TSX: SVM
NYSE American: SVM
VANCOUVER, BC, Sept. 30, 2021 /PRNewswire/ - Silvercorp Metals
Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American:
SVM) is pleased to report on innovative water treatment
initiatives undertaken at the Company's mines. Silvercorp strives
to create "Green Mines" and pursue sustainable development
initiatives throughout the mining lifecycle by integrating
efficient technology and innovative systems into mine planning and
ESG management practices, including in the area of water usage, a
key topic for the mining industry. Silvercorp
recycles and integrates treated water from its mines for use
in its processing plants, dust suppression, landscaping,
agriculture, and irrigation, to meet its goal of reducing
freshwater consumption.
Upgraded Water Treatment Plant – SGX
Mine at the Ying Mining District
Prior to the SGX Water Treatment Plant upgrade, wastewater
from the SGX and HPG mines was treated with a series of
precipitation ponds and manual clean up. The treated water
was then transported via a 16.5 km long pipeline to the Company's
central processing mill to be used in ore
processing.
In November 2020, Silvercorp
worked with Henan
University of Science and Technology (HAUST) to
implement an innovative technology to treat water from
underground mines, with an investment of approximately US$0.5 million. The water treatment plant
was completed in May 2021 – please
see Figure 1 below. The new plant is operated through an automated
control system, including a reagent mixing tank, thickening tank,
precipitated materials dewatering device, and other more efficient
facilities (see Figures 2 & 3) for solid waste material
collection and handling. The water after treatment
surpasses the standard limits as required by the Chinese
national environmental law on prevention and control of water
pollution, protecting surface water quality and human health, and
maintaining a sound ecosystem under the Environmental Quality
Standards for Surface Water (GB3838-2002).
The treated water pumped though the 16.5 km pipeline is not only
used for ore processing in the mill, it can now also be used for
irrigation via a newly constructed pipeline system for local
farmers. The dewatered solid wastes are shipped to the mill
to recover useful metals, further showing Silvercorp's firm
commitment to sustainable development practices and the reduction
of waste generation.
About Silvercorp
Silvercorp is a profitable Canadian mining company producing
silver, lead and zinc metals in concentrates from mines in
China. The Company's goal is to
continuously create healthy returns to shareholders through
efficient management, organic growth and the acquisition of
profitable projects. Silvercorp balances profitability, social and
environmental relationships, employees' wellbeing, and sustainable
development. For more information, please visit our website at
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 relate to, among other
things: the price of silver and other metals; the accuracy of
mineral resource and mineral reserve estimates at the Company's
material properties; the sufficiency of the Company's capital to
finance the Company's operations; estimates of the Company's
revenues and capital expenditures; estimated production from the
Company's mines in the Ying Mining District and the GC Mine; timing
of receipt of permits and regulatory approvals; availability of
funds from production to finance the Company's operations; and
access to and availability of funding for future construction, use
of proceeds from any financing and development of the Company's
properties.
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, including, without limitation, risks
relating to: social and economic impacts of COVID-19; fluctuating
commodity prices; calculation of resources, reserves and
mineralization and precious and base metal recovery;
interpretations and assumptions of mineral resource and mineral
reserve estimates; exploration and development programs;
feasibility and engineering reports; permits and
licences; title to properties; property interests; joint
venture partners; acquisition of commercially mineable mineral
rights; financing; recent market events and conditions; economic
factors affecting the Company; timing, estimated amount, capital
and operating expenditures and economic returns of future
production; integration of future acquisitions into the Company's
existing operations; competition; operations and political
conditions; regulatory environment in China and Canada; environmental risks; foreign exchange
rate fluctuations; insurance; risks and hazards of mining
operations; key personnel; conflicts of interest; dependence on
management; internal control over financial reporting; and bringing
actions and enforcing judgments under U.S. securities laws.
This list is not exhaustive of the factors that may affect
any of the Company's 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, 2021 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.
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SOURCE Silvercorp Metals Inc