Silvercorp Chinese New Year Update
NEWS RELEASE
Trading Symbol TSX/NYSE American: SVM
SILVERCORP CHINESE NEW YEAR UPDATE
VANCOUVER, British Columbia – January 29, 2020 – Silvercorp Metals Inc.’s (“Si lvercorp” or the
“Company”) operations in China are usually suspende d two weeks for the Chinese New Year holiday.
During the 2020 holiday season, the Company’s produ ction was suspended on January 17 and was
scheduled to re-start on February 1. Due to the co ronavirus situation, China’s central government
extended the Chinese New Year holiday by three days to February 3, 2020, and as instructed by the
provincial governments, the Company now expects a re-start date of February 10, 2020. The Company
expects to catch-up on the lost production time with shortened holidays in the future.
About Silvercorp
Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in
concentrates from mines in China. The Company’s go al is to continuously create healthy returns to
shareholders through efficient management, organic growth and the acquisition of profitable projects.
Silvercorp balances profitability, social and envir onmental relationships, employees’ wellbeing, and
sustainable development. For more information, please visit our website at www.silvercorp.ca.
For further information
Lon Shaver
Vice President
Silvercorp Metals Inc.
Phone: (604) 669-9397
Toll Free: 1(888) 224-1881
Email: [email protected]
Website: www.silvercorp.ca
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS
Certain of the statements and information in this p ress release constitute “forward-looking statements ” within the meaning of
the United States Private Securities Litigation Ref orm Act of 1995 and “forward-looking information” w ithin the meaning of
applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projecti ons, objectives, assumptions or future events or pe rformance (often, but not
always, using words or phrases such as “expects”, “ is expected”, “anticipates”, “believes”, “plans”, “ projects”, “estimates”,
“assumes”, “intends”, “strategies”, “targets”, “goa ls”, “forecasts”, “objectives”, “budgets”, “schedul es”, “potential” or
variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or
be achieved, or the negative of any of these terms and similar expressions) are not statements of hist orical fact and may be
forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price
of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Comp any’s material
properties; the sufficiency of the Company’s capita l to finance the Company’s operations; estimates of the Company’s revenues
and capital expenditures; estimated production from the Company’s mines in the Ying Mining District; ti ming of receipt of
permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and
availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.
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Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those reflected in the forward-looking statem ents or information,
including, without limitation, risks relating to: f luctuating commodity prices; calculation of resourc es, reserves and
mineralization and precious and base metal recovery ; interpretations and assumptions of mineral resour ce and mineral reserve
estimates; exploration and development programs; fe asibility and engineering reports; permits and lice nses; title to properties;
property interests; joint venture partners; acquisi tion of commercially mineable mineral rights; finan cing; recent market events
and conditions; economic factors affecting the Comp any; timing, estimated amount, capital and operatin g expenditures and
economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition;
operations and political conditions; regulatory env ironment in China and Canada; environmental risks; foreign exchange rate
fluctuations; insurance; risks and hazards of minin g operations; key personnel; conflicts of interest; dependence on
management; internal control over financial reporti ng as per the requirements of the Sarbanes-Oxley Ac t; and bringing actions
and enforcing judgments under U.S. securities laws.
This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statem ents or information.
Forward-looking statements or information are state ments about the future and are inherently uncertain , and actual
achievements of the Company or other future events or conditions may differ materially from those refl ected in the forward-
looking statements or information due to a variety of risks, uncertainties and other factors, includin g, without limitation, those
referred to in the Company’s Annual Information For m for the year ended March 31, 2019 under the headin g “Risk Factors”.
Although the Company has attempted to identify impo rtant factors that could cause actual results to di ffer materially, there
may be other factors that cause results not to be a s anticipated, estimated, described or intended. A ccordingly, readers should
not place undue reliance on forward-looking statements or information.
The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of
management as of the date of this press release, and other than as required by applicable securities laws, the Company does not
assume any obligation to update forward-looking sta tements and information if circumstances or managem ent’s assumptions,
beliefs, expectations or opinions should change, or changes in any other events affecting such stateme nts or information. For
the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.