{"id":1183188,"date":"2020-05-07T17:24:35","date_gmt":"2020-05-07T22:24:35","guid":{"rendered":"https:\/\/www.mining.com\/?p=1023195"},"modified":"2020-05-07T17:24:35","modified_gmt":"2020-05-07T22:24:35","slug":"silvercorp-annual-production-beats-guidance","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1183188","title":{"rendered":"Silvercorp annual production beats guidance"},"content":{"rendered":"<p>Silvercorp Metals (TSX: SVM) has achieved its fiscal 2020 production guidance for all metals at all operations, the company <a aria-label=\"announced Thursday (opens in a new tab)\" href=\"http:\/\/silvercorpmetals.com\/news_and_media\/news\/silvercorp-reports-production-guidance-achieved--and-the-release-date-for-fiscal-year-2020-financial-results\"  rel=\"noreferrer noopener\">announced Thursday<\/a>.<\/p>\n<div class='ad-slot' id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {    googletag.display('div-gpt-ad-1561499308230-0');    googletag.pubads().addEventListener('slotRenderEnded', function (event) {        if (event.isEmpty) {            var id = event.slot.getSlotElementId();            var x = document.getElementById(id);            if(x == null) return;            if (x.parentElement.classList.contains('ad-slot')) {                x.parentElement.style.display = 'none';            }\t\t\t\t        }    });});<\/script><\/div>\n<p>Despite an extended shutdown of activities at its operations in China due to covid-19, the company was able to <a aria-label=\"ramp up (opens in a new tab)\" href=\"https:\/\/www.mining.com\/silvercorp-ramps-up-mines-in-china\/\"  rel=\"noreferrer noopener\">ramp up<\/a> to full capacity in March in full compliance with government measures.<\/p>\n<p>For the year, the company beat its silver production guidance by 3% with approximately 6.3 million ounces produced. Lead production reached 67.4 million pounds, also 3% above guidance. Zinc production of 25.6 million pounds was 17% above fiscal 2020 guidance.<\/p>\n<p>Additionally, Silvercorp has maintained its fiscal 2021 production guidance of 6.2-6.5 million ounces of silver, 66.1-68.5 million pounds of lead and 24.5-26.7 million pounds of zinc.<\/p>\n<p>Recently, <a aria-label=\"the company announced (opens in a new tab)\" href=\"https:\/\/www.mining.com\/silvercorp-to-buy-guyana-goldfields-in-c105m-deal\/\"  rel=\"noreferrer noopener\">the company announced<\/a> that it would buy fellow Canadian miner Guyana Goldfields (TSX: GUY) in a C$105 million deal, potentially adding two silver mines in China and a gold operation in Guyana to its portfolio.<\/p>\n<p>Shares of Silvercorp Metals closed 4.6% higher on the TSX Thursday. The company has a C$983.2 million market capitalization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Silvercorp Metals closed 4.6% higher on the TSX Thursday.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1183188"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1183188"}],"version-history":[{"count":5,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1183188\/revisions"}],"predecessor-version":[{"id":1183193,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1183188\/revisions\/1183193"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1183188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1183188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1183188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}