Silvercorp Metals - Jetzt geht\'s hier richtig los! (Seite 468)
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ISIN: CA82835P1036 · WKN: A0EAS0 · Symbol: SVM
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Antwort auf Beitrag Nr.: 30.782.369 von eifelcash am 20.07.07 22:06:18Hallo eifel,
na das passt ja!
\"..kannst Urlaub verlängern\"
....Du wirst lachen: Genau das haben wir spontan beschlossen & noch eine Woche drangehängt.
Beim sporadischen Reinschauen ins Netz musste ich mir angesichts der flächendeckenden Depotexplosion zunnächst zwar mehrmals die Augen reiben, aber man gewöhnt sich dran. Jedenfalls machst Du & andere hier offensichtlich einen gnadenlos guten Job. Besten Dank, chapeau & weiter so.
Melde mich dann voraussichtlich nächstes WE wieder aus der Heimat.
Bis dahin uns allen weiterhin viel Erfolg an allen Fronten & beste Grüße,
sloop
na das passt ja!
\"..kannst Urlaub verlängern\"
....Du wirst lachen: Genau das haben wir spontan beschlossen & noch eine Woche drangehängt.
Beim sporadischen Reinschauen ins Netz musste ich mir angesichts der flächendeckenden Depotexplosion zunnächst zwar mehrmals die Augen reiben, aber man gewöhnt sich dran. Jedenfalls machst Du & andere hier offensichtlich einen gnadenlos guten Job. Besten Dank, chapeau & weiter so.
Melde mich dann voraussichtlich nächstes WE wieder aus der Heimat.
Bis dahin uns allen weiterhin viel Erfolg an allen Fronten & beste Grüße,
sloop
@sloopjohn
..kannst Urlaub verlängern...stop..alle Baustellen im grünen Bereich...stop..
...wenns so weiter geht kannst du eine Auslandsdependence einrichten...stop.
Beste Grüße,
eifel
..kannst Urlaub verlängern...stop..alle Baustellen im grünen Bereich...stop..
...wenns so weiter geht kannst du eine Auslandsdependence einrichten...stop.
Beste Grüße,
eifel
....und die Dynamik nimmt zu!!!
Nach oben....
Auf zu 25 CAD!
Moersche
Nach oben....
Auf zu 25 CAD!
Moersche
Silvercorp Signed Joint Venture Contract to Explore Two Silver-Polymetallic Mineral Properties in Qinghai Province, China
Tuesday July 10, 9:00 am ET
http://ca.us.biz.yahoo.com/iw/070710/0275901.html
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 10, 2007 -- Silvercorp Metals Inc. (the "Company") (Toronto:SVM.TO - News) announces that it has signed a joint venture contract with Qinghai Geological Survey ("QGS") to form Qinghai Found Mining Company Ltd. ("Qinghai Found"), a Sino-foreign cooperate joint venture company, to explore and develop the Na-Bao silver-polymetallic Project in Qinghai Province. Under the joint venture contract, the Company can earn an 82% interest in Qinghai Found by investing about US$4.0 million. QGS will retain an 18% carried interest in Qinghai Found in exchange for transferring the three Na-Bao permits to Qinghai Found.
Na-Bao Project
The Na-Ba Project is located in the Na-Bao area of southwest Qinghai province about 100 km west of the Qinghai-Tibet Railway. It consists of three exploration permits covering an area of about 320 square km (19 km by 16 km) . The Na-Bao Project was discovered through 1:200,000 and 1:50,000 scale stream sedimentary geochemical surveys completed in 2006 which revealed a 10 km long by 6 km wide silver-lead geochemical anomalies in the centre of the Project area. A follow-up field check of the anomalies has discovered two silver-polymetallic prospects within the anomalies. The No.1 prospect is made of two parallel, over 1,000 metre (m) structural zones that show significant silver-lead-zinc sulfide mineralization, as evidenced by massive galena (lead mineral) and sphalerite (zinc mineral). Based on a 2006 Qinghai Geological Survery ("QGS") report, the mineralization zones contain as high as 71.06% lead and 23.99% Zinc. The No. 2 prospect shows outcrop of copper-iron skarn, grab sample of which returned 4.8% copper, 25.1% total iron, and 41.8 grams per tonne silver.
