|Traded as||TSX: SVM NYSE: SVM|
|Industry||Mining & Exploration|
|Founded||October 31, 1991
Spokane Resources Ltd.
|Area served||China, Canada|
|Key people||Rui Feng chair,ceo
Myles Jianguo Gao pres,coo,dir
|Products||Silver Lead Zinc|
|Divisions||Yangtze Mining Co. Ltd
Yangtze Gold Ltd.
Silvercorp Metals Inc. (Silvercorp) is a Canadian based, China focused precious metals company engaged in the acquisition, exploration, and development of silver containing properties.
It is China's largest primary silver producer. The company is publicly traded on the Toronto Stock Exchange in Canada and the NYSE Amex in the U.S. and is a component of the S&P/TSX Composite Index and Global Mining Indexes.
As of 2009, Silvercorp Metals was operating and developing four silver/lead/zinc mines in an area encompassing the Ying silver/lead/zinc project, Hou Ping Gou project, the TLP silver/lead project and the Long Men project (the Ying Mining District), owned through its 77.5% and 70% Chinese subsidiary companies, respectively.
Silvercorp Metals' other material property, the Gaocheng project in Guangdong Province, owned through a 95% Chinese subsidiary company, has not reached commercial production and is in the exploration stage.
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.
The company started out as a minor explorer trading on the TSX venture exchange from November 1991 to October 2005 (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.