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New news,
Had to dig this one out.
https://seekingalpha.com/news/3901864-whitehorse-gold-to-launch-up-to-3m-private-placement
SVM expected to participate.
Boing X 2
Added 4k shares just now. Averaged my cost down. Re-investing dividends.
Andrew McGuire on his am. video indicate he thinks silver will be 27 to 30 and ounce by year end. I think he well might be right.
SVM has high grades in their deposits and should see a big bump if he is right.
Their Mexico operation also has high grades and is ready to produce.
As always do your own DD.
Boing X 2
Video posted 30 minutes ago...
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Interesting interview. Sponsored by NEWP and SVM.
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
Very informative interview. Bullish SVM.
" rel="nofollow" target="_blank">https://www.youtube.com/watch?v=
SVM is looking good. Any silver bugs out there?
Correction,
Mining lead and zinc not iron.
Boing X 2
Picked up shares Friday for my individual account. Already had shares in my miners ETF.
SVM showing very high grams per ton count in their China and Mexico mines recently.
Most miners find 1 or 2 to 20 grams per ton.
Their drill results are finding 3,200, 1,300 and 800 Grams per ton.
They are already mining millions of tons of lead and iron in China.
Looks like a lot of potential going forward IMHO.
Boing X 2
JP MORGAN is doing a job on all the silver market by dumping huge amounts of paper derivatives on the market to cover their naked short which is illegal.
Where is the SEC ???
$ZAC.V Miner guru Bryan Slusarchuks Zacatecas Silver will be a hot topic for silver in 2021. He has a great array of succesful mining projects under his belt and will continue to thrive.
"He and an elite team of mine-builders picked up a Papua New Guinea gold mine from Barrick Gold, the world’s number one producer, for an initial deposit of $2 million as Barrick refocused on essential assets. The Kaintantu project Slusarchuk acquired had already been developed and seen $300 million of historical investment prior to the deal. "
https://equity.guru/2021/03/01/zacatecas-silver-zac-v-a-tight-new-silver-stock-from-a-miner-with-a-hot-hand/
5 Best Gold and Silver Stocks to Buy Right Now
$SVM - SilverCorp Metals
News: $SVM Silvercorp Drilling Intercepts 1.9 Metres Grading 15 Grams Per Tonne Gold at the New DCG Mine, Ying Mining District, China
VANCOUVER, British Columbia, July 20, 2020 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. ("Silvercorp" or the “Company”) is pleased to report that its first underground drill hole at the DCG Mine in the Ying Mining District, Henan Province, China intercepted a 1.90 metre ( ...
Read the whole news SVM - Silvercorp Drilling Intercepts 1.9 Metres Grading 15 Grams Per Tonne Gold at the New DCG Mine, Ying Mining District, China
wondering if ya seen SVM lately what ya think continues up the path 6,7,8.9.10.next ??? D/N/K/....
Ottawa to scrutinize Chinese acquisition of gold miner as Huawei case reaches crucial stage
Author of the article:
Gabriel Friedman
https://vancouversun.com/commodities/ottawa-to-scrutinize-chinese-acquisition-of-gold-miner-as-huawei-case-reaches-crucial-stage/wcm/909b7f42-8397-4c21-93ae-4b4f9b1e757f/
Chinese to scrutinize Canadian gold & silver miners etc.
Ex...
SILVERCORP METALS INC. its producing mines and exploration and development projects in China @ High Risk to be
nationalized by China,
Imo!
Reaction after Huawei CFO Meng Wanzhou loses key court fight, must remain in Canada | LIVE
665 watching now•Started streaming 48 minutes ago
Huawei executive Meng Wanzhou loses key court fight, will remain in Canada to fight extradition
1,136 views•May 27, 2020
Ottawa to scrutinize Chinese acquisition of gold miner as Huawei case reaches crucial stage
Author of the article:
Gabriel Friedman
https://vancouversun.com/commodities/ottawa-to-scrutinize-chinese-acquisition-of-gold-miner-as-huawei-case-reaches-crucial-stage/wcm/909b7f42-8397-4c21-93ae-4b4f9b1e757f/
Chinese to scrutinize Canadian gold & silver miners etc.
