Silvercorp eyes $500m revenue with two new mines coming on: Mining Weekly

Mining Weekly reported that Silvercorp Metals, a Vancouver-based company with mines in China, as well as a silver project in BC, could see revenues approaching half a billion dollars if silver prices remain at current levels.

Silvercorp currently operates four mines at its Ying camp, in China’s Henan province, where the company produced 1.05-million ounces of silver in the three months ended March 31. It plans to ramp up production from the mine to 1 000 t/d by spring 2012, and to 2 000 t/d a year later.

Silvercorp is also planning to bring two more mines into production, the BYP gold/lead/zinc mine in Hunan province and the GC project in Guandong province, CEO Rui Feng told Mining Weekly in an interview.