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Silvercorp Says KPMG to Issue Fraud Allegation Report ‘Soon’

Silvercorp Metals Inc., a Canadian miner of the metal in China, said a probe it ordered by KPMG Forensics Inc. to check the company’s cash flows and production volumes to counter allegations of fraud may be completed soon.

“We’re a real company and will fight against shorters and distorters,” Feng Rui, Silvercorp chief executive officer, said today at a meeting in Beijing.