Silvercorp Metals - Jetzt geht\'s hier richtig los! (Seite 469)
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Silvercorp Reports on the Mac Molybdenum Property, BC, Canada and the Ying Molybdenum Property, Henan, China
Monday June 18, 5:37 pm ET
http://biz.yahoo.com/iw/070618/0267805.html
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 18, 2007 -- Silvercorp Metals Inc. (the "Silvercorp") (Toronto:SVM.TO - News) reports on the status of its 100% owned Mac Molybdenum Property, located in British Columbia, Canada and the Ying Molybdenum Project, located in Henan Province, China.
Mac Property
The Mac property covers 500 hectares and is located approximately 43 kilometres (km) southeast of the Bell and Granisle past producing porphyry mines, and the town of Granisle in BC, where development logistics are located. The Mac property is directly accessible by a 35 km forestry road from the paved highway to Granisle. The topography in the area is moderate, with elevations ranging from 900 to 1,500 metres (m). The property is in an area with a long history of mining, free of any issues related to parks, the environment or native.
The Mac prospect was originally discovered in 1982 by Rio Algom Exploration Inc. An extensive surface exploration program was conducted in 1983 and 1984 which resulted in the discovery of the porphyry system and three mineralized zones. In 1989, 12 diamond drill holes (totaling 1,488m) outlined the molybdenum/copper mineralization within the Camp Zone. Silvercorp (then known as Spokane Resources Ltd.) acquired the property in the spring of 1995, and by 1997 had completed a total of 49 drill holes averaging 220m per hole - total 10,818m - and 62 km of geophysics and geochemical survey. Based on a technical report published by Dr. P.E. Fox (P. Eng.) for Silvercorp in 1997, the work outlined a mineralization zone some 700m by 500m consisting of two lobes or contact zones linked by an porphyry body hosting a molybdenite stockwork. The drill results have been in the public domain since 1997 and were filed with the TSX Venture Exchange and related government authorities. The reports predate NI 43-101, however they are believed to be reliable. The significant drill results from the technical report include:
-----------------------------------------------Drill Intercept MoS2 Cuhole Zone (m) (%) (%)-----------------------------------------------89-11 East Contact Zone 50.0 0.225 0.190-----------------------------------------------95-14 East Contact Zone 66.0 0.110 0.094-----------------------------------------------96-27 East Contact Zone 165.8 0.203 0.214 ---------------------------------------- Including 96.0 0.308 0.256-----------------------------------------------95-15 East Contact Zone 196.3 0.125 0.172 ---------------------------------------- Including 79.0 0.217 0.256-----------------------------------------------96-24 East Contact Zone 200.0 0.135 0.221 ---------------------------------------- Including 78.0 0.226 0.378-----------------------------------------------89-3 East Contact Zone 54.0 0.117 0.040-----------------------------------------------89-4 East Contact Zone 128.3 0.143 0.160-----------------------------------------------96-25 East Contact Zone 96.0 0.168 0.130-----------------------------------------------96-25 East Contact Zone 41.9 0.090 0.314-----------------------------------------------89-1 Prophyry 70.5 0.073 0.050-----------------------------------------------89-3 Prophyry 54.0 0.070 0.040-----------------------------------------------89-9 Prophyry 105.2 0.045 ------------------------------------------------89-10 Prophyry 51.0 0.095 0.060-----------------------------------------------96-31 West Contact Zone 18.0 0.106 0.093-----------------------------------------------96-31 West Contact Zone 52.0 0.116 0.111-----------------------------------------------89-2 West Contact Zone 47.6 0.098 0.090-----------------------------------------------96-30 West Contact Zone 117.9 0.130 0.093 ---------------------------------------- Including 80.0 0.190 0.141-----------------------------------------------96-29 West Contact Zone 96.0 0.133 0.072 ---------------------------------------- Including 56.0 0.172 0.074-----------------------------------------------95-16 West Contact Zone 93.0 0.220 0.122 ---------------------------------------- Including 73.0 0.252 0.139-----------------------------------------------96-34 West Contact Zone 90.0 0.118 0.106-----------------------------------------------89-12 West Contact Zone 221.9 0.155 0.120 ---------------------------------------- Including 72.2 0.335 0.210-----------------------------------------------95-17 West Contact Zone 91.7 0.125 0.090 ---------------------------------------- Including 39.0 0.215 0.132-----------------------------------------------89-5 West Contact Zone 12.0 0.175 0.040-----------------------------------------------89-2 West Contact Zone 47.6 0.059 0.090-----------------------------------------------
The preliminary metallurgical study carried out by Lakefields in 1997 indicated a recovery rate of 71% for copper and 78% for molybdenum. Based on a preliminary scoping study report by Fluor Daniels Wright (1998), the potential strip ratio of 1.5:1 is assumed for open pit mining.
As Silvercorp is focused on exploring and developing silver related properties in China, Silvercorp intends to maximize shareholders value by optioning or selling the Mac Molybdenum Property.
Ying Molybdenum Project, Henan, China
On April 12, Silvercorp announced that it had commenced drilling the NPG Molybdenum Project ("Ying Moly Project") located within the Ying Silver Mining Permit area. Legal advice was subsequently received that the Ministry of Land and Resources and the National Development and Reform Commission of China recently issued a policy prohibiting the granting of land usage title to any new development of molybdenum and tungsten mines in China. As a result Silvercorp has decided to stop the program at the Ying Moly Project, so that it can focus its drill rigs and technical staff on silver exploration and development.
Myles Gao, P.Geo, is the Qualified Person on the project.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is an exploration and development stage company, which along with its subsidiary companies and joint ventures (collectively the "Company"), is engaged in the acquisition, exploration, development, and mining of precious and base metal mineral properties in the People's Republic of China. Currently, the Company's main mining operations are in Henan Province at the Ying Silver-Lead-Zinc mine and the Hou-Ping Gou Silver-Gold-Lead-Zinc mine, owned through 77.5% and 70% Chinese subsidiary companies, respectively. The Company is a reporting issuer in British Columbia, Alberta, Ontario, Nova Scotia, New Brunswick, Manitoba, and Saskatchewan and trades on the TSX under the symbol "SVM".
Standard & Poors Canadian Index operations added the Company's common shares to the S&P/TSX Composite Index and the S&P/TSX Global Gold Index (formerly the S&P/TSX Capped Gold Index), effective December 18, 2006. In addition, effective June 12, 2007, Standard & Poor's Canadian index operations added Silvercorp Metals Inc. as a constituent for the new 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
Monday June 18, 5:37 pm ET
http://biz.yahoo.com/iw/070618/0267805.html
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jun 18, 2007 -- Silvercorp Metals Inc. (the "Silvercorp") (Toronto:SVM.TO - News) reports on the status of its 100% owned Mac Molybdenum Property, located in British Columbia, Canada and the Ying Molybdenum Project, located in Henan Province, China.
Mac Property
The Mac property covers 500 hectares and is located approximately 43 kilometres (km) southeast of the Bell and Granisle past producing porphyry mines, and the town of Granisle in BC, where development logistics are located. The Mac property is directly accessible by a 35 km forestry road from the paved highway to Granisle. The topography in the area is moderate, with elevations ranging from 900 to 1,500 metres (m). The property is in an area with a long history of mining, free of any issues related to parks, the environment or native.
