Silvercorp Metals & New Pacific Metals
Newsweek US|January 27, 2023
A growth-oriented philosophy for tomorrow’s silver mining industry
Silvercorp Metals & New Pacific Metals

Canada is the 9th largest economy in the world by GDP according to the World Bank, and ranks as the world's 8th wealthiest country, with a total private wealth of US $6.2T. Largely shielded from the geopolitical fallout of Russia's war with Ukraine, Canada posted a standout economic growth rate of 3.3% in Q2 2022, and Deloitte expects the country to see a 16.8% increase in its imports of services this year. Canada is an attractive destination for international investors and offers preferential market access through 14 trade agreements with 49 countries - a total of 1.5B consumers and a combined GDP of US $60T - and 117 border crossings with the USA.

Canada's mining industry played a vital role in advancing exploration discoveries, and the development of mineral resources worldwide, thanks to its resource-focused Toronto Stock Exchange, well-respected securities and financing regulations for mineral resource sectors, experienced geological, engineering, and legal professionals, as well as natural resource focused financial institutions. Canada is home to almost half of the world's publicly listed mining and mineral exploration companies (S&P Market Intelligence, 2021). According to Natural Resource Canada (2022), a total of 1,348 Canadian mining and exploration companies had a total market valuation of CAD 273.4 B in 2020, and there are 730 companies with mining assets located in 97 foreign countries, worth CAD 188.2 B.

Silvercorp Metals, listed on Toronto Stock Exchange, is one of these Canadian mining companies operating abroad, it is also one of the most profitable, producing silver, gold, lead, and zinc from multiple mines in China.

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Denne historien er fra January 27, 2023-utgaven av Newsweek US.

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