info@silvercorp.ca
www.silvercorp.ca
....und ein Überblick zum Ying-Projekt:

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Ying Silver Project


Introduction

The high grade resource potential at the Ying Silver Project is significant in driving Silvercorp’s growth.
The Ying Silver-Lead-Zinc (“Ag-Pb-Zn”) Project is in the Luoning area of western Henan Province of central China. Five Exploration Permits totaling about 52.64 km 2 cover the Ying Project. As announced by Silvercorp on March 30, 2006, a Mining Permit has been issued by Chinese authorities, covering 9.95 km 2 over the SGX (Sha Gou) Area of the Ying Project.

Chris Broili, C.P. Geo., L.P. Geo., completed the first and second technical reports prepared on the Ying Project on April 21, 2004 (the “2004 Report”) and April 18, 2005 (the “2005 Report”) and co-authored with Cathy Shuk Yim Fong, P.Eng., and Jasman W. Yee, P.Eng., a third scoping-level report on April 18, 2006. Chris Broili, C.P. Geo., L.P. Geo. co-authored with Cathy Shuk Yim Fong, P.Eng., Jasman W. Yee, P.Eng. and Michael A. Petrina, P.Eng. completed a further technical report ( May 26, 2006) primarily updated mineral resource estimates and providing updates on exploration activities. The last previous resource estimates were made more than a year ago in the 2005 Report.

The Ying Project is the result of a co-operative joint venture contract dated April 15, 2004, between Victor Mining Ltd. (“Victor”), a wholly owned subsidiary of Silvercorp Metals Inc. (“Silvercorp”), and Henan Non-Ferrous Geological & Mineral Resources Co. Ltd. (“HNGMR”). Pursuant to this contract, a Chinese co-operative joint venture company, Henan Found Mining Ltd. (“Found”), was established to hold 100% of the Ying Project. Victor has made the required capital contributions to earn a full 77.5% interest in Found. All necessary Chinese government approvals have been obtained. A business license and a mining permit have been issued which allow Found to initiate production on the property. Mr. Myles Gao, P. Geo., President of Silvercorp, is the General Manager of Found. Reference to Silvercorp in this report includes, where appropriate, reference to Found, which owns and operates the Ying Project.

On the Ying Property, surface channel sampling and underground channel sampling, averaging 1.00 meter (“m”) wide, has identified to date more than 42 mineralized veins. The mineral deposit type is similar to the mesothermal veins of the Coeur d’Alene District in Idaho, U.S.A.. Mineralization is hosted in a set of quartz-carbonate veins cross-cutting Precambrian-age mafic and felsic gneisses. The western part of the project (“SGX”) consists of quartz-carbonate veins which host silver-lead-zinc mineralization manifested as 22 mapped vein-alteration zones. Recent tunneling and underground mapping has identified many more veins. The veins at the surface are usually a kilometer (“km”) or more long and follow N-NE trending structures, sometimes filled by altered andesite dikes and occasionally as altered selvages within the gneiss along these structures.

From August 2004 to April 2006, a total of 27,574 m of drifting, declines and raises, 657.7 m of shafts and 17,697 m of underground and surface drilling was completed, and 2,788 m of access tunnels were widened. The underground work and drilling have focused primarily on twelve veins (S2, S2E, S4, S6, S7, S7-1, S8, S14, S16E, S16W, S16W1, S21) which can be accessed through three tunnels (CM101, CM102, CM103).

The recent work on the Ying Property has defined high-grade underground silver-lead-zinc mineral resources in 14 veins which average 0.42 m in thickness. The mineralization, defined by channel sampling of new underground tunnels and underground drilling, occurs as discrete tabular quartz-carbonate veins, which crosscut Precambrian-age mafic and felsic gneisses. To estimate the mineral resources contained in these veins, resource block models were constructed with polygonal methods on longitudinal vein sections using the same parameters – cutoff grade, cutoff thickness, area of influence, etc. – as those used in the last Ying resource estimation done one year ago (Broili, 2005).

This estimated resource (measured plus indicated) is nearly twice the resource reported in the previous resource estimation (the 2005 Report by Broili) due largely to the fact that the new estimation is based on parts of 14 veins as compared to only five veins in the 2005 Report.

Of 27,574 m of tunnels completed since August 2004, about 17,300 m are mining development tunnels. The mine development is sufficiently advanced that upon reception of the mining permit, preliminary production was immediately started in ten of more than 20 initial stopes that have developed on various elevation levels on seven different veins.

The custom milling of 40,711 tonnes of diluted by-product ore extracted from exploration and development tunnels indicate that Ag, Pb, and Zn contained in the Ying veins can be easily recovered. The Pb-Ag and Zn concentrates produced satisfy the requirements of smelters. This milling test also confirms that it is economically viable to use off-site flotation mills to treat diluted ores.

Concentrate sales contracts have been signed with several lead and zinc smelters stipulating terms of delivery at mine site against cash advance from smelters. The payable prices for lead, silver and zinc metals are 76%, 75% and 70% respectively of spot prices quoted on the Shanghai Metal Exchange (“SME”).

Currently, sixteen shrinkage stopes are being mined at the Ying Mine. An additional four stopes are expected to be mined in 2 to 3 months, reaching a phase one mining capacity of 600 tonnes per day (“tpd”). Given enough time, it is reasonable to assume that the company can reach its production goal without incurring substantial capital cost. Production for the first three years is planned through horizontal portals; thereafter, shafts will not be used.

Three shafts equipped with hoists are being sunk and are expected to reach their intended depth of 210 m by the end of 2006. The shafts will each be 3.8 m in diameter, and each capable of hauling 150,000 tonnes of material per year (based on 300 days/year).
Using the measured plus indicated resources reported in this report, a 100% dilution factor and a 95% recovery rate for the high-grade resources, a potentially mineable measured plus indicated resource is calculated to be 1,542,078 tonnes grading 767 grams/tonne (“g/t”) (24.68 troy ounces/metric tonne, “oz/t”) Ag, 13.24% Pb and 4.31% Zn. Assuming a mining rate of 140,000 tonnes for the 2006/2007 fiscal year and 300,000 tonnes per year thereafter, the resources at Ying could sustain mine production for about six years. The 97,922 tonne short fall is expected to be filled by converting part of the inferred resource to measured or indicated resources. As a result of ongoing geological interpretation which developing a geological understanding of the Ying Property, and considering its similarity to the Coeur d’Alene district in North America, the aggressive tunneling and drilling program recommended in this report for 2006/2007 could extend the mine life far beyond six years.

