Silvercorp Announces Senior Management and Director Changes
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 18, 2013) - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) announced changes to its senior management and board of directors. To focus on his role as Chairman of the Board of Directors, providing the Company with leadership and strategic guidance, Dr. Rui Feng is relinquishing the Chief Executive Officer role. The Board of Directors has appointed Myles Gao, Silvercorp's President, as the new Chief Executive Officer. Mr. Gao, P.Geo., first joined Silvercorp as President in 2003 and has also held the position of Chief Operating Officer.
The Company is also pleased to announce the appointment of Malcolm Swallow, P.Eng., to its board of directors. Among his many achievements, from 2008 to 2012 he was a Director and VP Development at Inter-Citic Minerals, a company that developed and sold the Dachang gold project in China to a major Chinese mining company. Mr. Swallow, age 62, is a mining engineer, who brings with him forty years of operating and project management experience, including the evaluation, development, construction, and operation of numerous underground and open pit mines involving precious and base metals.
With his mine engineering background, the appointment of Mr. Swallow brings missing expertise to the Company's Board. Mr. Swallow's appointment maintains the number of directors on the board at seven, as Dr. Robert Gayton, 73, has tendered his resignation in order to lighten his workload and move towards semi - retirement. The Board of Directors has accepted Dr. Gayton's resignation, thanks him for his contributions, and wishes him continued success.
About Silvercorp
Silvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China which has paid a cash dividend since 2007. The Company is currently developing the GC project in southern China which it expects will become its next operating mine. The Company's vision is to deliver shareholder value by focusing on the acquisition of under developed projects with resource potential and the ability to grow organically. For more information, please visit our website at www.silvercorp.ca.
FOR FURTHER INFORMATION PLEASE CONTACT:
Silvercorp Metals Inc.
Lorne Waldman
Senior Vice President
(604) 669-9397 or Toll Free 1(888) 224-1881
investor@silvercorp.ca
www.silvercorp.ca
Source: Silvercorp Metals Inc.
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Silvercorp Metals Inc.
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PRODUCER |
CODE : SVM.TO |
ISIN : CA82835P1036 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Silvercorp Metals is a silver producing company based in Canada. Silvercorp Metals produces silver, gold, lead and zinc in China, develops gold, lead, silver and zinc in China, and holds various exploration projects in Canada. Its main assets in production are YING MINE, BYP, HPG MINE, TLP MINE and XBG in China, its main assets in development are LM MINE, GAOCHENG (GC) and SHIMENTOU (SMT) in China and its main exploration properties are NA BAO and GC in China and SILVERTIP in Canada. Silvercorp Metals is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 758.7 millions as of today (US$ 555.2 millions, € 518.9 millions). Its stock quote reached its lowest recent point on December 21, 2001 at CA$ 0.02, and its highest recent level on October 02, 2020 at CA$ 9.97. Silvercorp Metals has 167 850 000 shares outstanding. |