Silvercorp Metals and JV partner Salazar Resources said the Provincial Court of Bolivar, in the province of Ecuador where the El Domo project is located, dismissed an appeal against the project’s environmental license. This affirms the rights of its Ecuadorian subsidiary, Curimining, to continue construction of the copper-gold project. Additionally, the Canadian-based miner announced the repayment of US$13.25 million previously…
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Silvercorp Metals has signed a non-binding term sheet to acquire Celsius Resources for A$56 million. Celsius’ advanced-stage Maalinao-Caigutan-Biyog copper-gold project in the Philippines will move Silvercorp into being a diversified precious-base metals producer. Full story.
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Canada-based Silvercorp Metals has provided an update on the construction plan and progress of its new flotation mill and tailings storage facility at the Ying Mining District in Henan Province, China. Read full article from The Asia Miner.
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