A 600 tpd mill, currently being constructed 17 km from the Ying Property, is expected to be completed by the end of March 2007. During the first year of production, custom mills will be used to process ore. Starting April 2007, Found’s own 600 tpd flotation mill is expected to start producing Pb-Ag and Zn concentrates.
Based on net metal prices of US$7.50/oz Ag, US$0.38/lb Pb, and US$0.71/lb Zn, and assuming production cost of US$40.94 per tonne mined for the first year and US$36.73 per tonne mined thereafter with recovery rates of 95% for Pb, 90% for Ag, and 75% for Zn, the capital payback period is projected to be zero as all the capital expenditures are projected to be financed from the first year’s cash flow. Chinese regulations allow foreign invested companies, such as Found, tax-free income for the first two years. Income is taxable at 15% in years 3 to 5, and taxable at 30% thereafter. However, this projection is based on mineral resources which are not mineral reserves, and therefore do not have demonstrated economic viability.

If revenue from lead and zinc is used to cover production cost, then unit silver production cost adjusted for lead and zinc credit is projected to be negative US$5.02 to negative US$4.72 per ounce. If lead and zinc are treated as free credits and only silver revenue is used to cover the production cost, then the unit silver production cost is projected to be US$1.62 per ounce.

Along with capital budgets of US$13,511,471 for the mine development and proposed mill, the authors recommend the following exploration plan and budget. The program is designed to upgrade inferred mineral resources to measured and indicated resources and discover additional mineral resources in the Ying Project Area. The recommended Phase 3 Exploration Program for 2006 totals US$2.85 million and is presented as follows:

1. Exploration tunnels on known veins:
10,790 m of underground tunneling is planned with a budget of US$1.1 million (about US$102 per meter). These cross-cutting and drifting tunnels will be developed on the 14 known mineralized veins through access tunnels CM101, CM102, CM103, PD650, PD680, PD700, YPD01, YPD02, YM01 at the SGX (Sha Gou) Area and C29 and C31 veins at the Si Dao Gou (SDG) Area with intentions of upgrading and expanding silver resources from the veins.

2. Exploration tunnels on 12 veins at a budget of US$0.67 million: 4,540 m of tunnels have been designed to intersect at the northeast end of veins S9, S11, S12, S13, S14 and the S8 vein at the Yue Liang Gou Camp (YLG). A further 2,100 m of tunnels will be developed at the southwest end of S8 vein to detect the seven northeast trending veins at the Hou Zhang Gou Camp (HZG) where massive galena lenses with more than 80 oz/t Ag were recently discovered.

3. Drilling: US$1.08 million for 32,800 m of drilling are planned, averaging US$33 per meter. The drilling includes 71 underground holes totaling 25,705 m and 16 surface holes totaling 7,090 m. Underground drill holes together with exploration tunnels are designed to test the continuity of different mineralized veins down-dip and along strike, to further upgrade mineral resource categories and convert the resources to reserves.



Resources Estimate for Parts of Thirteen Veins

1. Resource Geology

Tunnels and diamond drilling completed since the last resource update continue to demonstrate that the high-grade pockets along the veins pinch-and-swell along strike and down-dip. This pinching and swelling can easily be seen in the drifts and tunnels. In addition, grade variation plots along veins demonstrate the pinching and swelling, with the pinches below the 1,250 g/t Ag-equivalent line and the swells above the 1,250 g/t Ag-equivalent line. This is most apparent on veins S14, S16W and S16W1 where tunnels driven on three levels along the strike, range from 550 to 1,200 m long.

Tunneling and drilling show that high-grade pockets can extend over 325 m down-dip and 215 m along strike. Cross-sections indicate very good grade and thickness continuity vertically with less continuity horizontally. An exception is the S8 vein, where high-grade pockets have a longer strike length than dip length. These high-grade pockets constitute as little as 16.42% of the S21 vein to as much as 56.92% of the S7-1 vein, averaging 31.82% for all veins. Tunnels completed to date expose these high-grade pockets within shear structures. Future exploration should continue to target these high-grade pockets.


2. Resource Estimates

The Ying mineralization is polymetallic and the mineral resources are reported in terms of a silver-equivalent grade, as well as separate individual metal grades.

The long-term metal prices used for calculating the silver-equivalent values are:

Silver US$6.50 / troy ounce
Lead US$0.40 / pound
Zinc US$0.45 / pound

Starting in November, 2004, shipments were made to off-site flotation mills and smelters with demonstrated recovery rates of 95.0% for lead, 90.0% for silver and 75.0% for zinc. However, the silver-equivalent calculations reported herein reflect gross metal content and have not been adjusted for these metallurgical recoveries.

The average thickness of veins in the measured resource category is 0.49 m, veins in the indicated category average 0.37 m thick, and combined measured plus indicated thickness is 0.42 m. Veins in the inferred resource category average 0.45 m in thickness.


Recent Exploration Progress
1. Exploration work completed by Silvercorp from 2004 to March 2005:
· Expanded all the underground workings on five of the SGX veins:
o tunnel enlarging: 1,271 m
o declines: 298 m
o undercut drifting: 1,897 m
o main tunnel: 497 m
o raise: 200 m
o ventilation raise: 102 m
o underground drilling: 15 holes for 1,376 m
o sampling and metallurgical work

2. Exploration work completed by Silvercorp from March 2005 to April 2006: · Expanded all the underground workings on twelve of the SGX veins:
o tunnel enlarging: 1,467 m
o declines: 816.54 m
o undercut drifting: 18,887.54 m
o main tunnel: 5,216.01 m
o raise: 2,569.14 m
o ventilation raise: 84.90 m
o shaft: 657.70 m
o underground drilling: 79 holes for 12,487.98 m
o surface drilling: 12 holes for 5,209.35 m
o sampling and metallurgical work
· Reconnaissance exploration outside the SGX Area.


3. Recent Silvercorp Exploration Progress at SGX area:

Most of Silvercorp’s recent exploration work has been confined to the tunneling and drilling programs in the SGX Area now under a mining license.

In the 2005 Report, Chris Broili emphasized the necessity of understanding the controls for the Ying mineralization. To this end, a second phase program was designed to further define the mineralization with a budget of US$3,300,000 for development of 13,000 m of exploration tunnels, 900 m in three shafts and 10,000 m of underground drilling. Additional funds of US$1,700,000 were budgeted for pilot test mining and milling, mining permits and logistics.

