Silvercorp Metals Inc. (Silvercorp) is engaged in the acquisition, exploration, development and mining of silver-related mineral properties in China and Canada. Silvercorp is the primary silver producer in China through the operation of the four silver-lead-zinc mines at the Ying Mining District in the Henan Province of China. The Company has commenced production at its second production foothold in China, the BYP gold-lead-zinc project in Hunan Province and is building the GC silver-lead-zinc project in Guangdong Province as its third production base in China. During the fiscal year ended March 31, 2012 (fiscal 2012), Silvercorp acquired the XBG and XHP silver-gold-zinc projects near the Ying Mining District in Henan Province. On December 2, 2011, the Company, through its 77.5% owned subsidiary Henan Found Mining Co. Ltd., acquired 100% interest in Songxian Gold Mining Co. Ltd. In April 2013, New Pacific Metals Corp. acquired an 80% interest in Fortress Mining Inc. from the Company.