SILVERCORP METALS INC .
fourth licence ). When that does come online it may contribute to production growth and flexibility in terms of the overall operating plan .”
It ’ s early days , but Shaver explains there was work done historically on the Ying property ’ s fourth mining licence , which shows the potential of the veins that Silvercorp is looking to develop into new production zones . “ We ’ ve been driving
“ Given the pressures of the pandemic on the global economy , the metals markets should benefit from the fiscal stimulus being put forward . The inflationary pressures we ’ re seeing will be positive for precious metals ”
LON SHAVER VICE PRESIDENT , SILVERCORP a tunnel towards that fourth licence and with recent drilling efforts we ’ ve hit some interesting zones ,” he confirms . “ If it all proves to be positive , the next steps would be to develop additional access and infrastructure to develop another mining operation .”
The Market “ Like every other miner in the metals industry , we are in a commodities market where all the producers are price takers ,” says Shaver . “ The key focus then is how to create and sustain an operation at the low end of the cost curve , so that in good times when prices are high , you make money , but then when prices are low you can survive those tough times , continue to generate positive cash margins and be self-sustaining .”
Shaver sees a strong future for precious and base metals : “ Given the pressures of
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