At the SGX Area, 2, 90 3 m of underground development were completed by HBMG&MR prior to Found acquiring the property. From August 2004 to April 2006, Found completed a total of 27,574 m of drifts, declines, and raises, 657.7 m of exploration shaft and 17,697 m of underground and surface drilling. The tunneling and underground drilling focused on veins S2, S6, S14, S16E and S16W. Additionally, 1,468 m of several main access tunnels were widened to 2.0 x 2.2 m from 2.0 x 1.8 m. Currently, veins S1, S2, S4, S5, S6, S7, S14, S16E, S16W, S8 and S17, S21 can be accessed through tunnels CM101, CM102 and CM103. Several new veins were discovered relating to the known veins. These include S2E, S7-1, S7-2, S16W1, S16E S16E3, S16E4 and a substantial extension of S21 from approximately 200 m to more than 950 m.

S2 Vein — The S2 Vein has not been extended since March, 2005, but a spur vein, S2E, was found adjacent to S2 as discussed below.

S2E Vein — A number of spur structures from the primary structure hosts the S2 vein. The most significant secondary vein, S2E, is identified at the 496 m and 460 m elevations (“levels”) in an access tunnel and is intersected by drill holes. The vein extends 350 m along strike and 300 m down-dip to the northwest. A total of 307 m of drifting and 51 m of raising has exposed the S2E vein which averages 0.47 m thick.

S4 Vein — The narrow structure which the S4 vein follows was traced for 550 m on the surface north of the main access tunnel (CM103) by trenching. This tunnel intersected the structure at the 549 m level with minimum mineralization; however massive galena was identified in the vein on the 496 and 460 m levels via two declines from the 549 and 496 m levels in the tunnel.
S6 Vein — Massive galena zones in the S6 vein were exposed in drifts made by the previous operators. Expansion along a decline failed to intersect substantial mineralization but two drill holes intersected noteworthy mineralization 300 to 400 m deeper than the CM 102 access tunnel.

S7 Vein — Previously mapped by surface trenching and limited tunneling, the S7 vein extends northeast for 3.5 km to a down-dip depth of 150 m toward the northwest. A new tunnel exposed 200 m of massive galena in the S7 vein, and extensive zones within this vein remain to be explored. Additionally, two new spur veins adjacent to S7 were found.

S8 Vein — The S8 vein extends northeast for 4.1 km and 275 m down-dip to the northwest. The vein was extensively mined in many sections at different levels above 580 m elevation from the Mia Gou (MG) camp, at the northeast end of the vein, to the Hou Zhang Gou (ZG) camp, at the southwest end of the vein. Silvercorp is currently exploring the vein through four access tunnels. Drifting has exposed 200 m of massive galena zones within the S8 vein. Extensive zones within this vein remain to be explored.

S14 Vein — Updated mapping combined with new tunneling and drilling defined massive galena along 550 m level and 200 m down-dip. This massive galena is fairly continuous with 40.8% of the vein above cut-off grade. The vein ranges from 0.1 m to 1.0 m thick. A total of 135 channel and chip samples from drifts, raises, and stopes average 2,099 g/t silver, 47.27% Pb, and 3.61% Zn (equal to a silver equivalent grade of 4,255 g/t or 136.79 oz/t) over an average thickness of 0.36 m. Core drilling on initial 40-50 m centers tested the down-dip extension of this massive zone.

S16 Vein — Previously defined by surface trenching and limited tunneling, the S16 vein consists of several massive galena with quartz vein spurs with quartz along a narrow structure extending to 300 m depth over 2 km. The vein structure splits into two branches where it cross-cuts CM102. About 535 m north of the CM102 intersection, CM103 also intersected at 570 m elevations two north-striking, east-dipping veins, which are splits of S16. These occur as two or more parallel spurs, 10 to 50 m apart, now identified as the S16W, S16E and S16E1 veins. Locally the spurs merge, so this relationship is not consistent .
Massive galena is abundant along the S16W and S16E veins, ranging from 0.1 to 1.0 m thick on three levels. S16E and S16W are north-striking, east-dipping veins, mapped originally as branches of the S16 vein, but they merge into a single vein about 50 m north of CM102. Both veins are mapped for more than 2,000 m.
The S16 vein consists of intermittent zones of massive galena extending 950 m along strike and 300 m down-dip. Massive galena, common along both the S16W and S16E veins, ranges from 0.1 to 1.0 m in thickness where exposed on three levels.
S16W1 Vein — The S16W1 vein is not found on the surface and was only recently recognized in tunnels at SGX. It is along the west flank of the S16W vein. Both veins are nearly parallel, range from 1.0 to 8.1 m apart and locally merge. Most of these two veins are massive galena. The S16W1 vein was first discovered during excavation of side tunnels and draw-points. At 640 m elevation, three crosscut tunnels perpendicular to a north drift along the S16W also intersected the S16W1 vein.
Intersecting the vein at three different elevations from three access tunnels has defined the veins for 750 m north-south to a depth of more than 80 m . Currently the vein is being explored by drifting along the vein through access tunnels CM101 (640 m level), CM102 (570 m level) and CM103 (560 m level). A number of crosscut tunnels have also been designed to intersect the vein at the 534 m through CM102 and CM103.

S21 Vein — The S21 vein, previously mapped by a Chinese geological team for about 100 m to the northeast, crops out east of the S16E vein. It is cut by the main access tunnel CM103 but does not show mineralization. The discovery surface drill hole, meant to test the S16E and S16W veins, intersected the S21 vein 332 m from the surface. A second hole intersected the S21 vein 111 m from the surface. Two underground drill holes from the CM102 tunnel also intersected the S21 vein.
Drilling, tunneling and surface mapping work have now extended the S21 vein for about 1,000 m. With this significant discovery of massive galena mineralization, the S21 vein is now being explored with one surface drill rig, one underground drill rig and by tunneling from three access tunnels.

S7-1 Vein — The S7-1 vein, 18 to 20 m west of the S7 vein, was documented by previous geological work. The vein was intersected by all three access tunnels and by one crosscut. To date, drifting along 93.5 m found 83.5 m of massive galena and sphalerite. Limited assay results have favourable zones up to 0.3 m with 1,949 g/t Ag, 25.32% Pb and 21.03% Zn. Current tunneling found the vein over 700 m to a depth of 100 m. The S7-1 vein is parallel to the S7 vein, extends northeast and dips steeply northwest. Exploration of the vein consists of drifting parallel to an existing drift on two elevations through two main access tunnels.

