Silvercorp Provides Plan to Develop the Condor Gold Project as a High-Grade Underground Mine
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Silvercorp Metals Inc. plans to develop the Condor gold project in Ecuador as a high-grade underground mine. A previous assessment had outlined it as a high tonnage, low-grade, open pit project.
December 04, 2024 | 1:15 pm
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Silvercorp Metals Inc. plans to develop the Condor gold project in Ecuador as a high-grade underground mine, which could enhance the project's value and profitability compared to the previous open pit plan.
The shift from a low-grade open pit to a high-grade underground mine suggests a strategic move to increase the project's profitability and value, which is likely to positively impact Silvercorp's stock price in the short term.
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