The Mac prospect was originally discovered in 1982 by Rio Algom Exploration Inc. An extensive surface exploration program was conducted in 1983 and 1984 which resulted in the discovery of the porphyry system and three mineralized zones. In 1989, 12 diamond drill holes (totaling 1,488m) outlined the molybdenum/copper mineralization within the Camp Zone. Silvercorp (then known as Spokane Resources Ltd.) acquired the property in the spring of 1995, and by 1997 had completed a total of 49 drill holes averaging 220m per hole - total 10,818m - and 62 km of geophysics and geochemical survey. Based on a technical report published by Dr. P.E. Fox (P. Eng.) for Silvercorp in 1997, the work outlined a mineralization zone some 700m by 500m consisting of two lobes or contact zones linked by an porphyry body hosting a molybdenite stockwork. The drill results have been in the public domain since 1997 and were filed with the TSX Venture Exchange and related government authorities. The reports predate NI 43-101, however they are believed to be reliable. The significant drill results from the technical report include:
-----------------------------------------------Drill Intercept MoS2 Cuhole Zone (m) (%) (%)-----------------------------------------------89-11 East Contact Zone 50.0 0.225 0.190-----------------------------------------------95-14 East Contact Zone 66.0 0.110 0.094-----------------------------------------------96-27 East Contact Zone 165.8 0.203 0.214 ---------------------------------------- Including 96.0 0.308 0.256-----------------------------------------------95-15 East Contact Zone 196.3 0.125 0.172 ---------------------------------------- Including 79.0 0.217 0.256-----------------------------------------------96-24 East Contact Zone 200.0 0.135 0.221 ---------------------------------------- Including 78.0 0.226 0.378-----------------------------------------------89-3 East Contact Zone 54.0 0.117 0.040-----------------------------------------------89-4 East Contact Zone 128.3 0.143 0.160-----------------------------------------------96-25 East Contact Zone 96.0 0.168 0.130-----------------------------------------------96-25 East Contact Zone 41.9 0.090 0.314-----------------------------------------------89-1 Prophyry 70.5 0.073 0.050-----------------------------------------------89-3 Prophyry 54.0 0.070 0.040-----------------------------------------------89-9 Prophyry 105.2 0.045 ------------------------------------------------89-10 Prophyry 51.0 0.095 0.060-----------------------------------------------96-31 West Contact Zone 18.0 0.106 0.093-----------------------------------------------96-31 West Contact Zone 52.0 0.116 0.111-----------------------------------------------89-2 West Contact Zone 47.6 0.098 0.090-----------------------------------------------96-30 West Contact Zone 117.9 0.130 0.093 ---------------------------------------- Including 80.0 0.190 0.141-----------------------------------------------96-29 West Contact Zone 96.0 0.133 0.072 ---------------------------------------- Including 56.0 0.172 0.074-----------------------------------------------95-16 West Contact Zone 93.0 0.220 0.122 ---------------------------------------- Including 73.0 0.252 0.139-----------------------------------------------96-34 West Contact Zone 90.0 0.118 0.106-----------------------------------------------89-12 West Contact Zone 221.9 0.155 0.120 ---------------------------------------- Including 72.2 0.335 0.210-----------------------------------------------95-17 West Contact Zone 91.7 0.125 0.090 ---------------------------------------- Including 39.0 0.215 0.132-----------------------------------------------89-5 West Contact Zone 12.0 0.175 0.040-----------------------------------------------89-2 West Contact Zone 47.6 0.059 0.090-----------------------------------------------
The preliminary metallurgical study carried out by Lakefields in 1997 indicated a recovery rate of 71% for copper and 78% for molybdenum. Based on a preliminary scoping study report by Fluor Daniels Wright (1998), the potential strip ratio of 1.5:1 is assumed for open pit mining.
As Silvercorp is focused on exploring and developing silver related properties in China, Silvercorp intends to maximize shareholders value by optioning or selling the Mac Molybdenum Property.
Ying Molybdenum Project, Henan, China
On April 12, Silvercorp announced that it had commenced drilling the NPG Molybdenum Project ("Ying Moly Project") located within the Ying Silver Mining Permit area. Legal advice was subsequently received that the Ministry of Land and Resources and the National Development and Reform Commission of China recently issued a policy prohibiting the granting of land usage title to any new development of molybdenum and tungsten mines in China. As a result Silvercorp has decided to stop the program at the Ying Moly Project, so that it can focus its drill rigs and technical staff on silver exploration and development.
Myles Gao, P.Geo, is the Qualified Person on the project.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is an exploration and development stage company, which along with its subsidiary companies and joint ventures (collectively the "Company"), is engaged in the acquisition, exploration, development, and mining of precious and base metal mineral properties in the People's Republic of China. Currently, the Company's main mining operations are in Henan Province at the Ying Silver-Lead-Zinc mine and the Hou-Ping Gou Silver-Gold-Lead-Zinc mine, owned through 77.5% and 70% Chinese subsidiary companies, respectively. The Company is a reporting issuer in British Columbia, Alberta, Ontario, Nova Scotia, New Brunswick, Manitoba, and Saskatchewan and trades on the TSX under the symbol "SVM".
Standard & Poors Canadian Index operations added the Company's common shares to the S&P/TSX Composite Index and the S&P/TSX Global Gold Index (formerly the S&P/TSX Capped Gold Index), effective December 18, 2006. In addition, effective June 12, 2007, Standard & Poor's Canadian index operations added Silvercorp Metals Inc. as a constituent for the new 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
Antwort auf Beitrag Nr.: 29.829.831 von eifelcash am 11.06.07 20:39:59Hi eifel,
genau so sehe ich das auch.
Nachdem ich mich nun ca. ein ¾ Jahr etwas intensiver mit svm beschäftige und nach überblickmäßiger Durchsicht der aktuellen Berichte, verstärkt sich bei mir zunehmend der Eindruck, dass ich hier auf Sicht der nächsten paar Jahre nach solarworld und tcm meinen dritten ganz persönlichen 10+x-bagger angegraben habe. Natürlich gibt 's (Gott sei Dank) keine 100% in 2 Wochen, wobei hier auch manches dem gegenwärtigen Silberpreis geschuldet ist. Dass der allerdings über kurz oder lang ebenfalls den Arsch hochbekommen wird, ist so sicher wie das Amen in der Kirche. Bis es endgültig so weit ist, kann man sich einfach nur daran freuen, mit welcher Präzision hier bei Silvercorp eine großartige und in jeder Hinsicht perspektivenreiche Arbeit abgeliefert wird. Ich bin mir ziemlich sicher, dass bis zu dem Zeitpunkt, an dem der Preishebel seine volle Wirkung entfalten wird, hier eine company entstanden sein wird, die in der top 10 mitspielt. Wer dann entsprechend die Ernte einfahren will, muss halt auch schon mal einen etwas längeren Atem haben.
Bis dahin freuen wir uns erstmal über die derzeitige kontinuierliche Entwicklung und harren stressfrei auf dem von Dir angesprochenen Sofa der Dinge, die da noch kommen. Und das werden nicht wenige sein.
Im Übrigen ist es ja auch nicht gerade so, dass man bei svm in letzter Zeit trotz stagnierendem Silberpreis schlecht verdient hätte. Hab 's selbst kaum glauben wollen, weil es bei der vermeintlichen "Langsamkeit" der Kursentwicklung sowie der allgemeinen Ruhe und Unaufgeregtheit in diesem Wert gar nicht so auffällt, ja fast untergeht: Tatsache ist aber, dass ich seit meinem Ersteinnstieg innerhalb von 9 Monaten immerhin an die 50% im Plus stehe. Bin mir sicher, dass wir in einigen Jahren hierüber lachen werden.
Wie man demgegenüber Geld in horrenden Größenordnungen an der Börse verbrennen kann -und das auch noch in atemberaubend kurzer Zeit- haben die letzten Tage ja mal wieder in exemplarischer Weise belegt. Solche Leute tun mir zwar aufrichtig leid, aber denen kannst Du echt nicht helfen, da ist Hopfen & Malz verloren.
Womit wir beim Stichwort wären: Ein Bit auf Dich, mich & die erfreuliche Entwicklung!
Ansonsten noch einen schönen Abend und bis die Tage,
sloop
genau so sehe ich das auch.
Nachdem ich mich nun ca. ein ¾ Jahr etwas intensiver mit svm beschäftige und nach überblickmäßiger Durchsicht der aktuellen Berichte, verstärkt sich bei mir zunehmend der Eindruck, dass ich hier auf Sicht der nächsten paar Jahre nach solarworld und tcm meinen dritten ganz persönlichen 10+x-bagger angegraben habe. Natürlich gibt 's (Gott sei Dank) keine 100% in 2 Wochen, wobei hier auch manches dem gegenwärtigen Silberpreis geschuldet ist. Dass der allerdings über kurz oder lang ebenfalls den Arsch hochbekommen wird, ist so sicher wie das Amen in der Kirche. Bis es endgültig so weit ist, kann man sich einfach nur daran freuen, mit welcher Präzision hier bei Silvercorp eine großartige und in jeder Hinsicht perspektivenreiche Arbeit abgeliefert wird. Ich bin mir ziemlich sicher, dass bis zu dem Zeitpunkt, an dem der Preishebel seine volle Wirkung entfalten wird, hier eine company entstanden sein wird, die in der top 10 mitspielt. Wer dann entsprechend die Ernte einfahren will, muss halt auch schon mal einen etwas längeren Atem haben.
