SILVERCORP METALS INC
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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 .”
FEBRUARY 2021