Andrew Williams, President and CEO, states: With our balance sheet recently bolstered by a C$35 million financing, New Pacific has a strong growth foundation in a world with an increasing demand for silver."
From June 16 to December 31, 2023, a total of 23,742 m in 180 diamond drill holes, including 157 underground holes and 23 surface holes, were completed at the TLP mine.
The trading activity of January 29, 2024, may be related to the disposition of shares by a Silver ETF, which filed a prospectus indicating that as of January 29th, 2024, they were no longer following the Prime Junior Miners Silver Index.
Silvercorp will now proceed with issuing a notice in accordance with the Australian Corporations Act that the "Stock Exchange Approvals" condition to the Silvercorp Offer has been satisfied.
CEO James McDonald states: "In the M+I category silver only grade increases from 86 gpt to 102 gpt and contained ounces increase from 51.47 Moz to 51.57 Moz."
The Silvercorp Offer provides OreCorp shareholders with the opportunity to be exposed to enhanced trading liquidity, re-rating potential and participation in further upside from the Nyanzaga project and Silvercorp's existing portfolio.
New Pacific CEO Andrew Williams gives an overview of mining in Bolivia, a detailed breakdown of the company's strong financial position, and how it plans to advance the project into 2024.
As silver becomes an increasingly integral component of the green economy, established pure-play producers like Silvercorp could play a more instrumental role in meeting the global industrial demand for silver.
