Silvercorp Metals Inc 6-K, filed Sep 27, 2022
Silvercorp Metals Inc (SVM)
About this 6-K
Silvercorp Metals Inc filed this 6-K on September 27, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
September 26, 2022
Commission File No. 0001-34184
SILVERCORP METALS INC.
(Translation of registrant’s name into English)
Suite 1750 - 1066 West Hastings Street
Vancouver, BC Canada V6E 3X1
(Address of principal executive office)
[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F]
Form 20-F [ ] Form 40-F [ X ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) [ ]
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is “submitting” the Form 6-K in paper as permitted by Regulation S-T “Rule” 101(b)(7) [ ]
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [ X ]
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Dated: September 26, 2022 | SILVERCORP METALS INC. |
/s/ Derek Liu |
|
Derek Liu |
|
Chief Financial Officer |
2
Exhibit 99.1
FORM 51-102F3
MATERIAL CHANGE REPORT
| Item 1. | Name and Address of Reporting Issuer |
Silvercorp Metals Inc. (the “Company” or “Silvercorp”)
Suite 1750 - 1066 West Hastings Street
Vancouver, BC V6E 3X1
| Item 2. | Date of the Material Change |
September 21, 2022.
| Item 3. | News Release |
A news release announcing the material change was disseminated on September 21, 2022 through Cision and subsequently filed under the Company’s profile on SEDAR at www.sedar.com.
| Item 4. | Summary of Material Changes |
Silvercorp has released the results of an updated National Instrument 43-101 technical report on mineral resources and mineral reserves for the Ying property (the Ying 2022 technical report) (mineral resources and mineral reserves effective Dec. 31, 2021), prepared by AMC Mining Consultants (Canada) Ltd. The Ying 2022 technical report covers all the mines in the Ying property (also referenced as the Ying mining district) in Henan province, China, namely the SGX, HZG, HPG, TLP, LME, LMW and DCG underground mines.
Based on proven and probable mineral reserves, annual production of silver is projected to average approximately seven million ounces between fiscal 2023 and 2025, eight million ounces between 2026 and 2029, 7.1 million ounces between 2030 and 2032, and four million ounces between 2033 and 2037, to have a life of mine (LOM) at 15 years. There is also the potential to extend the LOM beyond 2037 through further exploration and development, particularly in areas with identified inferred resources.
| Item 5. | Full Description of Material Change |
See attached news release.
| Item 6. | Reliance on subsection 7.1(2) of National Instrument 51-102 |
Not applicable
| Item 7. | Omitted Information |
Not applicable.
| Item 8. | Executive Officer |
For further information, please contact Lon Shaver, Vice President at 604-669-9397 or at investor@silvercorp.ca.
| Item 9 | Date of Report |
September 23, 2022.