Bis dahin freuen wir uns erstmal über die derzeitige kontinuierliche Entwicklung und harren stressfrei auf dem von Dir angesprochenen Sofa der Dinge, die da noch kommen. Und das werden nicht wenige sein.
Im Übrigen ist es ja auch nicht gerade so, dass man bei svm in letzter Zeit trotz stagnierendem Silberpreis schlecht verdient hätte. Hab 's selbst kaum glauben wollen, weil es bei der vermeintlichen "Langsamkeit" der Kursentwicklung sowie der allgemeinen Ruhe und Unaufgeregtheit in diesem Wert gar nicht so auffällt, ja fast untergeht: Tatsache ist aber, dass ich seit meinem Ersteinnstieg innerhalb von 9 Monaten immerhin an die 50% im Plus stehe. Bin mir sicher, dass wir in einigen Jahren hierüber lachen werden.
Wie man demgegenüber Geld in horrenden Größenordnungen an der Börse verbrennen kann -und das auch noch in atemberaubend kurzer Zeit- haben die letzten Tage ja mal wieder in exemplarischer Weise belegt. Solche Leute tun mir zwar aufrichtig leid, aber denen kannst Du echt nicht helfen, da ist Hopfen & Malz verloren.
Womit wir beim Stichwort wären: Ein Bit auf Dich, mich & die erfreuliche Entwicklung!
Ansonsten noch einen schönen Abend und bis die Tage,
sloop
Antwort auf Beitrag Nr.: 29.824.822 von sloopjohn am 11.06.07 17:00:45Hi sloopjohn,
ich bin bisher total zufrieden mit diesem Invest.
Mich wundert es das es hier so ruhig ist.
Da laufen die Leute dem schnellen Geld hinterher, und hier sitzt du auf dem Sofa und schaust zu wie ein tolles Management dein Geld in aller Seelenruhe verdient.
Einfach klasse. Vielleicht gibts ja noch ein paar die selber denken, und wir kriegen noch ein paar Gleichgesinnte. Wenn nicht, auch egal, ich geniese das hier.
Gruß, und beste Zahlen,
eifelcash
ich bin bisher total zufrieden mit diesem Invest.
Mich wundert es das es hier so ruhig ist.
Da laufen die Leute dem schnellen Geld hinterher, und hier sitzt du auf dem Sofa und schaust zu wie ein tolles Management dein Geld in aller Seelenruhe verdient.
Einfach klasse. Vielleicht gibts ja noch ein paar die selber denken, und wir kriegen noch ein paar Gleichgesinnte. Wenn nicht, auch egal, ich geniese das hier.
Gruß, und beste Zahlen,
eifelcash
Antwort auf Beitrag Nr.: 29.824.111 von sloopjohn am 11.06.07 16:38:20btw S&P Index:
Wir befinden uns in durchaus illustrer Gesellschaft!
TORONTO, June 8 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following constituents for the new S&P/TSX Global Mining Index.
These additions are pursuant to the index methodology. The creation of the index will be effective at the open on Tuesday, June 12, 2007.
S&P/TSX Global Mining Index
ADDS
--------------------------------
Issue Name Symbol Exchange
------------ -------- ----------
Aber Diamond Corporation ABZ TSX
Agnico-Eagle Mines AEM TSX
Alamos Gold Inc. AGI TSX
Alcan Inc. AL TSX
Alcoa Inc AA NYSE
Alpha Natural Resources ANR NYSE
Alumina Ltd. (ADS) AWC NYSE
Aluminum Corp. of China Ltd. (ADS) ACH NYSE
AMCOL International Corp ACO NYSE
Anatolia Minerals Development Limited ANO TSX
Anglo American PLC (ADS) AAUK NASDAQ
AngloGold Ashanti Ltd. (ADS) AU NYSE
Anvil Mining Limited AVM TSX
Arch Coal ACI NYSE
Aur Resources Inc. AUR TSX
Aurizon Mines Ltd. J ARZ TSX
Aurora Energy Resources Inc AXU TSX
Barrick Gold Corporation ABX TSX
BHP Billiton Ltd. (ADS) BHP NYSE
BHP Billiton PLC (ADS) BBL NYSE
Breakwater Resources Ltd. BWR TSX
Brush Engineered Materials Inc BW NYSE
Cameco Corporation CCO TSX
Centerra Gold Inc. CG TSX
Century Aluminum Co CENX NASDAQ
Coalcorp Mining Inc CCJ TSX
Coeur d'Alene Mines Corp CDE NYSE
Compania de Minas Buenaventura S.A. (ADS) BVN NYSE
Compass Minerals Intl CMP NYSE
Consol Energy Inc CNX NYSE
Crystallex International Corp. KRY TSX
CVRD RIO NYSE
Denison Mines Corp. DML TSX
DRDGold Ltd. (ADS) DROOY NASDAQ
Dynatec Corporation DY TSX
Eastern Platinum Limited ELR TSX
Eldorado Gold Corporation ELD TSX
Equinox Minerals Limited EQN TSX
First Quantum Minerals Ltd. FM TSX
FNX Mining Company Inc. FNX TSX
Fording Canadian Coal Trust FDG.UN TSX
Foundation Coal Holdings FCL NYSE
Freeport McMoRan Copper & Gold FCX NYSE
Fronteer Development Group Inc. FRG TSX
Frontera Copper Corporation FCC TSX
Gabriel Resources Limited GBU TSX
Gammon Lake Resources Inc. GAM TSX
Gold Eagle Mines Ltd. GEA TSX
Gold Fields Ltd. (ADS) GFI NYSE
Gold Reserve Inc. GRZ TSX
Goldcorp Inc. G TSX
Golden Star Resources Ltd. GSC TSX
Great Basin Gold Inc. GBG TSX
Guyana Goldfields Inc GUY TSX
Harmony Gold Mining Co. Ltd. (ADS) HMY NYSE
Hecla Mining Co HL NYSE
High River Gold Mines Ltd. J HRG TSX
HudBay Minerals Inc. HBM TSX
Iamgold Corporation IMG TSX
Inmet Mining Corporation IMN TSX
International Coal Group Inc ICO NYSE
International Royalty Corporation IRC TSX
Ivanhoe Mines Limited IVN TSX
Jaguar Mining Inc JAG TSX
Kinross Gold Corporation K TSX
Kirkland Lake Gold Inc KGI TSX
Lihir Gold Ltd. (ADS) LIHR NASDAQ
Lionore Mining International Ltd. LIM TSX
Lundin Mining Corporation LUN TSX
Major Drilling Group International Inc. MDI TSX
Massey Energy Co MEE NYSE
Mechel AOA (ADS) MTL NYSE
Mercator Minerals Ltd. ML TSX
Meridian Gold Inc. MNG TSX
Metallica Resources Inc. MR TSX
Minefinders Corporation Ltd MFL TSX
Miramar Mining Corporation MAE TSX
Newmont Mining Corp NEM NYSE
Northern Orion Resources Inc. NNO TSX
Northgate Minerals Corporation NGX TSX
NovaGold Resources Inc. NG TSX
Pan American Silver Corp. PAA TSX
Peabody Energy Corp BTU NYSE
Quadra Mining Ltd QUA TSX
Randgold Resources Ltd. (ADS) GOLD NASDAQ
Red Back Mining Inc RBI TSX
Rio Narcea Gold Mines Ltd RNG TSX
Rio Tinto PLC (ADS) RTP NYSE
Royal Gold Inc RGLD NASDAQ
RTI International Metals Inc RTI NYSE
Sherritt International Corporation S TSX
Shore Gold Inc. SGF TSX
Silver Standard Resources Inc. SSO TSX
Silver Wheaton Corp. SLW TSX
Silvercorp Metals Inc. SVM TSX
Skye Resources Inc. SKR TSX
Stillwater Mining Co SWC NYSE
sxr Uranium One Inc. SXR TSX
Teck Cominco Ltd. TCK.B TSX
Tenke Mining Corp. TNK TSX
Thompson Creek Metals Company Inc. TCM TSX
Titanium Metals Corp TIE NYSE
UEX Corporation UEX TSX
UR-Energy Inc. URE TSX
USEC Inc USU NYSE
Yamana Gold Inc. YRI TSX
Yanzhou Coal Mining Co. Ltd. (ADS) YZC NYSE
Wir befinden uns in durchaus illustrer Gesellschaft!
