Silvercorp Metals acquires all of Guyana Goldfields

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On April 27, both companies signed a final agreement creating a diversified group with two underground mines, the Ying silver mine in China and the Aurora gold mine in Guyana. Simultaneously, Silvercorp and Goldfields signed an internal loan agreement where Silvercorp will transfer up to US$15 million to Guyana to keep Aurora operating and provide working capital. Mr. Rui Feng, Chairman and CEO of Silvercorp, said in a statement that he hopes to work closely with the government of Guyana to ensure that the transition is mutually beneficial and to expand exploration in the Aurora gold district.

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