Currently, the Company has engaged QGS to carry out an exploration program, including 50 square km of geological mapping, 30 square km of IP geophysical survey, and 10,000 cubic metres of surface trenching. The field season is generally from May to October.
XG Project
The Company has also signed a letter of intent with QGS to jointly explore the XG silver polymetallic project, which consists of two exploration permits (the XGE and XR Permits) owned by QGS and totaling about 161 square km, 460 km southeastern of the Na-Bao project. With the establishment of Qinghai Found, the XG project permits will also be transferred to Qinghai Found in exchange for a cash payment to QGS. Golder Association Consulting Ltd. of Australia ("Golder") completed a NI 43-101 technical report on the XG Project in November 2006.
Based on the Golder report, in the XGE permit area, 4 major stream sedimentary geochemical anomalies were identified. Surface trench exploration on one of the geochemical anomalies discovered the XGE silver-copper-lead mineralization zone, which is about 2200m long and 250m wide. Within the zone, four mineralized structures ranging from 130m to1600m in length and 1m to 45m in width were identified by trenches. The Significant trench interval includes 7.6 metres grading 1920 gram/tonne (g/t) silver and 2.47% copper. The assay result for the trenches are listed in the table below.
In the western XR permit area, 6 silver stream sedimentary anomalies were identified. Surface trench work in one of the geochemical anomalies has discovered four mineralized structures ranging from 150m to 2,200m in length and 3m to 45m in width within a 2.5 km by 1 km area. The assay results for the trenches are listed in the table below.
Trench Assay Results--------------------------------------------------------------------------- Sample length Grade -----------------------------------------------------Trench Prospect (metre) Ag g/t Cu % Pb % Zn %---------------------------------------------------------------------------TC5 3.80 76 1.01 0.005 0.007---------- -----------------------------------------------------TC6 6.20 7 2.48 0.010 0.060---------- -----------------------------------------------------TC11 0.41 124 1.2 0.004 0.040---------- XGE -----------------------------------------------------TC17 1.00 3 0.88 0.002 0.015---------- -----------------------------------------------------TC3 23.70 714 1.05 0.370 0.430---------- ----------------------------------------------------- Including 7.60 1920 2.47 0.440 0.630---------------------------------------------------------------------------TC1 XR 4.60 1 - 10.970 0.340---------- -----------------------------------------------------TC14 21.30 30 - 3.160 2.180---------- ----------------------------------------------------- Including 1.50 71 - 12.660 2.720---------- -----------------------------------------------------TC14 6.00 114 - 19.680 0.140---------- -----------------------------------------------------TC15 2.00 98 - 15.270 0.170---------- -----------------------------------------------------TC13 4.20 48 - 2.670 0.280---------- -----------------------------------------------------TC3W 8.00 193 - 7.930 0.700---------- ----------------------------------------------------- Including 4.50 321 - 13.150 1.130---------- -----------------------------------------------------TC3E 4.50 88 - 2.680 0.070---------- -----------------------------------------------------TC9 5.90 245 - 7.230 0.310---------- -----------------------------------------------------TC11 3.00 10 - 3.000 8.720---------- -----------------------------------------------------TC12 2.80 5 - 2.530 0.870---------- -----------------------------------------------------TC16 1.30 3 - 0.700 0.009---------- -----------------------------------------------------QJ3 4.10 111 - 23.930 0.210---------- -----------------------------------------------------QJ2 4.00 106 - 4.940 0.450---------- -----------------------------------------------------QJ1 5.50 182 - 7.080 0.120---------- ----------------------------------------------------- Including 2.00 364 0.15 14.020 0.020---------------------------------------------------------------------------Golder Check Grab sample (TC9 sample of XR Prospect) 305 - 10.960 ----------------------------------------------------------------------------
Both Na-Bao and XG Projects are subject to receive final approvals from regulatory authorities.
Quality Control of Assay results
The samples were collected by the Qinghai Geological Survey, a Qinghai Provincial government agency in charge of exploration of mineral resource in the Province. The samples were assayed in Qinghai Geological Central Laboratories ("QGCL"), an ISO9001-2000 certified lab which also is accredited by Chinese National Accreditation Board for Laboratories.
