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NevGold pushes beyond Limo Butte resource•Heritage drills six-metre gold zone at Melba•Salazar discovers ‘high-grade’ tungsten at Pijili Project•Aguia aligned with newly approved government-backed fertiliser incentive•US Department of Energy injects $13.9 million into critical minerals•Queensland legislation backs critical minerals exploration•DevEx follows Nabarlek-style clues at KP•Alurion drills towards Amargosa Prefeasibility Study•Moonlight hits broad copper zones at Peak Downs•Legal battle heats up for major iron ore miner Fortescue•Lithium Universe recovers gallium and platinum from e-waste•Rokeby reports maiden tailings resource at Omeo•Critical Resources links up with CSIRO for battery technology•Barkly advances 10,000m drilling at flagship project•Antilles Gold signs binding deal for Cuban sanction relief•Renegade expands loan facility to $2 million•US Army’s Janus Program puts spotlight on uranium supply•Mithril extends Copalquin silver-gold corridor to 550m•Felix Gold produces antimony metal from pilot plant•Strategic Energy tests two Canobie targets NevGold pushes beyond Limo Butte resource•Heritage drills six-metre gold zone at Melba•Salazar discovers ‘high-grade’ tungsten at Pijili Project•Aguia aligned with newly approved government-backed fertiliser incentive•US Department of Energy injects $13.9 million into critical minerals•Queensland legislation backs critical minerals exploration•DevEx follows Nabarlek-style clues at KP•Alurion drills towards Amargosa Prefeasibility Study•Moonlight hits broad copper zones at Peak Downs•Legal battle heats up for major iron ore miner Fortescue•Lithium Universe recovers gallium and platinum from e-waste•Rokeby reports maiden tailings resource at Omeo•Critical Resources links up with CSIRO for battery technology•Barkly advances 10,000m drilling at flagship project•Antilles Gold signs binding deal for Cuban sanction relief•Renegade expands loan facility to $2 million•US Army’s Janus Program puts spotlight on uranium supply•Mithril extends Copalquin silver-gold corridor to 550m•Felix Gold produces antimony metal from pilot plant•Strategic Energy tests two Canobie targets
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  • Silvercorp Metals in pursuit of growth and a gold developer
21 February 2024
WRITTEN BY Mining.com.au Staff Writers

Silvercorp Metals in pursuit of growth and a gold developer

Silvercorp Metals (TSX:SVM) generated cash flow from operating activities of $23.6 million in the previous quarter and realised adjusted earnings attributable to equity shareholders of $11.5 million – or $0.06 per share.

The company finished the period with a strong balance sheet with $198.3 million in cash and cash equivalents and short-term investments. Silvercorp holds a further equity investment portfolio in associates and other companies with a total market value of $139.5 million as of 31 December 2023.

Speaking to Mining.com.au in a two-part interview company President Lon Shaver says on the back of a strong performing year, the company has been able to launch an off-market takeover bid for OreCorp (ASX:ORR).

Shaver outlines why the company believes its offer is superior to an interloper listed on the ASX which has now also made a bid to acquire the target.

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Written By Mining.com.au Staff Writers

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