Mining Intelligence and News
China

Gaocheng (GC) Mine

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Overview

Mine TypeUnderground
StatusActive
Commodities
  • Silver
  • Lead
  • Zinc
Mining Method
  • Shrinkage stoping
  • Resue mining
  • Overhand Cut & Fill
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SnapshotThe Gaocheng Mine (GC) produces silver-lead, zinc and minor tin concentrates sold to smelters in China.

GC mine is operated the combination of Stage 1 and Stage 2 via three production and one ventilation systems. Stage 3 is the planned extension of the decline downwards as the main access.

GC Mine have successfully passed the annual review for the Environmental Management System certification in Fiscal 2024.

Owners

SourceSource
CompanyInterestOwnership
Silvercorp Metals Inc. 99 % Indirect
Guangdong Found Mining Co. Ltd. (operator) 100 % Direct
Silvercorp, through its subsidiary Fortune Mining Limited, owns a series of companies with interests in mineral properties in China.

Fortune fully owns Yangtze Mining, which holds a 95% stake in Guangdong Found, the operator of the silver-lead-zinc GC Mine in Guangdong Province. After acquiring an additional 4% in 2018, Silvercorp now holds a 99% interest in Guangdong Found, with GRT Mining Investment holding the remaining 1%.

Contractors

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Deposit type

  • Mesothermal
  • Vein / narrow vein

Summary:

The poly-metallic mineralization at the GC deposit is characteristic of mesothermal vein infill deposits and exhibits the following features:
- Mineralization occurs as structurally controlled veins within broader alteration zones, which can extend several meters along both the hangingwall and footwall of the faults.
- The veins have sharp contacts with the host rocks and steeply dip at angles between 60° and 85°.

Ag-Zn-Pb mineralization generally follows the strike of the faults.

Mineralization at the GC deposit can be categorized into primary and oxidized types. Primary mineralization, which constitutes 95% of the total Mineral Resource, is mainly composed of galena, sphalerite, and silver minerals, appearing sparsely, as disseminations, veinlets, and lumps. Oxide mineralization occurs near the surface, primarily within fault-breccia zones that are oxidized down to about 40 m. These veins display open space and boxwork lattice textures due to sulphide mineral oxidation, with secondary minerals like kaolinite, hematite, and limonite present.

Pyrite is the dominant sulphide mineral, making up a few percent to 13% of the veins. Other minerals include sphalerite, galena, pyrrhotite, arsenopyrite, magnetite, and trace amounts of chalcopyrite and cassiterite. Metallic minerals, found in smaller quantities, include argentite, native silver, bornite, wolframite, scheelite, and antimonite. These occur in narrow bands, veinlets, or as disseminations within the gangue, which consists of chlorite, quartz, fluorite, feldspar, mica, hornblende, and minor or trace amounts of kaolinite, tremolite, actinolite, chalcedony, garnet, zoisite, apatite, and tourmaline.

Alteration minerals associated with the GC veins include quartz, sericite, pyrite, chlorite, clay minerals, and limonite. Silicification is common near the centre of the veins, while chlorite and sericite are found near and slightly beyond the vein margins. Quartz, pyrite, fluorite, and chlorite are closely related to the mineralization.

In addition, the GC deposit exhibits several notable mineralization features:
- High-grade Ag-Zn-Pb mineralization tends to occur at the intersections of NWW and east-west striking faults, leading to east plunging shoots of high-grade mineralization.
- Fault breccia zones host the most intense, continuous, and wide mineralization of Ag-Zn-Pb.
- Grade contours indicate that Zn mineralization is more continuous across the veins, whereas Ag and Pb are more locally concentrated.

The GC deposit consists of 256 mineralized Ag-Zn-Pb veins.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityUnits20242023202220212020201920182017
Silver koz  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe630 570 600 
Lead M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe8.7 6.7 7.1 
Zinc M lbs  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe16 12 14 
All production numbers are expressed as metal in concentrate. ^ Guidance / Forecast.

Operational metrics

Metrics20242023202220212020201920182017
Tonnes milled  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe288,995 t244,338 t260,696 t
Daily processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Annual processing capacity  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Ore tonnes mined  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe284,218 t245,783 t260,746 t
Waste  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe153,400 t
^ Guidance / Forecast.

Production Costs

CommodityUnits20242023202220212020201920182017
Credits (by-product) Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -36.87 / oz   -35.59 / oz   -26.18 / oz  
Total cash costs (sold) Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -12.97 / oz **   -12.37 / oz **   -6.47 / oz **  
All-in sustaining costs (sold) Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -6.28 / oz **   -3.69 / oz **   0.2 / oz **  
All-in costs Silver USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe -5.49 / oz **   -2.88 / oz **   0.8 / oz **  
** Net of By-Product.

Operating Costs

Currency20242023202220212020201920182017
UG mining costs ($/t mined) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Processing costs ($/t milled) USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe

Financials

Units20242023202220212020201920182017
Capital expenditures (planned) M USD
Sustaining costs M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 1   1.9   1.1  
Capital expenditures M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe
Revenue M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 29   27.9   20.7  
Operating Income M USD  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe  ....  Subscribe 7.5  

Heavy Mobile Equipment

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EV - Electric

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 8, 2024

EmployeesContractorsTotal WorkforceYear
...... Subscription required ...... Subscription required ...... Subscription required 2024
...... Subscription required ...... Subscription required ...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required ...... Subscription required ...... Subscription required 2021
...... Subscription required ...... Subscription required ...... Subscription required 2020
...... Subscription required ...... Subscription required ...... Subscription required 2019
...... Subscription required 2018
...... Subscription required 2017

Aerial view:

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