The sample preparation consists of drying, crushing, splitting of samples to 150 grams, then the samples are pulverized to 200 mesh. Silver, lead, zinc, and copper were analyzed by a 3-hour hot aqua regia digestion on 10-gram samples with an AA/ICP finish. Check samples by Golder was assayed in Tianjian SGS Laboratory, China.
Myles Gao, P.Geo., is the Qualified Person on the project under NI 43-101.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is engaged in the acquisition, exploration, and development of silver related mineral properties focusing in the People's Republic of China ("China"). Currently, the Company's main mining operations are the Ying Silver-Lead-Zinc mine ("Ying Silver Project") and the Hou-Ping Gou Silver-Gold-Lead-Zinc mine ("HPG Project"), owned through its 77.5% and 70% Chinese subsidiary companies, respectively.
The Company is on the S&P/TSX Composite Index, the S&P/TSX Global Gold Index, and S&P/TSX Global Mining Index.
CAUTIONARY DISCLAIMER -- FORWARD LOOKING STATEMENTS
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, development, and mining. Production and revenue projections are based not on mineral reserves but on mineral resources which do not have demonstrated economic viability. As a result, actual results may vary materially from those described in the forward-looking statements. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. The Company expressly disclaims any obligation to update any forward-looking statements. We seek safe harbour.
Contact:
Contacts:
Silvercorp Metals Inc.
Rui Feng
Chairman & CEO
(604) 669-9397
(604) 669-9387 (FAX)
Email: info@silvercorp.ca
Website: http://www.silvercorp.ca
Source: Silvercorp Metals Inc.
Tuesday July 10, 9:00 am ET
http://ca.us.biz.yahoo.com/iw/070710/0275901.html
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jul 10, 2007 -- Silvercorp Metals Inc. (the "Company") (Toronto:SVM.TO - News) announces that it has signed a joint venture contract with Qinghai Geological Survey ("QGS") to form Qinghai Found Mining Company Ltd. ("Qinghai Found"), a Sino-foreign cooperate joint venture company, to explore and develop the Na-Bao silver-polymetallic Project in Qinghai Province. Under the joint venture contract, the Company can earn an 82% interest in Qinghai Found by investing about US$4.0 million. QGS will retain an 18% carried interest in Qinghai Found in exchange for transferring the three Na-Bao permits to Qinghai Found.
Na-Bao Project
The Na-Ba Project is located in the Na-Bao area of southwest Qinghai province about 100 km west of the Qinghai-Tibet Railway. It consists of three exploration permits covering an area of about 320 square km (19 km by 16 km) . The Na-Bao Project was discovered through 1:200,000 and 1:50,000 scale stream sedimentary geochemical surveys completed in 2006 which revealed a 10 km long by 6 km wide silver-lead geochemical anomalies in the centre of the Project area. A follow-up field check of the anomalies has discovered two silver-polymetallic prospects within the anomalies. The No.1 prospect is made of two parallel, over 1,000 metre (m) structural zones that show significant silver-lead-zinc sulfide mineralization, as evidenced by massive galena (lead mineral) and sphalerite (zinc mineral). Based on a 2006 Qinghai Geological Survery ("QGS") report, the mineralization zones contain as high as 71.06% lead and 23.99% Zinc. The No. 2 prospect shows outcrop of copper-iron skarn, grab sample of which returned 4.8% copper, 25.1% total iron, and 41.8 grams per tonne silver.
Currently, the Company has engaged QGS to carry out an exploration program, including 50 square km of geological mapping, 30 square km of IP geophysical survey, and 10,000 cubic metres of surface trenching. The field season is generally from May to October.
XG Project
The Company has also signed a letter of intent with QGS to jointly explore the XG silver polymetallic project, which consists of two exploration permits (the XGE and XR Permits) owned by QGS and totaling about 161 square km, 460 km southeastern of the Na-Bao project. With the establishment of Qinghai Found, the XG project permits will also be transferred to Qinghai Found in exchange for a cash payment to QGS. Golder Association Consulting Ltd. of Australia ("Golder") completed a NI 43-101 technical report on the XG Project in November 2006.
Based on the Golder report, in the XGE permit area, 4 major stream sedimentary geochemical anomalies were identified. Surface trench exploration on one of the geochemical anomalies discovered the XGE silver-copper-lead mineralization zone, which is about 2200m long and 250m wide. Within the zone, four mineralized structures ranging from 130m to1600m in length and 1m to 45m in width were identified by trenches. The Significant trench interval includes 7.6 metres grading 1920 gram/tonne (g/t) silver and 2.47% copper. The assay result for the trenches are listed in the table below.
