The company had planned to separate its Russian and Kazakh businesses.

The 2023 feasibility study predicts an average annual gold production of 207,000 oz. in each of the first five years and 176,000 oz. per year over the initial 10 years of operation.

“This transaction will create a new globally diversified precious metals producer," Silvercorp chairman says.

A Mexican court ruled in favor of the workers' union in June, ordering Grupo Mexico to pay back wages and benefits.

The company’s winter drilling program had uncovered a trove of new mineralized zones.

The company said a new zone of structurally hosted high-grade copper-gold-silver mineralization was discovered east of the West zone.

The copper-zinc-gold-silver project in Saskatchewan has a projected 18-year mine life, over which it could produce 65 million lb. of copper-equivalent annually.