Ex...
SILVERCORP METALS INC. its producing mines and exploration and development projects in China @ High Risk to be
nationalized by China,
Imo!
Reaction after Huawei CFO Meng Wanzhou loses key court fight, must remain in Canada | LIVE
665 watching now•Started streaming 48 minutes ago
Silvercorp metals might take a hit in price from silvercorp usa actions and a mix up in companies
https://www.bellingcat.com/news/2020/05/05/the-invasion-of-venezuela-brought-to-you-by-silvercorp-usa/
* * $SVM Video Chart 03-23-2020 * *
Link to Video - click here to watch the technical chart video
* * $SVM Video Chart 08-27-2019 * *
Link to Video - click here to watch the technical chart video
* * $SVM Video Chart 08-24-2019 * *
Link to Video - click here to watch the technical chart video
News: $SVM Silvercorp Files Form 40-F Annual Report
VANCOUVER, British Columbia, June 21, 2019 (GLOBE NEWSWIRE) -- Silvercorp Metals Inc. ("Silvercorp” or the “Company”) (TSX/NYSE American: SVM) reports that the Company has filed today its fiscal 2019 annual report on Form 40-F with the U.S. Securities and Exchange Commi...
Read the whole news https://marketwirenews.com/news-releases/silvercorp-files-form-40-f-annual-report-8397406.html
SVM Best AISC Out There: https://goldnewsletter.com/go/silvercorpmetals/index.php
SVM (is the Fool no fool?)
https://www.fool.ca/2018/10/11/now-is-the-time-to-buy-this-high-quality-silver-miner/
Scooped up a few SVM today closed green
Silvercorp Expands Mineralized Veins by Drilling and Tunneling at the TLP and LME Mines, Ying Mining District, China
https://finance.yahoo.com/news/silvercorp-expands-mineralized-veins-drilling-105500275.html
I believe this news belongs here
Silvercorp Reports Intersection of 4.48 Meters True Width Grading 1,050 Grams per Tonne Silver and 15.92% Lead at the SGX Mine, Ying Mining District, China
https://finance.yahoo.com/news/silvercorp-reports-intersection-4-48-105500798.html
That is an extremely good AG assay
I'm just about ready to do the same thing....
3 dollars seems a struggle these days to get there. I'd like to see a better bounce that breaks thru 3 and targets the next level ,like 3.30-3.50.I would sell a few shares if it does.
SVM is just acting a bit sluggish,trying to get up to 3 dollars.
and those key moving averages right there don't make it look like clear sailing either. Probably SVM will get whacked down as soon as it touches 2.99
I wouldn't mind buying more at 2.30 area if it goes there.
let's pop up through 3. I will exit and buy back later. Thanks for the analyses
The larger chart picture....big resistance overhead
at 3 dollars but also just above it 3.10-3.20 looks like strong resistance zone. this pattern looks like its still in a bottoming formation. still ongoing. successfully held the 2.70 base.....So far.... but resistance overhead starting at 3 dollars isn't tested yet. I expect big resistance there,and more time dragging out below 3 dollars. The topping shoulder zone looks like 3.50-3.60 area,maybe 3.80 would be extreme.
targets that look attractive to buy, in my view, are below the 2.70 "base" down at 2.45-2.35 area, where the shoulder zone is. I don't trust the 2.70 'base' to hold. But of course,I could become wrong about that.
In Elliott Wave pattern, this zig zag from 2.70 to 3.00 and back, looks like a "Wave 4" setting up for the "Wave 5" downwave, to test those targets below 2.70,as the 'completed pullback' wave.
from the technical bottom at 40 cents/76 cents/1.00/1.50 to the top at 4.50/4.10....making a major pullback, as "grand wave 2"of 5. IF this does become a trend changing, bullish wave pattern, the next upwave ,that could begin at the 2.40 shoulder zone,(or 2.70 here) would be the Largest rally wave (Wave 3) if it happens. and that might start targeting 5.00-6.00 up to 8 dollars if the pattern develops in a very bullish way for silver, if spot silver breaks free of the manipulation and something triggers a giant rally in spot silver and gold, like a market implosion, or war or some trigger. then SVM could start that big wave 3 rally and start targeting the 8 dollar target for SVM....but otherwise, I think we will be stuck in some pattern that might be a range pattern, from 2.50 to 5 dollars, or 2.25 to 4.50, something like that. 2.20 to 4.40...with 3.30 in the middle. You can see the resistance stations at the 3.30 target area.
so the "buy zone" is down at 2.45-2.25 area.