In the western XR permit area, 6 silver stream sedimentary anomalies were identified. Surface trench work in one of the geochemical anomalies has discovered four mineralized structures ranging from 150m to 2,200m in length and 3m to 45m in width within a 2.5 km by 1 km area. The assay results for the trenches are listed in the table below.
Trench Assay Results--------------------------------------------------------------------------- Sample length Grade -----------------------------------------------------Trench Prospect (metre) Ag g/t Cu % Pb % Zn %---------------------------------------------------------------------------TC5 3.80 76 1.01 0.005 0.007---------- -----------------------------------------------------TC6 6.20 7 2.48 0.010 0.060---------- -----------------------------------------------------TC11 0.41 124 1.2 0.004 0.040---------- XGE -----------------------------------------------------TC17 1.00 3 0.88 0.002 0.015---------- -----------------------------------------------------TC3 23.70 714 1.05 0.370 0.430---------- ----------------------------------------------------- Including 7.60 1920 2.47 0.440 0.630---------------------------------------------------------------------------TC1 XR 4.60 1 - 10.970 0.340---------- -----------------------------------------------------TC14 21.30 30 - 3.160 2.180---------- ----------------------------------------------------- Including 1.50 71 - 12.660 2.720---------- -----------------------------------------------------TC14 6.00 114 - 19.680 0.140---------- -----------------------------------------------------TC15 2.00 98 - 15.270 0.170---------- -----------------------------------------------------TC13 4.20 48 - 2.670 0.280---------- -----------------------------------------------------TC3W 8.00 193 - 7.930 0.700---------- ----------------------------------------------------- Including 4.50 321 - 13.150 1.130---------- -----------------------------------------------------TC3E 4.50 88 - 2.680 0.070---------- -----------------------------------------------------TC9 5.90 245 - 7.230 0.310---------- -----------------------------------------------------TC11 3.00 10 - 3.000 8.720---------- -----------------------------------------------------TC12 2.80 5 - 2.530 0.870---------- -----------------------------------------------------TC16 1.30 3 - 0.700 0.009---------- -----------------------------------------------------QJ3 4.10 111 - 23.930 0.210---------- -----------------------------------------------------QJ2 4.00 106 - 4.940 0.450---------- -----------------------------------------------------QJ1 5.50 182 - 7.080 0.120---------- ----------------------------------------------------- Including 2.00 364 0.15 14.020 0.020---------------------------------------------------------------------------Golder Check Grab sample (TC9 sample of XR Prospect) 305 - 10.960 ----------------------------------------------------------------------------
Both Na-Bao and XG Projects are subject to receive final approvals from regulatory authorities.
Quality Control of Assay results
The samples were collected by the Qinghai Geological Survey, a Qinghai Provincial government agency in charge of exploration of mineral resource in the Province. The samples were assayed in Qinghai Geological Central Laboratories ("QGCL"), an ISO9001-2000 certified lab which also is accredited by Chinese National Accreditation Board for Laboratories.
The sample preparation consists of drying, crushing, splitting of samples to 150 grams, then the samples are pulverized to 200 mesh. Silver, lead, zinc, and copper were analyzed by a 3-hour hot aqua regia digestion on 10-gram samples with an AA/ICP finish. Check samples by Golder was assayed in Tianjian SGS Laboratory, China.
Myles Gao, P.Geo., is the Qualified Person on the project under NI 43-101.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is engaged in the acquisition, exploration, and development of silver related mineral properties focusing in the People's Republic of China ("China"). Currently, the Company's main mining operations are the Ying Silver-Lead-Zinc mine ("Ying Silver Project") and the Hou-Ping Gou Silver-Gold-Lead-Zinc mine ("HPG Project"), owned through its 77.5% and 70% Chinese subsidiary companies, respectively.
The Company is on the S&P/TSX Composite Index, the S&P/TSX Global Gold Index, and S&P/TSX Global Mining Index.
