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| November 14, 2019 Minco Silver Announces Third Quarter Fiscal 2019 Loss |
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| Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV OTCQX: MISVF; WKN: A0ESX5) today reported financial results for its fiscal third quarter ended September 30, 2019. As at September 30, 2019 the company had working capital of approximately of $44.5 million on hand. The Company has been reviewing mineral projects with merit and will make use of the Company's working capital to increase shareholders value. The current period loss reflects the Company's decision to record a non-cash impairment loss of $64.4 million consisting of write-downs of the Company's historical expenditures on the Fuwan Silver Deposit and Changkeng Gold projects, due mainly to the delays experienced in obtaining permits for these projects. Notwithstanding the write-down, the Company intends to renew all permits and keep the titles to its Fuwan Silver Deposit and Changkeng Gold projects in good standing. About Minco Silver Minco Silver Corporation is a TSX and OTCQX listed company focusing on the exploration and development of mineral resource projects. We seek to identify and acquire precious metal dominant projects that we believe will enhance shareholder value. For more information on Minco Silver, please visit the Company's website at www.mincosilver.ca or contact Jennifer Trevitt, at 1- 888-288-8288 or (604) 688-8002 pr@mincosilver.ca 2060 -- 1055 W. Georgia St., Vancouver, BC, Canada V6E 3R5
Tel: (604)688-8002 Fax: (604)688-8030 Toll Free: (888)288-8288 E-mail: pr@mincomining.ca Website: www.mincosilver.ca |
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You can view the Next News item: Wed Apr 22, 2020, Minco Silver Announces Investment in Hempnova Lifetech Corporation and Appointment of New Chief Financial Officer You can view the Previous News item: Mon Feb 4, 2019, Minco Silver Terminates the Preliminary Agreement to Acquire the Longwangshan Gold Mine You can return to the main News page, or press the Back button on your browser. |