TORONTO, June 8 /CNW/ - Standard & Poor's Canadian Index Operations
announces the following constituents for the new S&P/TSX Global Mining Index.
These additions are pursuant to the index methodology. The creation of the index will be effective at the open on Tuesday, June 12, 2007.
S&P/TSX Global Mining Index
ADDS
--------------------------------
Issue Name Symbol Exchange
------------ -------- ----------
Aber Diamond Corporation ABZ TSX
Agnico-Eagle Mines AEM TSX
Alamos Gold Inc. AGI TSX
Alcan Inc. AL TSX
Alcoa Inc AA NYSE
Alpha Natural Resources ANR NYSE
Alumina Ltd. (ADS) AWC NYSE
Aluminum Corp. of China Ltd. (ADS) ACH NYSE
AMCOL International Corp ACO NYSE
Anatolia Minerals Development Limited ANO TSX
Anglo American PLC (ADS) AAUK NASDAQ
AngloGold Ashanti Ltd. (ADS) AU NYSE
Anvil Mining Limited AVM TSX
Arch Coal ACI NYSE
Aur Resources Inc. AUR TSX
Aurizon Mines Ltd. J ARZ TSX
Aurora Energy Resources Inc AXU TSX
Barrick Gold Corporation ABX TSX
BHP Billiton Ltd. (ADS) BHP NYSE
BHP Billiton PLC (ADS) BBL NYSE
Breakwater Resources Ltd. BWR TSX
Brush Engineered Materials Inc BW NYSE
Cameco Corporation CCO TSX
Centerra Gold Inc. CG TSX
Century Aluminum Co CENX NASDAQ
Coalcorp Mining Inc CCJ TSX
Coeur d'Alene Mines Corp CDE NYSE
Compania de Minas Buenaventura S.A. (ADS) BVN NYSE
Compass Minerals Intl CMP NYSE
Consol Energy Inc CNX NYSE
Crystallex International Corp. KRY TSX
CVRD RIO NYSE
Denison Mines Corp. DML TSX
DRDGold Ltd. (ADS) DROOY NASDAQ
Dynatec Corporation DY TSX
Eastern Platinum Limited ELR TSX
Eldorado Gold Corporation ELD TSX
Equinox Minerals Limited EQN TSX
First Quantum Minerals Ltd. FM TSX
FNX Mining Company Inc. FNX TSX
Fording Canadian Coal Trust FDG.UN TSX
Foundation Coal Holdings FCL NYSE
Freeport McMoRan Copper & Gold FCX NYSE
Fronteer Development Group Inc. FRG TSX
Frontera Copper Corporation FCC TSX
Gabriel Resources Limited GBU TSX
Gammon Lake Resources Inc. GAM TSX
Gold Eagle Mines Ltd. GEA TSX
Gold Fields Ltd. (ADS) GFI NYSE
Gold Reserve Inc. GRZ TSX
Goldcorp Inc. G TSX
Golden Star Resources Ltd. GSC TSX
Great Basin Gold Inc. GBG TSX
Guyana Goldfields Inc GUY TSX
Harmony Gold Mining Co. Ltd. (ADS) HMY NYSE
Hecla Mining Co HL NYSE
High River Gold Mines Ltd. J HRG TSX
HudBay Minerals Inc. HBM TSX
Iamgold Corporation IMG TSX
Inmet Mining Corporation IMN TSX
International Coal Group Inc ICO NYSE
International Royalty Corporation IRC TSX
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Antwort auf Beitrag Nr.: 29.814.142 von eifelcash am 11.06.07 08:09:17
Grüß Dich eifel,
da warst Du ja wieder mal schnell wie die Feuerwehr. Jetzt können hier wohl endgültig Nägel mit Köpfen gemacht werden!
Und für diejenigen, die es noch etwas ausführlicher wollen, hier noch mehr Lesestoff:
CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED MARCH 31, 2007 AND 2006 unter folgendem link:
http://silvercorp.ca/financial/sedar/AnnualReport.pdf
sowie "Management’s Discussion and Analysis of Financial Condition and Results of Operations For the year ended March 31, 2007" unter:
http://silvercorp.ca/pdf/MDA.pdf
Was mir neben allem anderen in der Meldung auch noch besonders gefällt ist folgendes:
"Standard & Poors Canadian Index operations have added the Company’s common shares to the S&P/TSX Composite Index and the S&P/TSX Global Gold Index (formerly the S&P/TSX Capped Gold Index), effective December 18, 2006. In addition, effective June 12, 2007, Standard & Poor's Canadian index operations will add Silvercorp Metals Inc. as a constituent for the new S&P/TSX Global Mining Index."
Was die Index-Aufnahme betrifft (S&P/TSX Global Mining Index) geht 's hier ja auch schön weiter Hand in Hand mit TCM....
Allen viel Spass beim Lesen & Grüße an den harten Kern,
sloop
Grüß Dich eifel,
da warst Du ja wieder mal schnell wie die Feuerwehr. Jetzt können hier wohl endgültig Nägel mit Köpfen gemacht werden!
Und für diejenigen, die es noch etwas ausführlicher wollen, hier noch mehr Lesestoff:
CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED MARCH 31, 2007 AND 2006 unter folgendem link:
http://silvercorp.ca/financial/sedar/AnnualReport.pdf
sowie "Management’s Discussion and Analysis of Financial Condition and Results of Operations For the year ended March 31, 2007" unter:
http://silvercorp.ca/pdf/MDA.pdf
Was mir neben allem anderen in der Meldung auch noch besonders gefällt ist folgendes:
"Standard & Poors Canadian Index operations have added the Company’s common shares to the S&P/TSX Composite Index and the S&P/TSX Global Gold Index (formerly the S&P/TSX Capped Gold Index), effective December 18, 2006. In addition, effective June 12, 2007, Standard & Poor's Canadian index operations will add Silvercorp Metals Inc. as a constituent for the new S&P/TSX Global Mining Index."
Was die Index-Aufnahme betrifft (S&P/TSX Global Mining Index) geht 's hier ja auch schön weiter Hand in Hand mit TCM....
Allen viel Spass beim Lesen & Grüße an den harten Kern,
sloop
Antwort auf Beitrag Nr.: 29.566.255 von sloopjohn am 01.06.07 00:29:11Hi sloopjohn, here we are, here we go...
Jun 10, 2007 19:17 ET
Silvercorp Reports Record EPS of $0.52 for the Year Ended March 31, 2007
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2007) - Silvercorp Metals Inc. (the "Company") (TSX:SVM) is pleased to announce record 2007 audited consolidated annual net income of $25,108,808, $0.52 and $0.50 basic and fully diluted earnings per share, respectively, and operating cash flows of $34,217,804. For the fourth quarter ended March 31, 2007 the Company recorded net earnings of $8,050,571, $0.17 and $0.16 basic and fully diluted earnings per share, respectively, and operating cash flows of $13,670,600. All figures expressed in Canadian dollars, other than share and mining data.
Based on China's Foreign Investment Enterprise ("FIE") income tax incentive policy, a qualified FIE will enjoy zero income tax rate for the first two years, from the time it records a profit, and a 15% income tax rate for the 3rd to 5th year. The Company has taken a conservative approach in applying the FIE income tax incentive policy towards the Ying operating company ("Henan Found") by starting the income tax holiday from the 2005 calendar year for Henan Found. Accordingly, the Company applied a 15% income tax rate on Henan Found's first quarter financial results of 2007 (January 1 to March 31, 2007) or the Company's fourth quarter ended March 31, 2007. As a result, a $1,623,286 income tax provision was recorded for the quarter. The Company's net income for the quarter therefore was reduced by $1,623,286 or $0.03 basic and fully diluted earnings per share.
The 2005 calendar year was a year of loss for Henan Found and it has applied with local Chinese tax authorities to start the tax holiday from calendar year 2006, pending receipt of the favorable income tax certificate from the authorities to approve Henan Found's application, the Company will subsequently adjust the income tax provision.