CAUTIONARY DISCLAIMER -- FORWARD LOOKING STATEMENTS
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, development, and mining. Production and revenue projections are based not on mineral reserves but on mineral resources which do not have demonstrated economic viability. As a result, actual results may vary materially from those described in the forward-looking statements. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws. The Company expressly disclaims any obligation to update any forward-looking statements. We seek safe harbour.
Contact:
Contacts:
Silvercorp Metals Inc.
Rui Feng
Chairman & CEO
(604) 669-9397
(604) 669-9387 (FAX)
Email: info@silvercorp.ca
Website: http://www.silvercorp.ca
Source: Silvercorp Metals Inc.
@xscout88:
Danke für den Hinweis; ist zwar schon etwas älter, aber steter Tropfen höhlt ja bekanntlich den Stein. Der komplette Text steht übrigens auch hier im thread unter #119 v. 29.05.
@eifelcash:
Merci, das klappt ja reibungslos hier. Hast ' mein vollstes Vetrauen. So, und jetzt fang ich mal langsam an, meine Rucksäcke zu packen (einen für die Klamotten und einen für die Bit-Dosen; wie es heisst, soll man im Hochgebirge ja viel Flüssigkeit zu sich nehmen).
Beste Grüße an Dich & @all und bis die Tage,
sloop
Danke für den Hinweis; ist zwar schon etwas älter, aber steter Tropfen höhlt ja bekanntlich den Stein. Der komplette Text steht übrigens auch hier im thread unter #119 v. 29.05.
@eifelcash:
Merci, das klappt ja reibungslos hier. Hast ' mein vollstes Vetrauen. So, und jetzt fang ich mal langsam an, meine Rucksäcke zu packen (einen für die Klamotten und einen für die Bit-Dosen; wie es heisst, soll man im Hochgebirge ja viel Flüssigkeit zu sich nehmen).
Beste Grüße an Dich & @all und bis die Tage,
sloop
Trading Spotlight
Ab und an ne Kaufempfehlung Kursziel 25 CAD
was will man mehr?
http://www.ariva.de/Silvercorp_Metals_A0EAS0_t291975
was will man mehr?
http://www.ariva.de/Silvercorp_Metals_A0EAS0_t291975
Hallo sloopjohn,
war wieder ein paar Tage unterwegs, und bin rechtzeitig zur Wachablösung am Start.
Wenn du unseren Bergabsteiger siehst verkauf ihm mal ne Sauerstoffflasche, damit er nicht wieder kollabiert auf halbem Weg...
Ansonsten viel Spaß im Gebirge, den Rest mach ich hier schon.
Gruß,
eifelcash
war wieder ein paar Tage unterwegs, und bin rechtzeitig zur Wachablösung am Start.
Wenn du unseren Bergabsteiger siehst verkauf ihm mal ne Sauerstoffflasche, damit er nicht wieder kollabiert auf halbem Weg...
Ansonsten viel Spaß im Gebirge, den Rest mach ich hier schon.
Gruß,
eifelcash
Antwort auf Beitrag Nr.: 30.401.536 von eifelcash am 29.06.07 23:16:46
Hallo eifel,
ja wie üblich halt. Bißchen mehr dürft 's ab & an schon sein. Aber wenn ich mir derzeit den thread bei tcm und anderen anschaue, dann lernt man die Ruhe hier regelrecht zu schätzen. Da sind ja seit Tagen verstärkt wieder diese seltsamen Krabbelgruppen unterwegs – macht echt kein Spass & von daher habe ich mich dort auch entsprechend zurück genommen. Aber davon abgesehen geht ja sowieso alles seinen sozialistischen Gang.
Btw: Ab Samstag bin ich für etwa 10-14 Tage im hochalpinen Gelände unterwegs (hoffe nur, dass ich nicht unseren allseits geschätzten "Beobachter" nach seinem fulminanten Abstieg noch aus irgend einer Gletscherspalte bergen muss :laugh und werde mich während dieser Zeit -wenn überhaupt- nur ganz sporadisch melden.
