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SVM

Silvercorp Metals

$3.68

-0.215 (-5.52%)

16:21
10/15/19
10/15
16:21
10/15/19
16:21

Silvercorp Metals reports results from LMW mine exploration programs

Silvercorp Metals announced results of its exploration programs from April 1, 2018 to June 30 at the LMW mine, Ying Mining District, Henan Province, China. Exploration drilling is ongoing at the LMW mine and all other mines at the Ying Mining District. During this period, Silvercorp continued its extensive exploration programs and completed 21,272 metres of underground diamond drilling and 3,274m of exploration tunneling at the LMW mine. Results of underground drilling continuously extended the major mineralized vein structures along strike and downdip, and exploration tunneling exposed high-grade mineralization zones within major production vein structures. The underground drilling program is being conducted with three underground rigs from the current production levels to delineate the downdip and along-strike extensions of known mineralized vein structures in the production area and test for new veins in the previously less-explored areas. The exploration tunneling, comprising drifting, crosscutting and raising, was driven along and across major mineralized vein structures to upgrade drill defined mineral resources and test for new parallel and splay structures. Exploration tunneling in the 2018-2019 exploration program at LMW has been mainly conducted between elevation levels 550m and 969m. Hole ZKX11111 intersected a 1.34m interval from 135.86m to 137.20m, 0.97m true width, of vein LM17W1 grading 1,211 grams per tonne silver, 11.58% lead and 0.92% zinc at the 634m elevation.

SVM Silvercorp Metals
$3.68

-0.215 (-5.52%)

09/11/19
BMOC
09/11/19
DOWNGRADE
BMOC
Market Perform
Silvercorp Metals downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Ryan Thompson downgraded Silvercorp Metals to Market Perform from Outperform with a price target of C$5.75, up from C$5.50. The analyst, who still views the company as a "high quality, low cost, consistent operator," says the downgrade is merely a valuation call. He thinks Silvercorp's share price run has outpaced its net present value leverage. As such, Thompson views the risk/reward as more balanced at current levels.

TODAY'S FREE FLY STORIES

WPX

WPX Energy

$10.92

-0.24 (-2.15%)

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  • 23

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HLIT

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HZNP

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AMRN

Amarin

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THMO

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AMRN

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QTNT

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ARWR

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OAS

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, SWN

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SWN

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  • 23

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AMRN

Amarin

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1.12 (4.87%)

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LOPE

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  • 23

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RTN

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LYV

Live Nation

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, ZBRA

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WST

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AMRN

Amarin

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  • 28

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IBIO

iBio

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APLT

Applied Therapeutics

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AMRN

Amarin

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  • 28

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BIO

Bio-Rad

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AMRN

Amarin

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  • 28

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FRTA

Forterra

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AMRN

Amarin

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  • 28

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SPY

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CME

CME Group

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  • 12

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