Business Chief APAC+ANZ Magazine February 2021 | Page 193

2003 Year founded
LTM revenue in dollars
Number of employees

2003 Year founded

$ 166m

LTM revenue in dollars

1,200 +

Number of employees

Ying 2020 Technical Reports – Highlights

Effectively replacing reserves since the last report in 2017 , the latest technical report ( carried out by AMC Consultants ) reconfirms a 20-year mine life at Silvercorp ’ s flagship operation and shows :
• 18 % Increase in Measured and Indicated Silver Resources .
• 4 % Increase in Proven and Probable Silver Reserves , on Top of 21 Million Ounces of Silver Produced between June 2016 and December 2019 at the Ying Silver-lead-zinc Mining District .
• In comparison with the 2017 Technical Report , Inferred Resource tonnes have increased by 78 %, and contained metal has increased by 42 % for silver , 38 % for lead , 32 % for zinc and 450 % for gold .
Significant aspects of comparison of Mineral Reserve estimates between June 2016 ( previous Technical Report ) and December 2019 ( Ying 2020 Technical Report ):
• Increase in total Ying Mineral Reserve silver , lead , and zinc grades of 7 %, 2 %, and 11 % respectively .
• Increase in total Ying Mineral Reserve metal content for silver and zinc of 4 % and 8 % respectively ; 1 % decrease in total lead content .
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