2007 HIGHLIGHTS (12 Months) - Audited
During the year ended March 31, 2007, the Company realized net income (loss) of $25,108,808 (2006 - ($6,259,255)) resulting in earnings (loss) per share of $0.52 (2006 - ($0.15)) and $0.50 (2006 - ($0.15)) on weighted average number of shares outstanding of 47,971,231 (2006 - 42,416,005) and 49,891,352 (2006 - 42,416,005), basic and fully diluted, respectively. The net income increase of $31,368,063, as compared to the prior year, is primarily attributed to the sale of direct shipping ore and metal concentrates from the Ying Project since April 1, 2006.
During the year ended March 31, 2007, the Company turned around a loss of $6,259,255 in 2006 to achieve net income of $25,108,808, which is mainly attributable to the Company' staged start-up and ramp-up of its Ying Project mining operations resulting in earnings from mine operations of $35,124,844 (2006 - $nil).
During the year ended March 31, 2007, the Company recorded total sales of $45,290,340 (2006 - $nil) comprised of the following:
- 1,935,031 ounces of silver sold for $20,493,069 at an average selling price of $10.59 per ounce;
- 249 ounces of gold sold for $78,384 at an average selling price of $315.40 per ounce;
- 26,262,191 pounds of lead sold for $16,019,484 at an average selling price of $0.61 per pound; and,
- 7,135,930 pounds of zinc sold for $8,694,166 at an average selling price of $1.22 per pound.
All prices are net of value added tax and smelter charges.
The total cost of sales, including milling costs, for the year ended March 31, 2007 amounted to $10,165,496 (2006 - $nil), and is comprised of $8,810,829 for the cash cost of production and $1,354,667 for the depreciation charges. The average silver production cost adjusted for by-product credit was ($7.56) per ounce.
For the year ended March 31, 2007, 169,830 tonnes of ores were extracted, from which 6,843 tonnes of direct shipping ores were hand sorted for direct shipment to smelter, and 162,987 tonnes of ores were shipped to local custom mills for treatment to recover silver-lead and zinc concentrates. The custom mills have achieved high recovery rates: 90.18% for silver, 94.38% for lead, and 75.31% for zinc. The total production cost for silver adjusted for lead and zinc credits is negative $7.56 per ounce.
For the year ended March 31, 2007, average production costs were $2.38 per ounce for silver, $70.79 per ounce for gold, $0.14 per pound for lead, and $0.27 per pound for zinc, respectively.
The Company generated gross revenue of $45,290,340 (2006 - $nil) for the year ended March 31, 2007, through the sale of the direct shipping ore, gold, silver-lead and zinc concentrates. This resulted in earnings from mine operations of $35,124,844 (2006 - $nil) and a gross margin of 77.55%, for the year ended March 31, 2007.
FOURTH QUARTER HIGHLIGHTS (3 Months)
During the fourth quarter ended March 31, 2007, the Company realized net income of $8,050,571 (Q4-2006 - ($1,556,317)) resulting in earnings per share of $0.17 (Q4-2006 - ($0.04)) on weighted average number of basic shares outstanding of 48,606,665 (Q4-2006 - 42,416,005) or $0.16 per share on fully diluted shares outstanding of 50,257,368 (Q4-2006 - 42,416,005). The net income increase of $9,606,888, as compared to the prior year, is primarily attributed to the sale of direct shipping ore and metal concentrates from the Ying Project since April 1, 2006.
During the fourth quarter ended March 31, 2007, net income increased six fold to $8,050,571,as compared to the same period of 2006, and is mainly attributable to the Company's staged start-up and ramp-up of its Ying Project mining operations resulting in earnings from mine operations of $11,405,935.
During the fourth quarter ended March 31, 2007, the Company recorded total sales of $15,517,529 (Q4-2006 - $nil) comprised of the following:
- 592,554 ounces of silver sold for $6,749,843 at an average selling price of $11.39 per ounce;
- 73 ounces of gold sold for $24,050 at an average selling price of $331.60 per ounce;
- 8,371,480 pounds of lead sold for $5,846,242 at an average selling price of $0.70 per pound; and,
- 2,328,418 pounds of zinc sold for $2,892,157 at an average selling price of $1.24 per pound.
All prices are net of value added tax and smelter charges.
The total cost of sales, including milling costs, for the fourth quarter ended March 31, 2007 amounted to $4,111,594 (Q4-2006 - $nil), and is comprised of $3,346,847 for the cash cost of production and $764,747 for the depreciation charges. The average silver production cost adjusted for by-product credit was ($7.76) per ounce.
For the fourth quarter ended March 31, 2007, 45,065 tonnes of ores were extracted, from which 2,018 tonnes of direct shipping ores were hand sorted for direct shipment to smelter, and 43,047 tonnes of ores were shipped to local custom mills for treatment to recover silver-lead and zinc concentrates. The custom mills have achieved high recovery rates: 89.95% for silver, 94.31% for lead, and 76.70% for zinc. The total production cost for silver adjusted for lead and zinc credits is negative $7.76 per ounce.
During the fourth quarter ended March 31, 2007, average production costs were $3.15 per ounce for silver, $91.48 per ounce for gold, $0.19 per pound for lead, and $0.34 per pound for zinc, respectively.
The Company generated gross revenue of $15,517,529 (Q4-2006 - $nil) for the fourth quarter ended March 31, 2007 through the sale of the direct shipping ore, gold-silver-lead and zinc concentrates. This resulted in an earnings from mine operations of $11,405,935 (Q4-2006 - $nil) and a gross margin of 73.50%, for the quarter ended March 31, 2007.
OUTLOOK
As the custom built 300 tonne loading capacity barge and the new 750 tonnes per day mill are operating smoothly at the Ying Mine, the Company anticipates ore production and milling put-through to be stable for the 2008 fiscal year; therefore, the Company's revenue and net profit should increase substantially in comparison to 2007 fiscal year from this operation.
For the HPG Project, after several months of preparation, mining and milling operations have also been resumed since May 1, 2007. The mining capacity at HPG has achieved approximately 200 tonnes per day, while the mill is operating at a capacity of about 250 tonnes per day to produce Au-Ag-Pb and zinc (Zn) concentrates. Sales of direct shipping Au-Ag-Pb ores and recovered concentrates since May 1, 2007 indicate a positive cash flow being achieved. The Company anticipates that the HPG operation shall add to the 2008 fiscal year's revenue and net profit.
The Company's Audited Consolidated Financial Statements and Management's Discussion and Analysis are available for review on our website at www.silvercorp.ca and through SEDAR at www.sedar.com.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is an exploration and development stage company, which along with its subsidiary companies and joint ventures (collectively the "Company"), is engaged in the acquisition, exploration, development, and mining of precious and base metal mineral properties in the People's Republic of China ("China"). Currently, the Company's main mining operations are the Ying Silver-Lead-Zinc mine ("Ying Project" or "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 a reporting issuer in British Columbia, Alberta, Ontario, Nova Scotia, New Brunswick, Manitoba, and Saskatchewan and trades on the TSX under the symbol "SVM".
Standard & Poors Canadian Index operations have added the Company's common shares to the S&P/TSX Composite Index and the S&P/TSX Global Gold Index (formerly the S&P/TSX Capped Gold Index), effective December 18, 2006. In addition, effective June 12, 2007, Standard & Poor's Canadian index operations will add Silvercorp Metals Inc. as a constituent for the new 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.
For more information, please contact
Silvercorp Metals Inc.
Rui Feng
Chairman & CEO
(604) 669-9397
(604) 669-9387 (FAX)
Email: info@silvercorp.ca
Website: www.silvercorp.ca
Jun 10, 2007 19:17 ET
Silvercorp Reports Record EPS of $0.52 for the Year Ended March 31, 2007
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2007) - Silvercorp Metals Inc. (the "Company") (TSX:SVM) is pleased to announce record 2007 audited consolidated annual net income of $25,108,808, $0.52 and $0.50 basic and fully diluted earnings per share, respectively, and operating cash flows of $34,217,804. For the fourth quarter ended March 31, 2007 the Company recorded net earnings of $8,050,571, $0.17 and $0.16 basic and fully diluted earnings per share, respectively, and operating cash flows of $13,670,600. All figures expressed in Canadian dollars, other than share and mining data.