S7-2 Vein — The S7-2 vein is the first from the SGX Area recognized as carrying a gold-rich vein, and represents a different mineralization event compared to the silver-rich veins in the SGX Area. Not only is the mineralization different, but also the alteration of wallrock (diabase) along the vein is different (specifically silicification of the wallrock). The vein also has much more pyrite than any other vein on the property. S7-2 only occurs at the Yue Liang Gou (YLG) camp area and is located between S7 and S8 veins, subparallel and connects to S8 vein at the northeast end and to S7 vein at the southeast end.
The S7-2 vein was traced on the surface for 980 m by a Chinese geological team, however its gold-rich character was not recognized due to inadequate sampling. The vein was first intersected by tunnel YPD02 while exploring the S7 vein at the 565 m level. In tunnel YM01, a crosscut also intersected the vein at 585 m elevation. Using a 1.0 g/t Au cut-off, three gold zones have been defined in the horizontal dimension: (1) the South Zone, which is 84.7 m long, grades 9.65 g/t Au, 19.7 g/t Ag, 1.22% Pb, and 0.48% Zn, and averages 0.25 m true width; (2) the Central Zone, which is 80.3 m long, contains 4.48 g/t Au, 11.46 g/t Ag, 0.66% Pb, and 0.47% Zn, and averages 0.41 m true width; and (3) the North Zone, defined in YM01 at the 585 m level, is 18 m long (open at both ends), contains 4.44 g/t Au, 12.93 g/t Ag, 0.59% Pb, and 0.52% Zn, and averages 0.75 m true width.
The immediate program on the S7-2 vein includes continued drifting along the vein at 585 m elevation through YM01, using a decline in YPD02 to explore the vein at the 510 m level.


3.4 Reconnaissance Exploration

Reconnaissance exploration outside of the SGX Area commenced during the summer of 2004. The program involved primarily surface mapping of old workings and follow-up of soil geochemical anomalies. This work resulted in identifying six additional Ag-Pb veins. These veins, with similar surface leaching characteristics to those at SGX, suggest deeper SGX-style high-grade Ag-Pb mineralization. The assay results for these six new veins are encouraging.

The DM vein, 4.2 km north-east of SGX tunnel CM103, has several north-easterly trending silicification and hematite alteration zones in addition so several small tunnels. Significant gold, silver and lead mineralized veins were found in the old workings. One of the veins is between 0.7 to 1.3 m wide and 400 m long. Surface chip samples and grab samples had encouraging results (0.8 m with 2.67 g/t Au, 26 g/t Ag and 0.14% Pb).

The 3 km long H15 vein is partially covered by a mining permit and is being mined by a local mining company. About half of the H15 vein is located within Silvercorp’s Ying permitting area. Chip samples and grab samples had encouraging results (1.0 m with 2.05 g/t Au, 12 g/t Ag and 0.36% Pb).

The Q33 vein, 2.9 km southeast of SGX tunnel CM103, extends 800 m north-south. Locals developed an undercut drift along the vein and intersected Ag-Pb mineralization over 0.3 m. A grab sample (712 g/t Ag, and 1.49% Pb) provided encouraging results.

The C32 vein, 7.6 km southeast of SGX tunnel CM103, extends about 800 m northeast. A small portion of the vein was mapped from a small tunnel in which the vein is from 0.35 to 0.60 m wide. Chip samples and grab samples had encouraging results (grab with 213 g/t Ag and 5.91% Pb). The main tunnel is now being extended 661 m with 42.5 m of raise and 311 m of undercut drift, but no significant mineralization has been yet intersected.

The W6 vein, approximately 9.5 km southeast of SGX tunnel CM103, is more than 700 m long and was previously mined by locals on three levels. Grab samples provided encouraging results (grab with 840 g/t Ag and 3.1% Pb). Recent work includes extending the main tunnel for 280.7 m with 616.7 m of undercut drifting. This tunnel discovered an extension of the northeast-trending, steeply southwest-dipping S18 vein continuous over 105 m and averaging 0.1 to 1.5 m thick. Some of the more encouraging results include 0.2 m of 9,525 g/t Ag, 13.53% Pb and 2.01% Zn, and 0.15 m of 5,306 g/t Ag, 10.38% Pb and 1.91% Zn.

The C29 vein, 6 km southeast of SGX tunnel CM103, is about 5 km long. Chip samples and grab samples had encouraging results (0.23 m with 0.07 g/t Au, 424 g/t Ag, >30.00% Pb and 2.68 % Zn). Recent enlargement of the tunnels (181.5 m), extension of the main tunnel for 60.7 m, undercut drifting for 662.8 m and raising for 33.8 m found three mineralized zones, the longest of which is about 20 m, 0.8 m wide and contains 1.5% Pb and 160 g/t Ag.


Expanding the Potential Resources of Massive Galena Sheets

On the Ying property, about 40 mineralized veins were identified by surface channel sampling and underground channel sampling with about 1 meter average width. Mineralization is hosted in a set of quartz-carbonate veins cross-cutting Archean aged felsic gneisses. In the western part of the project quartz-carbonate veins with silver-lead-zinc mineralization are manifested as 22 mapped vein-alteration zones. Veins S2, S7, and S8 are of particular interest due to the existence of previous local mining tunnels. It is expected that after the proposed 5,000m tunneling program is completed, more of these extremely high grade massive galena sheets, like those in S14, S16E and S16W veins, will be defined.


Direct Shipping of Ore & Custom Milling

1. Ore Sorting Facility

At the ore stockpile, mine employees manually sort out waste rock and direct-shipping lead ore from the run of mine ore. On a shipping campaign, the ore is loaded by front-end loader into 2-tonne tricycle trucks, which carry the ore along a one-lane, unpaved road from the mine to the barge ramp.
Currently, Found is constructing a conveyor-belt system for sorting waste rock and direct-shipping ore from the run of mine ore. The proposed site is located between Portals CM 103 and CM 105. Run of mine ore will be trucked and dumped into a bin fitted with a vibrating feeder. A wide flat belt located approximately 4 m above ground level has been specified for this application. This belt will be serviceable from either side and a partition to separate the discarded direct shipping ore from the discarded waste will be incorporated in the design. The plan is to have both the discarded high-grade ore and the waste removed from the facility with a front end loader. Material not discarded will be slated for milling and will discharge from the head pulley and loaded on tricycle trucks or moved to the by-product stockpile.
Items discussed on the preliminary design included the need to lengthen the tail pulley to minimize spillage and to facilitate clean up. The merits of a chute from the vibrating feeder to the sorting belt were debated as well. The removal of the chute would entail the installation of impact idlers at the receiving end of the belt.

