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.
Q3 Fiscal 2024 Operational Results include gold production of 1,342 ounces, an increase of 22% over Q3 Fiscal 2023; Silver and gold production of approximately 1.8 million ounces.
CEO Miniotis: "This strategic collaboration will mark a significant milestone for the Project, and greatly enhance the potential for a major copper discovery."
Consider that silver is currently at one of its most undervalued levels in history, especially compared to gold, as the gold-to-silver ratio currently stands at 85.