SVM intraday picture ....
support/resistance levels.
looks like the 3 dollar line is the main target area, I expect a bounce down from it, to retest the support lows, but holding at 2.80-2.85 area, as a "bullish" step to hold in a possible rally bounce. The rally,if we get one, would have strong resistance above 3 dollars ,around the 3.20-3.35 area. The ultimate target I'm looking at in the current cycle is the 3.40-3.55 area, a shoulder zone,which amounts to a bearish bounce from the 2.70 "bottom zone", since the larger chart picture has SVM with topping zones at 4 dollars and 4.50. (not shown here) so a topping resistance area now, in the 3.45-3.60 area is what I'm seeing on the larger chart. This chart here, is the bottom zone bouncing to test 3 dollars. a critical first wave ,that needs to break thru 3 dollars eventually, if its going to develop upward movement from this 2.70 "Bottom zone" This kind of bounce ,needs to reach the resistance 3.30 area to make a good show of the rally wave, because from there, it can pull back half way, to craft support AT the 3 dollar line. That would be the bullish looking wave structure in this pattern if it happens.
SVM bounces toward the 3 dollar resistance...
along with most silver miners today, and spot silver bounced a bit off its low zone. but silver isn't looking too strong these days is it. or should I say the silver manipulation and suppression is very strong these days....so down it goes. SVM has held its 2.75 support zone pretty well so far. I think theres one more plunge for SVM, to target the 2.45 shoulder, and start looking like a fair bargain there. I don't feel like buying this 2.75 area. it has that look of a sneeky rat waiting to cap the 3.oo area and send it down to test 2.50.
hey,joe.....
yes, that 3 dollar level has been a key area on the technical chart. seems like we need to see it get above it and hold that price.
Can you believe it fell to a 40 cent bottom,to end 2015, finally turned around. Ive owned SVM since 2009.stayed with it and rode the giant collapse to the bottom.
But these last year and a half, its been one of the best performing silver miners .
Even now, its been holding up ok with the latest silver smash down. maybe cause its not a pure silver mine, its very base metal mining.
I am here, have been for a while. Was hoping to get above three dollars and stay there with rising AG prices. Give it some more time
good question....SVM is outperforming most silver miners....there should be interest here.
it would be better to own the silver coins, it's a currency and backed by silver. We could go to war with China and your investment in their silver mine will evaporate overnight. Own the metal and keep it safe. It will always available to you 24 / 7 should the SHTF you have a currency that holds a monetary value.
Great numbers out today, Canada and US closed at HOD.
With further rising gold and silver prices - this stock also will, imo.
Nw12
Today it should break the 3 easy, european markets are still in brexit mode and PM are running
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Facilitated by China's 1997 Mineral Resource Law (click here), Silvercorp first entered China in 2003 to capitalize on the country's vastly underexplored geological potential. While the Chinese government invested tremendously in geological exploration in the 1950s and 1960s, leading to many discoveries, very little capital or advanced exploration technology were available to exploit them fully. China's 1997 Mineral Resource Law was adopted specifically to enable foreign mining companies to explore and mine in the country -- inviting in the advanced exploration technology, expertise and funding China needed to truly develop its tremendous resources.
In 2004, Silvercorp acquired the Ying project, a small producing mine in the Henan province, and exploration over the next two years led to the discovery of exceptionally high-grade silver-lead-zinc mineralization in a multitude of narrow veins similar to the prolific Coeur d'Alene silver district in Idaho, U.S.A. On March 31, 2006, Silvercorp received its first mining permit from the Ministry of Labour & Resources and commercial production of silver, lead and zinc from the Ying mine began the next day.
