SILVERCORP METALS INC .
at Ying in 2003 by Silvercorp making a $ 5m investment to kickstart operations . The mines across the property have remained self-funded ever since through operations that have delivered profits of $ 480m to shareholders . A recently-published technical report , completed by AMC Consultants ( AMC ) in 2020 , highlights a bright future for the mining of silver , gold , lead and zinc at the Ying property . Shaver notes that in addition to the current inventory of reserves of around 12 million tonnes there is also the potential for further incre-ases if additional drilling can convert known resources to reserves , as well as identify more resources .
“ Everything in the report ties back to the resources and then the reserves , because it ’ s upon those reserves that the mine plan was established , and that dictates the projected economic contribution of what the mine is going to be ,” explains Shaver . “ Our last report was based on drilling up to June 2016 , and this report brings that forward to December 2019 . Mines are depleting assets but , despite the production that took place over that timeframe , drilling results brought our inventory at Ying , in terms of reserves , back up to essentially the same level . We had a 20-year mine life that would have been reduced by the depletion that took place , but that life has been restored to 20 years again .”
Quality not Quantity Silvercorp currently operates six mines across three of its four licences in the Ying mining district - SGX , HZG , HPG , LME , LMW , TLP . The Ying Technical Report confirmed that Ying is proving to be a prolific producer . “ Over the years , we ’ ve established the ability
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