Ich weiß unsere diversen Perlen ja zum Glück bei Dir und einigen anderen in bewährt guten Händen. Falls wir uns also vorher nicht mehr lesen sollten oder sonst etwas Weltbewegendes geschieht, wünsche ich Dir schon mal was & so long
sloop
Hallo eifel,
ja wie üblich halt. Bißchen mehr dürft 's ab & an schon sein. Aber wenn ich mir derzeit den thread bei tcm und anderen anschaue, dann lernt man die Ruhe hier regelrecht zu schätzen. Da sind ja seit Tagen verstärkt wieder diese seltsamen Krabbelgruppen unterwegs – macht echt kein Spass & von daher habe ich mich dort auch entsprechend zurück genommen. Aber davon abgesehen geht ja sowieso alles seinen sozialistischen Gang.
Btw: Ab Samstag bin ich für etwa 10-14 Tage im hochalpinen Gelände unterwegs (hoffe nur, dass ich nicht unseren allseits geschätzten "Beobachter" nach seinem fulminanten Abstieg noch aus irgend einer Gletscherspalte bergen muss :laugh
und werde mich während dieser Zeit -wenn überhaupt- nur ganz sporadisch melden. Ich weiß unsere diversen Perlen ja zum Glück bei Dir und einigen anderen in bewährt guten Händen. Falls wir uns also vorher nicht mehr lesen sollten oder sonst etwas Weltbewegendes geschieht, wünsche ich Dir schon mal was & so long
sloop
Antwort auf Beitrag Nr.: 30.311.489 von sloopjohn am 25.06.07 18:43:22Auch von mir ein welcome.
Geht ja schön ruhig zu hier.Und das ist gut so, gell sloopjohn?
Gruß,
eifelcash
Geht ja schön ruhig zu hier.Und das ist gut so, gell sloopjohn?
Gruß,
eifelcash
Antwort auf Beitrag Nr.: 30.306.649 von xscout88 am 25.06.07 14:55:47Hi,
& danke für 's Einstellen.Haben wir hier etwa einen neuen Mitinvestierten? Falls dem so sein sollte: Herzlich willkommen!
sloop
Habe auch noch eine news von eben:
PRESS RELEASE
Trading Symbol:SVM.TO June 25, 2007
SILVERCORP RECEIVES US$11.264 MILLION DIVIDEND PAYMENT AND FAVORABLE INCOME TAX HOLIDAY RULING FOR ITS YING SILVER PROJECT, CHINA
VANCOUVER, British Columbia – June 25, 2007 – Silvercorp Metals Inc. (the “Company”) announces that it has received a notification from the Chinese tax authorities which confirms that the Company’s 77.5% subsidiary company, Henan Found Mining Co. Ltd. (“Henan Found”), is a qualified Foreign Investment Enterprise that can enjoy a zero income tax rate for its first two years from its first year of recording a profit, and a 15% income tax rate for the 3rd to 5th year.
The Chinese tax authorities have also accepted annual income tax filing by Henan Found that 2006 calendar year is the first year of its profitability. Accordingly, Henan Found’s income tax holiday starts from the 2006 calendar year, instead of 2005 calendar year as the Company has conservatively provided for in its Audited Annual Financial Statement for the fiscal year ended March 31, 2007 (see June 10, 2007 Company Press Release). As a result, the $1,623,286 income tax provision recorded for the Company’s fourth quarter in the Audited Financial Statement for the year ended March 31, 2007 will be adjusted as a credit in the Company’s first quarter financial statement ending June 30, 2007.
As Henan Found’s 2007 calendar year will be the second year of zero income tax and therefore no income tax provision on this operation will be required for the Company’s first to third quarters financial statements of fiscal year ending March 31, 2008.
Based on its 2006 calendar year income tax filings, Henan Found’s net distributable profit is RMB¥131,347,992 after compensating for its 2005 calendar year loss. Henan Found’s Board of Directors has decided to distribute RMB¥111,000,000 as a dividend to its shareholders, representing a payout of 84.5%. The balance of net distributable profit will be allocated to Henan Found’s three funds: Enterprise Reserve Fund; Enterprise Development Fund; and, its Employee’s welfare and bonus fund.
The Company has received its share (77.5%) of dividend payment of RMB¥86,025,000 or USD$11,263,945 and has set a precedent in repatriating its profit earned from a mining operation in China.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is engaged in the acquisition, exploration, and development of silver related mineral properties focusing in the People’s Republic of China (“China”). Currently, the Company’s main mining operations are the Ying Silver-Lead-Zinc mine (“Ying Silver Project”) and the Hou-Ping Gou Silver-Gold-Lead-Zinc mine (“HPG Project”), owned through its 77.5% and 70% Chinese subsidiary companies, respectively.
