Business
Production Update Following the Chinese New Year Holiday
Production Update Following the Chinese New Year Holiday Production Update Followi...
About this update from Silvercorp Metals Inc.
[{"type":"text","content":"\n\n\n\nProduction Update Following the Chinese New Year Holiday\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nProduction Update Following the Chinese New Year Holiday\nCanada NewsWire\nVANCOUVER, March 17, 2016\n\n\n\nTrading Symbol: TSX: SVM\n\n\n\nVANCOUVER, March 17, 2016 /CNW/ - Silvercorp Metals Inc. (\"Silvercorp\" or the \"Company\") (TSX:SVM) is pleased to report that production at the Ying Mining District and the GC mine has gradually resumed to normal levels since the end of February when the long Chinese New Year holiday ended. Subsequently, on March 11, 2016, the power line to the TLP and LM Mines was interrupted as nine power poles were damaged by a blast from a government crew working on widening the access road in the direction of the TLP mine. As a result, production at the TLP and LM Mines stopped, but is expected to resume by March 18, 2016. As a result, it will affect about 4,300 tonnes of ore production from these mines, representing approximately 4% of the total quarterly production projection from the Ying Mining District.\n\nAlex Zhang, P. Geo, VP exploration of the Company, is the Qualified Person on the project as defined under National Instrument 43-101 and he has verified and approved the contents of this news release.\n\nAbout Silvercorp \n\nSilvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China. The Company's vision is to deliver shareholder value by focusing on the acquisition of under developed projects with resource potential and the ability to grow organically. For more information, please visit our website at www.silvercorp.ca.\n\nCAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS\n\nCertain of the statements and information in this press release constitute \"forward-looking statements\" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and \"forward-looking information\" within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectat...