Silvercorp Metals Inc. (TSX: T.SVM, Stock Forum) (NYSE: SVM, Stock Forum) reported that production at its Ying Mine, in Henan, China will be interrupted for approximately 5 days in the current quarter as a result of power interruptions.
In a project update, the Vancouver company said power interruptions are the result of work being done to relocate power lines in order to accommodate new highway construction.
The company is the largest primary silver producer in China, via the operation of four silver-lead-zinc mines in Henan Province.
Silvercorp's management team is working closely with the relevant authorities to ensure power to Silvercorp is restored as soon as possible to minimize the impact on the company's operations.
Trading at $6.24 this week, Silvercorp has a market cap of $1.07 billion, based on 170.7 million shares outstanding. The 52-week range is $11.63 and $4.92.