RockBreaks – Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) Expects Temporary Production Slowdown Following China Safety Measures
This article has been disseminated on behalf of Silvercorp Metals and may include paid advertising. Silvercorp Metals (TSX: SVM) (NYSE American: SVM) announced a temporary slowdown at its Ying and GC mining operations as it implements new nationwide mine safety requirements introduced by Chinese regulators following a fatal coal mine accident in May. The company expects production to be reduced by 10% to 15% during the current quarter and by 40% to 50% at the Ying Mining District and about 50% at the GC mine during the July-September quarter while required upgrades are completed and approved. Silvercorp said it has…