Coming to you from the European Gold Forum in Zurich, I catch up with the Vice President of Silvercorp Metals Inc., Lon Shaver, who gives us an update on the company including their big investments into growth and development.
Silvercorp Metals is a primary silver producer which is looking to grow their silver equivalent production profile to around 8 million ounces in the coming few years. The company has drilled 1-million meters over the prior couple of years to prepare for the upcoming growth phase.
We discuss the potential for M&A with the company now sitting on $210 million in cash alone, along with $122 million in investments, including a large ownership holding in New Pacific Metals.
Listen to learn more about Silvercorp Metals exciting growth and development plans ahead and what makes this silver miner as a potential opportunity in this re-energizing silver market!
To learn more, visit: https://silvercorpmetals.com/
About the author
Founder and President of GoldSeek.com and SilverSeek.com
Twitter: @GoldSeek
His experience with the precious metals markets started back in the mid-1990s, which led to the creation of GoldSeek.com in 1995. Today GoldSeek.com ranks within the top, most-visited gold investor websites in the world with a 250,000+ global monthly reader outreach. Its sister site, SilverSeek.com, is ranked as the most visited silver website in the world recently reaching 100,000+ monthly silver investor readers.
With over 15 years of experience with investing into gold and silver mining companies, Peter devotes much of his time researching, consulting and investing into gold and silver stocks with a primary focus on micro-caps. His focus is also heavily on gold and silver’s return as monetary metals and the ongoing monetary and financial developments with a global perspective.
Back at the start of the new secular precious metals bull market, Peter established the technically+fundamentally-focused subscription newsletter, Gold Seeker Report. In 2005, he merged the service and co-founded The Gold & Silver Forecaster weekly newsletter.
Peter also specializes in assisting start-up / micro-cap ($1M - $100M+ market caps) companies connect with investors, capital among other specialized consulting services - typically IPO, undiscovered or turnaround situations.
In 2008 he launched an online gold and silver auction house - SeekBullion.com - which in its first year has auctioned over $10 million in bullion and coins with an additional $10M in the coming couple years. In 2012 the site is now under re-development pending a future re-launch.
Peter also makes frequent appearances in the media, including Investors Business Daily, MarketWatch, Reuters, and theStreet.com
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