Silvercorp Adds New General Manager for Tanzania Project


Trading Symbol:        TSX: SVM

VANCOUVER, British Columbia  December 28, 2023 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX: SVM) (NYSE American: SVM) is pleased to announce the hiring of Mr. Kevin Moxham as General Manager of Tanzania Projects effective January 1, 2024.


Reporting to the CEO and the President, Mr. Moxham’s main responsibility will be to lead the construction and commissioning of the Nyanzaga Gold Project, along with related infrastructure, in Tanzania, once Silvercorp has assumed effective control of the project.


Prior to joining Silvercorp, Mr. Moxham most recently served as Executive General Manager of the Khoemacau Copper Mine in Botswana where he was instrumental in facilitating its sale to MMG Limited for approximately US$2 billion in November 2023. Mr. Moxham led Khoemacau’s mine development efforts from 2017, that culminated in the commencement of production in June 2021, accomplishing all targeted milestones and ramping up to full capacity of 10,000 tonnes per day by the time of its sale to MMG Limited.


Mr. Moxham started his mining career with Anglo American and has held General Manager roles at Barrick Gold’s North Mara Gold Mines in Tanzania, Bisha Mining Share Company in Eritrea, and Newmont’s Golden Ridge Akyem Gold Mine in Ghana, among other senior leadership positions. He is a past president and honorary lifetime member of the Association of Mine Resident Engineers of South Africa and a Founding Board Member of the Centre of Mechanization, Witwatersrand University. He had also played professionally in first-class cricket in the past for South Africa’s Easterns franchise.


Dr. Rui Feng, Chairman and CEO of Silvercorp, commented, "We are very pleased to welcome Kevin to the Silvercorp team. Kevin brings decades of experience in the African mining industry and his deep industry knowledge on that continent will make a great contribution to Silvercorp's future growth."