2. Crushing facility for crushing direct shipping lead ore
A 900 m 2 steel-framed warehouse was built to house a 100 tpd crushing-plant. This facility is fully secured and it is used to store up to 1,500 tonnes of crushed direct shipping lead ore. The crushing equipment consists of two jaw crushers in closed circuit with a vibrating screen to produce a finished product that is minus 12 mm. This is the size that is specified by the lead smelter.

Crushed ore that has been bagged in 25 kg poly sacks is stored on one side of the building and the equipment is located on the other side. The crushed ore is hoisted from the screen undersize chute via a bucket elevator to a clam gate where bagging of the crushed product can take place. There are truck-sized doors located on either side of the building.

Coarse hand sorted ore is trucked to and dumped near the entrance of the primary jaw crusher chute. Ore is then either pushed with a loader or manually moved with shovels to feed into the primary jaw. Discharge from this jaw is then conveyed to the screen fitted with a 15 mm by 15 mm square wire mesh screen. Undersize reports to the feed of the bucket elevator while the oversize is diverted to a conveyor feeding the secondary jaw crusher. Discharge from the secondary jaw crusher falls onto the same conveyor as the primary jaw product for screening. The primary jaw is set at about 30 to 40 mm while the secondary is about 10 to 15mm.


5.3 By-Product Production and Sales From April 1, 2005 To February 28, 2006

The same milling contract was signed with two offsite custom mills: LZ Mill and LS Mill. See Figure 6.1 for location of these two custom mill sites. The milling fee is paid by the amount of tonnes processed. The fee for producing separate lead and zinc concentrates is US$18.50 per tonne and for a single concentrate of lead is US$13.50 per tonne.

The contracts stipulate that silver and lead recoveries be greater than 90% and zinc better than 80%. Lead assay in the lead concentrate must be greater than 50% with less than 8% Zn while zinc concentrate must contain more than 47% Zn and less than 2% Pb.
The contract also stipulates that mill samples be taken every two hours then composited into 8-hour shift samples. Three sets of shift composite assays are expected each operating day.
Neither custom mill is equipped with thickeners nor filters so concentrates are packaged in nylon bags after decanting and natural drying for shipment. Typical moisture content of the shipped concentrates ranges from 10 to 15%.

Lead concentrate and direct-shipping lead ore sales are contracted with Jiyuan Jinli Smelting Co. Ltd and Jiyuan Wanyang Smelting Co. Ltd. Both smelters are located in Jiyuan City of Henan Province, approximately 185 km northeast of the Ying Mine.

The payable prices for lead and silver are 76% and 75% of spot prices on the Shanghai Metal Exchange on the delivery date, respectively. If the gold content is greater than 2 g/t, it would be paid based on 50% of spot price on the Shanghai Metal Exchange. Lead concentrate and direct-shipping lead ore require lead to assay greater than 55%, and silver more than 1,500 g/t. The zinc assay must be less than 6%.

Zinc produced from the custom mill is sold to two different zinc smelters – Shaanxi Shangluo Zinc Co. Ltd and Jiyuan Yongxing Zinc Smelting Co. Ltd. The payable price is 70% of spot price on the Shanghai Metal Exchange on the delivery date. The smelters require the concentrate to contain more than 47% Zn and less than 2% Pb. There is no credit for silver in the zinc concentrate.

By-product ore production from exploration and development tunneling in the Ying Project for the eleven months ended February 28, 2006, is summarized as follows (in US dollars with an exchange rate of one US dollar = 8.1 RMB):

By-product Ore Production Tonnes
Direct-shipping lead ores 1,608
Low grade lead zinc ores 25,453
Low grade lead ores 7,498

Mill Throughput
Lead ores 5,480
Lead zinc ores 24,545

Concentrate Production
Lead concentrates 2,502
Zinc concentrates 1,263

By-product – Sales
Direct-shipping lead ore - 1,099.6 tonnes $894,011
Direct-shipping lead zinc ore - 11.8 tonnes $8,794
Lead concentrates - 2,463.17 tonnes $3,016,714
Zinc concentrates - 1,209.29 tonnes $655,966
Total US$4,575,485

All of the diluted by-product ore extracted by exploration and development tunneling was shipped to two offsite mills for custom milling. US$4,575,485 was recovered during April 30, 2005 to February 28, 2006 to pay for the costs of exploration and development, representing 78% of its total exploration and development costs during the period.


Mine Development and Mill construction

As listed in Table 6.1, capital costs for mine developments include shaft sinking, tunneling, mining and hauling equipment purchases and installation, power supplies and infrastructures, totalling US$5,819,878.

Table 6.1 : Capital Cost Estimates Of The Ying Project In US Dollars

Mine Development Costs US$
Shafts $1,520,700
Ventilation Shafts $269,388
460m Level Tunnel $741,638
410 Level Tunnel $705,163
Service Chambers $234,388
Mine Development $355,175
Mining Equipment $192,313
Hauling Equipment $521,188
Hoists, Winches, Pumps Etc. $666,025
Underground Power Supply Facilities $613,900
Subtotal $5,819,878

Mill Plant Costs
Crusher $152,775
Ball Mill And Flotation Cells $932,713
Filtration $522,050
Power Supply Facilities $653,063
Misc. $40,625
Tailings Dam $1,062,500
Subtotal US$3,363,725

Power Supply
Transform Station And Generators $1,121,500
Cables And Lighting $380,575
Subtotal $1,502,075

Water Treatment
Water Supply And Drainage $107,813
Environmental Project $232,463
Subtotal US$340,276

Public Facilities
Service Buildings $175,513
Communication $132,625
Fire Alarm System $48,438
Subtotal US$356,575

Infrastructure
Upgrading Mine Site Roads $205,875
Mill Roads $13,913
Ore Stockpiles And Concentrate Storage $12,838
Retaining Walls $234,000
Ditches $67,313
Sewage $13,113
Mine And Mill Site Transportation $259,000
Subtotal US$806,050

Other
Mine, Mill, And Tailings Land Leasing $158,375
Management Fees $152,525
Training $18,750
Equipment Testing $55,325
Tunnel Maintenance $68,288
Mining Engineering Planning $106,550
Geotechnical Study $65,575
Mine And Mill Design $60,000
Construction Inspection $75,000
Road Construction (Ying Site To Xiayu) $250,000
Ferry Terminal Upgrade $62,500
Ferry Building $250,000
Subtotal US$1,322,888

Total US$13,511,471


2. Mill construction

The proposed Xiashi mill for the Ying Mine is located at Xiashi Village, 17 km north-east of SGX. The Guxian Reservoir separates the mine and mill. Special barges will be designed and built to transport the ore 6 km over water. Trucks will then be used to haul the ore the remaining distance from the ferry terminal to the stockpile area of the new mill site. Before delivering the ore, the trucks will be weighed. Road upgrading of the truck route together with the installation of the truck scale is currently underway. In addition civil site works at the new mill site and road construction to the proposed tailings dam site are also underway.

