Silvercorp Metals Inc’s (NYSEAMERICAN:SVM) (TSX:SVM) operations in China are usually suspended two weeks for the Chinese New Year holiday. During the 2020 holiday season, the company said it production was suspended on January 17 and was scheduled to restart on February 1. Due to the coronavirus situation, China’s central government extended the Chinese New Year holiday by three days to February 3, and as instructed by the provincial governments, the company now expects a restart date of February 10. The company expects to catch-up on the lost production time with shortened holidays in the future. |