The Assay TV chats with Lon Shaver, president of Silvercorp Metals Inc. (TSX: SVM | NYSE: SVM), a Canadian silver company with a clear growth strategy, strong cash flow generation, and a robust balance sheet with US$200M in cash and no debt.
Lon discusses Silvercorps 6.6Moz produced last year, with 7Moz of silver anticipated for 2023 and even more projected for years to come. He also explains the company’s margins, operating costs, funding, as well as their investment into New Pacific Metals Corp. in Bolivia and Orecorp in Tanzania.
Lon highlights the importance of Silvercorp’s Chinese projects and how silver is used in solar panel production in addition to domestic consumption. He emphasizes how the company differentiates itself through selective asset evaluation on actionable deposits and looks forward to its next chapter of growth.
Website: silvercorpmetals.com
Primary tickers: TSX:SVM, NYSE:SVM
Stage of development: Production
Commodity: Silver
Operations: Ying Mining District
Operation location: China
