Silvercorp Metals (TSE:SVM) has released an update.
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Silvercorp Metals Inc. has successfully renewed its mining license for the SGX and HZG mines within China’s Ying Mining District, extending the license until 2035 with an expanded production capacity of 500,000 tonnes annually. As part of the renewal process, the company completed numerous studies and reports to ensure compliance with regulations. The mines are currently operating as normal, with plans underway to optimize mining operations to meet the new production capacity.
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