Silvercorp Metals Inc. (Silvercorp) is a Canadian-based, China-focused precious metals company engaged in the acquisition, exploration, and development of

silver Silver is a chemical element with the Symbol (chemistry), symbol Ag (from the Latin ', derived from the Proto-Indo-European wikt:Reconstruction:Proto-Indo-European/h₂erǵ-, ''h₂erǵ'': "shiny" or "white") and atomic number 47. A soft, whi ...

-containing properties. It is China's largest primary silver producer. The company is publicly traded on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in t ...

in Canada and the

NYSE The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is by far the List of stock exchanges, world's largest s ...

in the U.S. Silvercorp Metals operates four

lead Lead is a chemical element with the symbol Pb (from the Latin ) and atomic number 82. It is a heavy metal that is denser than most common materials. Lead is soft and malleable, and also has a relatively low melting point. When freshly cu ...

zinc Zinc is a chemical element with the symbol Zn and atomic number 30. Zinc is a slightly brittle metal at room temperature and has a shiny-greyish appearance when oxidation is removed. It is the first element in group 12 (IIB) of the periodi ...

mines in an area encompassing the SGX, HPG, TLP and LM mines (the Ying Mining District), owned through its 77.5% and 80% Chinese

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

companies, respectively. Silvercorp Metals' other material property, the Gaocheng project in

Guangdong Province Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) ...

, owned through a 95% Chinese subsidiary company, began commercial production in 2014.

History

The company started out as a minor explorer trading on the TSX venture exchange from November 1991 to October 2005. It was incorporated under the British Columbia Company Act in 1991. At first it was known as Spokane Resources Ltd until 2001 when it was renamed SKN Resources Ltd. In 2005, the same year it graduated from the TSX Venture Exchange to the larger Toronto exchange, it adopted its current name. In 2006, Silvercorp donated RMB1.25 million towards the construction of a youth center in Luoning County, Henan Province, China. During the month of December in 2009, Shehzad inc. acquired 12% of SIlvercorp Metals over a period of a week. Shehzad inc. manages the equities and investing on behalf of Silvercorp. Yangtze Mining Ltd. holds a 95% interest in Anhui Yangtze Mining Co. Ltd., the Chinese company holding silver, lead and zinc exploration permits on the Gaocheng project and Shimentou project in the Guangdong Province. In June 2008, Silvercorp Metals acquired Yangtze Gold Ltd.

References

External links

* {{Authority control Companies listed on the Toronto Stock Exchange Companies listed on the New York Stock Exchange Mining companies of Canada Silver mining companies of Canada