Silvercorp’S Mines Achieve “Green MINE” Certifications
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NEWS RELEASE
Trading Symbol: TSX/NYSE AMERICAN: SVM
SILVERCORP’S MINES ACHIEVE “GREEN MINE” CERTIFICATIONS
VANCOUVER, British Columbia – November 23, 2020 – Silvercorp Metals Inc. (“Silvercorp” or the
“Company”) (TSX/NYSE American: SVM) is pleased to report that its TLP, LME, LMW and HPG mines
in the Ying Mining District, Henan Province, and GC mine, Guangdong Province, have been certified
as “green mines” in China. A "green mine" is a certification awarded to mines that minimize adverse
impacts on the environment and adopt scientific design and measures to ensure sustainable
development from mine development to closure.
Generally, a “green mine” designation allows for a more favourable treatment from different levels
of government, including in relation to priority rights to mining resources, improved land security for
mine construction, and finance and tax support through coordinated policies.
Certification Status
On October 23, 2020, the TLP, LME, LMW and HPG mines passed a six day , on-site inspection and
assessment by an independent third party appointed by the Department of Natural Resources of
Henan Province , with scores exceeding 80% , and were enlisted as “Nati onal Green Mine s”. Final
certification will be issued by the Ministry of Natural Resources of China.
The GC mine also passed an independent, on-site inspection and assessment to be enlisted as a
“National Green Mine ” by the D epartment of Natural Resources of Guangdong Province on
September 26, 2020.
Silvercorp’s SGX and HZG mines both received the designation of “National Green Mine” in
November 2015.
Review and Assessment Process
To qualify as a “National Green Mine” , amongst other things, the mine owner must not have been
penalized in the past three years by national resources or environment al regulators. Green mine
assessments cover a broad range of topics, including:
• Rights and licenses : Operate with and in compliance with relevant mining rights and
licenses, national laws, regulations, industrial policies, national mineral resources plans, and
geological environment protection plans;
• Environmental impact assessment: State-approved plans with water and soil conservation
measures and comprehensive safety assessments, security bonds for environmental
restoration;
• No incidents : No reported production accident s, death s, environmental accident s, or
administrative penalties imposed within the two years prior to the application;
• Efficient operations : Promote technological innovation in mining and processing to
maximize extraction and minimize waste through recycling;
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• Stakeholder impacts and relationships : Generate social, environmental and community
benefits in addition to economic benefits (taxes, fees and profits) inside and outside the
organization;
• Promote energy efficiency : Employ new, energy-saving technologies and processes to
reduce energy consumption;
• Environmental p rotection and reclamation : Minimize dust pollution, material stockpiles,
forestry impacts and soil loss, and control waste discharges; and
• Management and supervision : Organizational structure and internal controls to ensure
sufficient oversight and continuous safety at all operations.
Each mine that has been included in the national list of green mines is subject to ongoing supervision
and random site audits by the provincial Departments of Natural Resources . Mines that do not
satisfy the requirements are removed from the national list and will be closed.
About Silvercorp
Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in
concentrates from mines in China. The Company’s goal is to continuously create healthy returns to
shareholders through efficient management, organic growth and the acquisition of profitable
projects. Silvercorp balances profitability, social and environmental relationships, employees ’
wellbeing, and sustainable development. For more information, please visit our website at
www.silvercorp.ca.
For further information
Silvercorp Metals Inc.
Lon Shaver
Vice President
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 news release constitute “forward -looking statements” within the
meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward -looking information”
within the meaning of applicable Canadian pro vincial securities laws (collectively, “forward -looking statements”). Any
statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or perf ormance (often, but not always, using words or phrases
such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”,
“strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “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 historical fact and may
be forward -looking statements. Forward -looking statements relate to, among other things: the price of silver and
other metals; the accuracy of mineral resource and mineral reserve estimates at the Company’s material properties;
the sufficiency of the Company’s capital 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 and the GC
Mine; timing of receipt of permits and regul atory 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.
Forward-looking statements 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 statements, including,
without limitation, risks relating to: social and economic impacts of COVID -19; fluctuating commodity prices;
calculation of resources, reserves and mineralization and precious and base metal recovery; interpretations and
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assumptions of mineral resource and mineral reserve estimates; exploration a nd development programs; feasibility
and engineering reports; permits and licences; title to properties; property interests; joint venture partners; acquisition
of commercially mineable mineral rights; financing; recent market events and conditions; econom ic factors affecting
the Company; timing, estimated amount, capital and operating expenditures and economic returns of future
production; integration of future acquisitions into the Company’s existing operations; competition; operations and
political condi tions; regulatory environment in China and Canada; environmental risks; foreign exchange rate
fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest; dependence on
management; internal control over financial r eporting; 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 statements. Forward -
looking statements are statements about the future and ar e inherently uncertain, and actual achievements of the
Company or other future events or conditions may differ materially from those reflected in the forward -looking
statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in
the Company’s Annual Information Form under the heading “Risk Factors”. Although the Company has attempted to
identify important factors that could cause actual results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue
reliance on forward-looking statements.
The Company’s forward -looking statements are based on the assumptions, beliefs, expectations and opinions of
management as of the date of this news release, and other than as required by applicable securities laws, the
Company does not assume any obligation to update forward -looking statements if circumstances or management’s
assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such
statements. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.