The Company’s common shares are the components of the S&P/TSX Composite Index, the S&P/TSX Global Gold Index, and S&P/TSX Global Mining Index.
For further information: SILVERCORP METALS INC., Rui Feng, Chairman & CEO, Phone: (604) 669-9397, fax: (604) 669-9387, Email: info@silvercorp.ca, Website: www.silvercorp.ca
Tina Shi
Investor Relations/Office Administration
Silvercorp Metals Inc.
New Pacific Metals Corp.
1378-200 Granville St.
Vancouver, BC Canada
V6C 1S4
Ph: 1.604.669.9397
Fax:1.604.669.9387
ir@silvercorp.ca
www.silvercorp.ca
& danke für 's Einstellen.Haben wir hier etwa einen neuen Mitinvestierten? Falls dem so sein sollte: Herzlich willkommen!
sloop
Habe auch noch eine news von eben:
PRESS RELEASE
Trading Symbol:SVM.TO June 25, 2007
SILVERCORP RECEIVES US$11.264 MILLION DIVIDEND PAYMENT AND FAVORABLE INCOME TAX HOLIDAY RULING FOR ITS YING SILVER PROJECT, CHINA
VANCOUVER, British Columbia – June 25, 2007 – Silvercorp Metals Inc. (the “Company”) announces that it has received a notification from the Chinese tax authorities which confirms that the Company’s 77.5% subsidiary company, Henan Found Mining Co. Ltd. (“Henan Found”), is a qualified Foreign Investment Enterprise that can enjoy a zero income tax rate for its first two years from its first year of recording a profit, and a 15% income tax rate for the 3rd to 5th year.
The Chinese tax authorities have also accepted annual income tax filing by Henan Found that 2006 calendar year is the first year of its profitability. Accordingly, Henan Found’s income tax holiday starts from the 2006 calendar year, instead of 2005 calendar year as the Company has conservatively provided for in its Audited Annual Financial Statement for the fiscal year ended March 31, 2007 (see June 10, 2007 Company Press Release). As a result, the $1,623,286 income tax provision recorded for the Company’s fourth quarter in the Audited Financial Statement for the year ended March 31, 2007 will be adjusted as a credit in the Company’s first quarter financial statement ending June 30, 2007.
As Henan Found’s 2007 calendar year will be the second year of zero income tax and therefore no income tax provision on this operation will be required for the Company’s first to third quarters financial statements of fiscal year ending March 31, 2008.
Based on its 2006 calendar year income tax filings, Henan Found’s net distributable profit is RMB¥131,347,992 after compensating for its 2005 calendar year loss. Henan Found’s Board of Directors has decided to distribute RMB¥111,000,000 as a dividend to its shareholders, representing a payout of 84.5%. The balance of net distributable profit will be allocated to Henan Found’s three funds: Enterprise Reserve Fund; Enterprise Development Fund; and, its Employee’s welfare and bonus fund.
The Company has received its share (77.5%) of dividend payment of RMB¥86,025,000 or USD$11,263,945 and has set a precedent in repatriating its profit earned from a mining operation in China.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is engaged in the acquisition, exploration, and development of silver related mineral properties focusing in the People’s Republic of China (“China”). Currently, the Company’s main mining operations are the Ying Silver-Lead-Zinc mine (“Ying Silver Project”) and the Hou-Ping Gou Silver-Gold-Lead-Zinc mine (“HPG Project”), owned through its 77.5% and 70% Chinese subsidiary companies, respectively.
The Company’s common shares are the components of the S&P/TSX Composite Index, the S&P/TSX Global Gold Index, and S&P/TSX Global Mining Index.
For further information: SILVERCORP METALS INC., Rui Feng, Chairman & CEO, Phone: (604) 669-9397, fax: (604) 669-9387, Email: info@silvercorp.ca, Website: www.silvercorp.ca
Tina Shi
Investor Relations/Office Administration
Silvercorp Metals Inc.
New Pacific Metals Corp.
1378-200 Granville St.
Vancouver, BC Canada
V6C 1S4
Ph: 1.604.669.9397
Fax:1.604.669.9387
ir@silvercorp.ca
www.silvercorp.ca
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