TSX: MSV; OTCQX: MISVF;
WKN:A0ESX5
VANCOUVER, Nov. 14, 2019 /CNW/ - 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
SOURCE Minco Silver Corporation