The mill is designed for 600 tpd. There will be two parallel lines each capable of treating 300 tpd. The mill is designed to produce separate lead and zinc concentrates together with thickeners and filters for dewatering the lead and zinc concentrates unlike the custom mills. The main pieces of mill equipment are listed in Table.


Environmental , Operational Health and Safety

1.Environmental

An environmental permit has been issued to Found for the proposed mine and mill construction by Henan Provincial Environmental Protection Bureau. An approved Environmental Impact Assessment Study Report was prepared by Design Institute of Environment Protection of Luoyang City, dated January 20, 2006. The report detailed the current environmental condition at the site and established some basic socioeconomic and biophysical baseline data. The report concluded that current development mining had no significant adverse impacts.

Potential significant environmental impacts for the proposed mill and mine are likely to relate mostly to:

Waste mine water discharge: the mine discharge water is required to be settled and treated in the settling ponds to allow discharged water to contain less than 0.012 mg/l Pb and less than 1.02 mg/l Zn to satisfy “National Surface Water Quality Standard”, GB3838-2002II type water discharge standard;

Ensuring that waste rocks do not contain unacceptable levels of lead and zinc and piling of the waste rock is allowed;

Waste Water from the milling process shall be recycled and water shall be treated to satisfy “National Surface Water Quality Standard”, GB3838-2002II type water discharge standard;

Tailings from the milling process are required to be disposed behind the tailing dam. As most local people live above the tailing dam, tailings in the tailing dam have minimum impact on the local population’s drinking water;

Impact on the Gu-Xian Reservoir: the mine discharge water is required to be settled and treated in the settling ponds to allow discharged water to contain less than 0.012 mg/l Pb and less than 1.02 mg/l Zn to satisfy “National Surface Water Quality Standard”, GB3838-2002II type water discharge standard. Therefore, it will have minimum impact on the Gu-Xian Reservoir;

Public Opinion survey: as required by the Chinese government, a public opinion survey was performed with local affected communities. 98% of the surveyed were supportive of the project and only 2% were against the project.

The Henan Provincial Government has suggested an allocation of US$1.3 million for the mine and mill environmental program, such as re-establishing vegetation and reclamation; however, a bond is not required.

At the Ying Mine, a concrete pond was built to contain mine drainage from underground tunnels. This water is treated to satisfy the minimum requirements of water quality standard before being discharged to the environment. A number of trees were planted at the mine site as ongoing reclamation on disturbed land.


2. Operational Health and Safety

The Ying Mine has established comprehensive health and safety policies and procedures according to Chinese health and safety laws and regulations.
These safety policies and procedures include:

·Personal responsibilities of safe production, which covers safety responsibility for all management and staff;

·Safety inspection policies, which outline the procedures for daily, monthly and quarterly safety inspections;

·Safety training policies;

·Accident reporting policies;

·High-risk source monitoring policies;

·Correction policies of safety rule breach;

·Safety management policies for equipment;

·Safety Incentive and punishment policies;

·Operational health and safety record-filing policies;

·Safety fund collecting policies;

·Operating procedures for underground mining equipment;

The mine has an operational health and safety department which is staffed by three safety officers. The mandate of the department is to provide safety training, to enforce the operational health and safety policies and procedures, to make recommendations on mine safety issues, and to inspect the underground workings and explosive usages on a day-to-day basis. Each of the mining contractors appoints one to two safety officers of their own.
The mine maintains a safety committee of ten persons, headed by the general manager of Found. Other committee members consist of the deputy general manager of Henan Found, the mine manager, the safety department supervisor, the safety officer, and representatives of four mining contractors. The day-to-day operation of the committee is run by the mine’s safety department. The mine management and the safety officers are required to have valid mine safety training certificates issued by the Provincial Bureau of Safe Production and Inspection.
Insurance policies covering death and injury have been purchased for all of the staff and workers in the mine.
The mine and the mining contractors supply personal protective equipment (PPE) to their own staff or miners. The PPE includes hard hats, steel-toed boots, work gloves, face masks, and ear plugs.
The mine is planning to set up a mine rescue team in the near future. A medical clinic with a simple drugstore at the mine site, run by a private doctor, is designated to provide medical treatment to all staff and miners. An agreement was signed between a hospital in Luoning County and the mine to provide emergency services to the mine.
The mine maintains sound safety statistics. To date the mine hasn’t recorded any serious injury or death. The mine safety department reports the operational health and safety status on a weekly basis.
21.12.2006 - GOLDINVEST.de Daily - http://www.goldinvest.de

Chancen 2007

".......b]Angehende/junge Produzenten[/b]

Silvercorp Metals Inc. (WKN A0EAS0) hat sich durch sensationelle Leistungen 2006 zu Recht phänomenal entwickelt. Wir sehen keinen Grund, weshalb sich das Unternehmen 2007 nicht weiter mit der gleichen erstaunlichen Geschwindigkeit entwickeln sollte.

Da produziert wird, brauchen Anleger nicht über Fortschritte zu mutmaßen. Es genügt, die Quartalsberichte zu verfolgen. Die Gewinn-Marge lag zuletzt bei über 70 Prozent, das spricht für sich.

Silvercorp will nicht der größte, aber der profitabelste Silberproduzent der Welt sein. Die Weichen sind richtig gestellt: Durch die Kombination aus Ultra-High-Grade und billiger Arbeitskraft in China kann das Ziel erreicht werden.

Kurs heute: 17 CAD. Unser Ziel: 25 CAD."
Silvercorp Metals zuschlagen

27.12.2006
Rohstoffraketen

Kupferberg (aktiencheck.de AG) - Die Experten von Rohstoffraketen. de empfehlen den Anlegern bei der Aktie von Silvercorp Metals (ISIN CA82835P1036 / WKN A0EAS0) auf der aktuellen Kursbasis zuzuschlagen.

