Silvercorp Gives Forecast for Fiscal 2014

Silvercorp Metals Inc. (TSX:SVM, NYSE:SVM) announced its outlook for year ending March 31, 2014, in which the company expects tin production to reach 300,000 pounds.

As quoted in the press release:

In Fiscal 2014, the Company expects to produce 300,000 tonnes of ore with grades of 100 g/t silver, 0.8% lead and 2.2% zinc, 0.1% tin and 6% sulphur, with expected metal production of 0.74 million ounces of silver, 18.2 million pounds of lead and zinc, 300,000 pounds of tin, and 20.5 million pounds of sulphur. The cash and total production costs are expected to be approximately $45 and $70 per tonne of ore, respectively.

Click here to read the full Silvercorp Metals Inc. (TSX:SVM, NYSE:SVM) press release.