Business
Silvercorp Metals Reports Operational Results and Financial Results Release Date for Second Quarter, Fiscal 2024
VANCOUVER, BC, Oct. 16, 2023 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) reports production and sales figures
About this update from Silvercorp Metals Inc.
[{"type":"text","content":" VANCOUVER, BC, Oct. 16, 2023 /CNW/ - Silvercorp Metals Inc. (\"Silvercorp\" or the \"Company\") (TSX: SVM) (NYSE American: SVM) reports production and sales figures for the second quarter of fiscal year 2024 ended September 30, 2023 (\"Q2 Fiscal 2024\"). The Company expects to release its Q2 Fiscal 2024 unaudited financial results on Thursday, November 9, 2023 after market close. Q2 Fiscal 2024 Operational Results Gold production of 2,458 ounces, an increase of 105% over Q2 Fiscal 2023; Silver equivalent (only silver and gold)1 production of approximately 1.8 million ounces; and Lead and zinc production of approximately 16.1 million pounds and 4.6 million pounds, an 11% and 23% decrease over Q2 Fiscal 2023, respectively. Second Quarter Fiscal 2024 Second Quarter Fiscal 2023 Ying Mining District GC Consolidated Ying Mining District GC Consolidated Production Data Ore Mined (tonnes) 220,636 52,829 273,465 215,927 75,054 290,981 Ore Milled (tonnes) 212,868 48,239 261,107 216,262 75,381 291,643 Head Grades Silver (gram/tonne) 235 66 257 72 Lead (%) 3.5 1.1 3.7 1.2 Zinc (%) 0.7 2.5 0.7 2.7 Recovery Rates Gold（%） 91.1 - - - Silver (%) 95.0 82.7 95.5 81.0 Lead (%) 95.0 90.2 94.1 88.5 Zinc (%) 71.1 89.8 62.5 89.6 Metal production Gold (ounces) 2,458 - 2,458 1,200 - 1,200 Silver ...