Die kanadische Silvercorp Metals verfüge mit dem chinesischen Ying-Projekt über eine absolute Weltklasse-Liegenschaft. Die Ressourcenbasis dieses explosiv wachsenden Silberkometen könne mit über 100 Millionen Unzen nur als gigantisch bezeichnet werden. Das Management habe seine Aktionäre bis jetzt noch nie enttäuscht und habe alle bisherigen Ziele erfolgreich umsetzen können. Die der breiten Öffentlichkeit noch völlig unbekannte Silvercorp Metals werde in naher Zukunft der profitabelste Silberproduzent der Welt sein.

Silvercorp Metals sei eine mit rasanter Geschwindigkeit wachsende kanadische Silberminen-Gesellschaft, welche in China über drei hochaussichtsreiche Projekte verfüge. Für extreme Kurssteigerungen dürfte dabei vor allem das in der Provinz Henan liegende Ying-Projekt verfügen. Diese Weltklasse-Liegenschaft überzeuge nicht nur durch exorbitant hohe Silbergehalte, sondern auch durch geologisch verblüffende Ähnlichkeiten mit dem Coeur d'Alene-Bezirk in Idaho. Dort hätten bereits mehr als eine Milliarde Unzen Silber abgebaut werden können.

Die auf dem Ying-Projekt erzielten Bohrergebnisse hätten es wirklich in sich: Man habe unter anderem 2.790 Gramm je Tonne Silber, 57,33 Prozent Blei und 0,28 Prozent Zink sowie 4.094 Gramm je Tonne Silber, 55,5 Prozent Blei und knapp ein Prozent Zink gefunden. In speziellen Abschnitten hätten sogar teilweise mehr als 30 Prozent Zink nachgewiesen werden können. Kein Wunder, dass die Ressourcenbasis von Silvercorp Metals ständig nach oben korrigiert werden müsse und turboähnlich in die Höhe schieße. Der kommende Silberstar verfüge bereits jetzt über Ressourcen (Kategorie "inferred") von knapp 120 Millionen Unzen Silberäquivalenten.

Der Knackpunkt: Dieser Ansatz dürfte sich schon bald als deutlich zu niedrig herausstellen. Zum einen sollte man sich vor Augen führen, dass für die Kalkulation der Silberäquivalente lediglich ein Preis von 6,50 Dollar je Feinunze Silber zugrunde gelegt worden sei. Dieser Preis liege jedoch etwa 50 Prozent unter der aktuellen Notierung (auf Basis von 14 USD gerechnet).

Damit nicht genug: Die Ressourcenschätzung in Höhe von knapp 120 Millionen Unzen beziehe sich lediglich auf Teile von 14 Erzadern - das gesamte Potenzial der Liegenschaft sei damit noch nicht einmal ansatzweise ausgeschöpft. So sei es auch kein Wunder, dass erst kürzlich neueste Schätzungen herausgekommen seien, die bei Silvercorp Metals auf ein Silberäquivalent von bis zu 200 Millionen Unzen kämen. Das würde einem Gegenwert von deutlich über 2,5 Milliarden Dollar entsprechen.

Silvercorp Metals hätten die Wertpapierexperten am 31. Oktober 2006 unterhalb von 15 Kanadischen Dollar (CAD) zum Kauf empfohlen. Nach einem starken Anstieg bis auf über 18 CAD sei der Silbertitel in den letzten Tagen wieder etwas zurückgekommen und stehe nun kurz davor, gewaltig nach oben zu drehen.

Anleger, die bis jetzt noch nicht investiert sind, sollten daher spätestens auf aktueller Kursbasis zuschlagen, so die Experten von "Rohstoffraketen.de". (Ausgabe vom 23.12.06)
Quelle: aktiencheck 27.12.2006
Wie hat Goldinvest.de in der Mitteilung v. 21.12.06 zu Recht festgestellt:

"Da produziert wird, brauchen Anleger nicht über Fortschritte zu mutmaßen. Es genügt, die Quartalsberichte zu verfolgen. Die Gewinn-Marge lag zuletzt bei über 70 Prozent, das spricht für sich."

Besonders gespannt darf man von daher auf den Bericht zum jetzt ablaufenden 3. Quartal 06/07 sein (Geschäftsjahr vom 01.04. bis 31.03), der für Anfang/Mitte Feb. 07 erwartet werden kann, insbesondere auf dem Hintergrund der Tatsache, dass hier erstmalig die Ergebnisse der ab September zum Einsatz gekommenen erheblich effektivierten Abbau-Methoden einfließen werden.

Zur Erinnerung nachfolgend nochmals der Q 2-Bericht unter Hervorhebung der betreffenden Passage:

17:01 EST Monday, November 13, 2006

Silvercorp Doubles Earnings to $0.11 Per Share for the 2nd Quarter Ended September 30, 2006

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 13, 2006) -
Silvercorp Metals Inc. (the Company") (TSX:SVM) more than doubled its net earnings to $5,361,840, $0.11 per share on revenues of $10,708,123 for the 2nd quarter ended September 30, 2006 as compared to net earnings of $2,357,580, or $0.05 per share on revenues of $4,333,050 for the 1st quarter ended June 30, 2006.
Mine production at the Ying Property started on April 1, 2006. At this relatively early phase, and as part of a staged start-up to its mining operation, the Company generated gross revenue of $10,708,123 and $15,041,173 for the three-month and six-month periods ended September 30, 2006, respectively, by the selling of the direct shipping ore and silver-lead and zinc concentrates. This resulted in an earnings from mine operations of $8,279,088 and $11,691,802 and a gross margin of 77.3% and 77.7%, for the three-month and six-month periods ended September 30, 2006, respectively.

For the 2nd quarter ended September, 2006, the Company had net earnings of $5,361,840 or $0.11 per share, compared to a net loss of $2,339,299 or $0.06 per share for the same period of 2005. The increase in net earnings for the 2nd quarter ended September 30, 2006 as compared to the net loss for the same period of the prior year was mainly due to the commencement of mine production at Ying Property.

For the three-month period ended September 30, 2006, 40,525 tonnes of ores were extracted, from which 1,723 tonnes of direct shipping ores were hand-sorted for direct shipment to smelter, and 31,115 tonnes of ores were shipped to the custom mills for treatment to recover silver-lead and zinc concentrates. The custom mills have achieved high recovery rates: 93.6% for silver, 97.5% for lead, and 74.2% for zinc. The total production cost for silver adjusted for lead and zinc credits is negative $6.07 per ounce.

