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Silvercorp Higher with Metal Prices; Plans New Resource Estimates for China, Canadian Properties

Silvercorp Metals Inc. ( SVM ) is up more than 3% at $6.43 a share on similar gains for the metal in the U.S. futures market as well as the company saying it has hired two independent consulting firms to prepare updated resource estimates for four of its properties.

The new NI 43-101 technical reports for Silvercorp's Ying Property and the SGX mine in Henan province and the BYP Project in Hunan province of China, as well as its Silvertip project in British Columbia are due out in about four months.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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