Silvercorp Announces Senior Management and Director Changes
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/18/13 --
Silvercorp Metals Inc. ("Silvercorp" or the "Company")
(TSX:SVM)(NYSE:SVM) announced changes to its senior management and
board of directors. To focus on his role as Chairman of the Board of
Directors, providing the Company with leadership and strategic
guidance, Dr. Rui Feng is relinquishing the Chief Executive Officer
role. The Board of Directors has appointed Myles Gao, Silvercorp's
President, as the new Chief Executive Officer. Mr. Gao, P.Geo., first
joined Silvercorp as President in 2003 and has also held the position
of Chief Operating Officer.
The Company is also pleased to announce the appointment of Malcolm
Swallow, P.Eng., to its board of directors. Among his many
achievements, from 2008 to 2012 he was a Director and VP Development
at Inter-Citic Minerals, a company that developed and sold the
Dachang gold project in China to a major Chinese mining company. Mr.
Swallow, age 62, is a mining engineer, who brings with him forty
years of operating and project management experience, including the
evaluation, development, construction, and operation of numerous
underground and open pit mines involving precious and base metals.
With his mine engineering background, the appointment of Mr. Swallow
brings missing expertise to the Company's Board. Mr. Swallow's
appointment maintains the number of directors on the board at seven,
as Dr. Robert Gayton, 73, has tendered his resignation in order to
lighten his workload and move towards semi - retirement. The Board of
Directors has accepted Dr. Gayton's resignation, thanks him for his
contributions, and wishes him continued success.
Silvercorp is a low-cost silver-producing Canadian mining company
with multiple mines in China which has paid a cash dividend since
2007. The Company is currently developing the GC project in southern
China which it expects will become its next operating mine. The
Company's vision is to deliver shareholder value by focusing on the
acquisition of under developed projects with resource potential and
the ability to grow organically. For more information, please visit
our website at www.silvercorp.ca.
Silvercorp Metals Inc.
Senior Vice President
(604) 669-9397 or Toll Free 1(888) 224-1881
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