President & CEO McDonald states: "The widths and grades we are seeing at D Vein are extremely encouraging and support our belief in the potential of defining a significantly sized silver resource."
Upon completion of the Transaction ("Closing"), Outcrop has 249,429,636 Outcrop Shares, 95,845,689 Outcrop Warrants, 24,437,500 Outcrop Options and 75,000 Outcrop DSUs issued and outstanding.
Dr. Feng commented: "...we eagerly anticipate continuing Nyanzaga's project execution in close partnership with the Government of Tanzania to ensure a successful development that benefits all stakeholders."
The President and CEO, McDonald, joins GoldSeek TV to discuss what makes the company leveraged to the silver price (214.2M ounces AgEq M+I + 54.9 Million AgEq Inferred).
Silvercorp announced that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on November 24, 2023.
It is anticipated that the Common Shares will begin trading on the TSX Venture Exchange on a post-Consolidation basis at market open on the Effective Date: Tuesday, November 14, 2023.
Silvercorp sold approximately 2,515 ounces of gold, 1.6 million ounces of silver, plus lead and zinc, for revenue of $54 million. A conference call to discuss these results will be held today at 12:00 pm EDT.
The silver price is suppressed by the fraudulent trading practices of some commercial banks. There are no expectations for regulatory action to end the COMEX silver manipulation.