Based on China's Foreign Investment Enterprise ("FIE") income tax incentive policy, a qualified FIE will enjoy zero income tax rate for the first two years, from the time it records a profit, and a 15% income tax rate for the 3rd to 5th year. The Company has taken a conservative approach in applying the FIE income tax incentive policy towards the Ying operating company ("Henan Found") by starting the income tax holiday from the 2005 calendar year for Henan Found. Accordingly, the Company applied a 15% income tax rate on Henan Found's first quarter financial results of 2007 (January 1 to March 31, 2007) or the Company's fourth quarter ended March 31, 2007. As a result, a $1,623,286 income tax provision was recorded for the quarter. The Company's net income for the quarter therefore was reduced by $1,623,286 or $0.03 basic and fully diluted earnings per share.
The 2005 calendar year was a year of loss for Henan Found and it has applied with local Chinese tax authorities to start the tax holiday from calendar year 2006, pending receipt of the favorable income tax certificate from the authorities to approve Henan Found's application, the Company will subsequently adjust the income tax provision.
2007 HIGHLIGHTS (12 Months) - Audited
During the year ended March 31, 2007, the Company realized net income (loss) of $25,108,808 (2006 - ($6,259,255)) resulting in earnings (loss) per share of $0.52 (2006 - ($0.15)) and $0.50 (2006 - ($0.15)) on weighted average number of shares outstanding of 47,971,231 (2006 - 42,416,005) and 49,891,352 (2006 - 42,416,005), basic and fully diluted, respectively. The net income increase of $31,368,063, as compared to the prior year, is primarily attributed to the sale of direct shipping ore and metal concentrates from the Ying Project since April 1, 2006.
During the year ended March 31, 2007, the Company turned around a loss of $6,259,255 in 2006 to achieve net income of $25,108,808, which is mainly attributable to the Company' staged start-up and ramp-up of its Ying Project mining operations resulting in earnings from mine operations of $35,124,844 (2006 - $nil).
During the year ended March 31, 2007, the Company recorded total sales of $45,290,340 (2006 - $nil) comprised of the following:
- 1,935,031 ounces of silver sold for $20,493,069 at an average selling price of $10.59 per ounce;
- 249 ounces of gold sold for $78,384 at an average selling price of $315.40 per ounce;
- 26,262,191 pounds of lead sold for $16,019,484 at an average selling price of $0.61 per pound; and,
- 7,135,930 pounds of zinc sold for $8,694,166 at an average selling price of $1.22 per pound.
All prices are net of value added tax and smelter charges.
The total cost of sales, including milling costs, for the year ended March 31, 2007 amounted to $10,165,496 (2006 - $nil), and is comprised of $8,810,829 for the cash cost of production and $1,354,667 for the depreciation charges. The average silver production cost adjusted for by-product credit was ($7.56) per ounce.
For the year ended March 31, 2007, 169,830 tonnes of ores were extracted, from which 6,843 tonnes of direct shipping ores were hand sorted for direct shipment to smelter, and 162,987 tonnes of ores were shipped to local custom mills for treatment to recover silver-lead and zinc concentrates. The custom mills have achieved high recovery rates: 90.18% for silver, 94.38% for lead, and 75.31% for zinc. The total production cost for silver adjusted for lead and zinc credits is negative $7.56 per ounce.
For the year ended March 31, 2007, average production costs were $2.38 per ounce for silver, $70.79 per ounce for gold, $0.14 per pound for lead, and $0.27 per pound for zinc, respectively.
The Company generated gross revenue of $45,290,340 (2006 - $nil) for the year ended March 31, 2007, through the sale of the direct shipping ore, gold, silver-lead and zinc concentrates. This resulted in earnings from mine operations of $35,124,844 (2006 - $nil) and a gross margin of 77.55%, for the year ended March 31, 2007.
FOURTH QUARTER HIGHLIGHTS (3 Months)
During the fourth quarter ended March 31, 2007, the Company realized net income of $8,050,571 (Q4-2006 - ($1,556,317)) resulting in earnings per share of $0.17 (Q4-2006 - ($0.04)) on weighted average number of basic shares outstanding of 48,606,665 (Q4-2006 - 42,416,005) or $0.16 per share on fully diluted shares outstanding of 50,257,368 (Q4-2006 - 42,416,005). The net income increase of $9,606,888, as compared to the prior year, is primarily attributed to the sale of direct shipping ore and metal concentrates from the Ying Project since April 1, 2006.
During the fourth quarter ended March 31, 2007, net income increased six fold to $8,050,571,as compared to the same period of 2006, and is mainly attributable to the Company's staged start-up and ramp-up of its Ying Project mining operations resulting in earnings from mine operations of $11,405,935.
During the fourth quarter ended March 31, 2007, the Company recorded total sales of $15,517,529 (Q4-2006 - $nil) comprised of the following:
- 592,554 ounces of silver sold for $6,749,843 at an average selling price of $11.39 per ounce;
- 73 ounces of gold sold for $24,050 at an average selling price of $331.60 per ounce;
- 8,371,480 pounds of lead sold for $5,846,242 at an average selling price of $0.70 per pound; and,
- 2,328,418 pounds of zinc sold for $2,892,157 at an average selling price of $1.24 per pound.
All prices are net of value added tax and smelter charges.
The total cost of sales, including milling costs, for the fourth quarter ended March 31, 2007 amounted to $4,111,594 (Q4-2006 - $nil), and is comprised of $3,346,847 for the cash cost of production and $764,747 for the depreciation charges. The average silver production cost adjusted for by-product credit was ($7.76) per ounce.
For the fourth quarter ended March 31, 2007, 45,065 tonnes of ores were extracted, from which 2,018 tonnes of direct shipping ores were hand sorted for direct shipment to smelter, and 43,047 tonnes of ores were shipped to local custom mills for treatment to recover silver-lead and zinc concentrates. The custom mills have achieved high recovery rates: 89.95% for silver, 94.31% for lead, and 76.70% for zinc. The total production cost for silver adjusted for lead and zinc credits is negative $7.76 per ounce.
During the fourth quarter ended March 31, 2007, average production costs were $3.15 per ounce for silver, $91.48 per ounce for gold, $0.19 per pound for lead, and $0.34 per pound for zinc, respectively.
The Company generated gross revenue of $15,517,529 (Q4-2006 - $nil) for the fourth quarter ended March 31, 2007 through the sale of the direct shipping ore, gold-silver-lead and zinc concentrates. This resulted in an earnings from mine operations of $11,405,935 (Q4-2006 - $nil) and a gross margin of 73.50%, for the quarter ended March 31, 2007.
OUTLOOK
As the custom built 300 tonne loading capacity barge and the new 750 tonnes per day mill are operating smoothly at the Ying Mine, the Company anticipates ore production and milling put-through to be stable for the 2008 fiscal year; therefore, the Company's revenue and net profit should increase substantially in comparison to 2007 fiscal year from this operation.
For the HPG Project, after several months of preparation, mining and milling operations have also been resumed since May 1, 2007. The mining capacity at HPG has achieved approximately 200 tonnes per day, while the mill is operating at a capacity of about 250 tonnes per day to produce Au-Ag-Pb and zinc (Zn) concentrates. Sales of direct shipping Au-Ag-Pb ores and recovered concentrates since May 1, 2007 indicate a positive cash flow being achieved. The Company anticipates that the HPG operation shall add to the 2008 fiscal year's revenue and net profit.
The Company's Audited Consolidated Financial Statements and Management's Discussion and Analysis are available for review on our website at www.silvercorp.ca and through SEDAR at www.sedar.com.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is an exploration and development stage company, which along with its subsidiary companies and joint ventures (collectively the "Company"), is engaged in the acquisition, exploration, development, and mining of precious and base metal mineral properties in the People's Republic of China ("China"). Currently, the Company's main mining operations are the Ying Silver-Lead-Zinc mine ("Ying Project" or "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 a reporting issuer in British Columbia, Alberta, Ontario, Nova Scotia, New Brunswick, Manitoba, and Saskatchewan and trades on the TSX under the symbol "SVM".