For the six-month period ended September 30, 2006, 71,244 tonnes of ores were extracted, from which 2,783 tonnes of direct shipping ores were hand-sorted for direct shipment to smelter, and 51,401 tonnes of ores were shipped to the four custom mills for treatment to recover silver-lead and zinc concentrates. The custom mills have achieved high recovery rates: 92.70% for silver, 97.34% for lead and 77.04% for zinc. The total production cost for silver adjusted for lead and zinc credit is negative $6.21 per ounce.
The 2nd quarter average selling prices, net of value added tax and smelter charges, were: $9.63 per ounce for silver, $345 per ounce for gold, $0.51 per pound for lead, and $1.11 per pound for zinc with average production costs of $2.19 per ounce for silver, $78.34 per ounce for gold, $0.12 per pound for lead, and $0.25 per pound for zinc, respectively.

On September 30, 2006, Silvercorp had a working capital position of $60,425,539 comprised mainly of cash and cash equivalents of $9,214,195, short-term investments of $50,602,000, offset by current liabilities of $3,260,723 without any debt.

Mine production is progressing well and is expected to reach anticipated capacity through staged ramping up of operations. With a view towards further increasing the availability and reliability of local milling capacity, the Company is currently constructing a 600 tonne per day flotation mill; presently, two third party flotation mills with a combined capacity of about 400 tonnes per day are used to treat the ore from the Ying Property through custom milling contracts. When the 600 tonnes per day mill is completed by the end of March 2007, the Company expects to be able to draw upon a combined milling capacity of 1,000 tonnes per day. The mill construction is on schedule with the majority of newly purchased equipments already installed.

Ore production using the re-suing mining method has significantly improved productivity starting September 2006 and it will improve the net earnings for the Future quarters. The Company has employed two mining methods in its mine production, namely, the shrinkage and re-suing mining methods. The shrinkage mining method is relatively easy to develop but may result in a larger waste rock dilution factor of over 150% when applied to the narrow, high-grade veins at the Ying Property. Application of the re-suing mining method requires highly skilled miners and takes more time to accomplish; however, it also incurs much lower waste rock dilution, with a dilution factor of less than 20%. Prior to September 2006, most of the ores at Ying were extracted using the shrinkage mining method.

The Company will have three mining permits, namely Ying Mining permit, HPG Mining permit, and NZ mining permit, in Henan province, China, enabling Silvercorp to achieve revenues from gold, silver, lead and zinc ores from three different mining operations upon further exploration and development work. Regarding the HPG project, the Company is currently still waiting for final approval from the Ministry of Commerce of China.
During this quarter, several new concealed veins containing massive galena mineralization were discovered including S14-1, S14-2, S16E1, S16E2, S16E3, S16E4, and S8E. A total of 41 drill holes totaling 11,231m (10 surface and 31 underground drill holes) have been completed. Sixteen of 41 drill holes intercepted massive galena sheets with silver equivalent grade exceeding 1,250 g/t, representing a 39% drilling success rate. During the six month ended September 30, 2006 additional 19,368 meters of tunnels were completed, and a total of 46,942 meters of tunnel have been completed since August 2004.

During the quarter, the Company has also focused on recruiting for key staffing positions, and has elected several independent Directors to its Board. At a time when the Company is in rapid growth and expansion mode, this is expected not only to contribute to an enhanced managerial capacity but also to the promotion and maintaining of corporate governance practices of the highest standard.

The complete financial statements and management discussion and analysis are available for review on our website: www.silvercorp.ca, and on the SEDAR system
at www.sedar.com.
Noch ein kleiner Wink mit einem großen Zaunpfahl:

Allen, die in der glücklichen Lage sind, über die aktuelle RSR-Rohstoffstudie Winter 06/07 zu verfügen und wegen deren Umfang möglicherweise noch nicht bis zum Ende vorgedrungen sind, sei speziell Teil XIV - "Die Traumkombination: Silber, Zink und Blei" ans Herz gelegt.

Für alle übrigen gilt: Faktenlage analysieren, aktuelle und bevorstehende Trends bewerten und unter Einsatz des gesunden Menschenverstandes mit etwas mehr Mühe zum gleichen Ergebnis gelangen! :D

Vielleicht gibt's dann demnächst hier auch etwas mehr feed-back; würde mich jedenfalls freuen, das derzeitige "Einzelkämpferdasein"
zu beenden.

sloop
Dem/der ein(en) oder anderen wird "Sprott Asset Management" ein Begriff sein. Insbesondere die seit langem und immer noch in Blue Pearl Mining Investierten werden wissen, wovon die Rede ist, haben wir dort doch nicht zuletzt von den zutreffenden und frühzeitigen positiven Einschätzungen dieser renommierten Anlageprofis, verbunden mit der Aufnahme von bpm in Sprott's "Canadian Equity Fund" vor fast bereits einem Jahr, profitiert und tun dies nach wie vor. ;)

Was hat das jetzt mit SVM zu tun?
Ganz einfach:

SPROTT GOLD AND PRECIOUS MINERALS FUND
QUARTERLY SUMMARY OF INVESTMENT PORTFOLIO
September 30, 2006


Top 25 Holdings
Name of Security Percentage of Total Net Assets (%)
Aurelian Resources Inc. 8.62%
Silver Certificates 6.50%
Southwestern Resources Corp. 4.62%
Bear Creek Mining Corporation 4.26%
Silver Standard Resouces, Inc. 3.15%
Silver Wheaton Corp. 3.04%
Greystar Resouces Ltd. 3.01%
Wesdome Gold Mines Inc. 2.62%
Minefinders Corporation, Ltd. 2.61%
Guyana Goldfields Inc. 2.51%
Axmin Inc. 2.46%
IAMGold Corp. 2.42%
Tournigan Gold Corporation 2.39%
New Gold Inc. 2.37%
Queenstake Resources Ltd. 2.23%
Metallica Resources Inc. 2.09%
SXR Uranium One Inc. 1.99%

Silvercorp Metals Inc. 1.74% :cool:

Red Back Mining Inc. 1.72%
Meridian Gold Corp. 1.65%
Agnico-Eagle Mines Limited 1.62%
Minera Andes Inc. 1.62%
Intrepid Mines Limited. 1.58%
SEMAFO Inc. 1.54%
Pelangio Mines Inc. 1.36%
Antwort auf Beitrag Nr.: 26.534.672 von sloopjohn am 29.12.06 03:47:22Hi!
Seit wannn bist du hier investiert, wenn ich fragen darf?
Erwäge auch einzusteigen! ;)
Gruss Atreyu
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