Silvercorp Metals Inc. (“Silvercorp” or the
“Company”) (TSX: SVM) (NYSE American: SVM) is pleased to
announce that, on April 20, 2019, the Company hosted an Ecological
Media Tour for 26 leading national and provincial journalists at
its Ying Mining District located in Henan Province, China.
This event was organized by the Natural Resources Department
of Henan Province to showcase the Company’s achievements in
environmental, social responsibility and governance at its mines.
The media delegation included journalists from leading
national and provincial media, including People’s Daily, Xinhua
News, CCTV, Guangming Online, Henan Daily, etc. Related
provincial and county leaders accompanied the press tour.
The media delegation visited Silvercorp’s mill
to view the advanced mineral processing technology employed.
Journalists also visited the tailings management facility and
learned about Silvercorp’s comprehensive water and tailings
management, trench, seepage collection, reclaiming and water
recycling system.
Silvercorp highly values ecological and
environmental protection and has remained focused on green and
sustainable development since its inception. Guided by the
conviction that “lucid waters and lush mountains are invaluable
assets”, Silvercorp has been dedicated on fulfilling our
environmental goals and responsibilities.
In order to reduce geological hazards and
protect the environment surrounding the mines, Silvercorp has
invested approximately five million RMB since 2017 to complete
construction of flood drainage projects. The Company strictly
adheres to its “Resource Development and Utilization Plan” and its
“Mine Environment Protection and Restoration Plan”, employing
latest design, construction and management practices to ensure our
mining environment undergoes timely rehabilitation. The
Company has invested more than 10 million RMB in land reclamation
and environmental restoration and treatment projects and the
re-forested areas now total more than 200,000 square metres.
The Company's Yuelianggou lead-zinc-silver mine was named
"The National Green Mine" in 2015. Silvercorp invested 1,500
million RMB in the Yuelianggou “Green Mine” construction project
which included seven slag embankments, five waste dumps, 35,000
square metres of soil and vegetation plantation, five flood
drainage tunnels, and over 5,600 square metres of re-forested
areas.
In addition, Silvercorp completed the 16.5 km
mine water drainage pipe project in 2017, which collects and treats
the mine water and recycles the treated water back to the mill for
production. Domestic sewage is treated by a biological and
artificial wetland treatment system and is reused for landscape
watering. There is no discharge to the reservoir.
Sprays, watering, wet rock drilling, dust
collectors and other measures are taken to dispose of the dust
generated during the mining process. The air quality in the
mining areas meets the Class II standard of the Ambient Air Quality
Standard.
Silvercorp is honoured to have been recognized
for its ecological efforts and achievements by national and
provincial environmental agencies and communities in China.
Promoting ecological progress and sustainability at our mines
is an ongoing priority for our communities and our future. As
environmental concerns have increased worldwide, Silvercorp
maintains a high priority on making ecological progress and
incorporating it into all aspects of our mining operations.
We are committed to building green mines and achieving
lasting and sustainable development in our communities.
About Silvercorp
Silvercorp is a low-cost silver-producing
Canadian mining company with multiple mines in China. The
Company's vision is to deliver shareholder value by focusing on the
acquisition of underdeveloped projects with resource potential and
the ability to grow organically. For more information, please visit
our website at www.silvercorp.ca.
For further information
Silvercorp Metals Inc.Lon Shaver Vice
PresidentPhone: (604) 669-9397Toll Free 1(888) 224-1881Email:
investor@silvercorp.ca Website: www.silvercorp.ca
CAUTIONARY DISCLAIMER - FORWARD-LOOKING
STATEMENTS
Certain of the statements and information in
this news release constitute “forward-looking statements” within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and “forward-looking information” within the
meaning of applicable Canadian provincial securities laws
(collectively, “forward-looking statements”). Any statements or
information that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always,
using words or phrases such as “expects”, “is expected”,
“anticipates”, “believes”, “plans”, “projects”, “estimates”,
“assumes”, “intends”, “strategies”, “targets”, “goals”,
“forecasts”, “objectives”, “budgets”, “schedules”, “potential” or
variations thereof or stating that certain actions, events or
results “may”, “could”, “would”, “might” or “will” be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements. Forward-looking statements are
subject to a variety of known and unknown risks, uncertainties and
other factors that could cause actual events or results to differ
from those reflected in the forward-looking statements.
Forward-looking statements are statements about the future and are
inherently uncertain, and actual achievements of the Company or
other future events or conditions may differ materially from those
reflected in the forward-looking statements due to a variety of
risks, uncertainties and other factors, including, without
limitation, those referred to in the Company’s Annual Information
Form for the year ended March 31, 2018 under the heading “Risk
Factors”. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated, described or intended.
Accordingly, readers should not place undue reliance on
forward-looking statements.
The Company’s forward-looking statements are
based on the assumptions, beliefs, expectations and opinions of
management as of the date of this news release, and other than as
required by applicable securities laws, the Company does not assume
any obligation to update forward-looking statements if
circumstances or management’s assumptions, beliefs, expectations or
opinions should change, or changes in any other events affecting
such statements. For the reasons set forth above, investors should
not place undue reliance on forward-looking statements.
The photos accompanying this announcement are available at:
http://www.globenewswire.com/NewsRoom/AttachmentNg/6518346e-a819-4a9f-9c4c-814367c4a01a
http://www.globenewswire.com/NewsRoom/AttachmentNg/69dc9606-f561-41ff-b307-5023ced53d2d
http://www.globenewswire.com/NewsRoom/AttachmentNg/0944c007-ba48-4e10-81f9-00b4fd7d2080
http://www.globenewswire.com/NewsRoom/AttachmentNg/ec603f53-14a8-4c93-82f9-0dc8edae2373
http://www.globenewswire.com/NewsRoom/AttachmentNg/bb5aa4a6-2b04-44e5-b927-d09d81e752f2
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