Standard & Poors Canadian Index operations have added the Company's common shares to the S&P/TSX Composite Index and the S&P/TSX Global Gold Index (formerly the S&P/TSX Capped Gold Index), effective December 18, 2006. In addition, effective June 12, 2007, Standard & Poor's Canadian index operations will add Silvercorp Metals Inc. as a constituent for the new 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.
For more information, please contact
Silvercorp Metals Inc.
Rui Feng
Chairman & CEO
(604) 669-9397
(604) 669-9387 (FAX)
Email: info@silvercorp.ca
Website: www.silvercorp.ca
Antwort auf Beitrag Nr.: 29.562.058 von eifelcash am 31.05.07 19:13:11Genau,und deshalb weiter im Text:
PRESS RELEASE
Trading Symbol: SVM.TO May 31, 2007
Further Ten Percent Interest Acquired And High Grade Gold-Silver-Lead Veins Discovered at the HPG Gold-Silver-Lead Project, Henan, China
VANCOUVER, BRITISH COLUMBIA – May 31, 2007 - Silvercorp Metals Inc. ("Silvercorp") is pleased to provide an update on business development and exploration results for the HPG Gold (Au)-Silver (Ag)-Lead (Pb) Property. Exploration and mining at the HPG Property is being carried out through Silvercorp’s 60% subsidiary, Henan Huawei Mining Co. Ltd. (“Huawei”), a Sino-foreign joint venture company which holds the HPG Property and operates under a 30-year business license.
Business and Operation Update
Silvercorp has recently signed an agreement to purchase an additional 20% interest of the Huawei from its JV partner, HT Mining Co. Ltd (“HT Mining”), in which 10% interest will be held in trust for a shareholder of HT Mining. Total consideration for the 20% interest is $1.98 million with Silvercorp’s share of $990,000 paid in full. While government approval is expected to be received shortly, Silvercorp is now entitled to 70% interest of Huawei.
Since Silvercorp took over the HPG operations in early January 2007, an extensive exploration program budgeted at about $3 million for 2007 has been implemented. The program includes 15,000 metres (m) of tunneling, sinking two 200 m shafts, and 13,500 m of surface and underground drilling.
After several months of preparation, mining and milling operations have also been resumed at the HPG Property since May 1, 2007. The mining capacity at HPG has achieved approximately 200 tonnes per day, while the mill is operating at a capacity of about 250 tonnes per day to produce Au-Ag-Pb and zinc (Zn) concentrates. Sales of direct shipping Au-Ag-Pb ores and recovered concentrates since May 1st indicates a positive cash flow that will be more than enough to cover all the cost of mine expansion and the exploration program for the remainder of fiscal year 2007 at current mining and milling rates.
Exploration Update
Exploration activities have been focused on the most easily accessible veins such as H15 and H17, while other veins such as H5, H12, H13, H15-1, H20, H29, and H32 will also be explored through tunneling. Exploration and mine development in the HPG project area are conducted through 10 main access tunnels, PD2, PD3, PD630, PD638, PD698, PD720, HPD29, HPD30, HPD640, and HPD850. However, the majority of exploration and development work is being undertaken in PD3, in which four declines were developed from 600m to 340m elevations.
As of May 25th, 2007, a total of 2,445 meters (m) of exploration tunnels and a total of 4 surface drill holes totaling 750 m using 3 drill rigs have been completed. Based on this work, several new ore shoots were discovered and defined. The assay results from the tunnels are listed in the table below with drill holes results pending. Significant results from the tunnels are as follows:
1.00m true width grading 1.15 grams per tonne (g/t) Au, 120 g/t Ag, 13.80% Pb from a tunnel at 420m elevation on the H15 Vein;
tunneling intercepted 0.40m true width massive galena in H15-1 Vein grading 5.03 g/t Au, 766 g/t Ag, and 17.23% Pb at 735m elevation;
2.50m true width massive galena containing 1.03 g/t Au, 415 g/t Ag and 50.89% Pb on H17 Vein at 360m elevation and a 4.4 m true width grading < st1:chmetcnv w:st="on" UnitName="g" SourceValue="3.37" HasSpace="True" Negative="False" NumberType="1" TCSC="0">3.37 g/t Au, 176 g/t Ag, 7.86% Pb, and 1.49% Zn; and,
0.25m true width grading 125 g/t Ag, 26.19% Pb, and 1.28% Zn in the 688m elevation tunnel on the H32 vein.
H5 Vein
The vein was mapped out on surface about 480m in length, extends northeasterly and dips steeply to northwest. The width of the vein ranges from 0.25 to 1.70 m. A total of 171 m tunneling was completed on the H5 vein from 460m elevation through main access tunnel PD3.
H15-1 Vein
The vein features Au, Ag, and Pb mineralization. It extends northeasterly for over 340m in length and dips to northwest at approximately 70 degrees. Exploration work includes 129 m drift along the vein at 720m elevation in PD720 and 17.4 m drift along the vein at 630m elevation through PD630.
H15 Vein
A total of 427 m of tunneling were completed on the vein through main access tunnel PD3, PD630, and PD698. In PD3, 113 m of drift along the vein at 420m elevation expose significant Au, Ag, Pb and Zn mineralization for a true width being as wide as 1.40 m. The rest of tunneling were cross-cuts ap proaching the vein from 630m and 698m elevations.
H17 Vein
The focus of exploration work during the period was tunneling on the H17 vein. A total of 422 m were completed and majority of work was done through PD3 at 460m, 380m, and 340m elevations. Significant Au-Ag-Pb-Zn mineralization, including massive galena sheets, was exposed. At 380m elevation, a 4.4 m wide (true width) high grade pocket was intersected, containing 3.37 g/t Au, 176 g/t Ag, 7.86% Pb, and 1.49% Zn. At 720m level, 32 m of drifting exposed Au-Ag mineralization, averaging 6.02 g/t Au and 84.3 g/t Ag over 1.10 m true width.
H32 Vein
On the surface, the vein was mapped out for 240 m. The vein strikes north-south and dips to east at 60 to 70 degree of dipping angle. A total of 204 m of tunneling was done on the vein. At 688m elevation, 110 m of drift was developed along the vein through PD688. Through PD638, a 62 m raise was driven along the vein to the 688m level, and significant mineralization was intersected. Assay results from the raise samples are pending.
Calculations reflect gross metal content and have not been adjusted for metallurgical recoveries.
Re-Appointment of Myles Gao as President
Effective July 16, 2007, upon completion of her current employment contract with Silvercorp, Ms. Cathy Fong will cease to be the President of Silvercorp. Mr. Myles Gao will resume the position as President of Silvercorp, which he previously held from March 2003 to August 2006. Silvercorp would like to thank Ms. Fong for her efforts and hard work over the past two years for Silvercorp, and wishes her well in her future endeavours.
Myles Gao is a Director of Silvercorp, General Manager of the Ying Silver Mines, and Executive Director of Huawei. Mr. Gao, a professional geologist, has worked in the mineral resource industry since 1983, is a member of the Association of Professional Geoscientists of Ontario and a member of the Association of Professional Engineers and Geoscientists of British Columbia.
Quality Control
Rock samples were collected by channel sampling the face of the undercut drifts. The channels were usually cut 10 cm in width and 5 cm in depth producing a sample weighing approximately 2 kg to 10 kg for each 0.10 to 1.00 m interval depending on the thickness of mi neralization. Drill cores are NQ size and drill core samples were taken from sawn half core limited by apparent massive galena sheet contact or shear/alteration contact.
The Company has implemented a quality control program to ensure best practice in sampling and analysis of the tunnel samples. The samples are shipped directly in security sealed bags to two labs: Analytical Lab of No. 6 Team of Henan Non-Ferrous Metals Geological and Mineral Resources Bureau in Luoyang located 125km by road northeast of the HPG Project Area and the Langfang Institute of Geochemical and Geophysical Exploration (Certification ISO 9001), a well-regarded analytical laboratory in Langfang, Hebei Province near Beijing.
The sample preparation consists of drying, crushing, and splitting of the sample to 150 grams, then the sample is pulverized to 200 mesh. Au, Ag, Pb and Zn were analyzed by a 3 hour hot aqua regia digestion on 30 gram samples with an AA finish.
Myles Gao, P.Geo, is the Qualified Person on the project under NI 43-101.
SILVERCORP METALS INC.
