- CEO
- Ken Z. Cai
- Full Time Employees
- 10
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1055 West Georgia Street Vancouver BC Canada V6E 3R5
- IPO Date
- Nov 4, 2005
- Business
- Minco Silver Corporation (TSX:MSV) is a Canada-based mineral exploration company engaged in the acquisition, exploration, evaluation and development of precious metals mineral properties and projects, primarily silver and gold deposits; it holds interests in the Fuwan Silver Project in Guangdong Province, China, covering 21.75 square kilometers under the Luoke-Jilinggang exploration permit expiring March 8, 2026 through 90%-owned Changfu Minco Co. Ltd., subject to a 10% net profits interest held by Guangdong Geological Bureau with no funding obligation; and the adjacent Changkeng Gold Project exploration permit expiring November 21, 2027 through 51%-owned Mingzhong Mining Co. Ltd. Founded in 2004 and headquartered at 2060-1055 West Georgia Street, Vancouver, British Columbia, the company operates principally in China through subsidiaries including Minco Mining (China) Co. Ltd. and Minco Investment Holding HK Ltd., targeting high-quality silver-dominant assets with access to infrastructure near Guangzhou. Minco Silver maintains a diversified investment portfolio including short-term term deposits and USD-denominated instruments yielding 3.75%-5.40%, financial assets at fair value through profit or loss valued at $25.0 million as of March 31, 2025 comprising public market equity investments and a 9.54% indirect interest in approximately 7.48 million shares of Sichuan Hexie Shuangma Co. Ltd., China's largest cement manufacturers, via Tianjin Saikehuan Enterprise Management Center LP acquired in October 2022 for RMB 119.8 million; and a 12.7% equity method investment in Hempnova Lifetech Corporation focused on industrial hemp products and services. Recent developments include receipt of CAD $11.4 million final payment from Longxin Mining in May 2025 on a note receivable secured by the Longwangshan Gold Mine, following court-ordered auctions of pledged equity appraised at RMB 152 million amid ongoing recovery efforts with judicial sales scheduled May-June 2025 starting at RMB 119 million; renewal of exploration permits for Fuwan Silver in 2021 and Changkeng Gold in 2022; Q1 2025 net income of $2.0 million driven by $1.6 million unrealized gains on Hexie investment and $0.5 million realized gains on equity disposals; and initiation of a process to divest the Fuwan Silver and Changkeng Gold projects, with negotiations underway with multiple parties as of May 2025.