Today, Silvercorp is China's largest primary silver producer, achieving production of approximately four million ounces of silver in fiscal 2008. Due to the exceptionally low costs of operating in China, along with the high efficiency of a skilled labour force, Silvercorp has enjoyed industry-leading profitability and returns among its industry peers. In fiscal 2008, the company generated net profits of $59.9-million on sales of $108-million, representing earnings of $0.41 per share. As testament to its profitability - and a demonstration of its ability to repatriate profits - the company paid its first annual dividend to shareholders of $0.05 per share on October 21, 2007.
Following upon its success at the Ying mine, Silvercorp acquired three nearby mines and consolidated the district in 2007. The company now has four mining permits in the Henan province along with a newly acquired development project in the Guangdong province, which is currently in the mining permit application process. In addition to its operational success Silvercorp is considered a preferred mining company in the Henan district, having built a solid reputation for upholding high safety and environmental standards and supporting local community initiatives. Silvercorp plans on continuing its growth through increasing mine capacity and production, resource expansion and continuing acquisitions with a focus in China.
Silvercorp is listed on the Toronto Stock Exchange under the symbol "SVM", and is a reporting issuer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia and New Brunswick, Canada. The company is also a reporting issuer in the United States and commenced trading on the New York Stock Exchange under the symbol "SVM" on November 5, 2009. Prior to the NYSE listing, the company traded on the NYSE Amex beginning on Feb. 17, 2009.
The Company was formed as Spokane Resources Ltd. pursuant to an amalgamation of Julia Resources Corporation and MacNeill International Industries Inc., under the British Columbia Company Act, on October 31, 1991. By special resolution dated October 5, 2000 Spokane Resources Ltd. consolidated its share capital on a 10:1 basis and altered its Memorandum and Articles of Incorporation by changing its name to SKN Resources Ltd. On May 2, 2005, the Company filed a Notice of Alteration with the Registrar of Companies changing its name from 'SKN Resources Ltd.' to 'Silvercorp Metals Inc.'.
Prior to being listed on the Toronto Stock Exchange on October 24, 2005, Silvercorp Metals was listed on the TSX Venture Exchange from July 26, 2001, to May 1, 2005.
Myles Gao, President and COO of Silvercorp, joined the company as a director on November 25, 2002, just before the company acquired its first project in China. Dr. Rui Feng,Chairman CEO, joined on September 5, 2003.
Operating in China poses great opportunities but also unique challenges. Management of Silvercorp has built up a record of success in this environment by formulating and executing a distinct long-term strategy characterized by three key steps:
1) Acquire a project and conduct selective exploration to further delineate its potential
2) Develop mine operations and generate profits before the project's potential is fully drilled
3) Use cash flow generated from operations to fund further exploration, resource expansion and production ramp up.
Silvercorp's strategy has been effectively applied at its Ying mining and exploration project, where over 74,619 metres of underground workings (tunnels and stopes) and 78,581 metres of underground and surface drilling in 280 holes were completed between 2004 and 2007. Most of the work was financed by profits from the sale of ore taken out during mine development, which produced three key benefits critical to our continued success:
1) Local Employment - mine development creates jobs for neighbouring communities, boosting the local economy and creating an immediate sense of community involvement in the project.
2) Tax Revenue for Local Government - boost in local support and the taxes collected from profits ensures the support of the local government for the continuation and success of the project.
3) Minimum Dilution for Shareholders - immediate profits and returns means immediate value appreciation for Silvercorp's shareholders and minimum dilution of shareholders' equity.
Because the full potential of Silvercorp's projects has not been realized due to limited drilling, the projects are still open to tremendous exploration potential. For instance, only a small portion of Ying's 50 km2 project block has been fully explored. As of the date of the last technical report on August 16, 2007, silver-lead-zinc-gold-copper resources have been defined at only 18 out of 28 veins identified at the Ying property. Continuing work in these areas may find new veins as well as new mineralized shoots in known veins, potentially extending the life of the company's mines for many years.
Silvercorp plans on continuing its growth through increasing mine capacity and production, resource expansion through exploration of existing projects and continuing acquisitions with a focus in China.
SILVER IN DEPTHSilver links from LinksMine - InfoMine's Library of Mining Web Sites Site Listings
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