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
PRESS RELEASE
Trading Symbol: SVM.TO May 31, 2007
Further Ten Percent Interest Acquired And High Grade Gold-Silver-Lead Veins Discovered at the HPG Gold-Silver-Lead Project, Henan, China
VANCOUVER, BRITISH COLUMBIA – May 31, 2007 - Silvercorp Metals Inc. ("Silvercorp") is pleased to provide an update on business development and exploration results for the HPG Gold (Au)-Silver (Ag)-Lead (Pb) Property. Exploration and mining at the HPG Property is being carried out through Silvercorp’s 60% subsidiary, Henan Huawei Mining Co. Ltd. (“Huawei”), a Sino-foreign joint venture company which holds the HPG Property and operates under a 30-year business license.
Business and Operation Update
Silvercorp has recently signed an agreement to purchase an additional 20% interest of the Huawei from its JV partner, HT Mining Co. Ltd (“HT Mining”), in which 10% interest will be held in trust for a shareholder of HT Mining. Total consideration for the 20% interest is $1.98 million with Silvercorp’s share of $990,000 paid in full. While government approval is expected to be received shortly, Silvercorp is now entitled to 70% interest of Huawei.
Since Silvercorp took over the HPG operations in early January 2007, an extensive exploration program budgeted at about $3 million for 2007 has been implemented. The program includes 15,000 metres (m) of tunneling, sinking two 200 m shafts, and 13,500 m of surface and underground drilling.
After several months of preparation, mining and milling operations have also been resumed at the HPG Property since May 1, 2007. The mining capacity at HPG has achieved approximately 200 tonnes per day, while the mill is operating at a capacity of about 250 tonnes per day to produce Au-Ag-Pb and zinc (Zn) concentrates. Sales of direct shipping Au-Ag-Pb ores and recovered concentrates since May 1st indicates a positive cash flow that will be more than enough to cover all the cost of mine expansion and the exploration program for the remainder of fiscal year 2007 at current mining and milling rates.
Exploration Update
Exploration activities have been focused on the most easily accessible veins such as H15 and H17, while other veins such as H5, H12, H13, H15-1, H20, H29, and H32 will also be explored through tunneling. Exploration and mine development in the HPG project area are conducted through 10 main access tunnels, PD2, PD3, PD630, PD638, PD698, PD720, HPD29, HPD30, HPD640, and HPD850. However, the majority of exploration and development work is being undertaken in PD3, in which four declines were developed from 600m to 340m elevations.
As of May 25th, 2007, a total of 2,445 meters (m) of exploration tunnels and a total of 4 surface drill holes totaling 750 m using 3 drill rigs have been completed. Based on this work, several new ore shoots were discovered and defined. The assay results from the tunnels are listed in the table below with drill holes results pending. Significant results from the tunnels are as follows:
1.00m true width grading 1.15 grams per tonne (g/t) Au, 120 g/t Ag, 13.80% Pb from a tunnel at 420m elevation on the H15 Vein;
tunneling intercepted 0.40m true width massive galena in H15-1 Vein grading 5.03 g/t Au, 766 g/t Ag, and 17.23% Pb at 735m elevation;
2.50m true width massive galena containing 1.03 g/t Au, 415 g/t Ag and 50.89% Pb on H17 Vein at 360m elevation and a 4.4 m true width grading < st1:chmetcnv w:st="on" UnitName="g" SourceValue="3.37" HasSpace="True" Negative="False" NumberType="1" TCSC="0">3.37 g/t Au, 176 g/t Ag, 7.86% Pb, and 1.49% Zn; and,
0.25m true width grading 125 g/t Ag, 26.19% Pb, and 1.28% Zn in the 688m elevation tunnel on the H32 vein.
H5 Vein
The vein was mapped out on surface about 480m in length, extends northeasterly and dips steeply to northwest. The width of the vein ranges from 0.25 to 1.70 m. A total of 171 m tunneling was completed on the H5 vein from 460m elevation through main access tunnel PD3.
H15-1 Vein
The vein features Au, Ag, and Pb mineralization. It extends northeasterly for over 340m in length and dips to northwest at approximately 70 degrees. Exploration work includes 129 m drift along the vein at 720m elevation in PD720 and 17.4 m drift along the vein at 630m elevation through PD630.
H15 Vein
A total of 427 m of tunneling were completed on the vein through main access tunnel PD3, PD630, and PD698. In PD3, 113 m of drift along the vein at 420m elevation expose significant Au, Ag, Pb and Zn mineralization for a true width being as wide as 1.40 m. The rest of tunneling were cross-cuts ap proaching the vein from 630m and 698m elevations.
H17 Vein
The focus of exploration work during the period was tunneling on the H17 vein. A total of 422 m were completed and majority of work was done through PD3 at 460m, 380m, and 340m elevations. Significant Au-Ag-Pb-Zn mineralization, including massive galena sheets, was exposed. At 380m elevation, a 4.4 m wide (true width) high grade pocket was intersected, containing 3.37 g/t Au, 176 g/t Ag, 7.86% Pb, and 1.49% Zn. At 720m level, 32 m of drifting exposed Au-Ag mineralization, averaging 6.02 g/t Au and 84.3 g/t Ag over 1.10 m true width.
H32 Vein
On the surface, the vein was mapped out for 240 m. The vein strikes north-south and dips to east at 60 to 70 degree of dipping angle. A total of 204 m of tunneling was done on the vein. At 688m elevation, 110 m of drift was developed along the vein through PD688. Through PD638, a 62 m raise was driven along the vein to the 688m level, and significant mineralization was intersected. Assay results from the raise samples are pending.
Calculations reflect gross metal content and have not been adjusted for metallurgical recoveries.
Re-Appointment of Myles Gao as President
Effective July 16, 2007, upon completion of her current employment contract with Silvercorp, Ms. Cathy Fong will cease to be the President of Silvercorp. Mr. Myles Gao will resume the position as President of Silvercorp, which he previously held from March 2003 to August 2006. Silvercorp would like to thank Ms. Fong for her efforts and hard work over the past two years for Silvercorp, and wishes her well in her future endeavours.
Myles Gao is a Director of Silvercorp, General Manager of the Ying Silver Mines, and Executive Director of Huawei. Mr. Gao, a professional geologist, has worked in the mineral resource industry since 1983, is a member of the Association of Professional Geoscientists of Ontario and a member of the Association of Professional Engineers and Geoscientists of British Columbia.
Quality Control
Rock samples were collected by channel sampling the face of the undercut drifts. The channels were usually cut 10 cm in width and 5 cm in depth producing a sample weighing approximately 2 kg to 10 kg for each 0.10 to 1.00 m interval depending on the thickness of mi neralization. Drill cores are NQ size and drill core samples were taken from sawn half core limited by apparent massive galena sheet contact or shear/alteration contact.
The Company has implemented a quality control program to ensure best practice in sampling and analysis of the tunnel samples. The samples are shipped directly in security sealed bags to two labs: Analytical Lab of No. 6 Team of Henan Non-Ferrous Metals Geological and Mineral Resources Bureau in Luoyang located 125km by road northeast of the HPG Project Area and the Langfang Institute of Geochemical and Geophysical Exploration (Certification ISO 9001), a well-regarded analytical laboratory in Langfang, Hebei Province near Beijing.
The sample preparation consists of drying, crushing, and splitting of the sample to 150 grams, then the sample is pulverized to 200 mesh. Au, Ag, Pb and Zn were analyzed by a 3 hour hot aqua regia digestion on 30 gram samples with an AA finish.
Myles Gao, P.Geo, is the Qualified Person on the project under NI 43-101.
SILVERCORP METALS INC.
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
Antwort auf Beitrag Nr.: 29.538.113 von dosto am 30.05.07 12:37:20No trouble, no doubt,
altbekannte Namen.
Alles o.k.
Gruß,
eifelcash
altbekannte Namen.
Alles o.k.
Gruß,
eifelcash
Trouble, Trouble, Trouble,
und siehe da, alte bekannte Namen.
Leute trotzdem : 17,50 ist technisch ne wichtige Marke,
in vielerlei Hinsicht.
take care.
und siehe da, alte bekannte Namen.
Leute trotzdem : 17,50 ist technisch ne wichtige Marke,
in vielerlei Hinsicht.
take care.
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